Here in Slingloft, we discuss with wide range of Brands who are trying and struggling to change and adopt to Next-gen Loyalty solution. But sadly, many of them are restricted by their Traditional mindset, fear of Experiments and Changes. So, thought to share our experience to highlight key factors deciding an Innovative Company.

Good and Brilliant things come only to those who are open to new Ideas, Changes and Challenges.

Signs of Traditional and "Rotten" Mindset

1. Follow Others: Always go for proven processes. Follow competitors and adopt whatever they do (Good or Bad). Innovation can't be achieved through shortcuts!

2. Colonial mentality: This is the most common symptom. Only "BIG" companies ("Vendors") can deliver result. Stay away from Startups!

But fact is, Startups are driven by innovation, they do one thing the best way. So, if you really want Innovation, open to Startups who are specialized. They may not have large portfolio or team size but they have the Passion and "Focus to execution" to make your program successful.

3. Ignore suggestions: We are the Best and we are already have everything. These persons are so busy in ignorance and self profoundness, they even don't hear the "suggestions". Sadly we find many of them during our meetings. May God help them!

4. "We are Big": Assumption of being a very Big Brand and Insult or Ignore small companies! This is a huge setback for a Company who has nurtured this kind of mindset across their employees. It is highly stupidity and immature behavior. No brand can go Big on day one!

Now, lets talk about traits of Brands who are Innovative and suggestions for those who would like to achieve the same!

How to adopt Progressive and Innovation Mindset  

1. Open to Change: Open to new trends in market and carefully evaluate suggestions. For example, Change In-house systems to SaaS, as it gives access to Latest trends, Flexibility, Cost-saving and Fast Go-to-market. Check our article on Advantages of SAAS based Loyalty. 

Don't be afraid of additional hard work and initial instability. Brilliant and Innovative things help to become industry leader!

2. Focus on Collaborations: Our success depends on how well we connect, collaborate and complement with others.

3. Be Humble and Respectful: Respect everyone irrespective of Company size. At the end of the day, everyone is trying their best to do some positive contribution to the world.

4. Give opportunity to others: As the eco-system grows, it generates alternate resources and options.

5. Promote Innovation: Encourage your employees to adapt Innovation Mindset. This is very important, After all a Company is as good as their Team and their Mindset.

We at Slingloft offers next-gen Loyalty solution for Channel and Customers. We help brands to change their legacy systems to adopt latest technology and trends to improve program performance. For any query Contact us.