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Don't turn your back on the naysayers—there's always room for growth. No one ever looks forward to hearing negative feedback from their colleagues or clients, but when it's delivered in a constructive manner to teams who are willing to listen, it can make all the difference in the world.  Whether an organization needs to work on closing the communication gaps or elevating its product and service delivery process, implementing a new way of doing things in a timely fashion, will also boost a team's morale to develop their skills and help the business improve further. In this latest panel, 11 Fast Company Executive Board members describe how some criticism, taken, can actually be more beneficial for the company.

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It may be so obvious that many of us missed it. But whether we noticed it or not, choice has taken over the marketplace. 

expert panel

Try these techniques to foster open, productive, and positive conversations that benefit every stakeholder. Your ability and willingness to understand your client's wants and needs are essential if you want to remain in business and continue to build a solid foundation for your brand. But, remember that maintaining a reliable reputation in the industry has everything to do with human relationships and how you treat the people you interact with on a daily basis. So, the more your company is able to make the lives of its customers easier and meet their needs, you are more likely to win their trust and business for the long term, whether there is a challenge to help them overcome or a victory to be celebrated. Below, Fast Company Executive Board members share their most useful strategies to promote customer satisfaction and create a win for all.

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There are five key indicators that a market is ripe for innovative ideas that will disrupt the market and be embraced in large enough numbers to sustain a customer base.

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Never assume it is easy to do the same thing as another business just because what they do seems simple.

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The business world demands constant innovation, but when is the right time to unveil your "latest and greatest" ideas? Company innovation is an important part of a company’s growth. Without innovation, sales may become stagnant and customers may lose interest in seeing the same products or services offered after a long period of time. To ensure your business seems relevant and continues to excite your customers, adding new products or services becomes imperative. But when is the right time to introduce a new product? When should you launch that new marketing campaign? Here, 15 experts from Fast Company Executive Board shared their best advice for gauging whether now is the right time.