Remove 2004 Remove Competition Remove Culture Remove Marketing
article thumbnail

What do Blue Lobsters Have to do With Innovation? Everything!

Mills-Scofield

Blue Lobster at the South Bristol Coop , 2004. Because the key to innovation isn’t processes, stage gates, weird exercises, or competitions. They think they’re innovative because they make something in green instead of just red, but they stick with their industries, markets, customers, and (usually dying) business models.

article thumbnail

What do Blue Lobsters Have to do With Innovation? Everything!

Mills-Scofield

Blue Lobster at the South Bristol Coop , 2004. Because the key to innovation isn’t processes, stage gates, weird exercises, or competitions. They think they’re innovative because they make something in green instead of just red, but they stick with their industries, markets, customers, and (usually dying) business models.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovation Management: Importance, Ideas, and Examples

Acuvate

So why not ignite the culture of ideation among employees? Building a culture of innovation that drives productive and sustainable innovation practices can spark more ideas from within your workforce helping organizations remain competitive & stay ahead in the long haul. Importance of innovation management.

article thumbnail

Crowdsourcing Case Study: Polaris Industries

Planview

We’re proud to have an innovative culture. When the program started back in 2004, the goal was to bring employees from all over the company together to present game-changing ideas, solve business challenges, and introduce exciting new offerings to market. How do they accomplish this? Low Visibility, Missed Connections.

article thumbnail

Innovate or Die: Open Innovation and 4 Key Measures to Stay Alive

Innovation Walk

Traditional companies have also started to deal with a new competition since the entry of fast-emerging businesses referred to as “startups“. In fact, the velocity of obsolescence , referred to the rate of speed at which a product or service and/or the competitive advantage of it will lose its value, has dramatically increased.

article thumbnail

Business model creation and innovation in China: not just copycats.

The BMI Lab Blog

“Lean value” focus: This approach is supported by the nature of the market. It is full of entrepreneurs, customers, markets and capital that happen at the same time. So, probably dozens of entrepreneurs are working on the same idea at the same time; the market will falsify most wrong assumptions quickly.

article thumbnail

Top 9 Actionable Employee Engagement Ideas and Activities

Acuvate

In today’s competitive business world employee engagement is an essential element in creating a positive work culture and a productive workforce. Disengaged employees can cause both financial and competitive drain on the organizations. Organization’s mission statement is a key strategic marketing and business development tool.