Remove 2007 Remove Competition Remove Ideation Remove Technical Review
article thumbnail

How to Keep Innovating in an Economic Downturn

Innov8rs

Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds. Usually, you need innovation for that, which means that you either adapt to current challenges or lag behind the competition. Why shouldn’t you just give up on innovation when times are tough?

How To 105
article thumbnail

What you need to know about India Innovation Growth Programme 2.0

hackerearth

Initially set up by Lockheed Martin Corporation, Industry Chamber FICCI and the IC 2 Institute at the University of Texas, Austin in 2007, IIGP has continued to nurture brilliant ideas and concepts from innovators across the country in the ten years since. Established by the Department of Science and Technology (Government of India), IIGP 2.0

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

This can result in the formation of ideas for new products and strategies, which ultimately can create competitive advantage and deliver incredible ROI. Not just because the business can ask their employees for solutions to strategic problems or for ways to increase competitive advantage, but as a way to embolden their workforce.

article thumbnail

Ideate or Deteriorate – Why Companies Must Learn How To Be Innovative to Achieve Major Growth

Qmarkets

The only difference is that WhatsApp was first to capitalise on the innovative capabilities that were being offered by mobile devices, despite possessing categorically inferior technology and resources. The case of this American technology company is one of the most well-known, not least of all because it is also one of the most shocking.

article thumbnail

The Role of Innovation in New Product Development: Three Approaches for Success

Qmarkets

Crowdsourcing allows businesses to target internal and external participants to share their ideas and suggestions via questionnaires, competitions, promotions, and other methods. Lego use their customers as a source to gather new ideas, strengthening brand loyalty and creating an efficient ideation process.

article thumbnail

PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

Companies disappear all the time without a word, due to changing cultural values, changing technology, or changing audience demographics. It wasn’t the tech startups alone that brought them down. At the heart of it all was a lack of attention to how customers’ lives had changed into a faster, more tech-savvy world.

article thumbnail

What is idea management and why is it important for any business

hackerearth

Ideas that, if materialized into innovative products or services, align with your organization’s goals, increasing revenues and keeping competition at bay. Idea management, or ideation, involves capturing ideas, evaluating ideas, and shortlisting the most promising ideas.Employees are motivated to find solutions for a specific business need.