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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.

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Adapt or die: lessons from 5 companies that failed to innovate

Idea Drop

In 2007 a small-time, ailing Netflix actually thought they were going to be acquired by the Blockbusters giant, but they decided they didn’t want to. Price, branding, competitor offering and even convenience are all equally important, and you need to tick every box to stay competitive. Lesson: If you don’t do it, someone else will.

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

hackerearth

Visualize this: You continuously get incredibly innovative ideas from your own workforce. Ideas that, if materialized into innovative products or services, align with your organization’s goals, increasing revenues and keeping competition at bay. And why is innovation important? You couldn’t be more wrong.

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Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. Intensify Your Impact: Keeping Innovation Customer-Centric When a recession hits, consumers tend to be far less willing to open their wallets.