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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

This idea quickly became popular in technology companies and areas like Silicon Valley where it was used as evidence of a need to launch first (even if you didn’t have a working product), spend big on marketing and get customers at any cost. And competition has its advantages. It is a classic example of survivorship bias.

Strategy 257
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Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

One of industry standard answers comes from research by Deloitte Partners Bansi Nagji and Geoff Tuff, in their groundbreaking 2012 article in Harvard Business Review: Managing your innovation portfolio. But what does a well-balanced innovation portfolio look like? The 70-20-10 ratio was always an average though. Well, that depends.

Project 284
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The Top 5 Technology Trends That Will Drive Innovation in 2018

hackerearth

Innovation is never easy, and in today’s world where everything is becoming digital, innovation is technology first and quite complex. photo editing software), and technology push (e.g. Samsung Galaxy with touchscreen technology in 2012). Whatever your business model, emerging technologies will be a key driver.

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Agile Strategy – 16 Strategic Thinking Questions to Explore Disruptive Innovation

BrainZooming

Fanatics introduced disruptive innovation to its marketplace with an agile strategy. It employs technology, focused creative teams, new manufacturing processes, and communications to remove time and waste when creating post-sporting event apparel featuring the winners and exciting story lines. Developing an Agile Strategy.

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How to create a scalable strategy in the midst of the COVID-19 crisis

mjvinnovation

Companies had to take extreme measures to adapt their processes and recalibrate their strategies. Even before the pandemic, entrepreneurs already had a difficult time remaining relevant in an increasingly competitive market. Scalable: a profession, activity, or strategy that does not require full dedication to achieve the result.

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Innovation and the Benefits It Can Bring to a Company or an Organization

Innovation 360

In a study conducted in the year of 2012 to 2013, it showed that twice the proportion of businesses in innovation has increased their productivity. Lead to more competitive advantage. The most effective, most reliable and most dependable strategies relevance to innovation will help a company to stay in the game.

Company 40
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Why Understanding 1 Retail Trend Is Worth 50% More Than All of WalMart

Adam Hartung

Same store sales were also up 1%, but analysts pointed out that was largely due to lower prices to hold competitors at bay. While investors cheered the news, at the higher valuation WalMart is still only worth what it was in June, 2012 (just under $70/share.) It was only $1.1B on $115B, about 1%, but it was UP!

Trends 39