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Collaboration in the Time of the Coronavirus: How to Innovate Effectively During a Crisis

Qmarkets

Already we are seeing some worryingly severe consequences, with global stock market volatility, consumer retail hysteria, and whole airline fleets grounded indefinitely. It will have a profound impact on virtually all aspects of business – from production processes, to HR regulations, to marketing strategies.

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Crowdsourcing Internal Innovation

Collective Innovation

Regardless of what kind of business you are in there are numerous different types of innovation that can give you a clear competitive advantage and make you more successful. Product Innovation : Creates a difference with an existing product line and existing market, usually through features. Look at a company like Hilton for instance.

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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Often it is misused as a framework for assessing a specific market or even an organization itself. PESTLED illuminates current influences, but more importantly, it alerts you to rapidly approaching changes and market dynamics across industries. It illuminates connections in the data so you can begin to defend your market value.

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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
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Official Launch of the PESTLED360

Innovation 360 Group

Innovation 360 has used this framework in many assignments and has often seen it misused as a framework for assessing a specific market or even the organization itself. PESTLED can illuminate current influences, but more importantly, it can alert you to rapidly approaching changes and market dynamics across industries.

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Building a Business Case for Innovation Management – Why Now?

Qmarkets

However, there are some benefits that are guaranteed to emerge from disruption, from continuous improvement and creating a transparent ideation process, to pivoting, and altruistic innovation. If these airlines had not innovated quickly in response to the crisis – would they have fared so well? The Opportunity in Crisis – Now or Never?

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Building a Business Case for Innovation Management – Why Now?

Qmarkets

However, there are some benefits that are guaranteed to emerge from disruption, from continuous improvement and creating a transparent ideation process, to pivoting, and altruistic innovation. If these airlines had not innovated quickly in response to the crisis – would they have fared so well? The Opportunity in Crisis – Now or Never?