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Pace of Innovation – The Ultimate Competitive Advantage

Idea to Value

When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation.

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How Data-Driven Decisions Help Restaurants Stay Competitive

Harvard Business Review

To remain competitive, restaurants need to change the way they approach business decisions; they need to shift focus from food cost to revenue management and exploit opportunities for scaling up.

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Good Judgment Is a Competitive Advantage in the Age of AI

Harvard Business Review

He argued that judgment will be the real competitive advantage for organizations as AI systems rise to new common operating standard. Alessandro believed in putting humans at the center and considered technology to be a way to help people augment their creativity, autonomy, and critical thinking.

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An Innovation Competition is a Great Way to Influence Culture

InnovationManagement

In a 2017 Harvard Business Review article, Anna Steinhage, Dan Cable, and Duncan Wardley talk about the impact competition can have in a workplace. The post An Innovation Competition is a Great Way to Influence Culture appeared first on InnovationManagement.

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Cultivating A DEI Garden Where Seeds of Innovation Grow into Creative Breakthroughs

To thrive from unprecedented challenges and sustain organic growth in a globally competitive environment, we must leverage innovation as a driving force, along with agility, adaptability and resilience. That is where nurturing a cultural foundation for innovation starts.

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VRIO Framework: How to Create a Sustainable Competitive Advantage

Cascade Strategy

Like most organizations, we're always striving to find a competitive advantage that propels us in front of our competitors. But, even when you create a competitive advantage, oversaturated markets and technological advancements mean it's never long before competitors are able to replicate your competitive advantage.

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Top 10 Human-Centered Change & Innovation Articles of May 2023

Innovation Excellence

Drum roll please… At the beginning of each month, we will profile the ten articles from the previous month that generated the most traffic to Human-Centered Change & Innovation. Did your favorite make the cut?

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