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Forget products, innovate your business model

Jeffrey Phillips

Tesla is trying to disrupt automotive sales and distribution, attempting to sell directly to consumers rather than through dealers. Product innovation is interesting, and every company should have active, on-going innovation to spawn new products and services. The list goes on and on.

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Your Guide to Fueling Enterprise Innovation in the Transport Industry

Qmarkets

As we’ll see, some of the key trends promising to shape the automotive, aeronautical, and railway transport industries in the years ahead should provide exciting reading to organizations in those industries…but only if they act on them. And do your product innovations have a knock-on effect that requires new services to sit alongside them?

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Transport Innovation: Your Guide to Driving Industry Innovation

Qmarkets

As we’ll see, some of the key trends promising to shape the automotive, aeronautical, and railway transport industries in the years ahead should provide exciting reading to organizations in those industries…but only if they act on them. And do your product innovations have a knock-on effect that requires new services to sit alongside them?

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At the digital transformation and innovation crossroads

Jeffrey Phillips

Business models, channels, data and experiences So where does innovation and digital transformation meet? The problem with innovation to date has been a fixation on product innovation, constantly updating or inventing new products, but with little exploration beyond the product.

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Your Guide to Incremental Innovation: Examples and Lessons from Global Brands

Qmarkets

An electronics company might incrementally innovate its supply chain to make it more efficient, or continuously find ways to improve its products’ battery life. Incremental innovations can be broken down into three main types: incremental product innovation , incremental service innovation , and incremental process innovation.

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Why platforms and ecosystems matter for innovators

Jeffrey Phillips

I thought it would be interesting to take a step back and place the discussion of ecosystems and innovation in context by examining the history of innovation, to demonstrate why ecosystems and platforms become important as a market or industry matures, and why innovators must engage ecosystems and platforms as they compete in a market.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

The following six key types of innovation in business each serves a distinct purpose, together comprising a comprehensive innovation strategy that touches upon different aspects of business operations and market positioning. Key principles of the TPS include just-in-time manufacturing and a strong focus on optimizing the workflow.