article thumbnail

How to Avoid Disruption with SODA

BrainZooming

Orient – Take advantage of your diverse leadership team to assess where your business is (or could be) potentially losing competitive advantage. Decide – Regularly asking and answering a set of strengths- and weaknesses-oriented questions to help identify important strategic drivers and priorities. We are really fantastic at __.

article thumbnail

Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

Research confirms: development of exploration in parallel to exploitation capabilities proves to be mandatory for established companies in order to compete successfully and sustainably. One way for established organizations to strengthen exploration is by developing internal capabilities in order to overcome their inherent inertia.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sorting through our Innovation Management Tools

Paul Hobcraft

Shared language : tools align teams around a visual concept, making complex ideas clearer with an image. Get the facts : Every tool has strengths and weaknesses. Among them: Overall satisfaction with tools is moderately positive, but the rates of usage, ease of implementation, effectiveness, strengths and weaknesses vary widely.

Tools 100
article thumbnail

The Importance and Benefits of Ensuring Data Quality

Acuvate

But unlike oil, extracting, maneuvering, filtering, refining and storing the continuous stream of data from various internal and external sources is a herculean task. But organisations which have focused and achieved high data quality to a degree have benefited in the highly competitive markets. Wrapping Up.

Data 72
article thumbnail

What do most innovative companies have in common?

hackerearth

The increasing competition for customers, market share, and talent in almost every industry demands an innovative approach to business. Not only is innovation necessary for enhancing competitive advantage, it is a requirement for businesses to thrive as well as survive. They adhere to lean principles of product development.

Company 77
article thumbnail

A better way: combining Business Intelligence with Design Thinking

mjvinnovation

Big Data: data analysis is what really matters. The available data is not only useful for outlining a consumer profile on the internet. In the movie Moneyball, for example, a coach facing the challenge of running a low-budget baseball team decides to employ data analysis to improve the performance of his players.

article thumbnail

A better way: combining Design Thinking and Business Intelligence

mjvinnovation

Big Data: data analysis is what really matters. The available data is not only useful for outlining a consumer profile on the internet. In the movie Moneyball, for example, a coach facing the challenge of running a low-budget baseball team decides to employ data analysis to improve the performance of his players.