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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. This can require significant marketing and sales effort to change.

Strategy 257
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Building an Agile & Innovative Organization

Idea to Value

So, an innovative and agile organization is one that can change, adapt, and constantly introduce new things, be it improved, products, services, or processes, that create more value. For example, there are often processes that are specifically designed to eliminate risks and control change. Thus, for most, the journey won’t be easy.

Agile 302
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Blockchain: Distributed Shared Ledger Technology in Banking

hackerearth

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. But when it comes to intra-organizational processes, challenges arise due to process design and lack of mutual trust. Areas of impact. Sample use cases.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

By definition, it refers to the introduction of groundbreaking products or services that fundamentally change market dynamics, often rendering existing solutions obsolete. Defining Discontinuous Innovation Discontinuous innovation introduces significant technological leaps or entirely new business models , much like radical innovation.

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The Art of Decision-making as an Innovation Leader

Idea to Value

These are without a doubt all very important topics, but they still pale in comparison to decision-making. The end result is that you do a lot of work and spend a lot of money only to figure out that the initial plan just won’t work without major changes to it once you encounter that existential challenge.

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Creating the Industrial Ecosystem

Paul Hobcraft

The day before the main event I was included in the Industry Analysts visit to the Siemens Technology Center, at Neuperlach in Munich. We were provided a variety of insights in different presentations and demonstrations, of the technology they are working upon. Siemens is in some highly competitive industrial markets.

Industry 187
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Urgent Message for CMOs of Challenger Brands

Brunner

The result of that impact has revealed where businesses have significant gaps in digital readiness (especially challenger brands that may be at a competitive disadvantage with digital investment and scale). I f the world was already operating at a fast pace pre-Coronavirus (COVID-19), that speed of change has now hyper-accelerated.