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How Benchmarking Against Market Leaders Can Drive Business Success

Leapfrogging

Even worse, your business may end up being disrupted by the next big innovation that comes on the market. They measure what is working within the organization, and more importantly what isn’t, in order to gauge what needs to change. Look at your competitive set and determine which companies you want to compare yourself with.

Marketing 100
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5 Innovation Lessons from the Backstory of OpenTable.com

Leapfrogging

He eventually honed the scope and changed the name to OpenTable. We want to be the OpenTable of X” (with X referring to a market outside of dining) became a familiar phrase in Silicon Valley following the company’s market success, and remains so today. Find a Good Name But Recognize It May Change.

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Five Unicorn Scaleup Strategies

Leapfrogging

based software companies started since 2003 and valued at over $1 billion by public or private market investors. Where startups search for product/market fit and consistency in customer retention, ScaleUps search for scalable product/ market fit, or go-to-market fit.

Strategy 130
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How to use the 70-20-10 Rule to drive innovation within your business

Leapfrogging

The basic premise of the 70-20-10 Rule is that if the organizational stakeholders consistently makes small improvements to their existing line or enters into new markets, they will sustain the organization without ever evolving it to remain competitive with changing times. Magazine , a globally recognized?

How To 130
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You can't burn data

Jeffrey Phillips

This comparison was strong enough to lead Wired magazine to define data as the new oil in a magazine article some years ago. But raw oil isn't all that useful until it is refined, and sweet crude from Texas is easier to turn into marketable products than Venezuelan oil. On the surface, this comparison seems to make some sense.

Data 157
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FinTech and Machine Learning

IdeaScale

These programs can grow and change on their own once they know how to learn and some financial companies are beginning to use machine learning for a variety of different reasons. When people talk about machine learning they are a referring to a type of artificial intelligence that has the ability to learn without explicit programming.

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DISRUPTIVE THINKING

Michael Michalko

This example comes from the ultra-competitive drinks industry. They marketed a new kind of drink that is expensive, not especially tasty unless mixed with other drinks, but which is ‘functional’ in the sense that it gives you energy/wings. But, that is exactly what Red Bull did. Those people are right, to an extent.