article thumbnail

Choosing your direction of travel

Paul Hobcraft

They are not yet at the point of being digitally effective to turn what they have into real competitive advantage as they lack the capabilities in big data analysis and those algorithms that reveal ground-breaking innovations, Are they hanging on in the belief they will become digitally transformed eventually or just deluding themselves?

article thumbnail

Innovation Department Best Practices: A Talk with Peter Berger

IdeaScale

As an innovation director, Berger is working on projects that include the development of an all-electric vertical take-off and landing (VTOL) aircraft to be used for short-distance air travel with the ease of hailing an Uber. Push the boundaries, but don’t forget where your competitive advantages are.

Ideation 196
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Communication is the Key to Enterprise Innovation?

IdeaScale

According to Harvard Business School professor Clay Christensen, 95% of all product innovations fail after their release on the market. This helps off-site employees, freelancers and those traveling for business stay connected and continue to contribute to innovation conversations, even while on the go.

article thumbnail

The new ROI for digital innovation

Paul Hobcraft

Clearly, this emerging concept will not be easy, but it does bring together all parties to attempt to drive impact and innovate in different fields where we have bigger social challenges. The key is it does need to generate shared value for all and that is going to be a hard road to travel.

article thumbnail

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

This requires companies to proactively or reactively innovate their business models in order to remain competitive. Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation. Cases in point: Lego and Burberry.

article thumbnail

Business model innovation: a core capability for disrupting your industry

hackerearth

This means that you can alter parts of the business model and make conscious changes to create a competitive advantage. That’s business model innovation for you. How innovations in the business model create competitive advantage. Business model innovation is more challenging than process or product innovation.

article thumbnail

Business model innovation: a core capability for disrupting your industry

hackerearth

This means that you can alter parts of the business model and make conscious changes to create a competitive advantage. That’s business model innovation for you. How innovations in the business model create competitive advantage. Business model innovation is more challenging than process or product innovation.