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Trust the Customers, Not the Experts

Destination Innovation

When he returned to England in 2002, he endeavoured to raise funding. In 2002 he was successful in gaining a grant from the Prince’s Trust who also provided him with a mentor and business advice. After graduating he developed this idea and presented it to luggage companies who thought it was a toy.

Design 316
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What impact does time pressure have on creativity?

Idea to Value

Diamonds are formed under pressure There are numerous examples of companies who allowed staff to take time to work on their own innovations and creative ideas. There are also countless examples of people who say they work best under pressure, using the deadlines as a motivation to get their best work done.

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Digital transformation examples

Board of Innovation

Digital transformation examples How do you structure a digital transformation process, who needs to be involved, where to start? Below there is a list of pilot case & examples that are part of larger digital transformation initiatives. Table of contents 9 insights from our corporate innovation journey. Unplug from the organization.

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Self-Serving bias: Why you think nothing is your fault

Idea to Value

This is an example of a common cognitive bias which we can all suffer from, known as the Self-Serving bias. What is a concern is that since the 1960s, meta-analyses have shown that people in 2002 believe their locus of control is decreasing and becoming more external. There was debate as to whether this bias was indeed fact or fiction.

Study 188
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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002). And what does the customer value? How do we make money in this business? What is the underlying economic logic that explains how we can deliver value to customers at an appropriate cost?”

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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

In 2002, Circuit City looked at the retail landscape, saw success in its future, and decided CarMax needed to be its own company. Seeing the writing on the wall, Compaq sold itself to Hewlett Packard in 2002. Take coffee, for example. They spun it off, giving the shares it owned to Circuit City investors as a dividend.

Company 130
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Sustaining a Healthy World Through Growing Crop Health

Business and Tech

For example, according to the University of Missouri , a crop of healthy soybeans can naturally add 15 to 60 pounds of nitrogen back into one acre of soil, an essential nutrient for plant growth. This technology can potentially improve environmental sustainability by reducing the over application of fertilizers, seed, and herbicide.”.

Resources 130