Competitive Rivalry Increases Risk-Taking Behavior

Michael Roberto

Intuitively, many of us probably believe that heated competition with a rival increases our propensity to take risks. Sometimes, it involves creative choices spurred by competitive rivalry. In 2003, the Patriots trailed the Denver Broncos (another key rival) by 1 point with just over 3 minutes left in the game. In this case, competitive rivalry may have led to innovation, to a beneficial form of risk-taking behavior. competition innovation risk-taking rivalry

I would recommend applying the Innovation Value Proposition

Paul Hobcraft

Back in 2003, I came across a two-page document written by a U.S.-based This “vested interest” part is why the initial value proposition I came across in 2003 hit home. Adapted from original source [link]. An innovation value proposition (IVP) is not the easiest place to go.

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A brief history of work, innovation and skills in the UK

Wazoku

1880s and 1890s – Efforts to raise productivity A growing concern about the standard of Britain’s labour force, particularly when compared with Germany and the other industrial nations, led to a rise in an emphasis on training to increase productivity and competitiveness.

Innovate or Die: Open Innovation and 4 Key Measures to Stay Alive

Innovation Walk

Traditional companies have also started to deal with a new competition since the entry of fast-emerging businesses referred to as “startups“. This is a fascinating time to be alive. Technology is rewriting the rules of humanity.

Coopetition

CREATORS

You can read part one HERE ** Do you remember who invented the liquid crystal display (LCD) back in 2003 that disrupted a whole industry and thereby brought the era of traditional tube televisions to an end?

Open Innovation and IP Contamination: Are you at risk?

Yet2

Since the introduction of the term in 2003, OI has become a way of being for companies looking to keep an edge on the competition, from large corporations to small and medium size enterprises. Open Innovation (OI) refers to the practice of accelerating innovation by leveraging ideas and technologies from outside sources.

Debunking Disruptive Innovation – Why Disruptive Innovation is Not a Strategy

Leapfrogging

The theory of disruptive innovation can indeed be helpful for understanding how technology has played a disruptive role in shaping the business and competitive landscape. Disruptive innovation has become business’ biggest paradigm.

Principles of open innovation

hackerearth

Let’s take a closer look at the principles of open innovation according to Chesbrough (2003). Source: Chesbrough (2003). What do mini-Big Bang Theory Lego, Mozilla, Facebook’s Pride Flag feature, P&G’s Connect+Develop, and Moodle have in common?

Business model creation and innovation in China: not just copycats.

The BMI Lab Blog

The American e-commerce giant acquired EachNet in 2003 for USD 180 million, with a willingness to step into the enormous Chinese market. eBay’s Chinese brand could not subsidize competition with Taobao, as long as the global headquarters demanded numbers and profits every year.

LEAN 81

Innovation – Why Bezos Succeeded, While Lampert Failed at Sears

Adam Hartung

On May 1, 2003, KMart begins trading again. He should have sold outdated brands under intense competitive pressure, such as Kenmore, to a segment supplier like Best Buy. It happened a lot faster than anyone would have imagined in 2003 or 2004.

11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

As opposed to entrepreneurship, entrepreneurial thinking is not necessarily bound to entrepreneurs (to be); it is an essential skill for ‘strengthening human capital, employability and competitiveness’ (Bacigalupo et al., Shane, 2003). 2003). Introduction.

Ideate or Deteriorate – Why Companies Must Learn How To Be Innovative to Achieve Major Growth

Qmarkets

However Kodak’s success would not last forever, and in 2003, one hundred and twenty-two years after its formation, the company had to sell most of its assets in order to avoid bankruptcy. Kodak enjoyed a short period of relative success in the late nineties when they finally made a concerted effort to enter the digital camera market, however they were not prepared for the fierce competition that mobile phones would provide and this is what lead to their bankruptcy fears in 2013.

Facebook’s Surge, Apple’s Slide and Chipotle’s Stall – It’s All About Growth

Adam Hartung

Breaking a streak of 51 straight quarters of revenue growth (since 2003) really sent investors fleeing. There is a lot more competition in the fast casual segment than 2 years ago when Chipotle seemed unable to do anything wrong. Growth fixes a multitude of sins.

Open Innovation: Convincing the Decision Makers

eZassi

This is understandable, especially since the term “open innovation” only became a part of the corporate lexicon around 2003. Open Innovation Shouldn’t Be a Hard Sell, But It Is.

Everything you need to know about innovation management software

hackerearth

O'Sullivan, 2003). Although enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process.

Do Not Follow the Herd – Sell McDonald’s and Microsoft

Adam Hartung

Office 365 revenues were up, but they are cannibalizing traditional Office revenues – and not fast enough to replace customers being lost to competitive products like Google OfficeSuite, etc. Azure is in a growth market, but it faces very stiff competition from market leader Amazon.

Innovation management software: Everything you need to know

hackerearth

O'Sullivan, 2003). Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process.

Remembering

Technology Created

“Schumpeterian Competition and Diseconomies of Scope; Illustrations from the Histories of Microsoft and IBM.” Cheltenham: Edward Elgar, 2003. “The greatest advances in human civilization have come when we recovered what we had lost: when we learned the lessons of history.”

Innovate or Deteriorate – How Can Corporations Ensure That Billion $ Opportunities Don’t Slip Away?

Qmarkets

However Kodak’s success would not last forever, and in 2003, one hundred and twenty-two years after its formation, the company had to sell most of its assets in order to avoid bankruptcy. Innovate.

Innovate or Deteriorate – How Can Corporations Ensure That Billion $ Opportunities Don’t Slip Away?

Qmarkets

However Kodak’s success would not last forever, and in 2003, one hundred and twenty-two years after its formation, the company had to sell most of its assets in order to avoid bankruptcy. Innovate.

A salute to immigrants, America’s unsung national treasure

Adam Hartung

Exactly the way all disruptive innovations grow, and thus threaten the entrenched competition. Notice that Skype was founded in 2003, and acquired by Microsoft in 2011, and it still doesn’t have a major presence as a telecom replacement.

2016 User and Open Innovation Conferences

Open Innovation

Open and User Innovation Conference: HBS, Boston, August 1-3 This year the official title of Eric von Hippel’s conference is the “14th International Open and User Innovation Conference,” acknowledging the conference’s origins as a small workshop in Vienna back in 2003. The CFPs have been issued for #OUI2016 and #WOIC2016, the premier conferences for user innovation and and open innovation (respectively). The OUI rotation brings the conference back to the U.S.,

How Telltales Told You Not to Own Wal-Mart, and Continue To Do So

Adam Hartung

In 2003 Sears Holdings was $25/share. Wal-Mart market value took a huge drop on Wednesday. In fact, the worst valuation decline in its history. That decline continued on Thursday. Since the beginning of 2015 Wal-Mart has lost 1/3 of its value. That is an enormous ouch.

“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

While the term Open Innovation was coined in 2003, in a book of the same name by Henry Chesbrough, its conceptual origins are more difficult to trace. Data such as this can prove to be invaluable in competitive vertical markets. . Using the right innovation (tool) for the job.

“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

While the term Open Innovation was coined in 2003, in a book of the same name by Henry Chesbrough, its conceptual origins are more difficult to trace. Data such as this can prove to be invaluable in competitive vertical markets. . Using the right innovation (tool) for the job.