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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

These seven companies lost out on entering major new markets, got acquired by competitors, or accumulated billions on bad bets, all by failing to innovate or grasp the value of their innovations. Its photography and writing exposed many people around the world to a variety of different cultures. National Geographic.

Company 130
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What do Blue Lobsters Have to do With Innovation? Everything!

Mills-Scofield

Blue Lobster at the South Bristol Coop , 2004. They think they’re innovative because they make something in green instead of just red, but they stick with their industries, markets, customers, and (usually dying) business models. What’s with blue lobsters? Well, a blue lobster is rare, about 1 in 2 million , and very beautiful.

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What do Blue Lobsters Have to do With Innovation? Everything!

Mills-Scofield

Blue Lobster at the South Bristol Coop , 2004. They think they’re innovative because they make something in green instead of just red, but they stick with their industries, markets, customers, and (usually dying) business models. What’s with blue lobsters? Well, a blue lobster is rare, about 1 in 2 million , and very beautiful.

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Why Business Strategy Shouldn’t Be “Scientific”

Innovation Excellence

In 2004, I was leading a major news organization during the Orange Revolution in Ukraine. When it was flying high, it was said to have an unparalleled culture with happy people who worked long hours but loved every minute of it. When the market tanked, however, all of the sudden its culture came to be seen as “cocksure” and “naive.”.

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Innovation Management: Importance, Ideas, and Examples

Acuvate

So why not ignite the culture of ideation among employees? Building a culture of innovation that drives productive and sustainable innovation practices can spark more ideas from within your workforce helping organizations remain competitive & stay ahead in the long haul. Importance of innovation management. SCOTT BELSKY.

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Average company lifespan has shrunk to 10 years – Don’t be average!

Innovation 360 Group

Toys R Us had 14 percent of the toy market and $7 billion in revenues just before it was dissolved completely. It can happen due to reasons out of your control, like changing cultural values, changing technology, or shifts in customer demographics. Kodak had one of its most profitable years in the months before it went bankrupt.

Company 53
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Innovate or Die: Open Innovation and 4 Key Measures to Stay Alive

Innovation Walk

in 2004 to 8.3% Today, Open Innovation is no longer a simple flow of ideas, people and knowledge, but a profound cultural, organizational and strategic transformation that companies need to establish to adjust to the latest market trends. However, more than 60% of replaced televisions were still functioning in 2012.