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Crowdsourced Innovation: Three Things I Learned

IdeaScale

I didn’t realize how important crowdsourced innovation really is in the business world! Innovation is Required to Be Competitive. This means that companies need to continuously innovate if they want to remain competitive in the market. Creating a Concrete Innovation System Helps Firms Get Ahead.

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How much is innovation costing your organization?

Innovation 360 Group

Ultimately, the market evolved to support a declining price based on competitive price pressures, and that is good for everyone. Much like our discussion above regarding competitors, companies who take advantage of the “network” of customers can sometimes harvest significant competitive advantage. Penker (2008-2011).

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PokeMon Go – How Nintendo Beat Microsoft and Sony With an End Run

Adam Hartung

Nintendo launched the Wii in 2006 and it was a sensation. Unit sales exceeded 20m units/year for 2006 through 2009. Sony and Microsoft both invested heavily in their competition. In fall, 2014 Microsoft raised the competitive ante, spending $2.5B A bit of history. Gamers could do things not previously possible.

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The Life Sciences Industry: Decision Making from Batch to Continuum

IdeaScale

Be it identifying the right drugs or how to launch a drug – digital is omniscient. Between 2006 and 2013, there was a seven-fold increase in data curation jobs (job trends from www.indeed.com). Technology is also playing spoilsport to the breakthrough party.

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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., 2006) and are more likely to be created by making new and unique combinations (S. Shane, 2003). Neck et al.

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In defense of industry-agnostic innovation management

David Marks

Companies get away with it because most of the time the competition does indeed comes from existing players. And with so many different technology breakthroughs these days, how should one know which to focus on? Back in 2006 the duo reigned supreme in the mobile phone market. A ‘better the devil we know’ attitude. Say no more.

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Why take an industry-agnostic approach to innovation

David Marks

Companies get away with it because most of the time the competition does indeed comes from existing players. And with so many different technology breakthroughs these days, how should one know which to focus on? Back in 2006 the duo reigned supreme in the mobile phone market. A ‘better the devil we know’ attitude. Say no more.