article thumbnail

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).

article thumbnail

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. Back in 2006 the duo reigned supreme in the mobile phone market. Firstly, processes to validate assumptions so that decisions can be made based on facts (And not the identity of the ideator). Then came the iPhone.

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 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. Back in 2006 the duo reigned supreme in the mobile phone market. Firstly, processes to validate assumptions so that decisions can be made based on facts (And not the identity of the ideator). Then came the iPhone.

article thumbnail

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. Back in 2006 the duo reigned supreme in the mobile phone market. Firstly, processes to validate assumptions so that decisions can be made based on facts (And not the identity of the ideator). Then came the iPhone.

article thumbnail

PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

In 2006, the massive Tower fell, going from profitability to bankruptcy in a few years. Once an innovation project or a series of projects has begun, things move quickly, so it’s important to have the correct framework in place for making decisions at each step from initial ideation to final commercialization.

article thumbnail

7 Key Benefits of an Idea Portal for Enterprises Copy

Qmarkets

This accelerated process enables companies to stay competitive and respond promptly to market changes. In 2006, IBM organized a massive online brainstorming session that included employees, partners, and clients from across the globe.

article thumbnail

7 Key Benefits of an Idea Portal for Enterprises

Qmarkets

This accelerated process enables companies to stay competitive and respond promptly to market changes. In 2006, IBM organized a massive online brainstorming session that included employees, partners, and clients from across the globe.