Remove 2007 Remove Agile Remove Competition Remove Innovation Processes
article thumbnail

How to Spot Your Innovation Blind Spot

Phil McKinney

Accept that failure is a part of the innovation process. This approach can help you venture into unexplored territories and discover hidden innovation gems. By recognizing their blind spots and investing in innovations that others overlooked, Apple gained a significant competitive advantage.

How To 78
article thumbnail

Adapt or die: lessons from 5 companies that failed to innovate

Idea Drop

It feels like the world is moving faster than ever, which means that companies in every sector have to prioritise agile innovation or risk becoming defunct. In 2007 a small-time, ailing Netflix actually thought they were going to be acquired by the Blockbusters giant, but they decided they didn’t want to.

Company 68
article thumbnail

Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

This can result in the formation of ideas for new products and strategies, which ultimately can create competitive advantage and deliver incredible ROI. Not just because the business can ask their employees for solutions to strategic problems or for ways to increase competitive advantage, but as a way to embolden their workforce.