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How to Spot Your Innovation Blind Spot

Phil McKinney

Be curious and invest in learning about new industries, trends, and technologies. By recognizing their blind spots and investing in innovations that others overlooked, Apple gained a significant competitive advantage. However, with technological advancements and innovation, autonomous vehicles have now become a reality.

How To 78
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Innovative Businesses Prioritize Creativity

Daniel Burrus

Some have been through the Great Depression, world wars, the Great Recession of 2007–09, and now, most recently, the coronavirus pandemic and subsequent economic downturn. The Test of Time. Older organizations, especially those as old as Citibank, have been through a lot. And why might a company lack innovation?

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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.

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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. Although Kodak had early access to the first digital camera technology, they chose not to develop it as they felt it would kill their own film business.

Company 68
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How to create a scalable strategy in the midst of the COVID-19 crisis

mjvinnovation

Even before the pandemic, entrepreneurs already had a difficult time remaining relevant in an increasingly competitive market. We have been doing this for years through Agile Methodologies. Currently, it is among the main technological trends in the world. Constant strategic redesign. RPA to automate your processes.

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Becoming Real Innovators

Technology Created

Most companies have a well-rehearsed list of the attributes of successful innovation: brainstorm, think outside the box, fail fast, be agile, follow a lean startup approach, build a minimum viable product, ready fire aim, pivot, etc. ” Research Policy 36 (2007) 274–287 The Structure of Invention (n.d.): 3] [link]. [4]

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Designing for Harmony

Boxes and Arrows

After enjoying almost total market domination, Intuit finally was beginning to face some competition. In 2007, Scott Cook had another important insight: He realized that he’d never be Steve Jobs. In 2007, Bennett stepped down and the current CEO, Brad Smith, took over. Inspiring innovation by democratizing design.

Design 104