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Cracking the complexity code

Paul Hobcraft

There was a good article within the McKinsey Quarterly published way back in 2007 entitled “Cracking the complexity code,” written by three authors Suzanne Heywood, Jessica Spungin, and David Turnbull. This is the area of strategic impact as these can limit competitive advantaged from the level of innovation intensity chosen as an example.

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The Importance of Prioritizing Employee Well-Being and Psychological Safety

Business and Tech

Well-being isn’t just a perk, it’s a competitive advantage. My turning point came in 2007, when I collapsed from exhaustion and broke my cheekbone. Turning culture into a competitive advantage is a pretty complicated topic. What was the turning point that made you realize your workplace burnout was beyond the point of comfort?

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How to Spot Your Innovation Blind Spot

Phil McKinney

For example, while driving, there are areas around your car that you cannot see, whether it's on the sides or behind the car. Confirmation bias, for example, can lead us to favor information that confirms our existing beliefs or ideas, leading us to overlook or ignore potentially innovative ideas that challenge our current view.

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Avoid the Iridium Moment

Destination Innovation

Another example given by Ismail is Nokia’s purchase of Navteq for a staggering $8B in 2007. This would give it a strong competitive weapon against Apple and Google. Navteq was the dominant player in in-road traffic sensing equipment.

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Innovative Businesses Prioritize Creativity

Daniel Burrus

For example, Citibank started as the City Bank of New York in 1812, making them over 200 years old! 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. Let’s go back to our example of Citibank, for instance.

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How to Keep Innovating in an Economic Downturn

Innov8rs

We’ll also provide a series of practical tips and examples that can help address the changes, embrace new opportunities, and navigate these challenging times. Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds. So, without further ado, let’s get to it.

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Innovation’s New World Order

Innovation in Practice

How and where innovation is performed matters: As Harvard Business School professor Michael Porter, author of classic texts on corporate strategy and the competitive advantage of nations, has noted, “Innovation is the central issue in economic prosperity.”. Most of this spending is being conducted by companies from Europe and the U.S. ,

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