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Eleven Reasons for the UK’s Poor Productivity

Destination Innovation

According to the Office for National Statistics (ONS) UK productivity has fallen to levels it held in 2007. This is the key reason why wages, growth and competitive performance are all held back. Why is this and what can be done about it?

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Understand Trends, Identify Strategic Fields of Innovation and Create something entirely New

ITONICS

Companies who can quickly identify changes and even weak signals in their environment and react to them before the competition does will gain a decisive competitive edge (Pillkahn, 2007). Trend management process (following Durst et al., The picture is more differentiated when looking at the trend management process.

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How to Keep Innovating in an Economic Downturn

Innov8rs

Why shouldn’t you just give up on innovation when times are tough? Here are just a few of the arguments that explain why commitment to innovation can bring great results even when you’re facing financial difficulties. Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds.

How To 105
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The Role of Innovation in New Product Development: Three Approaches for Success

Qmarkets

Crowdsourcing allows businesses to target internal and external participants to share their ideas and suggestions via questionnaires, competitions, promotions, and other methods. Of course all phone companies employ incremental innovation with annual upgrades, but the key to Apple’s success is the company’s customer centric approach.

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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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What is idea management and why is it important for any business

hackerearth

Visualize this: You continuously get incredibly innovative ideas from your own workforce. Ideas that, if materialized into innovative products or services, align with your organization’s goals, increasing revenues and keeping competition at bay. In idea management, you “capture” an idea to make it real via an organized system.

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

Idea Drop

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. Price, branding, competitor offering and even convenience are all equally important, and you need to tick every box to stay competitive. Lesson: If you don’t do it, someone else will.

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