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Is Innovation a Competitive Advantage?

Carla Johnson

Once one of the most popular smartphones in the world, Blackberry’s stock dropped by 94% between 2007 and 2016. A lack of realizing that innovation should be a competitive advantage. Amid their roaring success in the business world, Blackberry didn’t fight to keep its competitive. appeared first on Carla Johnson.

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Fly, Crash, Adapt

Destination Innovation

Paul MacCready (1925 – 2007) was an aeronautical engineer and inventor of the first human-powered aircraft. This motivated him to enter the Kremer competition which offered a reward for the first human-powered flight. He died in 2007 from a melanoma. Insights for Innovators. Contests and prizes can motivate innovators.

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Continuous Improvement and Breakthrough Innovation: Why You Need Both

IdeaScale

Innovation has to come from somewhere. How businesses conduct operations on a daily basis can encourage or discourage breakthrough innovation. Even though it is the breakthrough innovations that grab headlines, continuous improvement can produce astounding results over time. Breakthrough Innovation. Here’s why.

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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. 3) There is designed in complexity , where innovation needs to fit more. The challenge of complexity within innovation.

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How to Spot Your Innovation Blind Spot

Phil McKinney

The same applies to innovation. We all have areas where we are unaware, uninformed, prejudiced, or unappreciative of certain things, and this makes it difficult to recognize an innovation. This is referred to as an innovation blind spot. What is an Innovation Blind Spot? What Causes an Innovation Blind Spot?

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Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. You don’t need to “reinvent the wheel” for small but innovative changes in your business model, instead get inspired by existing concepts in other industries and apply them to your business model.

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Innovative Businesses Prioritize Creativity

Daniel Burrus

One problem we witness too often in society is the treatment of creativity and business innovation as mutually exclusive occurrences. Most notably, older organizations are the ones that place creativity in one column and positive disruptions via innovation in another. And why might a company lack innovation? The Test of Time.