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Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

job losses skyrocketed during the peak recession years 2008-2010 Given the devastating impact of the 2007-08 financial crisis, it’s little wonder that companies worldwide are sensitive to omens of a new “great recession”. Read on to discover how you can transform a recession into a rejuvenation.

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

hackerearth

What is idea management? Top management world over is now running helter-skelter demanding innovation. And somehow, it would seem tremendously wrong if the C-Suite don’t turn to their employees, who are in the thick of things, for ideas that improve efficiency and cut costs. What are the phases of idea management?

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9 Way Bailey’s Irish Cream Can Help You Innovate

IdeaScale

to reflect on how great ideas become reality. Specifically, let’s consider the invention of Bailey’s Irish Cream and what it can teach us about idea management strategies that can support and amplify successful ideas. Lesson Three: Good Ideas Require Experimentation and Refinement.

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How to Keep Innovating in an Economic Downturn

Innov8rs

As McKinsey points out , organizations that focused on innovation even during the 2009 crisis, outperformed the market average by 30% and their growth continued to accelerate the following years as well. For example, Delta Air Lines, one of the leading airlines, managed to get back to their leading position even after bankruptcy.

How To 105
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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. Each CEO was so ignorant of history that they presented the same business plan over and over again, until Netflix was ready to take their market share with a bulletproof online offering.

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Ideate or Deteriorate – Why Companies Must Learn How To Be Innovative to Achieve Major Growth

Qmarkets

This invaluable resource contains countless ideas which have the potential to generate dramatically valuable business results, yet at many organisations it remains untapped. Since the turn of the century, Kodak’s focus has slowly shifted towards digital printing, and it is thanks to this venture that the company has managed to stay afloat.

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Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

Ideas – The Most Essential Innovation Asset Idea management is the process of finding, developing, and implementing ideas on an enterprise level. In this process, when ideas are submitted, they often follow clear parameters set by the organization. Strategically making steps towards increasing your market share.