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Optimizing R&D Resources: Strategies for CTOs and Innovation Leaders

ITONICS

In the past decades, research and development (R&D) expenses have surged across various industries. Between 2007 and 2022, corporate R&D spending grew with a CAGR of 5.2%, underscoring the importance of R&D in driving future growth and market differentiation ( Global Innovation Tracker, 2023 ).

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How Should Your Business Find the Next Big Thing?

IdeaScale

And how do you balance the two to find the next big thing in your industry? Netflix’s streaming video model seems blindingly obvious now, but stop and consider the state of television in 2007. The former is disruptive innovation and although rare, it can happen, while the latter is incremental innovation. Disruptive Innovation.

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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. Lastly, stay informed about new trends and advancements in your industry. Regularly attending webinars, reading relevant publications, and engaging in industry forums can help you stay at the forefront of innovation.

How To 78
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Invent IT: Lufthansa Intrapreneurs Program

Innovation Excellence

Lufthansa Systems, IT services provider in the airline industry with over 300 airline customers, initiated an Intrapreneurs program named Invent IT in 2007-2008.

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Continuous Improvement and Breakthrough Innovation: Why You Need Both

IdeaScale

The iPhone was considered a true innovation back in 2007, opening up an entirely new approach to telecommunications and changing how people used phones forever. It’s why any financial advisor will tell clients to start saving for retirement yesterday; small steps add up astoundingly over time. Breakthrough Innovation.

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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. Keeping Your Organization Comfortably Creative.

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Shifting innovation from a vague buzzword to a mechanism of progress

Christensen Institute

This relentless focus on what consumers and customers value allows them to remove the barnacles of old thinking that are often inflicted by industry boundaries. Business models that delight are not defined by industry boundaries and traditional corporate structures.

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