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CPG Industry Innovation

eZassi

Open Innovation is a proactive strategy complementing your R&D department. Lafley, former CEO of Proctor & Gamble, set in motion a proud culture of Open Innovation for P&G’s product development strategy. Following the competition and battling over market share is not a viable strategy.

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How to Keep Innovating in an Economic Downturn

Innov8rs

Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds. Usually, you need innovation for that, which means that you either adapt to current challenges or lag behind the competition. Organizations should make changes in their strategy, governance, engagement, and incentives.

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Innovation Strategy – Pat McGauley and a New Beer in Town

BrainZooming

What’s the story on the innovation strategy for beer? Rather than playback the various innovation strategy stories Pat McGauley shared, here is a sampling of quotes and points he made that stood out as great thought starters: Not all innovation strategy inside a company is created equal. Pat formed two innovation teams.

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Life Lessons from the Game of Golf

Tullio Siragusa

In the game of golf, the only competition you face is yourself.”. There is a fundamental problem with this strategy. By competing with others, you end up within a zero-sum strategy. The economic crash we had in 2008 was a testament of what happens when we consume more than we produce, when we take more than we give.

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The Travel & Hospitality Industry is Being Disrupted, Again.

Leapfrogging

The “travel-tech” sector has attracted over $19B+ since 2008. The greatest growth and competitive advantage – for startups and corporate innovators alike – will come from leveraging technology to: Create new products and services Enhance the end-to-end traveler experience Streamline operations Innovate business models.

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Preparing for recovery before it’s too late

Strategos

Discontinuities are significant, fundamental changes that have the potential to change industry dynamics, redefine the rules of competition. When we come out of recession, the market and competitive landscape will have changed, customers needs will have evolved, and you will need new competencies. Update the discontinuities.

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How much is innovation costing your organization?

Innovation 360 Group

Ultimately, the market evolved to support a declining price based on competitive price pressures, and that is good for everyone. Much like our discussion above regarding competitors, companies who take advantage of the “network” of customers can sometimes harvest significant competitive advantage. Penker (2008-2011).