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Continuous Improvement and Breakthrough Innovation: Why You Need Both

IdeaScale

The British cycling team used incremental improvements to go from also-rans to winning seven of ten gold medals in the 2008 Olympics. Yet even that breakthrough innovation was built upon decades of smaller innovations in telecommunications, internet technology, and computing technology. It doesn’t just work in business, either.

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CPG Industry Innovation

eZassi

P&G leads with a relentless pursuit of innovation, constantly reinventing the consumer personal care experience by developing an innovation portfolio based off new technologies, customer input, and emerging trends. 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. In times of crisis, consumers cut on spendings deemed unnecessary like technology.

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The Travel & Hospitality Industry is Being Disrupted, Again.

Leapfrogging

Each month I’m tapping into the industry expertise and experience of one of Plug and Play’s 15 industry verticals to highlight the disruptive trends, technologies and companies shaping the future. The “travel-tech” sector has attracted over $19B+ since 2008. It recently raised $50 million to drive growth.

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

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. It’s estimated that a loss of more than $2 trillion in world-wide economic growth occurred between the second quarter of 2008 and the first quarter of 2009.

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When tough times are ahead, you should double down on innovation

Idea to Value

For example, during the 2008-09 financial crisis, most companies cut their technology budgets by 20-30%. That obviously meant quite a bit of trouble for most technology companies. Their effects will stick around for a long time and can even become a clear competitive advantage for the business going forward.

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The Innovation Intensity needed in the Energy Transition

Paul Hobcraft

We need to accelerate innovation and technology adoption. The IEA assesses the status of 46 critical energy technologies and sectors and offers some general advice on how to get “on track” with this SDS approach. No one is going to stop investment in proven, tested technology, processes.

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