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Crowdsourced Innovation: Three Things I Learned

IdeaScale

Innovation is Required to Be Competitive. This means that companies need to continuously innovate if they want to remain competitive in the market. In fact, Netflix crowdsourced its innovation process by paying 1 million dollars to the people who figured out how to improve its recommendation algorithm from 2006 to 2009.

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What is a creative “Flow State”? And how can I achieve it?

Idea to Value

Friendly competition can help give you something to measure yourself against.”. What is also interesting is that the likelihood of a person enter a flow state depends on the level of challenge and skill the activity requires, compared to the participant’s current capabilities. Was the shot good? The color on the canvas right?

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We require a more dynamic view of Innovation understanding.

Paul Hobcraft

In any competitive situation, the survival of the fittest dominates (Darwinian). Paul Hobcraft and Agility Innovation Specialists, all rights reserved, a journey that continues to pursue the innovation dynamics studies and suggested frameworks 2009 – 2023. Fitness Landscapes as a solution has its roots in Darwin.

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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. Why shouldn’t you just give up on innovation when times are tough?

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It’s “health care”: 3 reasons why 2 words can help transform an industry

Christensen Institute

Late Harvard Business School professor, Clayton Christensen, even said in his 2009 Mayo Transform presentation , “a general hospital actually is not a viable business model. In the absence of philanthropy, subsidy, and heavy regulation, most would collapse under their own weight.”

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Innovation and the rapidly changing world of photography

Jeffrey Phillips

This of course follows on Kodak's decision to stop manufacturing film for most cameras, which occurred in 2009. Understanding the job that the customer wants to do, and how that job is changing, is vital to sustain a competitive advantage. If only they could have imagined how to make their photos digital and shareable.

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Competitive Rivalry Increases Risk-Taking Behavior

Michael Roberto

Intuitively, many of us probably believe that heated competition with a rival increases our propensity to take risks. As a New England Patriots fan, I immediately think of Bill Belichick's ill-fated decision to go for it on Fourth and 2 yards to go from the Patriots' own 28 yard line against the Colts in 2009.