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The Next Supply-Chain Challenge Isn’t a Shortage — It’s Inventory Glut

Harvard Business Review

In 2009, the financial crash left manufacturers with excess inventory when consumer buying power suddenly dropped. And now, the high-tech industry is feeling the weight of a volatile market that has led to excess component inventory. Inventory challenges aren’t new. Electronics littered shelves in 2001 after the dot-com bubble burst.

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How to Keep Innovating in an Economic Downturn

Innov8rs

This dichotomy delivered by the financial pressure is unfortunately pushing many leaders and top managers towards suboptimal decisions that tend to focus more on survival and not enough on investing in the future. For example, Delta Air Lines, one of the leading airlines, managed to get back to their leading position even after bankruptcy.

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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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Typology for Innovative Organizations

Open Innovation EU

To my opinion, Mintzberg’s work was a refreshing change to the world of organization design that until then has been largely influenced by Taylor’s Scientific Management Approach and Henry Ford’s efficiency-based adaptation of that. Why this typology: innovation management in organizations. Academic Relevance.

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How to Boost Innovation by Recycling Existing Ideas

IdeaScale

This lightweight, technologically proficient reinvention of existing MP3 players was an global phenomenon that has since sold more than 400 million units since 2001. Businesses can deploy these same principles within their own innovation strategies. ” The end result was a 6.5 This is where IdeaScale can help.

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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. Another definition hinting at its pivotal role in innovation is this: “Idea management is facilitating the flow from idea generation to idea conversion in the innovation value chain” (Hansen & Birkinshaw, 2007).

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How To Lead Through Crisis

Innovation Excellence

In many ways, our business never really recovered, but the lessons I learned while managing through it will last a lifetime. Chan Kim and Renée Mauborgne popularized the notion of a Blue Ocean Strategy , which focuses on new markets, rather than fighting it out in a “red ocean” filled with rabid competition. Look For Dead Sea Markets.