article thumbnail

Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

article thumbnail

What Does a Chief Innovation Officer Do?

IdeaScale

In this survey from 2015, researchers report that 43% of large companies have some sort of top innovation executive in place, which was up from 33% in 2011. We continue to see more and more Chief Innovation Officers at the enterprise level. But what does a Chief Innovation Officer do? Well, here are a few of their responsibilities.

Ideation 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

71 Innovation Methodologies

Open Innovation EU

Focus stage: Maturity Published: 2011 more…. Focus stage: Early-stage Published: 2011 more…. Focus stage: Early-stage Published: 2011 more…. Design Competitions. Focus stage: Maturity Published: 2011 more…. Focus stage: Growth Published: 2015 more…. Focus stage: Maturity Published: 2015 more….

article thumbnail

Can’t We All Just Get Along? Innovation and Bridging the Generational Divide

Idea to Value

While a structured, repeatable innovation process is critical to create and sustain innovation in a competitive, dog-eat-dog marketplace, it alone is not always sufficient to turn a great innovative idea into a profitable “on-the-store-shelves” reality. Millennials, whom we define as those ages 18-34 in 2015, now number 75.4

Survey 102
article thumbnail

Workplace Culture: Productive People Make High-performing Teams That Produce Rapid Results

Innovation Excellence

According to Global Human Capital Trends 2015 pg 36, “Organizations that create a culture defined by meaningful work, deep employee engagement, job and organizational fit, and strong leadership are outperforming their peers and will likely beat their competition in attracting top talent.”. Kahneman, D. Thinking, Fast and Slow.

Culture 89
article thumbnail

Options-based Strategy: An Approach for Uncertain Times

The Inovo Group

What is needed is a new strategic framework that serves both the current, increasingly competitive, situation as well as providing a strategic path through an uncertain future. By 2011, they had several established stores in the Washington DC area and were ready to expand. In 2011, customers were saying “Wow.

article thumbnail

Wisdom of the Crowd – Fact or Fiction?

Wazoku

But improving a firm’s forecasting competence even a little can yield a competitive advantage. In 2011, Philip Tetlock teamed up with Barbara Mellers, of the Wharton School, to launch the Good Judgment Project. About the Good Judgment Project. intelligence agencies pose to their analysts.

Project 40