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One big open innovation square dance…

Innovation 360

Another interesting innovation observation is that there seems to be a dualistic relationship between profitability and innovation; characterized by kind of market structure. However, if there is an oligopoly , i.e. few players who compete in the market space, innovations tend to very quickly imitated by competitors, sometimes even gets launched before, often leading to long-term reduction in profitability as research and development budgets get astronomically high.

One big open innovation square dance…

Innovation 360

Another interesting innovation observation is that there seems to be a dualistic relationship between profitability and innovation; characterized by kind of market structure. However, if there is an oligopoly , i.e. few players who compete in the market space, innovations tend to very quickly imitated by competitors, sometimes even gets launched before, often leading to long-term reduction in profitability as research and development budgets get astronomically high.

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Our inabilities to adapt needs changing.

Paul Hobcraft

They become fixed, rigid and locked into their established ways, not adapting to the changes occurring around them. If we can’t adapt to changing times, we simply struggle to survive, that is the growing reality operating in today’s environment. Simply put companies ‘die’ due to their inability to adapt to change and transformation projects fail because the message somehow fails to register and never gets completed to the original objectives.

Change 196

Why We Are Entering A New Innovation Era.

Paul Hobcraft

Increasingly we are seeing a growing dissatisfaction on the impact that innovation is having; in growth, in returns, in market and customer impact. This dramatic change we will all be undergoing will have a significant impact on organizations innovation management design and it requires new connected thinking” I believe innovation is in a need for change and is coming very quickly to a refraction point in how it’s going to be managed. Posted on September 21, 2011.

Identifying Opportunities for Disruptive Innovation

Strategos

We are drawn to stories of entrepreneurs who came up with brilliant ideas that disrupted the existing “rules of the game” by which industry players compete with one another. Disruption. Many executives of established companies wonder whether his or her business is going to be seriously affected by companies like Uber and Netflix who have challenged and changed the dynamics of their industries and whether he or she can do something about it. Are we vulnerable to disruption?

5 Ways FinTech Will Disrupt Your Company

Planview Spigit

Now, it promises to bring further disruption and fundamentally alter the way businesses grow, manage their finances and most importantly, meet the needs of their customers. billion in 2011 to $20.3 trillion threat by 2019, FinTech’s ability to enhance cybersecurity, and enable customers to defend against the disruptive tactics used by cyber criminals, is game-changing. The post 5 Ways FinTech Will Disrupt Your Company appeared first on Spigit.

Generation (I)nnovation: Why Today's Teens Instinctively Understand Disruption

Mills-Scofield

I am honored to host Whitney Johnson's post as part of the launch of her new book, Disrupt Yourself: Putting the Power of Disruptive Innovation to Work. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~. The abysmal job market for teens is forcing many of them to think differently about work. As of 2011, only 26% of teens were employed. And don't forget the competitive college admissions market.

When Disruption Becomes Destructive: How Can Financial Services Companies Close the Innovation Gap?

Qmarkets

Small, fast-moving start-ups are revolutionizing the global landscape with creative market-responsive solutions that are becoming increasingly accepted and utilized. caption id="attachment_40714" align="alignright" width="438"] The speed of change in the banking industry has CEOs more concerned than in any other industry. These banks recorded 58% growth between 2011 and 2016, a staggering number – that is until you review the performance of the industry’s newer entrants.

Bitcoin’s Highs and Lows: Where to Next?

Daniel Burrus

A single Bitcoin is today valued at $8,204 , while the market cap is now at $145.66 They are future facts that cannot be changed. Soft Trends can be changed. Over time, this will increasingly disrupt traditional models and global currencies, playing a role in a number of future digital transformations. Litecoin, for example, was launched back in 2011 on the same blockchain as Bitcoin and was meant to improve it.

Why Tesla Could Be the Next Apple – and Put a Hurt On Exxon

Adam Hartung

In a market of 95million barrels per day production, electric cars made a difference of 25,000 to 70,000 barrels of lost consumption; ~.05%. Markets that did not exist for mobile products 10 years ago are now huge. When markets shift, they often shift a lot faster than anyone predicts. He should have used as his comparison Chipotle, which I predicted would be a huge winner in 2011. Market shifts are never predicted by incumbents, or those who watch history.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

This is as he puts it transformation with a big capital “T” because it involves changing the very essence of a company. McKinsey in 2011 identified that 72% of transformation programs fail to deliver on their targets so there is an awful lot of thinking, planning and working through any transformation to make sure you end up with the 28% of the success stories. It means changing the organisation itself, including its operations, culture, revenue model, and more”.

Covering Innovation My Way

Paul Hobcraft

You do need to find out more of the emerging Work to be done approach as it is a far more dynamic place for innovation to happen.The W ork-to-be-done is focused on connecting to the emerging areas of Organizational need being faced in today’s rapidly changing markets and diminishing resources. These site includes our thoughts on what makes up innovation ecosystems and the changes these can offer us in innovation opportunity.

Bigger Is Not Always Better – Why Amazon Is Worth More than Walmart

Adam Hartung

But WalMart changed that. Since 2011, its revenues have grown unevenly, and on average less than 4%/year. And worse, the market is shifting away from WalMart’s huge, plentiful stores toward on-line shopping. Amazon is changing the way Americans shop. That growth has not been due to market growth, it has been created by stealing sales from traditional retailers. Market shifts are a bit like earthquakes. And the world quickly changes.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

This is as he puts it transformation with a big capital “T” because it involves changing the very essence of a company. McKinsey in 2011 identified that 72% of transformation programs fail to deliver on their targets so there is an awful lot of thinking, planning and working through any transformation to make sure you end up with the 28% of the success stories. It means changing the organisation itself, including its operations, culture, revenue model, and more”.

Using ‘innovation’ as a catch all word is dangerous

The Future Shapers

They want to improve existing capabilities in existing markets. Already in 2011 Gorilla Glass was found in 200 million devices , roughly 20% of the handsets in the world at that time. The third type, disruptive innovation. They are called disruptive because they disrupt the current market behaviour. For it radically changed the way we listen to and buy music. In a nutshell, disruptive innovation changes the basis of competition.

Warm and Fuzzy at the Front End of Innovation

Paul Hobcraft

The subject was the changes occurring at the front end of innovation. My argument was the results we have obtained from a disconnected set of front end activities was poorer than they should be and this needs changing. I wrote about “ hearing all the voices of ideas at the front end and the “ two distinct parts of the innovation funnel ” building from my original post “ the new extended innovation funnel “, written in 2011.

The University of Central Asia: Educational Innovation in the Mountains of Rural Kyrgyzstan

New Markets Advisors

Credit: UCA Before I joined New Markets Advisors as an Associate, I was on the team that opened the University of Central Asia ’s Naryn campus in Kyrgyzstan for its inaugural 2016–2017 school year. With the insights I’ve since gained at New Markets, I’d like to examine the University of Central Asia (UCA) through the lens of disruptive innovation and Jobs to Be Done, two concepts popularized by Clayton Christensen, the author of The Innovator’s Dilemma.

Study 40

What is Lean Innovation? Components and Examples

Moves the Needle

While understanding the need for innovation at the enterprise level is important, the word innovation alone does not paint the full picture of what needs to occur in order for an organization to harness the power of “entrepreneurial spirit” and effect the permanent, transformational change of your company, so that it survives and thrives in the 21st Century. The idea was conceived by Eric Ries and brought to life in his book The Lean Startup back in 2011. Others are being disrupted.

Is Innovation in pharma broken?

The Future Shapers

Some executives are going as far as seeing innovation as an essential way for companies to accelerate the pace of change in today’s global business environment. Having an excellent R&D process and achieving market success with the technologies invented are two distinct things. Incremental improvements are essential, but if companies aren’t realistic about what constitutes a breakthrough innovation and what not, they run the risk of being disrupted.

#2,051 – 2021 Breakthrough Nominee: vTubers

Greatest. Idea. Ever.

One of the ways that my life changed the most in 2020 was starting a new routine of watching YouTube before going to bed thanks to my discovery of ASMR videos that help me fall asleep. Virtual avatars replacing their human counterparts and forever changing the YouTube landscape.

Video 43

11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

Whereas Schumpeter describes an entrepreneur as disequilibrative – destroying the pre-existing stage of the equilibrium ((Kirzner, 1999) – Kirzner chooses to describe the role of the entrepreneur as more equilibrative – entrepreneurs systematically displace disruptive conditions in order to create stabilized market conditions (Kirzner, 1999). In the Schumpetarian view, opportunities arise from the internal willingness to change the industry. Koppl, 2008; Lewin, 2011).

The Life Sciences Industry: Decision Making from Batch to Continuum

IdeaScale

In developed markets, governments are restricting the freedom to price new drugs. PWC in its 18 th global CEO survey reports that 50% of Pharma CEOs were concerned about the speed of technological change, up from 32% in the previous year. In the same survey they are reported to be more worried than CEOs of other sectors about disruption to their Industry. However, with this accelerated pace of change, decision making remains a batch process that is predominantly manual.

Spotting Innovation Opportunities

ITONICS

Disruptive technologies or innovations boost new business models that change the game of existing industries like the space industry (SpaceX), the music industry (Spotify), the film industry (Netflix) or the banking sector (FinTechs), just to name a few. In addition to transforming a whole industry, disruptive business models also push and promote paradigm changes. Is there a pattern for disruption & breakthroughs? What are the driving forces of change?

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. Let me show you how the focus of organization design has changed over the years: Scholar. But times are changing and organizations are emerging, scaling and managed completely differently. 2011). 2011).

7 Things Every CEO Should Know About Their Patents

Anaqua

Even in the most extreme cases where there is a perfect intersection of data, analytics, valuable metrics, and huge incentives to utilize and optimize, we see both surprising catastrophic failures, and stunning opportunites in markets. To give two stark examples, we turn to the market crash of 2008 – caused by a cascading failure in financial markets that devastated our economy and destroyed market capitalization – in 18 months, the Dow lost over 50 percent of its value.

Great to Good Innovation

IdeaSpies

did a follow-on study that found 32 of the 50 companies described in these books to only matched or underperformed the market over their subsequent 15-to-20-year period. The answer, to me, is how the meaning of innovation has changed. Yes, you read it right.

How Swiss Post’s Partnership with Qmarkets Achieved Award-Winning Results

Qmarkets

Swiss Post is a diversified group with five main subsidiaries – PostMail, PostLogistics, Swiss Post Solutions, PostFinance and PostBus – operating in communications and logistics, retail financial services, and the passenger transport market. In 2011, Swiss Post implemented Qmarkets’ full configurable enterprise-grade Q-max innovation software to allow staff from different departments and locations to share new business ideas in an organized, structured environment.

The Innovation Instinct: Inventions Inspired by Nature

Qmarkets

As we can see from these examples (and many more ), studying the solutions which have been developed by animals and plants can be an extremely effective catalyst for the development of disruptive innovations and inventions.

Innovation Car Boot Sales and Open Intellectual Property Exchanges

The Future Shapers

Pulling on the strands of decluttering, Open Source and Crowdsourcing this thought piece considers the challenge of creating an open market for an organisations Intellectual Property (IP). In late 2011 I was working as part of the innovation team at Logica. Yes, it is fair to say, that with the likes of ebay, Gumtree and Nextdoor the opportunity to move stuff on in the secondary market to your local community has been digitised and simplified.

Uncertainty is the Innovator’s Friend

The Inovo Group

In 2011, after more than 20 years of research, Harry Klee, a professor in the Horticulture Sciences Department at the University of Florida, developed the “perfect” tomato. Rather, it’s uncertainty about the unknown and unexpected interactions and influences of a complex system, a system with many different players each with varying motivations, mindsets and behaviors that must change in order for any new thing to succeed.

A salute to immigrants, America’s unsung national treasure

Adam Hartung

But like all disruptive innovations, the initial market (immigrants) is just the early adopter with a huge need. In The Innovator’s Dilemma Clayton Christensen makes the case that disruptive innovations develop by targeting a customer with an unmet need. But now that it is established, and expanding to more countries – including developed markets like the U.K. Exactly the way all disruptive innovations grow, and thus threaten the entrenched competition.

How Swiss Post’s Partnership with Qmarkets Achieved Award-Winning Results

Qmarkets

Swiss Post is a diversified group with five main subsidiaries – PostMail, PostLogistics, Swiss Post Solutions, PostFinance and PostBus – operating in communications and logistics, retail financial services, and the passenger transport market. In 2011, Swiss Post implemented Qmarkets’ full configurable enterprise-grade Q-max innovation software to allow staff from different departments and locations to share new business ideas in an organized, structured environment.

4 Ways to Beat Innovation Management Anxiety- How to Get Past the Fear and Find Your Next Big Idea!

Qmarkets

Especially when you consider that it is predicted that digital disruption is estimated to wipe out 40% of Fortune 500 firms in the next decade. A study by PA consulting found that inefficient decision making, a risk-averse culture, and an inability to scale up ideas and embed change in a sustained way were significant barriers to innovation within organizations. So how can C-suite executives get past fear of failure and embrace disruptive innovation?

Innovation Networks – Needed Now More Than Ever

The Inovo Group

Today’s VUCA world (Volatile, Uncertain, Complex and Ambiguous) requires that companies form robust knowledge networks to have any real hope of delivering the innovations, especially transformational innovations, that are needed for the growth which they aspire to or to prevent disruption from new entrants. Changing Organizational Behavior in a VUCA World. Functions are partitioned into R&D, Marketing, Operations and other disciplines. How should we change?

Is the iPad mobile?

Boxes and Arrows

The iPad hit the market about three years ago, quickly becoming disruptive by creating a user need where there previously was none. Their expectations didn’t change simply because they were using an iPad. We leveraged analytics to understand how consumers used our regular site on their iPads prior to making changes to the actual iPad app. The Windows 8 tablet has recently entered the market, and so has the iPad mini.

The Founder, Innovation On Film

Gregg Fraley

The Founder , starring Michael Keaton as McDonald’s founder Ray Kroc , is the best film about innovation since Moneyball in 2011. Innovation stories are inherently transformational because they are about change — and this is perfect for the two hour story arc of a movie. The heartbreak, failures, disruption of relationships, the seemingly impossible odds — and the unethical behavior. Michael Keaton as Ray Kroc in The Founder.

The Innovation Instinct: Survival of the Fittest in Nature and Business

Qmarkets

As we can see from these examples (and many more ), studying the solutions which have been developed by animals and plants can be an extremely effective catalyst for the development of disruptive innovations and inventions. Launched in 2011 by the Fermanian Business & Economic Institute, the index uses advanced methodologies to track and quantify activity in the field of biomimicry in the US. The DNA of Change: How Taking Inspiration from Nature Can Benefit Your Business.

What is innovation management and why your organization needs it

hackerearth

Is it a lack of innovation or an inability to cope with change? Or, is it the incompetence that underlines the failure to anticipate change and stay ahead of the curve? The rules of the game have changed. An innovation process “connects upstream idea valuation to downstream production and release to market.” Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. Increases market success.

What is innovation management and why your organization needs it

hackerearth

Is it a lack of innovation or an inability to cope with change? Or, is it the incompetence that underlines the failure to anticipate change and stay ahead of the curve? The rules of the game have changed. An innovation process “connects upstream idea valuation to downstream production and release to market.” Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. Increases market success.

Case Studies: Learning from Failure, or Dying from it

Qmarkets

We frequently talk about how innovation is a crucial necessity for your enterprise company, and how the right innovation can be the difference between setting the market standards and being shunted aside as a new market leader makes the rules. We also frequently hear about the great innovation successes: Tesla, SpaceX, Uber, Amazon, and even the classic innovation failures, like Kodak and Nokia, who saw incoming disruptive innovation but didn't do anything to face it.

When innovation led to a reversal of fortunes

hackerearth

The world is moving around you - customer expectations are changing, competitors are always catching up and threatening to take away your business.”. It was close to bankruptcy in the late 1990s with rivals BM, Dell and HP eating up the market. The company had a paltry 4 percent market share and losses of over $1 billion. Market expansion was what Apple needed, not a sizable chunk of the PC market. Disruption just wasn’t working for the Billund-based company.

Top 10 must-read books on Innovation

hackerearth

Running Lean: Iterate from Plan A to a Plan That Works by Ash Maurya LeanStack Founder and creator of the Lean Canvas, Ash Maurya, tells you how startups can find the product/market fit by following a systematic process based on innovative approaches based on innovative approaches such as Lean Startup and Bootstrapping. He tells you about how ideas can truly change the world, that is, how motivation and initiative with respect to innovation take the world forward.