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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

Overview: Companies that fail to innovate can go out of business, yet there are even worse fates that can await them. These seven companies lost out on entering major new markets, got acquired by competitors, or accumulated billions on bad bets, all by failing to innovate or grasp the value of their innovations. The Concorde.

Company 130
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You need a red team, not a red pill

Jeffrey Phillips

The believe their idea solves an important problem or addresses an emerging opportunity that could create value for the company. Trying to fend off all of these individuals, teams and the corporate culture at large is a daunting task. What should happen next, and rarely does, is the creation of a disinterested red team.

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The Progress Principle: Using small wins to ignite joy, engagement and creativity at work

Idea to Value

In it, authors Professor Teresa Amabile and Steven Kramer analysed nearly 12,000 diary entries provided by 238 employees in 7 companies. Inner Work Life (from Teresa Amabile and Steven Kramer, The Progress Principle: 2011). Learning from problems and successes (including a culture of psychological safety ). Allowing autonomy.

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Nine Short Innovation Lessons from Lego

Destination Innovation

Lego is now revered as one of the most innovative and successful companies in the world. But in 2003 the company was $800m in debt and on the verge of bankruptcy. It is currently rated the number one toy company in the world and the world’s most powerful brand. As recently as 2011 90% of Lego’s users were boys.

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

Innovation Excellence

How do you define the culture of your workplace? A positive, engaging workplace culture can attract and retain talented employees, increase productivity, and even improve financial performance. Workplace culture can change rapidly with world events, and play an important role in how employees respond to and operate in times of crisis.

Culture 91
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Spigit Webinar: Embedding Innovation into Company DNA, Featuring Cambia Health

Planview

Since adding Spigit to their arsenal in 2011, Cambia has played an integral role in expanding awareness surrounding patient preferences and end-of-life care, issued $1.8 Upcoming Webinar: Embedding Innovation into Company DNA. The Innovation Force. How innovation transforms the way people think and work. CLICK HERE TO REGISTER.

Company 40
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The world’s best company to work for

Innovation 360 Group

Today Hey Group release their Global Top 20 companies for leadership, top five at the list was: General Electric. 90% of the Best Companies expect employees to lead, regardless if they have a formal position of authority. 90% of the Best Companies expect employees to lead, regardless if they have a formal position of authority.

Company 40