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One big open innovation square dance…

Innovation 360

Innovation is a way of getting competitive advantage which is well known and documented since ancient times, ranging from machinery, war equipment to the beauty industry and all trial building the perpetuum mobile. Another interesting innovation observation is that there seems to be a dualistic relationship between profitability and innovation; characterized by kind of market structure. Blog Uncategorized disruptive' Innovation 2.0

One big open innovation square dance…

Innovation 360

Innovation is a way of getting competitive advantage which is well known and documented since ancient times, ranging from machinery, war equipment to the beauty industry and all trial building the perpetuum mobile. Another interesting innovation observation is that there seems to be a dualistic relationship between profitability and innovation; characterized by kind of market structure.

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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. A recent report by the Economist showed that 60% of company executives view disruption as a threat rather than an opportunity. This helps explain why most established firms react rather than drive disruptive innovation. Why do we fail to identify disruptive innovation?

5 Ways FinTech Will Disrupt Your Company

Planview

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.

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.

Our inabilities to adapt needs changing.

Paul Hobcraft

Then it becomes a mad scramble to transform ourselves, often with damaging consequences of deteriorating performance, battling more competition that are sensing our weakness, never capable of returning to those previous highs. According to a survey by McKinsey in 2011, 72% of our transformation programs fail to deliver on their original targets. Adapting the business model to the needs and desires of the market.

Change 196

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. I set out to engage 100% in innovation work, it has been quiet a journey of discovery and then translating the parts.

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. In a nutshell, disruptive innovation changes the basis of competition. A technological disruption like blockchain is a complex problem.

How Technology is Empowering the Modern Property Manager

Business and Tech

At the time we were looking to raise capital (between 2011 and 2013), businesses with women on the executive team received only 7 percent of the venture funding. What gap in the market did you think property management technologies missed before ResMan?

Is Innovation in pharma broken?

The Future Shapers

Having an excellent R&D process and achieving market success with the technologies invented are two distinct things. However, in Big Pharma’s defence, the process of bringing a pill or a medical device to market along with clinical trials and patient approval is costly, taking a heavy toll on R&D expenditure. Pharma was rated among the least customer-friendly industry in a 2011 Harris poll, down 43% from a similar survey conducted in 1997.

What is Lean Innovation? Components and Examples

Moves the Needle

Methods are needed that focus on the customer experience, allow us to adapt to new information, and help us make decisions based on market-based evidence. When designing something, (ie: a technology, a product, a marketing material…) it is paramount to keep the needs of the end user in mind. The idea was conceived by Eric Ries and brought to life in his book The Lean Startup back in 2011. Others are being disrupted. Competition is now global.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

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. I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption. We need to ask can this lead to disruption, ours and others for competitive advantage?

The Life Sciences Industry: Decision Making from Batch to Continuum

IdeaScale

In developed markets, governments are restricting the freedom to price new drugs. In the same survey they are reported to be more worried than CEOs of other sectors about disruption to their Industry. IBM estimated in 2011 that of the 161 billion GB data that the healthcare Industry needs to analyze to make decisions, about one fourths of the total cost of curation is attributable to human effort, workflow tools and metadata.

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

Open Innovation EU

As opposed to entrepreneurship, entrepreneurial thinking is not necessarily bound to entrepreneurs (to be); it is an essential skill for ‘strengthening human capital, employability and competitiveness’ (Bacigalupo et al., Klein & Bullock, 2006; Lewin, 2011; Von Mises, 1949). Koppl, 2008; Lewin, 2011). This is also referred to as the choice between pivoting or persevering (Ries, 2011). #3: Lewin, 2011). 2011). 2011). 2011). Introduction.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

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. I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption. We need to ask can this lead to disruption, ours and others for competitive advantage?

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.

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.

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. Case in point, the Texas-based marketing firm Epsilon – which managed email communications for over 2,500 clients – suffered a breach in 2011 , resulting in 50 client databases being stolen. So how can C-suite executives get past fear of failure and embrace disruptive innovation?

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. What was the key uncertainty Harry Klee faced when he tried to get his tomato to market? This includes all PESTEL [2] macro-factors as well as market macro-factors (e.g. competition, segmentation, etc.) Too often, however, companies substitute “Market” for “Demand.”

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.

When innovation led to a reversal of fortunes

hackerearth

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. Even though the Mac business was picking up, it was only in 2001, with the release of the iPOD (now retired) disrupting the digital music market, did Apple start soaring. Then 3DS was released in 2011.

What is innovation management and why your organization needs it

hackerearth

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. For instance, an emerging business is likely to be focusing on one main product, unlike a mature organization that is looking to fortify its position in the market or find new, disruptive innovations. Increases market success.

What is innovation management and why your organization needs it

hackerearth

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. For instance, an emerging business is likely to be focusing on one main product, unlike a mature organization that is looking to fortify its position in the market or find new, disruptive innovations. Increases market success.