The world’s best company to work for

Innovation 360 Group

Just the other day A Great Place to Work also released their list 2011 FORTUNE’S 100 BEST COMPANIES TO WORK FOR® which is based upon a deeper cultural audit and as far as I can see much more reliable. Their Top 5 on the Fortune list 2011 is: SAS. Wegmans Food Markets. At the moment the competition takes place around Europe… I get back on that when released the 26th of May.

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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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.

How increased interest open opportunities for countries like Sweden

Innovation 360

Historically European countries like Sweden has had a low interest which has lead to investments in automated manufacturing plants competitive with labor intensive manufacturer in the BRIC area, we can find examples like Flextronics. First of all, we can compete on the global market with high tech production, skilled operators and industrial knowledge workers.

PokeMon Go – How Nintendo Beat Microsoft and Sony With an End Run

Adam Hartung

By 2011 Nintendo sale were down to 11.6m Sony and Microsoft both invested heavily in their competition. Even though both were unprofitable at the business, neither was ready to concede the market. In fall, 2014 Microsoft raised the competitive ante, spending $2.5B Nintendo was becoming a market afterthought. Meanwhile, back in 2009 Nintendo had 70% of the handheld gaming market with its 3DS product. Poke’Mon Go is a new sensation.

A $7.6B Write-off Plus Layoffs Is Never a Good Sign Microsoft

Adam Hartung

Amidst all these big tactical actions, it is completely unclear what the strategy is to remain a viable company as customers move, quickly and in droves, to mobile devices using competitive products. Because between 2011 and 2013 Nokia had already lost half its market share. Why would any developer build an app for a Windows phone, when almost the entire market was iOS or Android? And there was no doubt that Windows 8 had missed the mobile market.

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

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.

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

Mills-Scofield

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. Certainly the reasons for this decline are multifaceted, from a struggling economy, to competition with older workers, to time conflicts, to the fact that many teens just don’t want traditional “teen jobs.” In addition to the ho-hum job market, and changing cultural zeitgeist, technology is changing where, when and how early we begin to work.

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.

The Life Sciences Industry: Decision Making from Batch to Continuum

IdeaScale

In developed markets, governments are restricting the freedom to price new drugs. 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. Innoplexus started a journey in 2011 to use AI to completely automate this process. The life science industry is close to a significant transformation.

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. Competition is now global.

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.

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. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position. We need to ask can this lead to disruption, ours and others for competitive advantage?

Why Software Won’t Eat The World

Innovation Excellence

In 2011, technology pioneer Marc Andreessen declared that software is eating the world. First, they lack barriers to entry, which makes it difficult to create a sustainable competitive advantage. Finally, rabid competition leads to high costs.

Discovering the Trends of Tomorrow with AI

ITONICS

This can lead to a significant competitive advantage, especially in large companies. Another important application is the strategic observation of competition with the help of machine learning. and "Where is the market heading?

Identifying Opportunities for Disruptive Innovation

Strategos

Founded in 2011 by Michael Dubin and Mark Levine, the startup attracted a lot of attention when Mr. Dubin featured in a comedic ad posted on Youtube that went viral. Dollar Shave managed to capture 8% of the market in only a few years before it was acquired by Unilever in 2016. Innovation that challenges well established industry business models promises opportunity for some and instills fear in others.

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. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position. We need to ask can this lead to disruption, ours and others for competitive advantage?

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.

5 Ways FinTech Will Disrupt Your Company

Planview Spigit

billion in 2011 to $20.3 These friction points add up to a $4 trillion problem , but tech-driven innovations like digital wallets, biometric security measures and integrated in-app purchasing offer clear solutions for streamlining the process and improving the customer experience – an integral factor in driving sales, boosting conversions, and winning the competitive battle for customer trust.

Can Netflix Double Pivot to Be a Media Game Changer?

Adam Hartung

Think about Blackberry, that gave us the smartphone business then lost it to Apple and its creation of the app market. These were some really big companies that saw their market shifts, but failed to “pivot” their strategy to remain competitive. Netflix’ share price soared from $50/share to almost $300/share during 2011. It is becoming a market leader in original programming. Netflix has been a remarkable company.

The 10 Telltale Signs of Future Troubles for WalMart

Adam Hartung

But if we take an historical look, despite how well WalMart’s value has done between 2011 and 2014, there are ample reasons to forecast a very difficult future. 2 – In March, 2010 AdAge ran a column about WalMart being “stuck in the middle” and effectively becoming the competitive “bulls-eye” of retailing. 7 – In July, 2015 Amazon’s market value exceeds WalMart’s.

Networks, Communities, Ecosystems and Platforms

Open Innovation

Two-Sided Markets are not Platforms Van Alstyne and West I started my trip at the Marshall Van Alstyne and Geoff Parker conference at Boston University, which they dub the Platform Strategy Research Symposium. It was somewhat of a misnomer, as most of the economists who visited the conference (although not the hosts) took “platform” as a synonym for “two-sided market.” All of these are two-sided markets: Microsoft convinces gamers and game writers to join the platforms.

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

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. They are called disruptive because they disrupt the current market behaviour. In a nutshell, disruptive innovation changes the basis of competition. To Greg basic research is needed when neither the problem (or market) nor the solution are well enough understood.

3 IP Trends to Watch in Asia Pacific in 2018

Anaqua

It’s a region where highly developed, sophisticated intellectual property (IP) systems and regulatory frameworks in some markets co-exist with relatively immature IP regimes in neighboring countries. This undoubtedly helped China become the top patent filer in the world in 2011. Licensing and litigation are increasing across the region because companies are aware that having a high-quality IP portfolio is the key to staying competitive worldwide.

Do Not Follow the Herd – Sell McDonald’s and Microsoft

Adam Hartung

Changing accounting for depreciation, inventory, real estate holdings, revenue recognition, new product launches, product cancellations, marketing investments — the list is endless. Although leadership trumpeted an increase in cloud-based revenue, that was only an 8% improvement and obviously not enough to offset significant weakness in other markets: Office consumer revenue declined 13%. Microsoft traded around $25/share from March, 2003 through November, 2011 – 8.5

VC to CV

100%Open

Many of the deals that are done involve some sort of investment but the primary reason for the relationship is more immediate, pragmatic and, dare I say it, business-like: For the SME the deal can represent a route to market. Open innovation provides access to many consumers through the larger partner’s distribution channels and marketing spends. Most crowdfunding is conducted on specialist platforms such as Kickstarter founded in 2009 and Fundageek (2011).

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.”.

Standardization as an open innovation activity

Open Innovation

From 2007-2013, I worked to study the case of Symbian, the British software company that coined the term "smartphone” and had (thanks to Nokia’s smartphone sales) the leading global market share during the first decade of the smartphone OS wars. As predicted by Teece (1986), Symbian lacked the ability to commercialize its own innovations directly but instead partnered with leading cellphone makers to bring its technology to market. Platforms, markets and innovation.

#1,564 – Bill Gates and the Reinvented Toilet

Greatest. Idea. Ever.

To that end he launched a competition, inviting inventors, engineers, and students from the top universities in the world to design a new type of toilet. In 2011, we launched the Reinvent the Toilet challenge. A remarkable cohort of engineers, scientists, companies, and universities around the world has done the hard work of getting a safe, off-grid sanitation market ready for take-off….

How Telltales Told You Not to Own Wal-Mart, and Continue To Do So

Adam Hartung

Wal-Mart market value took a huge drop on Wednesday. Like most stock market moves, this one just happened really fast. ” This is the disease of constantly focusing on improving your “core” business, while market shifts around you increasingly make that “core” less relevant, and less valuable. By July, 2015 we learned that the market cap of Amazon now exceeded that of Wal-Mart. Market timing is a fools game.

Everything you need to know about innovation management software

hackerearth

Although enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. 2011)) . Innovation management software is so much more than idea management platforms in the market today.

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.”

Listen to Employees When Evaluating Leadership

Adam Hartung

The stock was $66 in June, 2011, and $55 in 6/12 when it made #6. What are employees saying about the sustainability of the “dollar store” segment in a very tough retail market with growing internet competitors? Or due to some change in market competition. 24×7 Wall Street just released its fourth annual analysis of the worst companies to work for in America.

Innovation management software: Everything you need to know

hackerearth

Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. 2011)) . Innovation management software is so much more than idea management platforms in the market today.

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.

Remembering

Technology Created

Why would it be important to dig into events such as the introduction of the Model A by Henry Ford in 1927 or the failure of IBM to react to Microsoft’s entry into the PC market in the early 1980’s? Because of his efficient approach to mass production and mass distribution, he was able to create a factory system, build assembly lines and lower the price enough to create the first real world consumer market. Newsweek (March 20, 2011), [link]. [2]

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

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. Fear of change resulting in failure restricts corporate decision makers to the former, preventing them from achieving the balance they need to remain competitive. The philosopher Aristotle diagnosed fear as ‘pain arising from the anticipation of evil’.

Adaptive Strategy Matrix [Infographic]: exploration vs. exploitation?

Open Innovation EU

I recently ran into an article (Walrave et al 2011) that analyzed a simulation of investing in exploration vs. exploitation. External pressure: a balancing loop that suggests that both the exploitative loop and explorative loop will be disturbed by the market circumstances (a realism check), which will thus increase the likelihood of external forces saying that the strategy should change. A calm market or ecosystem will increase the external pressure to invest in exploitation.

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.” 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. Source: Dr. Linda Beltz, organizational structures for open innovation, 2011. The market can be high-tech, FMCG, supplier-driven etc.