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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.

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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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?

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?

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. This requires technology to be central to this different thinking, alongside a radical shift in how we see innovation.

Change 196

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. Oversimplifying, R&D can be viewed as the process of converting financial resources into ideas and technologies, while innovation is the process of converting ideas and technologies back into money through business modelling and experimentation. The new technologies available in this day and age have a two-fold impact on the pharma industry.

Why Software Won’t Eat The World

Innovation Excellence

In 2011, technology pioneer Marc Andreessen declared that software is eating the world. Yet even as real value was being created and fabulous new technology businesses prospered, an underlying myth began to take hold. Finally, rabid competition leads to high costs.

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.

Discovering the Trends of Tomorrow with AI

ITONICS

Many companies nowadays face the challenge of drawing the right conclusions and implementing them from a variety of technologies, trends, and innovations which are difficult to comprehend. This can lead to a significant competitive advantage, especially in large companies.

The Life Sciences Industry: Decision Making from Batch to Continuum

IdeaScale

In developed markets, governments are restricting the freedom to price new drugs. Technology is also playing spoilsport to the breakthrough party. 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. 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.

5 Ways FinTech Will Disrupt Your Company

Planview Spigit

A thoroughly modern, hybrid fusion of Wall Street and Silicon Valley, FinTech – or financial technology – has often been hailed as the next big thing. As the name suggests, FinTech represents a modern fusion of finance and technology. billion in 2011 to $20.3 According to Eric Kant, innovation advisor at Kant Consulting Group, LLC , “Technology is driving an unprecedented customer experience transformation.”

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. Netflix and Dollar Shave addressed a rising demand for more convenience, leveraged developments in technology and solved a consumer problem: the frustration of paying more than is needed.

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. As IP activity increases in Asia, more and more companies across the region are seeking to globalize their IP assets and significantly improve the management of the innovation lifecycle through the deployment of advanced technology platforms.

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.

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.

Using ‘innovation’ as a catch all word is dangerous

The Future Shapers

What the CEO wanted to see were use cases around the application of drone technology and virtual reality. 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.

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.

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.

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. In this case, it’s not uncertainty about whether the technology will work (it does) or whether customers will want it (they do). What was the key uncertainty Harry Klee faced when he tried to get his tomato to market? competition, segmentation, etc.) technology).

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

How relevant is a world where technology was so weak, so non-integrated? What about a student of technology? 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? Why would they simply not be able to more effectively and easily move to a new market and opportunity as they occur? 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

Integrated online technologies are essential for expediting innovation campaigns. 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.

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 is about more than just planning new products, services, brand extensions, or technology inventions. 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 is about more than just planning new products, services, brand extensions, or technology inventions. 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.

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.

A salute to immigrants, America’s unsung national treasure

Adam Hartung

In 2014 he founded QuickCall.com to allow users to make a call over wireless technology, but which can then interface with the old-fashioned wired (or wireless) telecom systems around the world. No easy task, since telephone systems are a complex environment of different international, national and state players that use a raft of different technologies and have an even greater set of complicated charging systems. I’m amazed about Americans’ debate regarding immigration.