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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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. Posted on September 21, 2011. Posted on August 26, 2011. Posted on July 27, 2011. Posted on July 22, 2011. Posted on July 12, 2011. Posted on July 5, 2011. Posted on April 13, 2011. Posted on February 13, 2011. Posted on February 12, 2011. Posted on February 7, 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. 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 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.

Industry 4.0 – disruption or just a logic extension of WWW?

Innovation 360 Group

The term first surfaced at the Hannover Messe Industrial Fair in 2011, with the theme Industry 4.0. The social revolution and global transparency, which have led to increased demand for fair training and a fair labour market but also sustainable thinking and rapid communication, where everybody with a story to tell can have an impact. you can build you own satellite for less than 10,000 USD); with extremely short go-to-market lead times (weeks); and. Industry 4.0

Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup. During Jeff Immelt’s tenure GE’s stock-market value fell by about half. It’s often a cattle prod to a stagnant company, or one ignoring disruption by new startups.

LEAN 40

Our inabilities to adapt needs changing.

Paul Hobcraft

According to a survey by McKinsey in 2011, 72% of our transformation programs fail to deliver on their original targets. This is where innovation needs to go to counter the fundamental shifts going on in our markets, to really drive and thrive in an increasing hostile environment. Adapting the business model to the needs and desires of the market. These are often highly unique to individual circumstances, individual organizations and their market conditions and position.

Change 196

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. 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. The global peer-to-peer lending market, which efficiently matches providers of capital with users, was already valued at $26.16 The Key to Penetrative Disruption.

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.

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.

Innovation Insights from Jeff Bezos and Amazon

Destination Innovation

Sales leapt from half a million dollars in 1995 to $17 billion in 2011. In 2014 Amazon entered the smartphone market with the release of the Fire Phone. Disrupt your own business before someone else does. He wanted to own that segment of the market too and to prevent a competitor from seizing it. It was attractively priced and scooped the market. As a boy brought up in Florida, Jeff Bezos developed a keen interest in computers.

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.

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

Adam Hartung

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. And the key to understanding why this is deadly to Walmart and other big traditional retailers is understanding that all Amazon (and its brethren on line) need to do is chip away at a few percentage points of the market. Market shifts are a bit like earthquakes.

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 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. Since the critical acclaim of Bitcoin and digital currencies in 2017, there has been a lot of talk about its future.

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

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 Ultimate Corporate Co-Creation Tool: Venture Building

CREATORS

Since 2011, venture builders have contributed to creating around 15% companies around the world. Once they come up with an interesting solution, they prepare the Go-To-Market strategy (GTM) and they start growing the product and the company. There was a market gap?—?and

Tools 52

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.

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). Klein & Bullock, 2006; Lewin, 2011; Von Mises, 1949). Koppl, 2008; Lewin, 2011). Lewin, 2011). 2011). 2011).

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?

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.

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?

#2,051 – 2021 Breakthrough Nominee: vTubers

Greatest. Idea. Ever.

And just when I was learning the lay of the land a disruptive new trend comes along that could change everything: vTubers. vlogger Ami Yamato, who launched her YouTube channel in late 2011.

Video 38

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?

Typology for Innovative Organizations

Open Innovation EU

New generations, societal change, sustainable goals and disruptive technology require organizations to be much more flexible, self-reinventing organisms that don’t fit above-mentioned design principles. This model is drawn upon a combination of Quinn & Cameron’s values framework (2011) and Nagji and Tuff’s innovation ambition framework (2012). 2015, Christensen, 2011, Birkinshaw & Gibson, 2004, Kelley, 2005). 2011). 2011).

Warm and Fuzzy at the Front End of Innovation

Paul Hobcraft

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. With all the multiple forces at work that seem to be challenging and transforming so much in this age of increasing disruption, we are requiring a bolder set of innovation solutions than ever before.

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.

Tech Disruptor – The Process Mining Unicorn Celonis

ITONICS

The startup was founded in 2011 and soon became one of Germany’s fastest-growing tech firms headquartered in Munich, Germany. Celonis, as a software provider, is seeking to disrupt the management consulting sector. According to Siemens, Celonis helped them to reduce operational costs by 30% and get to market 20% faster. Celonis is growing fast in the Automated Business Process Discovery (ABPD) industry, which is estimated to be a $15 billion market according to Gartner.

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.

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.

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.

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.

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. Books such as Consumptionomics (2011) by Chandran Nair and Abundance: The Future Is Better Than You Think (2012) by Peter H. The New S Curve: Organizations in various countries that I am working with are all buzzing about disruptive innovation – how to build the new growth cycle? Yes, you read it right.

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. Too often, however, companies substitute “Market” for “Demand.”

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?

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. The heartbreak, failures, disruption of relationships, the seemingly impossible odds — and the unethical behavior. This is the perfect launch pad to talk about having dots to connect, that is, market knowledge. Teachers can talk about mindset, marketing, points-of-difference, coping with failure, and the value of measurement and data.

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.

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. The Windows 8 tablet has recently entered the market, and so has the iPad mini. Mobile or not, the tablet market is here to stay and, directly or indirectly, users will tell us what features to build next. iPad App and Website Usability” 2011 : Results from a study.

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. To do this, you should be developing and supporting internal, knowledge-creating networks to participate in the transformational disruptions affecting every industry.

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.