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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. As new digital technology dawns for innovation. 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.

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

A thoroughly modern, hybrid fusion of Wall Street and Silicon Valley, FinTech – or financial technology – has often been hailed as the next big thing. 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. As the name suggests, FinTech represents a modern fusion of finance and technology. billion in 2011 to $20.3

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. Because of technology, their “lemonade stand” can be on any street corner of any city in the world.

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

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

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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.

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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.

Bitcoin’s Highs and Lows: Where to Next?

Daniel Burrus

Cryptocurrency uses peer-to-peer technology, similar to the file-sharing technology of the early 2000s. A single Bitcoin is today valued at $8,204 , while the market cap is now at $145.66 Cryptocurrencies are here to stay, including the underlying technology (blockchain) that enables them to function. Over time, this will increasingly disrupt traditional models and global currencies, playing a role in a number of future digital transformations.

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.

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?

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. The third type, disruptive innovation. They are called disruptive because they disrupt the current market behaviour. time-to-market, cost-of-sale etc.).

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. By and large, developments in streaming and content creation software have brought the technology into the hands of individual content creators and smaller agencies.

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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.

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

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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.

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. In the same survey they are reported to be more worried than CEOs of other sectors about disruption to their Industry.

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?

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 feel there is a real shift potential through connecting technology and connected solutions to ‘transform’ this front end. 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. Many innovations emerging from this internal orientation are lacking real market and customer awareness.

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.

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. Yes, you read it right. The title of this piece is ‘Great to Good’.

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? ” Market research is not Demand insight. 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.

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.

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. The intelligent Big Data technology analyzes and visualizes all processes within a company and detects weak points. According to Siemens, Celonis helped them to reduce operational costs by 30% and get to market 20% faster.

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.

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. 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.

Is the iPad mobile?

Boxes and Arrows

I should have remembered where I was supposed to get off, but, like everyone else, I rely on technology to offload cognitive processes when I should be using my brain. 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. 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. New technologies, tools and systems make innovation networks more possible and more influential than ever.

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.

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. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. Increases market success. Improves chances of survival due to better solutions spawned from newer technologies.

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. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. Increases market success. Improves chances of survival due to better solutions spawned from newer technologies.

Top 10 must-read books on Innovation

hackerearth

Running Lean: Iterate from Plan A to a Plan That Works by Ash Maurya LeanStack Founder and creator of the Lean Canvas, Ash Maurya, tells you how startups can find the product/market fit by following a systematic process based on innovative approaches based on innovative approaches such as Lean Startup and Bootstrapping. Christensen’s theory of disruptive innovation has been called “the most influential business idea of recent years.”