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When Disruption Becomes Destructive: How Can Financial Services Companies Close the Innovation Gap?

Qmarkets

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. For successful innovations that are aligned with evolving customer needs and preferences, they must go with the motto, “In digital we trust.”. The Key to Penetrative Disruption.

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Dance of the Corporate Innovators

The Inovo Group

In a business world without variation, innovation can’t happen, and companies can become irrelevant – and also go extinct. In 2011, O’Reilly and Tushman [ 3 ] built on the Exploration-Exploitation concept to create what they called the Ambidextrous Organization. A new type of dance is needed for corporate innovators.

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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. Ideas need to be even more connected both within the organization and outside coming in.

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When innovation led to a reversal of fortunes

hackerearth

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. Disruption just wasn’t working for the Billund-based company. The company encourages open innovation via Lego Ideas. Source: [link]. Source:[link].

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What is innovation management and why your organization needs it

hackerearth

Whereas, Gartner says it is a business discipline that aims to drive a repeatable, sustainable innovation process or culture within an organization. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In sustaining innovations, incumbents win.

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What is innovation management and why your organization needs it

hackerearth

Whereas, Gartner says it is a business discipline that aims to drive a repeatable, sustainable innovation process or culture within an organization. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In sustaining innovations, incumbents win.

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Case Studies: Learning from Failure, or Dying from it

Qmarkets

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. By 2011, Borders had gone bankrupt.