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Adapt or die: lessons from 5 companies that failed to innovate

Idea Drop

It feels like the world is moving faster than ever, which means that companies in every sector have to prioritise agile innovation or risk becoming defunct. If it seems like many of the companies that you knew from childhood have vanished, it’s because they have. They filed for bankruptcy in 2012.

Company 68
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What is idea management and why is it important for any business

hackerearth

From wooden suggestion boxes, companies went to emails and surveys in the 1990s. Unfortunately, about 80% of these schemes are ineffective due to irrelevant ideas, duplicate suggestions, a deluge of submissions making evaluation difficult, and no means to track the status of a submitted idea. Innovation is about change.

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Get Real About Your Company’s Future

The Inovo Group

Highlights: Companies make continuous bets on their future. Effective futuring that includes the ability to gain insights into long-term futures with inevitable disruptions and discontinuities needs to be a key component of a company’s strategy and innovation efforts. Bill Gates. But it was already too late.

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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. What can we learn from their innovation failures? Toys Were Us.

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Typology for Innovative Organizations

Open Innovation EU

Greiner discussed in his work Evolution and Revolution as Organizations Grow that all of the before are true, but change over time for a growing company. The model describes organizational typologies based on cultures of innovation. Each type of organization exists in three different levels of innovation. Larry Greiner (1989).

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Great Ideas Aren’t Enough

Innovationship

You can spend all of your money and time trying to sow innovation into your company, but if the company soil isn’t also enriched — that is, if you haven’t done the work to transform your mindset and culture — don’t expect to reap the fruits of your efforts. I’m an innovation psychologist. What a team!

Design 40