Remove 2012 Remove Competition Remove Strategy Remove Technology
article thumbnail

First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

This idea quickly became popular in technology companies and areas like Silicon Valley where it was used as evidence of a need to launch first (even if you didn’t have a working product), spend big on marketing and get customers at any cost. And competition has its advantages. It is a classic example of survivorship bias.

Strategy 257
article thumbnail

Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

One of industry standard answers comes from research by Deloitte Partners Bansi Nagji and Geoff Tuff, in their groundbreaking 2012 article in Harvard Business Review: Managing your innovation portfolio. Some companies, like technology companies which need to produce new offerings more quickly, might have a ratio that is more like 45-40-15.

Project 284
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Keeping Up is a Fool’s Game

Daniel Burrus

Keeping up—with technology, with the competition, with anything in business or life—is what some would call a fool’s game. Asking these questions enables you to go beyond your competition and get off the treadmill of keeping up. These are trends in technology and innovation that show no signs of slowing down.

article thumbnail

The Top 5 Technology Trends That Will Drive Innovation in 2018

hackerearth

Innovation is never easy, and in today’s world where everything is becoming digital, innovation is technology first and quite complex. photo editing software), and technology push (e.g. Samsung Galaxy with touchscreen technology in 2012). Whatever your business model, emerging technologies will be a key driver.

article thumbnail

Agile Strategy – 16 Strategic Thinking Questions to Explore Disruptive Innovation

BrainZooming

Fanatics introduced disruptive innovation to its marketplace with an agile strategy. It employs technology, focused creative teams, new manufacturing processes, and communications to remove time and waste when creating post-sporting event apparel featuring the winners and exciting story lines. Developing an Agile Strategy.

article thumbnail

Go to Market Strategy – 10 Sections Your Strategy Plan Should Include

BrainZooming

Our buddies at Armada Corporate Intelligence addressed what sections you should include in your go to market strategy plan in their “Inside the Executive Suite” feature. They highlighted ten different sections to include your strategy plan. 10 Sections Your Go to Market Strategy Plan Should Include via Armada Corporate Intelligence.

article thumbnail

How to create a scalable strategy in the midst of the COVID-19 crisis

mjvinnovation

Companies had to take extreme measures to adapt their processes and recalibrate their strategies. Even before the pandemic, entrepreneurs already had a difficult time remaining relevant in an increasingly competitive market. Scalable: a profession, activity, or strategy that does not require full dedication to achieve the result.