In a study conducted in the year of 2012 to 2013, it showed that twice the proportion of businesses in innovation has increased their productivity. Lead to more competitive advantage. Organizations and companies are able to get competitive advantage. Innovation is the key differentiator in survival and competitive race. Different innovation strategies need to be created to be able to gain an advantage in the competition. MORE

A 2013 Accenture study revealed some interesting findings: Companies which have formal innovation management systems, compared to those that have not, are almost twice as likely to say they were very satisfied with their initial idea generation abilities (43% vs. 24%). Through ideation sessions using techniques such as hackathons that can take an idea to a proof of concept, which will clear the path for innovations. MORE

In the book Evolution of Innovation Management: Trends in an International Context (2013), Alexander Brem and Eric Viardot discuss three major recent trends in terms of geography, management, and strategy: There is an increasing tendency for companies to extend their outside reach through a collaborative innovation strategy, “where multiple users co-create value,” to explore fresh and radical ideas. To read more about the process of discovery, ideation, and execution, go here.). MORE

Typically there are two groups that will be looking to disrupt your business – competitive corporations, either from within or from outside of your current industry and Entrepreneurs. “When people come together with a common purpose anything is possible. Entrepreneurs are becoming increasingly empowered and the businesses they’re building have already torn down and transformed entire industries and you under estimate them at your peril.”. MORE

If you want to stand a chance of creating a successful business in today’s increasingly competitive world then I’d suggest that you follow each of these seven themes zealously. This article was updated on Apr 29th 2015. What does it take to create a Unicorn – a company that achieves a valuation of $1 Billion or more within five years of first opening their doors and why are there more of them than ever? MORE

A 2013 Accenture study revealed some interesting findings: Companies which have formal innovation management systems, compared to those that have not, are almost twice as likely to say they were very satisfied with their initial idea generation abilities (43% vs. 24%). Through ideation sessions using techniques such as hackathons that can take an idea to a proof of concept, which will clear the path for innovations. MORE

Kodak enjoyed a short period of relative success in the late nineties when they finally made a concerted effort to enter the digital camera market, however they were not prepared for the fierce competition that mobile phones would provide and this is what lead to their bankruptcy fears in 2013. "Innovate (verb): To Make changes in something established, especially by introducing new methods, ideas, or products.” . Just a buzzword? MORE

In the book Evolution of Innovation Management: Trends in an International Context (2013), Alexander Brem and Eric Viardot discuss three major recent trends in terms of geography, management, and strategy: There is an increasing tendency for companies to extend their outside reach through a collaborative innovation strategy, “where multiple users co-create value,” to explore fresh and radical ideas. To read more about the process of discovery, ideation, and execution, go here.). MORE

Ideation is not the purview of a few blessed individuals in companies that embrace open innovation. This is an interesting research paper on leveraging external sources of innovation that appeared in The Journal of Product Innovation Management, Volume 31, Issue 4, 2013.). What do mini-Big Bang Theory Lego, Mozilla, Facebook’s Pride Flag feature, P&G’s Connect+Develop, and Moodle have in common? There are all examples of open innovation (OI) at its best. MORE

About the Author: Recognised in 2013 and 2014 by the public as one of Europe’s leading emerging technology and disruptive strategists Matthew Griffin works with Analysts, Entrepreneurs, Investors, Governments and global organisations to help them see, reveal and adapt to the impact that new technology driven trends and business models will have on culture, society and their business. MORE

About the Author: Recognised in 2013 and 2014 by the public as one of Europe’s leading Emerging Technology and Disruption Strategy advisers Matthew Griffin works with global Accelerators, Analysts, Entrepreneurs, Investors, Governments and Fortune and FTSE multi nationals to help them reinvent themselves and adapt to new market conditions. “Banks were once the corner stone of the community but today their industry is being disrupted and disintermediated. MORE

When Nikon and Cannon were reviewing the market for new competitive threats do you think they investigated the mobile phone companies? About the Author: Recognised in 2013 and 2014 by the public as one of Europe’s leading Emerging Technology and Disruption Strategy advisers Matthew Griffin works with global Accelerators, Analysts, Entrepreneurs, Investors, Governments and Fortune and FTSE multi nationals to help them reinvent themselves and adapt to new market conditions. MORE

We provide these tools, but what makes us different from our competition? But we’re not here to talk about why you should choose us; rather that Idea management is vital to the success of any ideation process. Do ideation and idea management tools really create innovation? I get asked this question on a weekly basis; I also get told that idea management is an invaluable tool. It’s interesting to see other people’s perspectives on idea management, and why it’s so important. MORE

These Platforms created communities and the communities became customers and soon these customers were not only buying the Millennials products and services they were helping ideate, hack, design and build the next and so the cycle continued propelling staggering revenue growth that allowed them to disrupt entire industries and usurp the incumbents in years rather than decades. MORE

In the Explore portfolio, even if it’s a search (iterative) process, we see the following four stages: Ideation - New ideas for value propositions and business models around a market opportunity, technology, product or service. Mature Business: Well-established, with a loyal customer base, a competitive field and stable growth. We have been developing our Business Model Portfolio Map for our new book, The Invincible Company. MORE

About the Author: Recognised in 2013 and 2014 by the public as one of Europe’s leading Emerging Technology and Disruption Strategy advisers Matthew Griffin is an international speaker who works with global Accelerators, Analysts, Entrepreneurs, Investors, Governments and Fortune and FTSE multi nationals to help them reinvent themselves and adapt to new market conditions. __. __. Click & Connect with Matthew: LinkedIn . mgriffin_uk . +44 44 (0) 7957 456194. MORE