Remove 2016 Remove Competition Remove Design Remove Underperforming Technical Team
article thumbnail

Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

article thumbnail

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

In the course of this first month of 2016, I was asked a couple of times what my prospects are for the year ahead when it comes to key innovtion issues. This requires companies to proactively or reactively innovate their business models in order to remain competitive. Cases in point: Lego and Burberry.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

Research confirms: development of exploration in parallel to exploitation capabilities proves to be mandatory for established companies in order to compete successfully and sustainably. One way for established organizations to strengthen exploration is by developing internal capabilities in order to overcome their inherent inertia.

article thumbnail

Options-based Strategy: An Approach for Uncertain Times

The Inovo Group

How do you create a company that can adapt, respond, and reinvent itself to become stronger in both good times and bad? What is needed is a new strategic framework that serves both the current, increasingly competitive, situation as well as providing a strategic path through an uncertain future. Michael Raynor.

article thumbnail

5 Innovation Trends of 2018 that will Disrupt the Corporate Landscape in 2019

Qmarkets

The Avengers teamed up with the squad from Guardians of the Galaxy to face down Thanos. With the steady increase in competition, large corporations are more preoccupied than ever with securing data relating to the successes and failures of rivals. 2018 has very much been a year of “epic partnerships”. Phygital Advances.

Trends 74
article thumbnail

Moving Lean Construction into the Digital Age: Last Planner Meets Collective Intelligence

Planview

The leaders of these firms say that they marked 2016 as the year in which they felt that they could put the dark days of the 2007-08 recession behind them, once and for all. How might we capture and re-apply the knowledge that our veteran staff has developed over the years? Flush times do not mean relief from competition.

LEAN 40
article thumbnail

Digital Disruption and How Businesses Can Best Leverage It

Qmarkets

McKinsey Quarterly, May 2016 [/caption] For those prepared to leverage the new business environment that it can bring, however, it can drive tremendous and unexpected advancement within an organization. caption id="attachment_25148" align="alignright" width="450"] "An incumbent’s guide to digital disruption".