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What is innovation, and how can it benefit your company?

mjvinnovation

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. Besides, due to digital transformation, companies also need to develop more digital business models.

Company 40
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Balancing Large and Small Firm Capabilities

Integrative Innovation

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.

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Scaling-Up: The Foundation

Integrative Innovation

But throwing more money into non-incremental innovation alone does not produce results. Playing Field 2 – Reshape the Core : Ensure (a) Adaptation of core business via industrializing ‘new but proven’ technologies and / or ‘some changes to the business model’ (e.g.

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Co-creating volume 3

Innovation 360 Group

Innovators following the Need Seeker strategy will be most interested in narrowing the spotlight on customers, partners, and clients to offer superior value to the market. In contrast, strategies based on Technology Drivers investigate problems, many of them unarticulated, and explore how the latest developments are reshaping various sectors.

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Co-creating volume 3

Innovation 360

Innovators following the Need Seeker strategy will be most interested in narrowing the spotlight on customers, partners, and clients to offer superior value to the market. In contrast, strategies based on Technology Drivers investigate problems, many of them unarticulated, and explore how the latest developments are reshaping various sectors.

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Davos Innovation Analysis: Will The Fourth Industrial Revolution lead to Households as employers?

Innovation 360 Group

We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. Digital fabrication technologies, meanwhile, are interacting with the biological world on a daily basis.

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Davos Innovation Analysis: Will The Fourth Industrial Revolution lead to Households as employers?

Innovation 360

We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. Digital fabrication technologies, meanwhile, are interacting with the biological world on a daily basis.