Pace of Innovation – The Ultimate Competitive Advantage

Idea to Value

When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. You need the ability to adapt to change, and innovate, faster.

Are You Doing Agile Right?

Leapfrogging

What is the Agile Innovation Process, and what are best practices, tools and online templates for teams and organizations? Today, everyone wants to be agile. It’s seen as sexy and cool to be agile, but most people don’t know what the term really means. Still, concepts like agile design and agile software development have taken over the popular zeitgeist recently, and businesses are looking for ways to develop the agile mindset at every possible opportunity.

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Why Agility Cannot Stand Alone

Daniel Burrus

When the competition launches a new product, how you react says a lot about you as a professional and your company as an organization. But it is likely that you act quickly and decisively to address the changing factors and conditions after they’ve occurred. This is called agility, and we often utilize agility to change directions and head the competition off at the pass. Was agility the driving force behind Uber’s dominance in ridesharing?

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Agility and Anticipation—A Vital Partnership

Daniel Burrus

While exponential change is always moving, businesses and even whole industries traditionally move slower than they should, often finding themselves disrupted and working hard at being agile alone. Pandemic or not, the escalating exponential pace of disruption and change should not be surprising. Given the initial slow pace of exponential change, it makes sense that agility is the established tool of many organizations—the act of reaction. Agility Isn’t Enough.

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Cultivating A DEI Garden Where Seeds of Innovation Grow into Creative Breakthroughs

To thrive from unprecedented challenges and sustain organic growth in a globally competitive environment, we must leverage innovation as a driving force, along with agility, adaptability and resilience. Many studies around innovation lean into the technical and process side of the equation but barely explore the cultural aspect — a sustainable foundation of innovation. Research proves time and again that there exists a powerful connection between innovation and diversity, equity, and inclusion; our challenge is to build a vital cornerstone for change by optimizing that connection. That is where nurturing a cultural foundation for innovation starts. This article aims to call out some critical aspects of achieving that goal by connecting the dots of evidence-based research, corporate practices, and personal reflection.

Agility Levels the Playing Field. Anticipation Changes the Game.

Daniel Burrus

To jump ahead with both confidence and lower risk, you will need more than agility. Agility. Agility serves an important role helping companies react quickly to unforeseen change. The biggest advantage to an agile organization is that they can react faster than their slower competitors. Unfortunately, reacting and responding quickly provides less advantage every year as the exponential pace of technology-driven change accelerates.

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How to be More Agile as Competitive Advantages Fade

New Markets Advisors

For years, Columbia Business School professor Rita McGrath has been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. The world is evolving too quickly for competitive advantages to last for a meaningful amount of time. While the value of leveraging your organization’s competitive advantages isn’t gone, it is diminishing. The breadth of its user base is certainly a competitive advantage.

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Agile tools for remote teams

mjvinnovation

Agile helps manage teams by offering greater operational flexibility, resulting in a competitive advantage. Agile practices also result in the following: Reduction of bureaucracy and micro-management in projects. Improve the ability to adapt quickly to changes in direction. Learn more: Remote team management: how agile practices can help! Agile tools for remote teams. Confira o post: Agile tools for remote teams em MJV Technology & Innovation.

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Empowering Every Resident with Tools for Change and Innovation

Braden Kelley

What if you could empower every citizen with tools that will help your city, state or country innovate and change faster than the competition for a penny a person?

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4 Ways Agility Protects the Status Quo (And 5 Reasons Anticipation is Better)

Daniel Burrus

Agility is one such strategy—the often vaunted capacity to react to change as quickly as possible to address problems and changing market conditions. Does that make agility an extinct dinosaur? Why Agility Is No Longer Enough. Agility needs to be balanced with a new key strategy—becoming #Anticipatory. Countless organizations have long prized agility as the best way to deal with the speed of change and disruption. The Place for Agility.

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How to Increase Organization Agility and Speed of Innovation

Innovation Excellence

Doesn’t it feel like change is the word of the year?! We talk so much about the accelerated rate of change; how technology, competition, launching new products and services are constantly changing. Change Innovation Interviews Braden Kelley Change Planning Toolkit Charting Change Experiment Canvas Stoking Your Innovation Bonfire

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Next Generation Technology for the Agile Enterprise

SnapStrat

We founded SnapStrat on the premise that rapidly accelerating business cycles demand unprecedented levels of agility in technology supported by critical technology-enabled business functionality: Adaptive Data Models : The ability to consume and analyze a wide variety of data sources from constantly changing data models without rebuilding functionality. Achieving these objectives required a fundamentally new architectural approach focused on agility and integration.

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Agility and Anticipation, a Tale of Two Business Strategies 

Daniel Burrus

When the competition launches a new product, how do you react? Chances are, you act quickly and decisively to address the changing factors and conditions. In short, you use agility to change directions and head the competition off at the pass. Put them in context with the concept of agility. Agility doesn’t allow you to innovate and jump ahead of the competition. Was agility the driving force bhind Facebook’s dominance in social media?

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Discover how Agile revolutionized MJV Marketing

mjvinnovation

Around here, we are champions in promoting changes and taking ideas off the drawing board … but it wasn’t always like that. Before Agile, MJV’s marketing team encountered many difficulties in dealing with its routine challenges. The need for change was clear, so we decided to rethink the way we did things. Every change generates discomfort. An Agile Coach for Agile Marketing. Our perception on the benefits of Agile.

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Agile Coach: What is the role of this professional?

mjvinnovation

In this article, you will see what exactly agile coach does, what benefits it can bring and how to take it to your company. What an Agile Coach does within an Agile team. Agile Coach helps train corporate teams in agile methodology and oversees team development to ensure effective results. This professional is responsible for guiding teams during the implementation process and has the task of encouraging employees and leadership to adopt the agile methodology.

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Future-proof Companies: Combining Agility with Ambidexterity

Integrative Innovation

From frequent discussions and readings I have come to realize the following: Agility and Ambidexterity can be considered two distinct organizational capabilities and design aspects for future-proof companies (-to-be) that often get mixed up or even confused: Agility : Organizational capability of dealing with uncertainty and adapting a company’s core business to (rapid) changes in the market environment.

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Developing an agile innovation strategy

Idea Drop

Agile project management involves dividing tasks into short phases of work, or ‘sprints’, with continuous reassessment and adaptation of plans. Stemming from the word agile, meaning to move quickly and easily, it is no surprise that such a methodology goes hand in hand with innovation. Yet this discernible link is too often overlooked and it is exactly this refusal to acknowledge the compatibility of innovation and agile processes that frequently leads to innovation failures.

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Integrity as a Competitive Advantage

The Human Factor

Keep customers and vendors informed of changes that could affect your relationship with them. The post Integrity as a Competitive Advantage appeared first on The Human Factor. Green integrity Pause-Think-Focus Science of Thinking strategic agility The Human Factor Using Your Brain to WinRemember when we used to look up to our political and business leaders as role models for honesty, integrity and good character? Me neither. Actually, I do.

Digital technology is changing the innovation ‘game’

Paul Hobcraft

This ‘knowledge is becoming out of date before we can learn from it and sometimes highly dangerous to follow or believe in some rapidly changing times. We need to change our thinking and design in the digital insight part more specifically within and along the innovation process. Technology in all its forms is altering the innovation game but are we adapting to this radical change potential?

Agile Mindset: How to Use Sprints to Streamline Projects

mjvinnovation

Keep reading to see how successful executives are achieving results in their everyday business through incorporating agile methodologies like SCRUM! The agile mindset. Before we get into the agile mindset, we need to remember that it is linked to Agile Philosophy. Agile Philosophy came from the Agile Manifesto, when a small group of people got together in 2001 to discuss their feelings about the traditional approach to project management for software development.

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Agile Strategy – 16 Strategic Thinking Questions to Explore Disruptive Innovation

BrainZooming

Fanatics introduced disruptive innovation to its marketplace with an agile strategy. It also uses its agile strategy to market apparel for niche opportunities where it might sell as few as ten t-shirts. Along with the recap, Inside the Executive Suite offered sixteen strategic thinking questions inspired by the Fanatics case study that you can use to explore agile strategy options within your own organization. Developing an Agile Strategy.

Agile Sprint: how it brings efficiency to your business

mjvinnovation

Agile practices transform business in multiple directions, providing powerful models of product and service creation, project management, and much more. In this article, you will understand what agile practices are, what benefits this approach offers to your company. You’ll also understand how Sprint’s approach, derived from Agile, can boost results. What are Agile Practices. Competitive advantage. Cultural change of the seed through delivery.

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Building a Culture that Thrives on Innovation Agility

Innovation Excellence

We are living in an age of disruption, where changes are accelerating making innovation a strategic and systemic necessity and competitive lever to ensure your organization's survival and sustainability. Living now in what Daniel Pink describes as “The Conceptual Age” our attention needs to be on both enhancing creativity, agility and in developing customer empathy.

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Change the Bank: banking industry rules are changing

mjvinnovation

We have no way of answering that question, but we know that the truth is this: the rules of the financial market are changing, and it’s no surprise. Why then, is there still resistance to Changing the Bank? But what is Change the Bank? Change the Bank is the first step.

Everything is changing faster- can we respond differently in our Innovation work?

Paul Hobcraft

I was pondering some thoughts around the quest for growth, the demands for change, and the need to become nimble, agile, and more dynamic in what we do. We continuously want to change what we have, even when it patently does the jobs we need ‘it’ doing. Often products and services never have time to settle, and the shift to ‘greater’ adoption can take place, we instead return to making change. Much of our quest for change is caught up in the search for new products.

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How agile practices can solve remote team management problems

mjvinnovation

In this article, you will reflect on the challenges of remote team management and how agile practices can help you make the transition efficiently. In most cases, this requires a good change in the corporate mindset, employees can no longer work within the reach of their leader’s eyes, and that outdated mindset must be overcome. . Agile’s best practices to manage your team remotely. Sprints are the key to managing an Agile team.

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How Change Management Software Promotes Innovation

Kainexus

Agility is perhaps one of the most essential qualities of successful modern companies. The ability to adapt to changing marketing conditions and customer needs is crucial to survival in today’s hyper-competitive environment. Organizations that are prepared to change when necessary can capture new opportunities, eliminate threats, and delight customers. Change management software helps ensure that change does not become chaos.

Our inabilities to adapt needs changing.

Paul Hobcraft

They become fixed, rigid and locked into their established ways, not adapting to the changes occurring around them. Then it becomes a mad scramble to transform ourselves, often with damaging consequences of deteriorating performance, battling more competition that are sensing our weakness, never capable of returning to those previous highs. If we can’t adapt to changing times, we simply struggle to survive, that is the growing reality operating in today’s environment.

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Change Your Thinking, Improve Your Results

Daniel Burrus

Change Your Thinking and you will Change your Results. One example is agility, the ability to respond quickly to changing events and market conditions—a seeming silver bullet. Agility is very important, but the benefit of reacting and responding to change decreases as change itself accelerates. We are now in a period of transformational change. Change Your Thinking, Change Your Results. Take agility.

10 Excuses for Not Developing Strategic Agility

The Human Factor

In today’s warp-speed business world, strategic agility – the ability to move fast with flexibility and focus – is no longer a competitive advantage. If your organization can’t adapt on the run without losing sight of winning, your competition will soon be looking at you through their rear-view mirror. Afterwards, many of the questions posed to me have to do with how to develop more agile organizations that can respond quickly to changing market conditions and customer needs.

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Agile Methodologies: learn how Scrum can add value to your business

mjvinnovation

Aiming to anticipate a project’s unpredictability through interactive cycles and regular adjustments, this agile tool ensures that the effort employed and the deliveries made are in balance with the goals set for the project. Adding value through agile methodology. When this agile methodology is applied, it will lead to the improvement of the performance of a product or service in the market, by focusing on the real needs and desires of your customers. Agile

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Hindsight from 2020: Strategies for the New Normal

Daniel Burrus

These days, you can find a slurry of memes and motivational graphics on social media alluding to the concept that you must always beat out your competition in business. Seek Advantage Instead of Competition. Don’t copy what the competition does; do what they aren’t.

How To Fail At Cultural Change

The Human Factor

According to the human capital research firm I4CP , more than half of the surveyed companies had recently or are currently undergoing a major cultural change. Unfortunately, less than 15% rated the change initiative as highly successful and only 1 in 25 said the venture was very highly successful. Not exactly what I would call a glowing report card for cultural change. Developed a change model that emphasized the values and behaviors needed: 42.7%

Which pace of change to align to?

Jeffrey Phillips

You've heard it before - the pace of change is accelerating. Change is real, and change is accelerating. Whether we are talking about change in your global markets, in your industry or in your customer base, change is everywhere. The real question isn't: should we change? The question isn't even: should we become more agile or more nimble? It's "which change benchmark should we pay attention to?" How good is your competitive intelligence?

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How Do Organizations Build and Reap the Benefits of Agility?

AureaWorks

Organizational agility is one of the primary ingredients to success for many organizations. Ralph-Christian Ohr describes organizational agility as, “An organization’s ability to renew itself, adapt and succeed in a changing, and often highly dynamic and unpredictable, environment.” This article will explore how organizations can build this agility into their processes and claim the competitive advantages it provides. Understanding Organizational Agility.

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How To Fail At Cultural Change

The Human Factor

In my previous blog, I noted that 56% of the organizations that participated in a survey by I4CP, a human capital research firm, reported recently or currently undergoing a major cultural change. What I didn’t mention was that less than 15% rated the change initiative as highly successful (12.2%) or very highly successful (2.5%). Not exactly what I would call a glowing report card for cultural change. Defined and agreed to clear measures of cultural change: 34.3%.

Complacency Stunts Innovation

Daniel Burrus

The same can hold true for newer employees in an organization, as changing may seem like a risky proposition in the early stages of their career. Change Isn’t Complacent. You may have started in the lead; however, the environment is always changing, so reveling in the status quo opens a window for both old and new competitors to disrupt you. Agility Without Anticipation.

Bringing User Centered Design to the Agile Environment

Boxes and Arrows

I had worked with SCRUM before, done training with Ken Schwaber (author 1 and co-founder of the Agile Alliance) and knew a few things from experience about how to achieve some success integrating a design team within SCRUM. I am not anti-Agile although I’ve been bitten a few times and feel trepidation when I hear someone singing its praises without having much experience with it. Where did Agile come from? Agile can be thought of as a risk-management strategy.

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Open Banking: what changes in terms of our relationship with money?

mjvinnovation

We don’t want to keep harping on this, but our world has changed a lot in the past months. Covid-19’s global pandemic caused the rapid and intense change – including technological changes – that transformed everyday life.

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Collaboration is the new competitive advantage

IdeaSpies

In 1985, a relatively unknown professor at Harvard Business School named Michael Porter published a book called Competitive Advantage , which explained that by optimizing every facet of the value chain , a firm could consistently outperform its competitors. Certainly, companies like Apple and Southwest are still able to dominate their industries, but the source of advantage has changed.

Six Levels of Leadership

Innovation Excellence

It has to do with change, agility, problem-solving ability, the awareness needed to be able to adapt to an increasing complexity Continue reading → Build Capability Business Models Change Cognition Competitions Consumer Innovation Creativity Culture & Values DisruptionThe network economy, in which nearly everything is available to nearly everyone, imposes a new requirement on leaders. This new requirement is at the heart of leadership.

Build Trust Before Trying to Transform Your Organization

Innovation Excellence

I was recently invited by Accenture Strategy, along with other thought leaders such as Bruce Weinstein and Andrew Winston, to discuss its research on trust and competitive agility. In a study of 7000 companies the firm found that trust among a diverse ecosystem of stakeholders is increasingly becoming a competitive advantage. Change Innovation business transformation

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Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

Can we find ways to be highly adaptable, agile and fluid in grabbing and taking the parts of the innovation system and constructing them into that design and process that works for that specific challenge? These help us to figure out what is changing. Today there is a relentless pace; we are facing a relentless change occurring. We run increasing risk that we begin to lose any dominance or competitive position increasingly. We need to make this case for change.

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