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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.

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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been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated.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. And new entrants have been finding scrappy ways to ensure that they have sufficient funds, information, and talent to compete with incumbents.

Agile 40
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Caught in the Headlights of Disruptive Innovation.

Paul Hobcraft

This past weekend I had an extended period of re-reading about the effects of disruption that seems to be occurring across all points of business, our politics, our governments, it seems across our lives. The evenings playing different card games or board games, as the temperatures dropped outside to minus six centigrade, the competitive nature raised the inside temperatures significantly. All good plans sometime get disrupted. The new cooking recipe for business disruption.

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Implement Anticipatory Solutions Instead of Reactive Responses

Daniel Burrus

In years past, many businesses have succeeded with an agile, reactive approach to business where they respond to climate, competition, and social circumstances in an “after the fact” way.

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What This Video Of A Drone Fishing For Tuna Can Teach You About Disruption

Faisal Hoque

Here’s what an agile mind-set’s made of. Want to know what disruption looks like? AGILITY: IT’S ALL IN YOUR HEAD. Thriving means being able to identify, understand, and respond toreal-time to change and disruption. HOW TO PRACTICE AGILITY.

Video 52
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What This Video Of A Drone Fishing For Tuna Can Teach You About Disruption

Faisal Hoque

Here’s what an agile mind-set’s made of. Want to know what disruption looks like? AGILITY: IT’S ALL IN YOUR HEAD. Thriving means being able to identify, understand, and respond toreal-time to change and disruption. HOW TO PRACTICE AGILITY.

Video 52
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Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services. To counter the threat of disruption, financial organizations must innovate in order to stay ahead of the competition. The Issue of Information Security.

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How Chief Innovation Officer (CINO) may replace the traditional Chief Information Officer (CIO)

hackerearth

According to Andy Rowsell-Jones, VP at Gartner, “The CIO’s role must grow and develop as digital business spreads, and disruptive technologies, including intelligent machines and advanced analytics, reach the masses. When the Internet arrived 20 years ago, it necessitated roles such as the Chief Technology Officer (CTO) and Chief Information Officer (CIO). Innovation is the way to stay competitive.

Survey 61
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Building the Innovation Business Case

Paul Hobcraft

Much of the information is imperfect, the returns are often fuzzy and the doubters ready to block and deter new ideas from entering the commercialization process.

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Future-Proofing Financial Market Innovation – Fighting Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services. To counter the threat of disruption, financial organizations must innovate in order to stay ahead of the competition. The Issue of Information Security.

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Disruptive innovation: a risk worth taking?

Idea Drop

Type the word ‘disruptive’ into Google and suggested synonyms include ‘troublemaking’, ‘unruly’, ‘riotous’, ‘undisciplined’ and ‘turbulent’. Disruptive innovation is a divisive topic. Disruptive innovation gets a lot of bad press. American historian Jill Lepore recently launched a vehement attack on the concept, branding it a ‘competitive strategy for an age seized by terror’. The catch is that disruptive innovation only works when it is done well.

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Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services. To counter the threat of disruption, financial organizations must innovate in order to stay ahead of the competition. The Issue of Information Security.

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Reinvention: Accelerating Results in the Age of Disruption

Innovation in Practice

A SIMPLE FORMULA AND SET OF TOOLS FOR FACING AND EMBRACING DISRUPTION AND RADICAL CHANGE. Technology, globalization, economic shifts, geopolitical shocks, and, yes, management thought leaders over the past 30 years have set in motion a continuous onslaught of radical, discontinuous change in the global business environment that will not abate anytime soon. The opportunity to proactively leverage disruptive events in an effort to leapfrog the competition and actually accelerate results.

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Digital Disruption and How Businesses Can Best Leverage It

Qmarkets

At some point, digital disruption comes for every organization. While some companies might be flexible and lucky enough to ride a wave of disruption and survive , if you are able to predict and prepare for it accordingly you might be able to use it to thrive. Unless well planned and executed, digital disruption – the inevitable deluge of new tools and processes that is part and parcel of refining digital business processes – can be akin to managing a natural disaster.

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Digital Disruption and How Businesses Can Best Leverage It

Qmarkets

At some point, digital disruption comes for every organization. While some companies might be flexible and lucky enough to ride a wave of disruption and survive , if you are able to predict and prepare for it accordingly you might be able to use it to thrive. Unless well planned and executed, digital disruption – the inevitable deluge of new tools and processes that is part and parcel of refining digital business processes – can be akin to managing a natural disaster.

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

Qmarkets

Companies across multiple sectors have launched collaborative efforts to gather disruptive new ideas, harness new technologies, and achieve greater sustainability. With the steady increase in competition, large corporations are more preoccupied than ever with securing data relating to the successes and failures of rivals. Amplifying Agility via Corporate-Startup Collaboration. 2018 has very much been a year of “epic partnerships”.

Trends 74
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INNOVATION TEAMS DONT INNOVATE!

ImagineNation

Delivering these, as smart and multi-disciplinary teams in ways that are timely, agile, and disciplined that potentially support and bring significant value to customers, the market, and to the organisation.

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HOW ENTREPRENEURS CAN UTILISE SOFTWARE

ImagineNation

Managing Disruption. No business is immune from disruption. Whether this is changes in a commercial marketplace, a focus on new and emerging technology, or large-scale societal upheaval caused by completely unforeseen circumstances, disruption is inevitable.

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BEING PLAYFUL AND EXPERIMENTAL TO CREATE AND INNOVATE

ImagineNation

This also helps us develop our learning agility – “learning what to do when you don’t know what to do” especially important in a world of constant and disruptive change.

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CO-CREATING FUTURE-FIT ORGANISATIONS

ImagineNation

The purpose of an innovation team is to create a safe environment that unlocks organisational and its key customers and external stakeholders’ collective intelligence and innovation agility (capacity, competence, and confidence) to build the capability to change as fast as change itself.

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Simplifying strategic alignment – building resilient and sustainable organisations

ImagineNation

The outcomes included increased cohesion, collaboration, and agility, making them resilient and sustainable as high performing and fast-moving effective teams – who responded quickly to change, often in the face of disruption and adversity. I since evolved Compass Learning, more than six years ago, into ImagineNation where our focus is on enabling people and organisation to be, think and act differently to adapt and grow through disruption.

System 45
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You Are Being Digitally Disrupted – Do Something About It

The Inovo Group

An AI could be “sitting” on your board of directors, at the right-hand of your CEO, informing and guiding major decisions. There is an apparent split between companies that find it easy to build a collaborative, customer-centric culture (smaller, more agile startup-type companies) and those that don’t (i.e., By reducing economic friction, digitalization enables competition that pressures revenue and profit growth.

Groups 40
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4 Radically Practical Strategies to Elicit Commitment & Accountability in Today’s Climate of Change and Disruption

MSSBTI

It is challenging to get people’s attention in this age of information overload. It is also the disruption that constantly changes our business models, our strategies and our world as we know it. Some of the more popular examples of business “disruption” include Netflix disrupting the video rental world, Amazon disrupting the retail world and streaming technology disrupting the music world.

Meeting 40
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The innovating power of ecosystems and platforms

Paul Hobcraft

It proliferates, is dynamic and constantly evolving where everyone contributes, everyone benefits in a shared ‘commons’ but within a unique entity offering sustaining competitive advantage, solving complex problems but providing individual needs and returns. We are forming external relationships in many different ways as this increased diversity does matter to each organization for building different competitive positions in their innovation offerings.

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Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

Still, its need is to be far more fluid, adaptive and agile in what it processes and manages, especially in today’s challenging world, adapting to today’s challenges and working towards the future. We need both informal mechanisms and formal ones.

Design 130
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Re-think Your Next Re-org

Moves the Needle

Companies not hitting their targets or attempting to achieve some type of transformation, such as cultural, digital, or agile, are all potential reasons for reorganizing portions of the company. And one that results in speed, agility, and custom focus. Blog post Disruption Proof

Agile 52
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Our inabilities to adapt needs changing.

Paul Hobcraft

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. Unless we refocus our current management approaches to both be transformation and innovation, we will continue to face losing our competitive edge.

Change 244
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How Innovation Labs Must Evolve

Moves the Needle

However, innovation labs and teams were never (or at least rarely) going to create breakthroughs or disruptive innovations. The future of successful innovation labs is NOT to take on the responsibility of invention or figuring out new business models that will disrupt their industry. However, there’s no evidence supporting the idea that non-technical companies, which are not inventing technology, need to do breakthroughs or disruptive innovation. Blog post Disruption Proof

LEAN 40
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Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

The 3H informs the decisions to be taken, by recognizing their importance to the future and ‘frame’ resource allocation, identify current capability gaps to resolve. I would argue this fits within a constellation of partners all working towards delivering innovation that is highly valuable, radical, disruptive and distinctive. We run increasing risk that we begin to lose any dominance or competitive position increasingly.

Design 131
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The Perfect Conditions for Entering A New Innovation Era in 2017

Paul Hobcraft

We will see a significant acceleration of more innovation ecosystems, we are increasingly recognizing all the different collaborative tools increasingly at our disposal, we are exploring both platforms and forming ecosystems to radically alter the competitive edge previously seen to reside inside the single company. As we learn the value and power of these tools we become more fluid, more flexible and agile but equally more influenced.

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Social Networks and Big Data: the best strategy for getting to know your customers

mjvinnovation

However, many companies still do not know what to do with this information – or even measure it correctly. This whirlwind of information needs to be adequately captured, organized, processed and analyzed. Information used for social media analysis can be. Agile

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Rearrange Your Brain to Win

The Human Factor

By elite brain, I don’t necessarily mean being smarter than the competition or having advanced degrees or multiple fancy acronyms after our names. This does not serve us well when markets and entire industries can get disrupted overnight. agility goals Holly G. source.

Change 36
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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the pervasion of new technologies, lead to decreasing life times of existing business models. This requires companies to proactively or reactively innovate their business models in order to remain competitive. Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation.

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Covering Innovation My Way

Paul Hobcraft

I still get overwhelmed by the sheer information overload or advice that seems to be offered. Agility Innovation Specialists. Bringing agility, flexibility, adaptability and learning into the innovation equation. I set out to engage 100% in innovation work, it has been quiet a journey of discovery and then translating the parts.

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Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

Large organisations sense they are missing out on radically different business opportunities and cast their envious eyes towards the young start-ups, not just coming up with original ideas to solve existing problems and pent-up needs, but seeing the work as potentially disruptive to those managing in the existing space. It is toughest at times of setback or failure; it is being agile enough to deal with ambiguity, uncertainty and making a change, even when change is painful.

Agile 133
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Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

Large organisations sense they are missing out on radically different business opportunities and cast their envious eyes towards the young start-ups, not just coming up with original ideas to solve existing problems and pent-up needs, but seeing the work as potentially disruptive to those managing in the existing space. It is toughest at times of setback or failure; it is being agile enough to deal with ambiguity, uncertainty and making a change, even when change is painful.

Agile 133
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5G Entrepreneurs Creating Billion-Dollar Businesses

Daniel Burrus

Because of this, many industries will either be agile , reacting to an ever-increasing number of 5G innovators disrupting their industry, or they will be anticipatory innovators and use the predictability of 5G capabilities to become the disruptor. 5G wireless would essentially place companies like AT&T, Verizon, and the combined T-Mobile and Sprint in competition against Comcast and Charter Communications for services. Within the next five years.

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Maximize Your Enterprise Strategy Under Uncertainty

Planview

In today’s economic landscape marked by financial instability and disruption, it’s never been more critical for organizations to become adaptable to survive. This empowers your organization to make better-informed investment decisions and maintain an effective strategy under uncertainty.

Agile 52
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The innovation skills you need

Jeffrey Phillips

Panayioutou says that Coke needs people who can spot trends, help Coke analyze what customers want and create more agility and speed. She's looking for people comfortable with creating and promoting change, who can help disrupt existing products and markets. These skills and traits describe true innovators, people who can understand corporate strategy, find new opportunities through future scanning and customer research and create new products that disrupt the existing markets.

Agile 119
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Why mindsets matter in digital innovation

ImagineNation

The OGI® describes an organization’s mindset as a “cognitive style” involving a psychological dimension that is generally viewed as a preferred approach to processing information, decision making, addressing tasks and solving problems. In his book “Grow through Disruption” Dr Brett Richards explains that a mindset represents more how we think, it captures how we feel and how we act as individuals and as whole organizations.

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Making Real-Time Product Portfolio Data Analysis a Priority

Planview

As market turbulence accelerates, businesses across the globe are being forced to respond with speed and agility — or risk being left behind. Additionally, the same business leaders guessed that disruption would be an even more significant threat by 2030.

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Balancing the Big Picture and the Details

The Human Factor

These two personality types think, process information and make decisions very differently, and both bring a much-needed perspective to the table. It grows even more difficult when you consider that the speed, rate of change, and universal access to information have created a whole new set of demands that require your daily attention. Do any potential players have the capability to introduce disruptive innovation into your industry? By Holly G.

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Scale gives way to speed

Jeffrey Phillips

The new game, as demonstrated by a number of emerging disrupters, is captured in the book Unscaled and discussed at length in this nice blog post - one I wish I could have written. There are a couple of overlapping points here, but the main idea is that scale as a competitive weapon is increasingly passe. Scale is giving way to agility, speed and customer experience. Speed, agility and insight matter more.

Agile 129