How to be More Agile as Competitive Advantages Fade

New Market 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been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated.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.

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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.

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation. The new service is called Digital Technology MoshPit. .

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. Being agile would not have helped.

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Where speed, innovation, technology and strategy collide

RTI Innovation Advisors

Digital transformation - a "third wave" of information technology that creates an entirely new way to capture real time data and perhaps make sense of that data on the fly, could radically change how businesses operate, how they make money and how they interact with customers, consumers and suppliers. We aren't quite certain yet how IoT, Blockchain, cryptocurrencies, artificial intelligence, robotics and other technologies will change things.

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.

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Digital technology is changing the innovation ‘game’

Paul Hobcraft

Digital technologies are beginning to have a real impact on the methods, approaches, and rates of our innovation outputs. Social technologies are giving us real-time understanding. Competition is changing, markets are blurring and customers are becoming far more vocal.

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. More agility. Agile

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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 employs technology, focused creative teams, new manufacturing processes, and communications to remove time and waste when creating post-sporting event apparel featuring the winners and exciting story lines.

How to Increase Organization Agility and Speed of Innovation

Innovation Excellence

We talk so much about the accelerated rate of change; how technology, competition, launching new products and services are constantly changing. Doesn’t it feel like change is the word of the year?!

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Technology leads, innovation exploitation is lagging

Paul Hobcraft

It will be how and where a business or entities of business come together and see where ‘people, things and their business offering’ can come together for mutual value based on the unique combinations of the different technologies available.

The Transformation of IP Technology

Anaqua

The accelerating pace of technological advancement is both unmistakable and inexorable today. These assets are bringing about exciting things in several areas: infrastructure and automation, new technologies, and improved integration of actionable data, analytics, and decision support.

Gartner EA & Technology Innovation Summit

ITONICS

Big corporations more and more seek ways to team up with startups to get a competitive edge and embrace the “digital native” way of working. Partnering with technology-driven startups makes corporates more agile, innovative, and able to respond quickly to market changes. The post Gartner EA & Technology Innovation Summit appeared first on.

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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. Where did Agile come from?

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Tesla Is Redefining the Customer Experience

Daniel Burrus

Any time you can make the competition seem like they are offering yesterday’s features and functions, and you are offering tomorrow’s, you can accelerate growth well into the future. . The majority have embraced the idea of agility as the best way to turn rapid change into an advantage.

Chaos Learning: The Key To Mastering Uncertainty

Game-Changer

It’s a given that The Next Economy will be driven by 10 essential technologies , some of which are already a big part of our daily lives. Traditional strategy thinking is about making long-term commitments that will result in competitive advantage.

Change Your Thinking, Improve Your Results

Daniel Burrus

Legacy Technology—Dangerous But Also Diverting. Legacy thinking has a better-known cousin—legacy technology. Legacy technology is a major headache. But legacy technology isn’t just a problem in and of itself—it can blind leaders to the perils of legacy thinking.

How to Avoid a Cliff

Mike Shipulski

Much like living organisms continually evolve to secure their place in the future, technological systems can be thought to display similar evolutionary behavior. And it’s the same with technological systems. In technology lingo, the rate of improvement of the technology is slowing.

Scrum: understand how the framework can add value to your business

mjvinnovation

With the premise of anticipating the unpredictability within a project, through interactive cycles and regular adjustments, this agile tool ensures that the effort used and deliveries made are in balance with the goals established for the project. Adding value through Agile Mindset.

The Goliath Advantage

Digital Tonto

It’s true that small, agile firms can move fast, but larger enterprises have the luxury of going slow. Collaboration Is The New Competitive Advantage. All Posts Management Technology

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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? We need to design our systems to be highly agile.

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Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

The Innovation Lab methods are also suitable for process innovations , for example in secondary processes such as Human Resources or Finance & Controlling, since technologies such as Artificial Intelligence or Human Machine Interaction per Voice also have an influence here.

4 Ways to Amplify Digital Innovation in 2018

Gregg Fraley

Has there ever been a moment in time when so many new technologies are washing over us all at once? The elephant in the room is that the new technology requires a truly different approach. Learn and understand the technology. You need to learn more about digital technology.

Lessons from Silicon Valley on Innovation and Engagement

IdeaScale

The era of the “data economy” is well and truly upon us, meaning that companies must be more agile than ever before. Adapting to change requires constant innovation across all industry verticals, and there’s no better Petri dish for innovation than the booming technology sector.

Why mindsets matter in digital innovation

ImagineNation

Flexible organizations will be more open to changing processes and structures, valuing agility and responsiveness in meeting new and emerging needs of stakeholders, partners & consumers.

Swimming along a road in a flood of digital transformation

Paul Hobcraft

Firstly we do need to recognize technology is inseparable in what we do going forward. The sheer scale and impact of how technology is evolving needs a massive mind shift. I am so caught up in transformation, no, actually I am swimming in it.

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.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. There is a strategic resistance, there is a lack of organizational agility and still not the level of commitment this is required, driven from the top.

Connecting Innovation is the New Order of Play

Paul Hobcraft

We are seeing profound shifts that technology and digital transformation are bringing us to deliver innovate differently. Aligning People, Technology, and Innovation in Design-always and each time. There is a lot of change occurring in our innovation abilities.

Mapping the customer journey is the top driver for digital transformation

Paul Hobcraft

Back in 2014 at the time of the last survey by Altimeter, only 25% of companies undergoing some form of digital transformation had mapped the customer journey, as now 88% cited CX as the driver of change and why technology was the necessary solution.

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Is this really breaking the traditional model on Innovation?

Paul Hobcraft

The concept of having any “applied innovation exchange” coming from Capgemini should be promising, as somewhere to go as they are a leading technology consulting practice. I came across the recent launch of Capgemini’s Applied Innovation Exchange today, it left me puzzled.

The chance to think differently about Ecosystems for Innovation

Paul Hobcraft

Conditions for innovation – we need to develop the ability to ‘sense and respond’ to shifts in markets, from the competition and evaluating these changes in ‘real time’ and we will become far more reliant on data and analytics for this.

Choosing your direction of travel

Paul Hobcraft

Digital connections and technology platforms. Technology is still not being fully embraced, putting to use the enormous power of data, medicines or science that sits inside these organizations.

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Innovation System Thinking on a Sunday! What, no roast or glass of wine? Later.

Paul Hobcraft

Constant improvement often makes up the business as it continually improves on its offering and we are all caught up in this, as technology is continually changing, allowing us to apply what we are learning and as we plug into the feedback we are getting from the market.

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Winning in 2019: Thriving in the Age of Uncertainty

The Human Factor

The Internet and social media combined with continual advances in technology have been turning markets and industries upside down for two decades. In other words, get really good at being nimble, flexible and agile. Look beyond your boundaries for competitive threats.

How to enable Disruptive Innovation in an enterprise? [video included]

Be-novative

Encouragement, reward and validation This is why it makes sense to create an alternative innovation competition inside your company: A 3-month-long or a 6-month-long competition on who can create the innovation challenges with the most impactful outcome is a perfect starting point.

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What Are Innovation Solutions?

eZassi

The best solutions tend to be a combination of technology and services. While we tend to think of innovation in terms of new technology, solutions can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services so that the best solutions tend to be a combination of technology and services.

Achieving Disruptive Innovation

The Human Factor

The technology built into these devices wasn’t all that new, but Apple put them together in a way that allowed people to do things they couldn’t do before. But it doesn’t provide much of a competitive advantage, and rarely delivers enough value to put you in a position of market leadership.

Relating to the New Innovation Era

Paul Hobcraft

Innovation is advancing but most of it has been designed for a different time, the old era of stable markets, predictable solutions and having a clear sense of your competition. Aligning People, Technology, and Innovation in Design.

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The backdrop of digital transformation and its consequences

Paul Hobcraft

Digital transformation is doubly difficult, it forces us to work with mostly emerging, constantly evolving technologies, and then apply these in an integrated way into an existing business. We have to embrace new technology – or leave the stage.

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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position. Digital business transformation is an organisational change journey to adopt digital technologies and business models to improve performance.

Focus On Customer Experience – Your Customers Will Thank You

Leveraging Networks

This heavy customer focus is driving companies to adopt new, competitive business models in order to keep up with consumers’ needs: personalized products, services, and delivery experiences. Keeping up with these necessities in modern business can be tough, especially when the rapid advances in technologies such as artificial intelligence, machine learning, the Internet of Things, and blockchain promise significant changes and disruption to many industries.

Leading In A World of Disruption

Daniel Burrus

In today’s world of technology-driven transformation, leaders need to embrace a new leadership principle if they want their organization to be relevant today and in the future. The pace of disruption forces agility, causing leaders to react, crisis manage, and put out fires on a daily basis.