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The answer is: 10 years to change a culture

Jeffrey Phillips

Typically, we are talking about moving a culture from its current set of values that has sustained the business, to a culture that helps the company compete in a new reality that may be different or more competitive or operate in a slightly adjacent market. US government testimony indicates that quality issues were rampant in 2016.

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Coopetition

CREATORS

Why Collaborating with your Competitors Can Be the Key to Innovation ** This is a continuation of the blogpost about different innovation governance models. the similar pursuit of collaboration and competition between firms producing or developing complementary or related products.

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Evolution of Hyperloop: Propelling innovation the Elon Musk way

hackerearth

He said the price for a ticket would rival that of an economy airline flight. While Musk was not developing any commercial Hyperloops and plans lay dormant for almost 3 years, SpaceX announced Hyperloop pod competitions in late 2015 to accelerate the development of functional prototypes.

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How to Keep Innovating in an Economic Downturn

Innov8rs

Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds. Usually, you need innovation for that, which means that you either adapt to current challenges or lag behind the competition. Organizations should make changes in their strategy, governance, engagement, and incentives.

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What is Digital Transformation in Business and Why is it Important?

Moves the Needle

Digital products in the hands of customers, such as banking, airline or music apps, represent the last piece of the digitization puzzle since many of the back-end systems and processes became computerized over the last several decades. Google Search Data for the phrase “digital transformation” from Google Trends.

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Can You Afford Your Legacy System?

Daniel Burrus

In another blog , I noted how outdated technology grounded thousands of aircraft for both Southwest and Delta Airlines. In a more recent episode, British bank Tesco shut down online banking in early November after 40,000 accounts were compromised, with half of them being hit by fraudulent transactions by hackers.

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A new value chain for next-generation mobility

Corporate Innovation

The competition will be for the right experience (i.e., This is common practice today in the airline industry. I am calling this function out as a separate part of the value chain because, as it is increasingly happening in the airline industry, the fleet operator may decide to outsource its fleet’s maintenance to a specialist.