article thumbnail

Innovating when everything is "as a service"

Jeffrey Phillips

Where possible, we also need to consider how an existing or future product - no matter how "smart" or dumb the product is - will create data or use data - and what the data will mean as part of the value proposition. What's all of this have to do with innovating? We chose the latter.

Data 174
article thumbnail

From Strategy to Success: Harnessing Corporate Venture Capital for Growth

Leapfrogging

This involves a thorough analysis of the startup ecosystem to pinpoint ventures with the potential to disrupt existing markets or create new ones. Identifying and Engaging with Startups One of the primary objectives of CVC is to identify and engage with startups that align with the corporation’s strategic goals.

Strategy 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Designing Unique Workshops is hard work

Paul Hobcraft

We work this through then we go more into “ Convergent thinking ”, this is associated with analysis, judgment, and decision-making. Innovation is our 100% of our focus and we can, without question , advance your knowledge and insights across all of its complexities to be simplified through our workshops, dialogues and discovery approaches.

Design 243
article thumbnail

Why business model innovation is so compelling

Jeffrey Phillips

Commenters and consultants talk blithely about business model innovation as if existing companies can readily and rapidly change their business models on the fly. We can look at examples like iTunes, NetFlix and Airbnb as real business model disrupters. Which innovations expand the market and model (like Airbnb)? Absolutely not.

article thumbnail

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

There also continues today that industry disruption is increasing, by those spotting both opportunity and weakness in present market players. We are facing greater disruption and an increasing innovation pace. The prospect of new innovation potential will eventually work through into the world of Industry 4.0

Industry 213
article thumbnail

Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

The benefits of innovation include increased revenue, profits, brand recognition, market share, competitiveness, and productivity. The three main types of innovation are product innovation, process innovation, and business model innovation. Product Innovation. Process Innovation.

article thumbnail

Building upon the four essential pillars for innovation

Paul Hobcraft

Rick points out: “Corporate innovation efforts by and large continue to fall far short of moving the needle in any significant, sustained way or of delivering on the promise of future-proofing companies against ever-increasing disruptive forces. It has focused on supporting and reinforcing single entity product innovation.