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The Road to Innovation: Capricorn’s Idea Management Journey in the Automotive Aftermarket Industry

Qmarkets

Founded in the mid ‘70s by a handful of Australian service station owners working together to increase their purchasing power with major oil companies, today the organization is a 27,000-strong member-based cooperative supporting businesses in the automotive aftermarket industry in Australia and New Zealand.

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Find your worst nightmare… and make it come true!

IdeaScale

It’s commonplace knowledge that Uber’s next big leap will be to disrupt the traffic and automotive industry by introducing autonomous driving on a big scale. In this respect, they are doing exactly what companies should do: planning for the next big leap while they are still establishing the current one.

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What is innovation, and how can it benefit your company?

mjvinnovation

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. Besides, due to digital transformation, companies also need to develop more digital business models.

Company 40
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Unleashing Innovation: Mastering AI-Driven Design Thinking Strategies

Leapfrogging

By embracing AI-driven strategies, businesses can stay ahead of the curve and foster a culture of innovation that is crucial for success in today’s competitive landscape. One notable case involved a retail company utilizing data-driven empathy mapping to understand customer behavior and preferences more deeply.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Every successful company has one thing in common: a deep-seated commitment to innovation. Innovation isn’t just about the next big idea; it’s a multifaceted strategy that businesses employ to navigate through the twists and turns of today’s dynamic markets.

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Can Audi avoid its Kodak moment?

Cris Beswick

As alarming as this might sound, her perspective is probably rooted in acknowledging that the company cannot adapt quickly to changing customer preferences. In other words, the speed of change in the market is higher than the speed at which the company can meet those changes, making it challenging to remain relevant.

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Industry 4.0

eZassi

Industries including medical devices, biotech, aerospace, automotive, apparel, and food are finding applications for intricately designed, novel material customizations. Companies are successfully scaling additive manufacturing for mass customization; one relatable consumer apparel product example is from Adidas.