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Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

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Why you should care about the Creativity Era

Innovation 360 Group

The Creativity Era: fast-moving markets, hyper competition and companies’ shrinking lifespan…. The era of creativity, also referred frequently by Philips and ADLittle, to mention two examples, presents the following characteristics: Rapidly expanding global competition , pushing companies to find new competitive advantage quicker.

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8 Customer Experience Stats Every Leader Needs to Know

Planview

Leaders in innovation are tasked with driving changes that will enable their company to gain and maintain a competitive edge. the estimated cost of customers switching due to poor service is $1.6 It doesn’t matter if you’re B2B or B2C, people talk. In the U.S., Source: Accenture. And when they talk, others listen. Probably not.

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8 Customer Experience Stats Every Leader Needs to Know

Planview

Leaders in innovation are tasked with driving changes that will enable their company to gain and maintain a competitive edge. the estimated cost of customers switching due to poor service is $1.6 It doesn’t matter if you’re B2B or B2C, people talk. In the U.S., Source: Accenture. And when they talk, others listen. Probably not.

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Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

On top of this, from an incumbents’ point of view, there are legitimate reasons for rejecting a new technology. But incumbents would be willing to make changes if a new technology proves to be truly disruptive and the long-term benefits are worth it. Digital Transformation. Even fewer are actually investing in them. (…).

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You Are Being Digitally Disrupted – Do Something About It

The Inovo Group

This is the AI-assisted world that is the result of the internet-of-things, blockchain, advanced analytics, machine learning, natural language processing or other digital technologies being implemented today. By reducing economic friction, digitalization enables competition that pressures revenue and profit growth.

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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.