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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

Discontinuous innovation represents a seismic shift in how industries function and evolve. By definition, it refers to the introduction of groundbreaking products or services that fundamentally change market dynamics, often rendering existing solutions obsolete.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

A few years back, experts noted that the changes associated with the 4IR would come at an unprecedented rate yielding incredible results for those who truly embraced them. The biggest reason is dealing with the fear of the unknown – a lesson in 4IR change management. trillion in value to global manufacturing.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

This requires companies to proactively or reactively innovate their business models in order to remain competitive. In either case, companies are frequently forced to reinvent themselves by changing the way they have been doing business so far. Cases in point: Lego and Burberry.

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Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

Innovation can happen quickly, (known as radical innovation), or it can take place over time, (incremental innovation). Innovation requires creative thinking, imagination, and risk-taking. The three main types of innovation are product innovation, process innovation, and business model innovation.

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DON’T LISTEN TO YOUR CUSTOMERS!

Innovation 360 Group

They thought customers were buying film, chemicals, inkjet cartridges, workflow software, and so on. Kodak’s competition was not just other camera and printer companies, but entirely new innovations like social media. The real lesson is that Kodak lost their way because they lost sight of what people were buying.

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Co-creating volume 3

Innovation 360 Group

or “What kind of business model makes sense based on changes in society?”. Both paths are very different from the Market Reader strategy, where organizations evaluate the competitive landscape objectively, using analytics to predict trends and capitalize on opportunities before the window closes.

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Co-creating volume 3

Innovation 360

or “What kind of business model makes sense based on changes in society?”. Both paths are very different from the Market Reader strategy, where organizations evaluate the competitive landscape objectively, using analytics to predict trends and capitalize on opportunities before the window closes.