Stop Itemizing Everything: Move Beyond Competition

Daniel Burrus

Human beings are competitive in all circumstances, and it has only intensified in today’s predominantly technologically advanced world. But what if you could move beyond the idea of competition and no longer needed to see the competition as “competition,” necessarily?

Rediscovering sustainable competitive advantage

The Future Shapers

Sustainable competitive advantage? Most business leaders I talk to agree that the days of sustainable competitive advantage are over. They refer to the VUCA world we live in and point to the ever shorter half-life periods of business models and corporate strategies.

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A new competitive edge

The Future Shapers

Strategy is probably one of the most mystical and mystified words in the corporate vocabulary. Such as: that the success or failure of a product or company depends solely on the strategy used. Or that strategy development is a tedious process eating up countless hours.

Platform Revolution: How Platforms Change Strategy with Geoffrey Parker

Game-Changer

The internet is the big disruptor of our time , changing the advantage from products to platforms. He is the co-author of Platform Strategy , a book about the new competition and how digital platforms change competitive strategy.

Business Models Changing the Landscape of Growth and Innovation

Speaker: Cheryl Perkins, Founder and President, Innovationedge

Companies these days cannot afford to stand still! Cheryl Perkins, Founder and President of Innovationedge and a visionary business leader, will share best practices of companies who are defining and implementing new business models. These business models are used to create new pathways to value and deliver growth in today’s business climate. She will lead you on a journey through business model basics and describe how companies are taking innovation strategy to the next level while tackling the current challenges of talent management and innovation fatigue.

Collaboration is the new competitive advantage

IdeaSpies

In 1985, a relatively unknown professor at Harvard Business School named Michael Porter published a book called Competitive Advantage , which explained that by optimizing every facet of the value chain , a firm could consistently outperform its competitors.

Competitive Strategy – 7 Ways to Avoid “Never and Always”

BrainZooming

They reported the team’s defensive coordinator, Bob Sutton, told them that when planning competitive strategy , “I want to stay out of ‘never’ and ‘always.’”. What fantastic competitive strategy advice to incorporate this time of year as you implement new strategies.

Strategic Drift: How to avoid losing competitive advantage

Cascade Strategy

Of course, hindsight is 20/20 and it’s much easier to understand trends 10 years after the fact, we've already written about some of the worst business strategies in another article. What is strategic drift? If you fail to adapt to your environment your business will suffer.

The Essential Connection Between Strategy and Innovation

Paul Hobcraft

Most organizations are seeking solutions to the necessary connections between Strategy and Innovation. Often it is within the strategies that should be outlined, lies the potential new spaces to play for innovation’s design. Strategy informs”.

Top Strategy and Innovation Books of 2019

Leapfrogging

The best strategy & innovation books deliver new insights, examples and tools for reinventing business. I’ve recently written about the disruptive change and innovation upending markets like product packaging, travel and hospitality, management consulting, construction, healthcare, and manufacturing. What strategies will help us move fast and win? Connected Strategy: Building Continuous Customer Relationships for Competitive Advantage.

How to Influence People and Drive Change

Leapfrogging

What can you learn about change from Baker’s Four Strategies of Influence? This style of persuasion is effective in competitive sales environments or environments in which people are open to debate and collaboration. When thinking about the best way to persuade someone to come around to your way of thinking, consider leveraging this framework, often referred to as Baker’s Four Strategies of Influence. Innovation business models innovation strategy

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Measuring Innovation Performance

competitive advantage or be a USP, is what drives every organization. with the overall business strategy How much risk they carry What the trade-o?s customers, IP licensing or royalty Measuring ideas Ideas matter because they have the power to change the world.

Our inabilities to adapt needs changing.

Paul Hobcraft

They become fixed, rigid and locked into their established ways, not adapting to the changes occurring around them. If we can’t adapt to changing times, we simply struggle to survive, that is the growing reality operating in today’s environment.

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Tips for Established Businesses to Survive the Startup Surge

InnovationManagement

So much has already been said about what smaller, fresh companies need to do in order to gain a competitive edge in a well-developed market, but how often do you think about what those well-established businesses should do to achieve the same?

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How to Refresh Your Innovation Strategy in 2018

IdeaScale

Every lightbulb needs changing. Refreshing your innovation strategy is likely on your to-do list for 2018. Maybe you’re happy with your strategy, or just not sure how to improve. Did a new app change how you ate, worked out, commuted, organized your life?

How to be More Agile as Competitive Advantages Fade

New Markets Advisors

For years, Columbia Business School professor Rita McGrath has been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. The breadth of its user base is certainly a competitive advantage.

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How Do Your Employees Feel about Your Innovation Strategies?

IdeaScale

Are your employees engaged with your company’s innovation strategy? You can also devise other surveys or questionnaires for employees to answer that will reveal how they feel about your organization’s innovation strategy and whether they feel their contributions are important.

104 Possibilities to Disrupt Your Brand Strategy

BrainZooming

A similar phenomenon applies to brand strategy. While success can breed success, it can also lead to blindness about the importance of trying to disrupt your brand strategy before something else comes along to topple your brand. 104 Possibilities to Disrupt Your Brand Strategy.

Five Perspectives of Innovation Management Maturity

InnovationManagement

The success of innovation management is never an accident; it’s a holistic management process with an iterative thought-out planning and execution continuum. The post Five Perspectives of Innovation Management Maturity appeared first on Innovation Management.

Tart-up or Start up? Two innovation strategies for established companies

Idea to Value

The mindset of competition and customer satisfaction in known areas is different from that of creating new business models. On the other hand, established companies have to penetrate silos and fortresses to get people to work on innovation-generated change. Tart-up strategies.

Where speed, innovation, technology and strategy collide

Jeffrey Phillips

Old trading patterns and rules of engagement may be re-evaluated or may change entirely. Digital transformation - a "third wave" of information technology that creates an entirely new way to capture real time data and perhaps make sense of that data on the fly, could radically change how businesses operate, how they make money and how they interact with customers, consumers and suppliers. The pace of change - a common refrain in my writing - seems to only accelerate.

Change Your Thinking, Improve Your Results

Daniel Burrus

Change Your Thinking and you will Change your Results. Like legacy technology, legacy thinking refers to thinking, strategies and other actions that, in their own way, are outdated. We are now in a period of transformational change.

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Is Your Innovation Problem Really a Strategy Problem?

Tim Kastelle

This dangerous obstacle to innovation is described by Nilofer Merchant in The New How as “the empty void in an organization between the high-level strategy conjured up in the stratosphere and the realization of that vision down on the ground.”. Innovation and strategy are tightly linked.

10 Red Flags That Your Change Management Program is Poor

MSSBTI

One of the greatest challenges of helping organizations with Change Management is that they often believe they are already doing it. After all, if you have a good leadership team that communicates with employees, they must be capable of leading change.

Why We Must Change Our Mental Models from Hierarchies to Networks

Innovation Excellence

Once you start thinking in terms of networks rather than hierarchies, it becomes clear that we must change how we do things; and not just within organizations, but also in how we approach a competitive marketplace.

Business Model vs. Strategy: What’s the Difference?

CMOE

Military strategy is thousands of years old but the field of business strategy has only been around for about fifty years. Given these challenges, is it even possible to answer the question, “What is the difference between a business model and business strategy?”

The Merits of Innovation in a Competitive World

Daniel Burrus

Focusing time and resources on your competition limits businesses’ innovation potential for greater success, and prevents them from being leaders in their field. Instead, it is focused on what its competition is doing, and how to either replicate or incrementally improve on those products, services and practices. To remain in this aggressive competitive cycle is to hinder the possibility of getting ahead — a business cannot ‘win’ if it solely fixates on the race.

Business Model Strategies & Tools for Disruptive Digital Innovation

Leapfrogging

Here are 5 Business Model Strategies and Tools for Strategic Business Growth. From retailers like Blockbuster and Borders Books to tech giants like Nokia and Blackberry, seemingly untouchable brands have been caught off guard by rapidly changing business landscapes.

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Strategy to Execution to enable Intelligent Enterprise

Rmukesh Gupta

All organisation have a stated strategy – one that they would like to execute on. However, most organisations are not able to execute the stated strategy, which leads to the organisation not being able to live up to its potential and deliver what they promise to their stakeholders. All of these need to be accounted for when the strategy is being defined or tweaked. . Each one of them will make decisions based on what they think is the strategy. Premise.

4 Radically Practical Strategies to Elicit Commitment & Accountability in Today’s Climate of Change and Disruption

MSSBTI

If the title of this article got your attention, it probably means you are experiencing the turbulent environment of overwhelm and change that many companies of all sizes are experiencing today. learning and growth, achievement and responsibility, changing the world in a valuable way, etc.)

Developing an agile innovation strategy

Idea Drop

This may sound daunting and unachievable but this is exactly why an agile approach is required, as it helps you tackle change in incremental stages. Innovation is no longer a choice, it is a necessity to stay ahead of the competition, and an agile strategy can help you achieve it. “It’s

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Systems Change in Social Innovation Education

The Inovo Group

Its central thesis is that we need to start thinking of innovation as a way to change complex systems rather than just attempting to ‘solve problems’, and teaching as such. The post Systems Change in Social Innovation Education appeared first on Inovo. Commentary Innovation Strategy

When Substitutes, Not Direct Rivals, Pose the Most Serious Competitive Threat

Michael Roberto

Source: Pixnio Years ago, many strategy faculty members used to teach an old Harvard case study about the breakfast cereal industry. Things have changed. There’s a lot more competition for breakfast than there ever has been,” General Mills Inc. competition strategy substitutes

Corporate Vision: How To Translate Strategy Into Meaningful Execution

The Future Shapers

As soon as I answered the phone, Jon launched into a massive change of plan…. “Hi Throughout the following article, I will endeavour to share my practical experience of what of what it takes to connect corporate vision and strategy to the daily running of the business.

Which pace of change to align to?

Jeffrey Phillips

You've heard it before - the pace of change is accelerating. Change is real, and change is accelerating. Whether we are talking about change in your global markets, in your industry or in your customer base, change is everywhere. The real question isn't: should we change? Having seen this, we can draw several conclusions: the pace of change is accelerating, and the more reliant you are on the internet or virtual solutions the more you need to accelerate.

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Business Strategy – How to Handle Confidential Information

BrainZooming

The business strategy focus revolved around how an executive can maintain confidences while employing confidential information to best benefit his or her organization. It is a topic relevant to any senior executive immersed in business strategy. Handling Business Strategy.

Does culture eat strategy for breakfast?

Innovation 360 Group

The uber-quoted and widely disseminated statement by Peter Drucker that “Culture eats strategy for breakfast,” which, by the way, was never said by Drucker , clearly shows how a culture of opportunism and common wisdom create simplified truth hindering the success of innovation management.

Outside-In Innovation Strategy – 2 Ways to Take a Fresh Look

BrainZooming

He told me how difficult it is for the organization to consider an innovation strategy. 2 Ways to Take a Fresh Look at Outside-In Innovation Strategy. Additionally, our conversation suggested an intriguing innovation strategy role.

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What Appears To Be Strategy…Isn’t

Matthew May

And what appears to be strategy, isn’t. The third is the real surprise, showing up with alarming frequency in my strategy facilitation engagements. What so many people refer to as their strategy is in reality something else entirely. But thinking is the main event of strategy…thinking about how to be unique, not be the same. “Strategy doesn’t work in a fast-changing world.” Strategy Uncategorized

Agility and Anticipation, a Tale of Two Business Strategies 

Daniel Burrus

When the competition launches a new product, how do you react? Chances are, you act quickly and decisively to address the changing factors and conditions. In short, you use agility to change directions and head the competition off at the pass.

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The Pressing Need to Link Risk into an Innovation Strategy- part one

Paul Hobcraft

So in a three-part series I want to set risk in a better strategic and operational framework but to begin with until we address the alignment issue between a firm’s strategy and the linkage of the innovation activities, innovation fails to make the essential boardroom connections.

Social Media Strategy – Helping the C-Suite Understand Social 

BrainZooming

” The presentation, which I will expand as the closing keynote at the Social Media Strategies Summit in Boston on October 21, 2015, revolved around multiple analogies related to social media strategy and content marketing. The stakes are big for this competition.

Debunking Disruptive Innovation – Why Disruptive Innovation is Not a Strategy

Leapfrogging

While many companies scramble to create disruptive innovation strategies, the problem is that it isn’t a linear process or methodology. No single strategy or theory (even the theory of disruptive innovation itself) has captured how it really works or how to do it.