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. In 1964, the average tenure of companies on the S&P 500 was 33 years. Competitive Advantage Management Next Generation Organisation

A new competitive edge

The Future Shapers

Such as: that the success or failure of a product or company depends solely on the strategy used. Which, for risk reasons, might not even be the company’s core market. If the ‘probes’ turn up successful the company will then double down on that particular strategy.

Reap a Competitive Advantage with Effective Business Model Innovation

IdeaScale

These companies place careful bets on novel applications of competitive advantage in new markets. The post Reap a Competitive Advantage with Effective Business Model Innovation appeared first on IdeaScale.

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.

How to Improve Customer Experience in an Era of Choice

with companies. And the focus these companies put on the customer. to switch to a competing company if they’re not getting the experience. The evolution of ‘Voice of the Customer’ How companies leverage crowdsourcing and. In the past, companies held the power.

Organizational Culture: A Competitive Weapon

Daniel Burrus

If your organization is acquiring or merging with another company, can your culture keep its most important attributes? The post Organizational Culture: A Competitive Weapon appeared first on Daniel Burrus. An organization’s culture is one of its most singular aspects.

Encourage Innovation Through Competition

eZassi

Whether the focus is on product development, service delivery, customer satisfaction, or market share capture, competition drives a company to improve its performance. Internal Competitions. External and Open Competitions. Elements of a Successful Competition.

Understanding the trajectory of the competitive landscape

Mike Shipulski

If you want to gain ground on your competition you’ve first got to know where things stand. A side-by-side comparison of the two companies’ products is the way to start. How would feel if both companies continued on their trajectories?

The Role Global Competition Plays in your Innovation Efforts

Innovation Excellence

A new study explores the role foreign competition plays in the way our companies innovate Continue reading → Uncategorized competition globalization Innovation

Make Digital Disruption Your Biggest Competitive Advantage

Daniel Burrus

By digitally disrupting ourselves instead of passively, reactively waiting for it to happen, we can make disruption our biggest competitive advantage — leading the way for personal, business and industrial innovation instead of trying to keep up with the pack in some middling effort to survive.

Collaboration Is The New Competitive Advantage

Innovation Excellence

Certainly, companies like Apple and Southwest are still able to dominate their industries, but the source of advantage has changed. In truth, neither view fully represents today’s business environment.

11 Proven Ways to Turn Your Culture into a Culture of Innovation

today’s hyper competitive. A company’s culture and the. culture is the only sustainable competitive advantage that is completely within the control of the. In other words: with all the moving parts in a company, the one thing you can control is your culture. company?

Nine Actions You Can Take Today to Make Your Company More Innovative

IdeaScale

What’s a little problem you can solve that makes either life at your company or life for your customers just a little easier? The post Nine Actions You Can Take Today to Make Your Company More Innovative appeared first on IdeaScale.

15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. In fact, creativity is becoming a core skill which companies know they need in the future. This is something a large number of companies struggle with.

Innovation: The New Competitive Equation

BPI Thought Leadership Media Coverage

This month, the& Busines Performance Innovation (BPI)& Network& published a report,Innovation: The New Competitive Equation. According to the report, 79% of survey respondents currently rate their companies' commitment to innovation as very high or growing.

Implementation is Your New Competitive Advantage

InnovationManagement

When it comes to implementation there are three things that companies ought to be thinking about in order to maintain a competitive advantage: process, feedback, and the importance of having multiple stakeholders from the beginning. Learn more in this Open Innovation Guide from IdeaScale. Strategies feedback IdeaScale open innovation process Stakeholders

Role Playing the Competition

Michael Roberto

When formulating strategy, leaders should ask members of their team to role play the competition from time to time. However, companies should also consider a very different scenario when role playing the competition. Then, leaders want to challenge their teams: How would we take full advantage of that stumble by the competition? competition role plays strategy

Spigit's 2018 State of Crowdsourced Innovation Report

to innovate as companies frantically try to. So how can your company meaningfully and. hundreds of companies do all of this, and. in collaborative problem solving, companies. customers in the ideation process, companies. companies where there is a large percentage.

Why Building a Culture of Innovation is your Competitive Advantage

Wazoku

A quick glance at the Most Innovative Companies [1] list at Forbes sees the top three places taken by Salesforce, Tesla and Amazon respectively. It’s perhaps safe to say, therefore, that they’ve mastered the art of innovating to derive a competitive advantage.

Getting to Yes Quickly: How Amazon Out-Innovates the Competition

Spigit

How does tech titan Amazon out-innovate its competition time-after-time? In an article on Business Insider , CEO of Amazon Web Services – Amazon’s cloud computing business – Andy Jassy discussed what makes the massive billion dollar company different from the competition: “When our leaders walk into a meeting, they are looking for a way to say yes.” That’s a lot of innovation and disruption of an industry for one company.

Courage: The Ultimate X-Factor And Your Competitive Advantage

BPI Thought Leadership Commentary

It is absent from business models, boardrooms, company cultures, and mission statements. Indeed, unlocking courage, when truly embraced and understood, can be your competitive advantage and ultimate X factor. There’s a noticeable deficiency of courage in the business world. Courage has, in fact, gone out of style and out of practice—and many businesses are far worse for it.

Crowdsourcing with the Competition: Rewarding Venture or Precarious Proposition?

Qmarkets

Why your company needs to think about crowdsourcing with the competition…. Understandably, the increase in competition and market saturation is seen by those who experience it as a direct threat to their organizational legitimacy.

The Business Opportunity of Embedded Analytics: New Findings from 500+ Application Teams

Speaker: Josh Martin, Director of Product Marketing, Logi Analytics

But most companies don’t realize that the features they embed and how they develop have a lasting impact on revenue, customer churn, and competitive differentiation. Embedded analytics has evolved from an afterthought to a necessity.

PBTO48: Your Organisation’s Culture is Your Last Competitive (Invisible) Advantage with Soren Kaplan

Rmukesh Gupta

The last competitive advantage that organisations now have – their culture. This is your last competitive advantage - @SorenKaplan Click To Tweet. Who is on the show: In this episode we host, Soren Kaplan.

The Innovators’ DNA in a Design Infused Company

Be-novative

Whether a company has ten or hundred thousand employees, it has access to an untapped resource of unique, diverse and broad perspectives and insights that employees of these companies don’t share effectively. Truly innovative companies don’t just design for customer experience.

Getting to Yes Quickly: How Amazon Out-Innovates the Competition

Spigit

How does tech titan Amazon out-innovate its competition time-after-time? In an article on Business Insider , CEO of Amazon Web Services – Amazon’s cloud computing business – Andy Jassy discussed what makes the massive billion dollar company different from the competition: “When our leaders walk into a meeting, they are looking for a way to say yes.” That’s a lot of innovation and disruption of an industry for one company.

Innovation Assessment: Is Your Company Lagging Behind?

Moves the Needle

Like all business initiatives, enterprise transformation should be driven by a company’s vision and corporate strategy. In the assessment, we gauge: Leadership Alignment Culture Investment Customer Engagement Leadership Alignment The goals of the company as defined by the leadership must be aligned with transformation outcomes, or the transformation is over before it starts. How is your company structured? Left on its own, culture emerges from company structure.

6 Keys to Making Collaborative Innovation Successful

Speaker: Soren Kaplan, Founder of InnovationPoint

competitive advantage no longer exists. The only defensible competitive advantage resides underneath the products, services, business processes, technologies, and business models we deliver to the. your ultimate source of competitive advantage—your invisible advantage.

Winners announced for the Civic Engagement Innovation Competition

Betterific

Quick shoutout to the winners of the ideation competition: Luc Michaud (grand prize winner), Metro Power Yoga , Marla Goodman and Dennis Pitcock. Crowdsourcing is the way of the future – and more and more companies are jumping aboard.

Dramatically Increase Your Chances of Innovation Success By Delivering Innovations That Are Dramatically Better Than Your Competition

Innovate2Grow Experts

Of the three critical elements in the science of persuasion powered by Merwyn technology, today we cover the third element– communicating how your product is dramatically better than some, most, all of the competitive options. When it comes to persuasively communicating how your product is different and better than competition, you need to pay close attention since it dramatically impacts your chances for success.

10 Tips for Corporate Open Innovation with Startup Companies

InnovationManagement

Over 350 global corporations selected Israel as their source for innovation, understanding that the rapid rate that technology changes and the fierce competition that exists, does not allow these companies to rely just on their R&D departments.

Tips 103

3 Paradigm Shifts that will Drive Competitive Advantage in the 21st Century

Innovation Excellence

Three of the world’s five most valuable companies are not old line industrial or financial companies, but fast moving tech companies who prosper through agility rather than efficiency. Today, efficiency will only get you so far.

Innovation- The New Competitive Equation

BPI Thought Leadership Media Coverage

As executives across industries respond to profound global competition and business realignment, commitment to innovation is at the forefront of the minds of top companies around the world.& & The infographic explores why, and how, many companies are investing in innovation

How Innovative Companies Get their Best Ideas from Academic Research

Innovation Excellence

To account for its success, Build Capability education Government People & Skills Research Science Technology Uncategorized academia Academic Research Competitive Advantage ideasSince World War II, the United States has been an innovation superpower.

Companies don’t innovate, people do.

Mike Shipulski

Big companies hold tightly to what they have until they feel threatened by upstarts, and not before. The strength of big companies is what they have, and they do what it takes only when what they have is threatened.

Crowdsourcing with the Competition: Rewarding Venture or Precarious Proposition?

Qmarkets

Why your company needs to think about crowdsourcing with the competition…. Understandably, the increase in competition and market saturation is seen by those who experience it as a direct threat to their organizational legitimacy.

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 Analytics: how to implement in your company

mjvinnovation

In this context, the most competitive organizations are those that are data oriented and therefore treat their information as assets – use them to understand their stakeholders, improve processes, create products and services, communicate better, and so on.

Becoming an innovative company: better late

RTI Innovation Advisors

So, after over a decade of innovation consulting, I can say without doubt that companies that are just starting to innovate have it much better than those that were attempting it years ago. That's because as more companies try more innovation, more tools are vetted, more methods explored and exposed. Why start with product innovation when so many others are already ahead of you, and when that's where competition is the most fierce?

10 Do’s & Don’ts for Open Innovation Competitions

100%Open

We were asked recently by a new client what our top 10 Do’s and Don’ts are for running open innovation competitions, based on our experience including the UBS Future of Finance Challenge , Unilever Foundry Ideas Challenge , Colombia CO4 Open Innovation Competition , and Ordnance Survey GeoVation Challenge. So we have learned that it’s best to incentivise and reward collaboration (not competition) between all participants.

Company Culture Defines You – But How Do You Define It?

Viima

The concept of company culture is all the rage right now. As competition for both top talent and loyal customers gets fiercer by the day, business leaders are looking for ways to distinguish themselves from the crowd. And culture has quickly become a way for some companies to do this.

Established companies must be startups, and vice versa.

Mike Shipulski

For established companies, when times are good, it’s not the right time to try something new – the resources are there but the motivation is not; and when times are tough it’s also the wrong time to try something new – the motivation is there but the breathing room is not.

Crowdsourcing: Bolstering Your Company’s Survival Kit

Spigit

A company’s very survival relies not on a visionary CEO or group of executives but the collective knowledge of its employees and their ability to collaborate. How do you adapt quickly if it’s just one person contributing to the company’s roadmap?