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Reap a Competitive Advantage with Effective Business Model Innovation


Unlike many product or process innovations, business model innovation can upend old markets and create new ones. They explore adjacent businesses or markets and may exit the core business altogether.

Encourage Innovation Through Competition


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. Improve market responsiveness.

Seven Essentials of an Effective Innovation Project Manager

Gregg Fraley

Outsourcing innovation project management might be the most strategic money you spend this year. It’s not a new idea but it’s one more companies should consider. One solution, not a new one, is to outsource innovation project management.

Getting Board Buy-In for Your Innovation Project


For innovation to thrive in a company, it must be prioritized at every level. Taking an innovation project from idea through execution is challenging, and there can be obstacles at several places along the journey. When there is company-wide buy-in for an innovation project however, these challenges can be overcome more easily, and there is far less chance for the project to go uncompleted.

How to be More Agile as Competitive Advantages Fade

New Market 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been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated.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 world is evolving too quickly for competitive advantages to last for a meaningful amount of time.

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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.

Digital Transformation: why be a data company


Developments that until recently seemed well consolidated are now modifying their performance in the market through data science. And see how to use the data that already exists within your company to create innovative business models! With new devices constantly coming to market, and the innovation that arouses consumer interest, the use of digital technology has become as common as driving or using a car. . Why be a data-driven company.

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Crowdsourcing with the Competition: Rewarding Venture or Precarious Proposition?


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.

Case Study: Uncovering Hidden Market Opportunity


They asked Taivara to research the market and see if there was a demand before investing in a full build. Taivara’s Opportunity Assessment consultants dug deep into the cybersecurity field to uncover opportunities for the company. The market was very large and needs were unmet.

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.

How companies can innovate and scale


Are you still working on ideation or are you actually building an innovation ecosystem supporting the management and the entire company to scale up ? Due to high barriers of entry, established companies currently benefit from low competition. Which projects should you select?

The Marketing Stakeholder Interview

Boxes and Arrows

The Marketing Stakeholder Interview. Project Management for Stakeholder Interviews. Marketing stakeholders. Marketing stakeholders (such as marketing executives and most product managers) are usually responsible for promoting the company’s brand, identifying new market opportunities and products that could address them, or both. Most marketing people will immediately view designers as allies who will promote a customer-centric point of view.

The Key to Your Future Is Hiding in Your Company DNA

Innovation 360 Group

Just as brands have personalities, companies have DNA. The DNA of a company is a summation of what they are really good at, but its also more than that. Your optimal value proposition at the moment lies at the intersection of the best offer externally and the most effective marketing capabilities internally. One factor shared by these market leaders is a DNA Focus. Trailing behind temporary market preferences. What’s your company DNA?

What Is Business Intelligence?

Collective Innovation

This can include information about the company internally, customer information, market information, sales velocity, competitive information and numerous other metrics. When used correctly this data can allow companies to reasonably predict the outcome and validate their decisions while still moving quickly and innovating. Here’s a survey involving 2,600 companies that shows where they have found Business Intelligence most helpful: Collection.

Case Study: Testing for the Perfect Market


Testing for the Perfect Market. Testing for the Perfect Market. Taivara uncovered two potential markets, in a previous Opportunity Assessment — IoT devices and enterprise security. Research indicated a market need for the product. Commercialization.

The Potential of Qualitative Research in B2B

Gregg Fraley

Why Don’t B2B Companies Use Qualitative Research? Qualitative research is an effective way to understand your market better. Consumer product companies spend a great deal of time and money doing qualitative, essentially, talking to consumers.

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How companies are innovating in the energy sector


Policy experts, scientists, governments, and companies have been struggling for decades to make sure the lights stay on while trying to meet the needs of an ever-growing population and industrialization. How are energy companies innovating? Read: Top 10 hydropower companies ).

On the Origin of Companies

David Marks

Companies who choose to act decisively, can adapt to shifting business environments at will. Similarly to the natural world, weaker and ill-suited companies will prosper during good times, roaming the markets, making profits and gathering fat.

The 11 Bad Habits Killing Innovation in Your Company

Steve Blank

Here’s his guest post on what bad habits to avoid inside of a company. Big companies have great execution habits to manage and improve successful business models and value propositions. But the habits that foster execution can easily kill new growth initiatives inside your company.

How can Idea Management improve your company?


It is a digital tool that facilitates problem-solving by involving multiple departments of a company into the process. Besides that, it plays an important role in the organizational culture of the company. BMW, Procter&Gamble, and Lays are among these companies.

5 Ways FinTech Will Disrupt Your Company

Planview Spigit

These friction points add up to a $4 trillion problem , but tech-driven innovations like digital wallets, biometric security measures and integrated in-app purchasing offer clear solutions for streamlining the process and improving the customer experience – an integral factor in driving sales, boosting conversions, and winning the competitive battle for customer trust. Considering cybercrime is projected to become a $2.1

How to grow faster than the market average


Today, every company desires to be among the top growers in this industry. Here are the most significant characteristics of the top growers and their respective roles played to make their companies a milestone. Company processes. Justify the expenditure on every project.

Strategies to Boost your Innovation Culture – 4 Real-World Examples for CIOs


As made evident by L&D US Report , companies with executives highly engaged in L&D are three-times more likely to say their company has a culture of innovation. There is no one size fits all when it comes to innovation, no single path that will lead to success.

How to set up an useful corporate Innovation Lab in your company


Having a space designated for innovation can also bring gains to company culture and internal communications, since it is a hub that will be disseminating the knowledge acquired from each project and thus spreading innovation culture. Each lab should be designed to meet the needs of each company and its heterogeneous body of employees, and an in-depth study should be done to understand those needs. How to select the lab’s projects.

Dissent Without Reprisal – a key to company longevity

Mike Shipulski

In strategic planning there’s a strong forcing function that causes the organization to converge on a singular, company-wide approach. If the company is to survive over the next 20 years, uncertainty must be injected into our organizational DNA.

The Business Case for Open Innovation


An idea can take years to come together, from the original concept to the testing to bringing it to market. Competitive Advantage. Any company that rests on its laurels is likely to discover that those laurels are being pulled out from under them when they least expect it.

4 Ways to Promote Innovation Without Crowdsourcing


The crowd you source from doesn’t have to be outside the company. Clearer, more open lines of communication all up and down your company is important in a number of contexts, but particularly when it comes to innovation. Tap your company’s internal genius.

Algo Trading: how algorithms are impacting the financial market


This new reality is increasingly present in the financial world and therefore needs to be understood by the organizations in this market. You will also see why it is important to develop or adopt algorithms in your company. What the benefits of Algo Trading for the financial market are.

How to turn a Multinational Automotive-Finance Company into an Innovation Powerhouse


With over 3,100 employees across 36 companies, RCI Bank and Services is a multinational finance company which is focused on delivering innovative services to customers of the Renault and Nissan automotive groups. Qmarkets: What were the main objectives of your project?

3 Open Innovation Reports You Need to Read Right Now

Planview Spigit

From the report: Sharers gravitate to well-known brands, whether those are traditional companies or trend-setting startups. Companies Leverage Open Innovation Better than China. But there’s good news, at least, for companies in the U.S.

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Digital Technology MoshPit

Gregg Fraley

Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). New Service Offering for Digital Technology Innovation.

Choosing the Digital Transformation Strategy that is Best for Your Company


Similarly, when it comes to selecting a strategy for digital transformation, one must leave emotion behind and base the decision on what is best for the company. According to Michael Wade, Professor of Innovation and Strategic Information Management, a successful digital transformation requires the organization to ask itself three important questions : Why does the company need to transform? Why does the company need to transform? Is the company's technology outdated?

What You Need to Know About Insourcing

Planview Spigit

Company leaders do a lot of different things to operate lean; it’s the one business goal that never disappears from the agenda. And for the past few decades, outsourcing has been the method of choice for getting things done without blowing the annual budget on a single project.

ABCDEFG of Successful Digital Transformation

Rmukesh Gupta

Help us enter a new market or go after a new kind of customer. Change how we compete in the market. Change the businesses we compete against in the market. Enable us to partner with someone to create competitive advantage. Enable us create new product offerings for existing or new markets. And that is that in order to truly qualify to be a digital transformation initiative, the project should have two elements – Technology & Business Impact.

How to turn a Multinational Automotive-Finance Company into an Innovation Powerhouse


With over 3,100 employees across 36 companies, RCI Bank and Services is a multinational finance company which is focused on delivering innovative services to customers of the Renault and Nissan automotive groups. Qmarkets: What were the main objectives of your project?