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. We won’t find it in strategy, business models or technology.

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.

Should Emotion Recognition Technology Exist?

Game-Changer

All technology encounters resistance from people initially, as time goes by some get adopted faster than others; this is a fact. One of the technologies within the domain of artificial intelligence that is just getting started is emotion recognition through cameras and E.E.G. I’ve written about the many ways this technology could be used , and the ethics behind it. Innovation affective computing emotion recognition technology

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.

Where speed, innovation, technology and strategy collide

RTI Innovation Advisors

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. We aren't quite certain yet how IoT, Blockchain, cryptocurrencies, artificial intelligence, robotics and other technologies will change things.

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.

The Impact of Wearable Technology on Mobile Devices

Game-Changer

Part of the rise of these technologies stems from their ability to interface with mobile devices and improve the convenience and ease of those experiences. New applications of wearable technology will change the way we do business and go through our daily lives.

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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Make Digital Disruption Your Biggest Competitive Advantage

Daniel Burrus

In 1983, I identified digital disruption as one of twenty technology-driven Hard Trends that would increasingly shape the future at an exponential rate, and at the same time drive economic value creation.

Technology leads, innovation exploitation is lagging

Paul Hobcraft

It will be how and where a business or entities of business come together and see where ‘people, things and their business offering’ can come together for mutual value based on the unique combinations of the different technologies available.

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?

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. Over time and iteration, this new technology will begin improving to handle more demanding uses.

5G: what technologies change with increasing speed

mjvinnovation

With any type of 5G connection, we will see faster network speeds, but the biggest changes will occur when operators have deployed high-frequency millimeter wave technology to exploit radio wavelengths that have been unusable in the past. Low-frequency networks will use the same radio bands that current technology uses, but the coding signal changes and wider channel bands will allow speeds up to 50% better than the best 4G LTE available on the market today.

How Innovative Companies Get their Best Ideas from Academic Research

Innovation Excellence

In virtually every advanced field, whether it be information technology, biotechnology, agriculture or renewable energy, America holds a leading position. Since World War II, the United States has been an innovation superpower.

The Transformation of IP Technology

Anaqua

The accelerating pace of technological advancement is both unmistakable and inexorable today. These assets are bringing about exciting things in several areas: infrastructure and automation, new technologies, and improved integration of actionable data, analytics, and decision support.

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.

Spigit's 2018 State of Crowdsourced Innovation Report

verticals, including: biotechnology, chemicals, construction, CPG, education, electronics, energy, finance, food, government, health care, insurance, law, manufacturing, media, pharmaceuticals, public sector, retail, sports, technology, and telecommunications. In fact, companies that.

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

Planview 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.

12 Technology Categories That Will Transform Careers

Daniel Burrus

As technology continues to impact our lives, workers at every level in today’s ever-changing labor market need to be prepared with skills to adapt and succeed in the workplace. This method is currently being used by many Fortune 500 companies, including IBM, Deloitte, and Pratt & Whitney to name a few, as well as the Pentagon to provide an accurate roadmap of the opportunities that are ahead.

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 answer is technology.

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

Planview 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.

6 Keys to Making Collaborative Innovation Successful

Speaker: Soren Kaplan, Founder of InnovationPoint

competitive advantage no longer exists. Products, services, technologies, and even. The only defensible competitive advantage resides underneath the products, services, business processes, technologies, and business models we deliver to the. innovation in other companies.

Winners announced for the Civic Engagement Innovation Competition

Betterific

It was the first time we partnered with Singularity University – the institution that believes in exponential thinking based on the exponential growth of technology. Crowdsourcing is the way of the future – and more and more companies are jumping aboard.

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.

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Technology Adoption Cycle

Collective Innovation

The Technology Adoption Cycle is based on the diffusion process which was originally developed for agricultural means but adapted and found to work just as well to identify how a new technology crosses the chasm from being unknown to being widely adopted. It was found that individuals could be put into groups as to when they might adopt a new process or technology and the results were published in the Book of Diffusions by Everett Rogers.

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. Merwyn Technology is used to evaluate actual product communication. First, there are multiple dimensions that you can be different than some, most, or all of your competition.

Exponential Growth: the technological evolution dictating new business models

mjvinnovation

Read on to understand what Exponential Growth is, how you can use technology to scale your business at exponential rates and more! Canadian Salim Ismail – serial entrepreneur, angel investor, author, speaker and technology strategist – coined the term Exponential Organization in his eponymous book. He lectures on how linear thinking has been superseded by exponential thinking in many companies. Still within the technology topic, we need to focus on algorithms.

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 answer is technology.

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.

Are Corporate Innovation Centers The Last Hope for Companies Too Big To Fail?

InnovationManagement

Companies once deemed “too big to fail” are increasingly exposed to failure. Regardless of industry, businesses face digital Darwinism, the evolution of technology and markets. Whether companies thrive or cower in the face of digital Darwinism is a choice.

Merwyn Technology: The Power to Make Smarter Innovation Decisions.

Innovate2Grow Experts

In this series will learn how you can double the chances for success of an existing or new product – proven by rock solid science known as the Science of Persuasion powered by Merwyn Technology. Major companies rely on Merwyn Technology to evaluate their options and select the one with the highest chances for long-term success. Here is an overview of Merwyn Technology. Merwyn Technology is also the science of persuasion.

The Latest Technology And Software To Help Monitor Your Business

The Human Factor

In this digital age, being clued up on the latest technology and software that’s available to your business is essential to stay relevant and on top within your industry. Here are just a few of the latest systems available to take full advantage of and to help develop your company.

The Fidelity story – technology-driven innovation

Wazoku

Fidelity wanted to make a substantial impact on company culture and its way of doing things to become more innovative and employee-driven by scaling to include the entire organisation. With the platform has come an overall shift in company culture. The Challenge.

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.

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. Is it genuinely about finding new ideas, or new partners, or new technologies? Our top 10 do’s and don’ts for your next open innovation competition in 2016.

10 Technology Driven Hard Trends Shaping 2016

Daniel Burrus

Technology has become everyone’s business as we enter the next stage of this digital transformation where even your next toaster or refrigerator will connect to the Internet. A rapidly increasing number of companies are learning the importance of identifying Hard Trends that are both predictable and measurable. This gives companies a competitive edge in a world where thriving on change has become necessity.

Crowdsourcing: Bolstering Your Company’s Survival Kit

Planview 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?

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.

Why Your Company Needs Data Analytics

Daniel Burrus

Think of business intelligence as the ways in which companies use data to improve their management and operations. Data available from social media is a great example of the way in which new digital technologies provide businesses with a more comprehensive understanding of the consumer.

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Why Technology Is Important For Organizational Change

AureaWorks

Organizations that foster a culture of continuous change must also encourage a culture of innovation, as technology is the key enabler of change. Andrew Tarantola , senior editor at Engadget, notes that today’s technological innovations are driven by information and automation.

Keeping Up is a Fool’s Game

Daniel Burrus

Keeping up—with technology, with the competition, with anything in business or life—is what some would call a fool’s game. And, what are all the successful companies evolving to? These are trends in technology and innovation that show no signs of slowing down.

How companies are innovating in the energy sector

hackerearth

As technologies and consumer behaviors continue to evolve, new service opportunities and business models will also emerge. Global cooperation, sustainable economic growth, and technology innovation are needed to balance the energy trilemma. How are energy companies innovating?