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The Travel & Hospitality Industry is Being Disrupted, Again.

Leapfrogging

Now big travel and hospitality companies are going after the next disruptive innovation themselves before getting blindsided yet again. If you’ve followed my Inc.com column , you know I work with both big companies and start-ups around the world. It’s no wonder Plug and Play created a vertical focused on travel and hospitality.

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Choosing your direction of travel

Paul Hobcraft

Nearly all in these current companies making up the Chemical and Pharmaceuticals sectors are well past their prolific era, the discovery part is bogged down in slow growth, expensive development costs and regulatory conditions. How can these companies slash these costs but improve the safety of the drug they are developing?

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Lateral Thinking in Business Strategy

Destination Innovation

How can you differenitate your business from the competition? Warby Parker’s Online Try-Ons for Spectacles : Warby Parker, an eyewear company, implemented a virtual try-on feature on their website, allowing customers to try on glasses online. Nintendo Wii’s Motion Controls : What radical feature can we add?

Strategy 169
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Virgin just invested in new supersonic jets which travel faster than Concorde

Idea to Value

hours, yet would be cheap enough to run that they would be economically competitive with normal airlines taking more than twice as long. It will travel 2.6 These innovative planes would be faster than the decommissioned Concorde service, able to fly from London to New York in about 3.4

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What are your innovation ambitions for next year?

Idea to Value

No, I am not talking about what you and your company’s high level goals are: … Increase market share … … Improve profit margins … … Be innovative … I am asking what specific ambitions you and your company have for next year. Every company does this now. This is why they fail.

Video 257
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Is Zoom video a competitor to Hugo Boss?

Idea to Value

If large companies do indeed see that their staff can be productive while working from home, there will likely be more flexibility in how often professionals are expected to go to the office. It is just another example of companies not necessarily realising who their real competition is.

Video 169
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Confronting Your Darwin Effect through Innovation

Paul Hobcraft

We then were at the point of being equipped for the innovative fitness journey necessary to travel. It is about creating a competitive advantage in an increasingly commoditizing world. To lead that effort, you must continually reappraise what role your company is playing in the market ecosystem.