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?

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.

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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. Then, compare yours with theirs and you’ll know what the competitive landscape will look like in three years.

The Effect of Competition on Creativity

Michael Roberto

Source: Pixabay Daniel Gross has published an interesting NBER working paper titled, "Creativity under fire: The effects of competition on creative production. Of course, as Gross notes, the ability to find just the right level of competition to properly motivate creative work is very tricky.

Leave Benchmarks Behind

Daniel Burrus

No matter the industry or particular field, competition is the business of the day. Regardless of what you and your organization do in terms of products or services, there’s inevitably someone else offering a competitive alternative. Competition: Flirting with Failure.

Do You Care?

CorporateIntel

What you can know for sure is that a burned bridge leads nowhere, usually in perpetuity, and the swiftness with which a bridge can be burned forever pales in comparison to the time it takes to build a relationship.

Creating a brand that lasts.

Mike Shipulski

It’s far a more difficult game than the quantified head-to-head comparison of fuel economy and it’s a longer play, but done right, it’s a lasting play that is difficult to beat. One of the best ways to improve your brand is to improve your products.

How Benchmarking Against Market Leaders Can Drive Business Success

Leapfrogging

Most often, metrics used for comparison include sales figures, quality of products or services, brand awareness or customer experience. Look at your competitive set and determine which companies you want to compare yourself with. Segment your competition into different groups of companies depending on how you want to compare yourself. It is important to follow rules related to competitive intelligence gathering during this phase.

Increasing innovation focus on the end-user segments within the energy transition story

Paul Hobcraft

As crucial renewable energy solutions (wind, solar) are falling in price comparison, we are beginning to see clean energy solutions for industry, for the environment, and society, as a whole. Source of visual used: [link].

At the digital transformation and innovation crossroads

Jeffrey Phillips

Are you thinking about how your business model needs to change, to be more competitive as innovation, customer demands, competitive threats and shifts caused by digital transformation occur? Product innovation will seem child's play by comparison, but business model change will be the real opportunity I went to a meeting about innovation earlier this week with a former client and a discussion about digital transformation broke out.

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. In comparison, Concorde’s top speed was around 1,350mph. Virgin will partner with Boom to buy 10 of its new supersonic aircraft, with ticket prices about the same as current business class. These innovative planes would be faster than the decommissioned Concorde service, able to fly from London to New York in about 3.4

Travel 160

How to Influence People and Drive Change

Leapfrogging

This style of persuasion is effective in competitive sales environments or environments in which people are open to debate and collaboration. In comparison, a pull style of persuasion requires the use of more subtle persuasion tactics which are designed to draw people in before making a specific point or reaching a certain objective. What can you learn about change from Baker’s Four Strategies of Influence? By UpBOARD.

Change 100

Book Chapter: Activities and Challenges in Environmental Scanning

ITONICS

Prof. Dr. Carolin Durst, Scientific Director at ITONICS, together with Fabian Wiser, Scientific Assistant at TU Braunschweig, and Philipp Maron, Analyst at LEONI Digital Solutions Group, has published a book article on “Activities and Challenges in Environmental Scanning” The book “Case Studies on Technology & Innovation Management” (original: „Fallstudien zum Technologie- & Innovationsmanagement“) is intended to enable students in particular, but also innovation managers, to learn in a clear and practice-oriented way in the field of technology and innovation management on the basis of mostly local examples and real problems. About the chapter: NEXT is a technology company with over 80,000 employees and one of the world’s leading companies in its sector. In order to guarantee a competitive advantage and to ensure survival, NEXT’s innovation management operates four essential environment scanning activities: “1) trend management to create a broad knowledge base; 2) observation of competitors for regular performance comparison; 3) networking to exchange information with customers and direct competitors; 4) carrying out so-called deep dives for in-depth research into trends and technologies” In the case study, these four activities are examined in detail and challenges are identified in carrying out a successful environment scanning. In the end, the reader is asked 9 questions including solution hints for a critical examination of the presented case study. Highlights: Practice-oriented case study in innovation management of a B2B technology company Description of four central environment scanning activities: (1) trend management, (2) competitor monitoring, (3) networking & (4) deep dives. Nine questions and problems with solution hints. Acknowledgments: This contribution was made within the framework of the research project RADAR (Datengetriebenes UmfeldScanning für die Entscheidungen von morgen), which is funded by the BMBF under the number 02K16C190. The post Book Chapter: Activities and Challenges in Environmental Scanning appeared first on. Articles-News

Creating New "Benefit Delivery Vehicles"

Innovation in Practice

For that, you need to do a detailed comparison of how your product compares to the competition's, feature by feature. . First is what features the product must have to compete against the competition and also satisfy the customer. Then look at your competitive comparison.

Customer Experience Strategy: 4 Ideas for Creating Customer Focus

BrainZooming

Think about the price comparison tool Progressive Insurance ads feature. To keep potential customers from third-party sites, Progressive offers competitive price comparisons, even though it does not always win.

Book Chapter: Activities and Challenges in Environmental Scanning

ITONICS

Prof. Dr. Carolin Durst, Scientific Director at ITONICS, together with Fabian Wiser, Scientific Assistant at TU Braunschweig, and Philipp Maron, Analyst at a technology company, has published a book article on “ Activities and Challenges in Environmental Scanning “ The book “Case Studies on Technology & Innovation Management” (original: „Fallstudien zum Technologie- & Innovationsmanagement“) is intended to enable students in particular, but also innovation managers, to learn in a clear and practice-oriented way in the field of technology and innovation management on the basis of mostly local examples and real problems. About the chapter: NEXT is a technology company with over 80,000 employees and one of the world’s leading companies in its sector. In order to guarantee a competitive advantage and to ensure survival, NEXT’s innovation management operates four essential environment scanning activities: “1) trend management to create a broad knowledge base; 2) observation of competitors for regular performance comparison; 3) networking to exchange information with customers and direct competitors; 4) carrying out so-called deep dives for in-depth research into trends and technologies” In the case study, these four activities are examined in detail and challenges are identified in carrying out a successful environment scanning. In the end, the reader is asked nine questions including hints for solutions for a critical examination of the presented case study. Highlights: Practice-oriented case study in innovation management of a B2B technology company Description of four central environment scanning activities: (1) trend management, (2) competitor monitoring, (3) networking & (4) deep dives. Nine questions and problems with solution hints. Acknowledgments: This contribution was created within the framework of the research project RADAR (Datengetriebenes UmfeldScanning für die Entscheidungen von morgen), which is funded by the BMBF under the number 02K16C190. The post Book Chapter: Activities and Challenges in Environmental Scanning appeared first on. Articles-News

The AQX Series: A Convergence of Internal and External Data for 360 Analytics

Anaqua

From internal portfolio performance insight to prosecution and competitive analysis, we learn more about how a 360 view is critical to an organization’s business decisions. The bigger ROI insight an IP executive can make is around how IP impacts innovation and competitive positioning.

Social Media Strategy – Helping the C-Suite Understand Social 

BrainZooming

We find using offline examples that draw comparisons to online situations make social media strategy more clear for those unfamiliar it. Suppose your organization participates in an annual Social Media Corporate Challenge Karaoke competition. The stakes are big for this competition.

Creating the Industrial Ecosystem

Paul Hobcraft

Siemens is in some highly competitive industrial markets. In the BCG articles, they suggest digital ecosystems to dominate, have three factors that make the competitive environment dynamic: Zero marginal cost and positive network effects are increasingly coming at virtually no extra cost.

Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

Global manufacturing executives rank “skilled talent” as their #1 competitive differentiator. Figure 2 illustrates a comparison on 10 illustrative innovation capabilities between top quartile manufacturers and average companies. These are not just competitive advantages.

Turning Intuition into Science©

MSSBTI

Understanding how your organization really functions and making decisions based on data that comes from this understanding, is critical to innovation, creativity, a competitive advantage and employee engagement. Comparison of high potential list/succession plan to results.

How Innovation Affects Brand Loyalty

Innovation in Practice

And, show comparisons between your product and the competition. A company that retains a high percentage of its customers must be doing a lot of things right. That’s why Retention Rate is the best indicator of a company’s long term viability.

Innovate to Reduce Your Customer's Risk

Innovation in Practice

Show comparisons between your product and the competition. Do you remember a time when you were just about to buy something, but at the last minute, you stopped and said, “No, I don’t think I’ll buy this.” So what stopped you? It was most likely because you were worried about something.

Ideation Collaboration Software – Did you know your innovation software is an amazing collaboration system?

eZassi

You can work closely with vendors, suppliers and other industry leaders and use cyber scouting to discover the best problem solvers across the globe and work together to create disruptive solutions that will allow your business to drive innovation in a competitive market.

How To Build a Scouting Team Within Your Organization

eZassi

Using technology landscaping tools will provide you with a superior analysis of the competition. You will also be able to add new topics, uncover competitor adjacent opportunities, and conduct affiliation comparisons.

Omni Channel 2.0 – The innovation of Retail Business Models

Innovation 360 Group

Social media has gone from being a competitive factor to a hygiene factor, we see rapidly increasing amounts of “earned”, ”shared”, ”native” and “owned” content.

Your Business’ Website

The Human Factor

The first thing is obviously whether the company can offer a competitive quote. This is a web campaign which costs very little, especially in comparison to the other marketing techniques available. contributed post –.

Next Generation Technology for the Agile Enterprise

SnapStrat

This evolution of technology has left enterprises with a core challenge that must be addressed to be able to sustain competitive advantage over the long term: How do we combine the consistency benefits of integrated technology with the agility of highly modular component-based architectures? The metadata model makes scenario editing and comparison seamless and transparent. How SnapStrat is revolutionizing enterprise decisioning applications.

The 3 Biggest Lessons from Our Financial Services Panel

KindlingApp

Expand Perception of Competition. When sitting around the boardroom table discussing competitive strategy it is easy for most companies to compare themselves to others of a similar size in the same industry. While that remains an important strategy, in today’s increasingly digital age our panelists suggested that organizations cannot continue to have such a limited view of their competition.

Is your company up for disruption? Possibly not

David Marks

Over the past decade, industries far and wide, from publishing, advertisement, music, retail, hospitality and transportation seen revenues diminish and/or potential customers flock to new competition from teenage and toddler companies like Amazon, Google, Facebook, Uber, AirBNB, Netflix and Spotify.

The only two measures that matter

David Marks

In this blog post I’ll explain how it can be applied to explaining the competitive position of companies. YKK controls the unglamorous zipper market, through a combination of superior process (quality control and competitive manufacturing) and brand power scaring away competitors.

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Big Techs in the insurance market: how to use a User-Centrism strategy to address them?

mjvinnovation

The company, chaired by Jeff Bezos, has also showed interest in creating an insurance comparison website in the UK. . In addition to the investments and efforts already made in digital transformation by the insurance companies, a strategy, that has been recommended by many experts, is to address the competition generated by the Big Techs: User-Centrism.

On the Origin of Companies

David Marks

By comparison, the concept of survival of the fittest in the corporate world is much less mysterious or controversial. The Natural monopoly axis measures the degree of which a company is shielded from competition.

Big Techs in the insurance industry: how to use a User-Centrism strategy to address them?

mjvinnovation

The company, chaired by Jeff Bezos, also showed interest in creating an insurance comparison website in the UK. In addition to the investments and efforts already made in digital transformation by the insurance companies, a strategy is indicated by many experts to address the competition generated by the Big Techs: User-Centrism.

Big Techs in the insurance market: how to use a User-Centrism strategy to address them?

mjvinnovation

The company, chaired by Jeff Bezos, also showed interest in creating an insurance comparison website in the UK. In addition to the investments and efforts already made in digital transformation by the insurance companies, a strategy is indicated by many experts to address the competition generated by the Big Techs: User-Centrism.

Merwyn Technology: The Power to Make Smarter Innovation Decisions.

Innovate2Grow Experts

Choosing one option involves consciously or subconsciously making comparisons. Third, we need to communicate to potential customers how our product is better than some, most, or all other competitive choices those customers have. Dramatic difference: the most powerful part of the science of persuasion is communicating our benefit promise is better – hopefully dramatically better – then some, most, or all of the competitive options.

Big Techs x Fintechs x Insurtechs: The New Business Model

mjvinnovation

Smartphone applications, wearables, claims processing tools, online policy handling and automated processing, and insurance comparison platforms are services that appear in the Insurtechs menu. ? While they are useful moves to collect and analyze customer data and provide better and more accessible service, they represent the rise in competition that is already historically fierce.

Big Techs in the insurance market: how to use a User-Centrism strategy to address them?

mjvinnovation

The company, chaired by Jeff Bezos, has also showed interest in creating an insurance comparison website in the UK. In addition to the investments and efforts already made in digital transformation by the insurance companies, a strategy is that has been recommended by many experts is to address the competition generated by the Big Techs: User-Centrism.

How EA Became the Most Hated Company On the Internet (and How They Can Fix It)

Qmarkets

The comparison is, "I'm buying a car that comes with a stereo, I shouldn't have to pay extra to unlock radio stations I want to listen to!". . In comparison, the second most downvoted comment on Reddit has "only" 25,000 downvotes. A Problem, There Is.

Open Insurance: what it is and how it works

mjvinnovation

Certainly, in a world of startups perfecting data analysis, Machine Learning, visual recognition and Artificial Intelligence, and proving that there are options that go beyond price comparison sites. Companies that are not fully open, in the sense of APIs implementation, can restrict competition, especially in the case of small and medium-sized ones. But we can go further.

3 Ways to Stay Ahead of Disruptive Brands Screwing Up Your Customer Expectations

BrainZooming

You might even engage a firm specializing in competitive intelligence to do this. No matter the means, there is nothing like actual usage experiences to help evaluate competitive performance levels. #3.

InnovationIQ – Score your Innovation readiness

Innovation 360 Group

It is an essential survival skill in a hyper-competitive world. How innovative is your organisation in comparison with the rest of your industry? Innovation IQ. InnovationIQ Score. 0 2015 0 2016. Prepare to regularly revitalise your core value proposition through internal and external innovation. This is more than just an ideal goal for the modern business. Where are your strengths and which capabilities need immediate attention? Where do you want to be by 2020?

Three innovative ideas leading towards greener Denmark

Ideanote

That makes the process fast, cheap and energy saving in comparison to existing casting processes. Denmark is a small country with many internationally acknowledged innovative solutions. So what is it that Denmark does so right when it comes to finding fast designs for a better future?