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You can't burn data

Jeffrey Phillips

As the concept of digital transformation takes root, you may frequently hear comparisons between data and oil. This comparison was strong enough to lead Wired magazine to define data as the new oil in a magazine article some years ago. On the surface, this comparison seems to make some sense.

Data 157
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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

In comparison, of the companies which were fast followers in those categories (and which entered on average 13 years after the pioneers), only 8% failed. And competition has its advantages. After all, when someone copies what you have in the market, they are copying the artifact of your past effort.

Strategy 257
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Innovation for Impact

The Inovo Group

People who try to learn purely through observation and theory miss a great deal and forget even more. Value creation is an exercise in active learning and active learning depends on engagement. There are five basic elements of active learning: Iteration with real-time feedback. Multiple learning styles.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

In this article, we delve into the essence of discontinuous innovation, its impact on the competitive landscape, and how businesses can harness its transformative potential. Strengthening Competitive Advantage Leveraging discontinuous innovation allows companies to differentiate themselves significantly from their competitors.

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Navigating the Shift from Project to Product: A Map for Success 

Planview

Plan Efficiently: This includes budgetary practices, a survey of the current and desired status, and the practical application of continuous learning to daily operations. Define Your Culture: Foster a product-oriented culture where governance models are defined and knowledge sharing and continuous learning are promoted.

Project 69
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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. But what if you could move beyond the idea of competition? Competition: Flirting with Failure.

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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. How can we facilitate easier and more accurate buying comparisons for customers? Making Customers Better Buyers.