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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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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. So, to get started, here are five misconceptions many companies have about innovation that you need to consider when building your strategy.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. So, to get started, here are five misconceptions many companies have about innovation that you need to consider when building your strategy.

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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. Innovation Strategy to Grow Your Business?

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Customer Experience Strategy: 4 Ideas for Creating Customer Focus

BrainZooming

The folks over at “Inside the Executive Suite” from Armada Corporate Intelligence addressed an important aspect of customer experience strategy this week: turning your organization’s claims of customer focus into real actions. Customer Experience Strategy: 4 Ideas for Creating Customer Focus. Making Customers Better Buyers.

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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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Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

In this blog, we will share the additional ‘innovation assets’ that many companies are yet to include in their business innovation strategy. This can result in the formation of ideas for new products and strategies, which ultimately can create competitive advantage and deliver incredible ROI.