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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. Probably the most important study of first mover advantage came in 1993, when Golder & Tellis analysed 500 companies across 50 product segments.

Strategy 257
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Are you Ready to use this Economic Downturn to Become Recession Proof?

Daniel Burrus

2019 was a completely different world in comparison to 2020 and beyond, and even as we have weathered the storm in one way or another, every day has become a question mark for many across all industries. Then, the coronavirus pandemic of 2020 thwarted it all. Opportunity Awaits — It Never Waits. But is that the right choice?

Agile 79
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Business Model Innovation 2020? - From Lean Startups to Impact Startups.

The BMI Lab Blog

Lean startup, coined by Eric Ries and previously described in the book “The Four Steps to Epiphany” (2005) by Eric’s mentor Steve Blank, is singing from the same song-sheet. And in comparison, global issues like climate collapse, finite resources, waste, contamination, animal extinction etc. put “unmet customer needs” to shame.

LEAN 52
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Innovation Management Software: Connect Creativity and Collaboration

Planview

No matter how you get work done, whether it’s Agile, traditional waterfall, Lean, or something in between, organizations must be able to establish an innovation culture where ideas are collected, evaluated, prioritized, and then turned into amazing products, services, and efficiencies that your business and your customers want.

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How to Influence People and Drive Change

Leapfrogging

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. The push style of persuasion refers to a direct and assertive method of making a point or proving a point.

Change 100
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Beating Your Biases: How to Become Your Own Devil’s Advocate

The Human Factor

In my experience, the confirmation bias – the tendency of the human brain to go to great lengths to reinforce the viewpoint it already has – takes the cake when it comes to damaging organizations.

How To 41
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The 3 Biggest Lessons from Our Financial Services Panel

KindlingApp

This question was followed by a long pause and the general consensus was that as much as they would like to, traditional and especially public companies are too tied to the bottom line and quarterly reports to really embrace “lean methodology.”