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Why Building a Culture of Innovation is your Competitive Advantage

Wazoku

It’s perhaps safe to say, therefore, that they’ve mastered the art of innovating to derive a competitive advantage. If you can embody the spirit of innovation in one man, it’s perhaps that of Thomas Edison. That’s where differentiated innovation comes into its own.

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Evolution of Hyperloop: Propelling innovation the Elon Musk way

hackerearth

The aim was to understand how Musk makes these radical innovations possible and how exactly he propels innovation. During the course of research, there were two things that stood out. Less than 10% of all innovation falls under this category. How SpaceX propelled innovation with no investment?

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Lessons from the master of war: Antibodies, Part 3 of 6.

Innovation 360 Group

Unlike chess, in a real battle you have no idea what capabilities the enemy has until you do a great deal of competitive intelligence. That might sound like common sense, yet countless businesses enter the competitive arena every year without even trying to inventory their own capabilities let alone what they are up against.

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Two strategic approaches to innovation: incremental vs radical

The BMI Lab Blog

This approach is very popular because it reduces the risk that radical innovation usually takes. Moreover, companies with great human capital, resources, and capital find that is much easy for them to follow this innovation path, which brings clear advantages, such as: Helps companies remain competitive.

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3 innovation types: evolution, preventative and creative

Jeffrey Phillips

Even if we can speed up innovation activities (we've run innovation programs from problem definition to fully developed prototypes in under a week) you've still got to go through the product development and launch cycle. Another approach is to use innovation to ferret out efficiency gaps.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

So where does innovation sit within your organization? Both are I feel “painting” a realistic picture of where innovation does sit within organizations. Am I happy with this, no of course not but in my view “nothing can change until something does change” What do I mean by that? Two reports recently came out.

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Mitigating risk with a balanced innovation portfolio

Innovation 360 Group

Of course, projects can be chosen for other reasons, but that should be a very conscious decision.). Freeing resources from non-productive busy work opens you up for more radical innovation, which is often put on the back burner when an organization is overloaded. Valuation of projects should be the basis for prioritization. (Of

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