article thumbnail

Encourage Innovation Through Competition

eZassi

Whether the focus is on product development, service delivery, customer satisfaction, or market share capture, competition drives a company to improve its performance. Internal Competitions. Creating an internal competition is an excellent way to motivate your workforce to develop innovative solutions and new business opportunities.

article thumbnail

Do’s and Don’ts of Open Innovation

eZassi

Open innovation allows organizations to harness the creative efforts of others, both across the globe and in the office down the hall. Instead of ‘mine’ look to ‘ours’ because this allows you to accept outside collaboration, which leads to increased market responsiveness, profitability, and competitive edge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CPG Industry Innovation

eZassi

It’s a complex, interdepartmental system that is augmented with 3 tactics: the advantage of open innovation, strategic supply chain forecasting, and tools for enhanced collaboration across teams that bring new products to market. Utilize Open Innovation for R&D. Request a Demo.

article thumbnail

Intrapreneurs

eZassi

Stanford University outlines the types of innovation as the following: Product innovation – New or improved good or service that benefits a company, such as improved customer experience or a new device for the market. Want to learn more about embracing intrapreneurship and creating an innovative culture within your organization?

article thumbnail

How Ezassi Could Outperform Your Current Innovation Platform

eZassi

Crowdsourcing innovation is becoming a standard operating procedure in many industries because it shortens R&D time, reduces costs, improves market responsiveness, and creates a collaboration network, all of which supports the development of cutting-edge products and services. Contact us today to learn more or request a demo.

article thumbnail

How we cultivate sustainability and help our customers do the same

Wazoku

We use Balbu to run internal competitions, test and develop product features and improve operational and business processes to name a few. At Wazoku the tools and processes we recommend to our customers when generating ideas or solving business challenges are the same we adopt internally. Appendices. 1: [link]. 2: [link]. 3: [link].

article thumbnail

Titans of Transformation: 5 Outstanding Examples of Innovation in Business

Qmarkets

It would be naive to suggest that there’s only one definitive innovation example from retail titan Amazon that enterprizes could benefit from emulating. A report from BCG highlighting the critical importance of development times for securing innovation ROI. Harmonize incremental and disruptive innovation approaches.