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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.

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How a Top Telecom Company Adopted Demand Management Software and Streamlined Their Projects

Planview

It can transform the way organizations plan and execute projects. Members of the Group IT Service and Technology department respond to around 134 monthly demands – and can have up to 250 active projects at any given time. “We ran a competition with prizes throughout the whole process to get people to attend calls.

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Wolters Kluwer Podcast – How Innovation Awards Can Fuel Business

IdeaScale

Due to that broad range of industries and products, “competition doesn’t necessarily come from a nontraditional peer set. The third is for moonshots, long term projects that may or may not pay off but could pay enormous dividends if they do. It’s a demanding business where change is the only constant.

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How a South African Consulting Firm is Drawing on New and Old Innovation Best Practices

IdeaScale

Stratnovation advises companies on innovation by focusing on strategic planning, training entire workforces, providing new insights, and project management. In the private sector, it is a critical tool to remain competitive. Competitiveness and innovation are linked together. Let us demo our platform for you.

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How the 2021 Olympic Games Are Some of the Most Innovative Yet

IdeaScale

Since ships need to be far out in the water, watching the competition usually involves binoculars from land. And finally, at the swimming competition, augmented reality, or AR, would have streamed live event data directly to special goggles allowing spectators to both watch the event and gain a better understanding of what unfolded.

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Managing WIP and Bottlenecks in the Financial Industry

Planview

These Agile principles have introduced a new level of adaptability, collaboration, and responsiveness, allowing organizations to stay agile and competitive in the ever-evolving market. Portfolio Prioritization Prioritize projects and initiatives based on their strategic importance, regulatory impact, and potential returns.

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Maximizing Efficiency & Productivity: 3 Ways GenAI Optimizes Value Stream Management for Tech Leaders 

Planview

But while the increasing number of companies adopting VSM has changed how teams build from project to product, a new innovative approach hits the spotlight: generative AI (genAI). Another challenge worth noting is the ongoing battle over models and pricing, which has fueled intense competition among AI producers in the market.