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Pace of Innovation – The Ultimate Competitive Advantage

Idea to Value

When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation.

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Future-Proof Your Business: Building Strategies for a Disruptive World

Leapfrogging

Navigating a Disruptive Business Environment In today’s fast-paced and technology-driven landscape, businesses are frequently faced with disruptions that can significantly impact their operations and long-term viability. Recognizing the early signs of these disruptions is key to responding effectively.

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Innovation project or Innovation Capability?

Jeffrey Phillips

No, today I want to talk about the differences and problems when companies focus on innovation as a discrete project, versus what they really need, innovation as a competency or capability. Plus, innovation as a project demonstrates some investment in innovation but controls for cost and risk.

Project 209
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Use a Strategy Uncertainty Map to Find Clarity in Disruptive Times

Leapfrogging

The past two years were as disruptive as they get for both society and business. A Strategy Uncertainty Map is a visual representation of your top opportunities, which can include products, services, projects, or business strategies. Competitors — How certain are we that the product is differentiated from the competition?

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Reap a Competitive Advantage with Effective Business Model Innovation

IdeaScale

In other words, business model innovation can be disruptive, toppling long-held beliefs about how customers get what they want. Unlike many product or process innovations, business model innovation can upend old markets and create new ones. And what do they do when an outsider disrupts the business model, forcing them to play catch-up?

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Getting Board Buy-In for Your Innovation Project

IdeaScale

Taking an innovation project from idea through execution is challenging, and there can be obstacles at several places along the journey. When there is company-wide buy-in for an innovation project however, these challenges can be overcome more easily, and there is far less chance for the project to go uncompleted.

Project 185
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How to Succeed with Corporate Innovation: Strategies and Best Practices

Qmarkets

It is a crucial element for companies to adapt, grow, and stay competitive. These innovations often stem from extensive research and development and can lead to new market creation or a dramatic shift in industry standards. Each type of corporate innovation plays a unique role in a company’s growth and competitiveness.