How to be More Agile as Competitive Advantages Fade

New Market Advisors

For years, Columbia Business School professor Rita McGrath has been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. The world is evolving too quickly for competitive advantages to last for a meaningful amount of time.

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Reinvention: Accelerating Results in the Age of Disruption

Innovation in Practice

The opportunity to proactively leverage disruptive events in an effort to leapfrog the competition and actually accelerate results. How the same overall Reinvention solution can effectively apply at the individual, team, organization, and societal levels when disruption must be faced.

Is your company up for disruption? Possibly not

David Marks

Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go. The best way to express this is with the rebel within’s disruptibility curve.

You Are Being Digitally Disrupted – Do Something About It

The Inovo Group

By reducing economic friction, digitalization enables competition that pressures revenue and profit growth. Many companies are not prepared for the disruptions that the coming digital transformation will cause and some haven’t even started thinking about it seriously.

Munich Re offers a real clarity to their innovating future

Paul Hobcraft

They are looking to enable technology and digital innovation to improving their 1) existing business models, looking to 2) disrupt existing business models and 3) establish new business models in selective insurance sectors, to continuously learn and adapt.

Why innovation portfolios matter

RTI Innovation Advisors

After a decade of reading about it, getting pounded over the head with the Jobs/Apple story and watching new innovations disrupt entire industries, businesses are starting to react. For example, are the ideas you want "incremental" signalling small change to existing products and services, "breakthrough" or "disruptive" to signal increasing difficulty and impact. Many companies use a "rule of thumb" to divide the portfolio into 70% incremental, 20% breakthrough and10% disruptive.

When Creative Destruction is the Right (or Wrong) Foundation for Innovation

New Market Advisors

And it’s the knowledge of when to focus on addition and when to focus on replacement that gives companies a competitive edge and a roadmap for growth. industry, company dynamics, competitive advantages, and so on?—?there

3 Warning Signs Your IT Strategy is All Wrong

MSSBTI

You are not seeing your IT strategy as a competitive advantage. Your IT strategy is no longer just a tool for back office operations, it is a key enabler to your business growth strategy and core to creating your competitive advantage.

“Lean Startup, or Business Model Design, or Design Thinking?” is the Wrong Question

Leanstack

Every company needs to simultaneously optimize their existing business model (sustain) and search for the next evolution of the business model (disrupt). And companies that continuously outlearn their competition win.

Mapping the customer journey is the top driver for digital transformation

Paul Hobcraft

The report warns even further: Mobile is just the beginning of disruption in the customer journey. With the runway for disruptive technologies still ahead (e.g., Organizations are struggling to understand the behaviors of the ‘connected’ customer.

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7 Things Every CEO Should Know About Their Patents

Anaqua

Those that are creative in utilizing existing data, combining internal and external data analytics, and innovate in ways to improve aligning R&D and IP with business objectives, will find opportunities for competitive advantage. by Erik Reeves, CTO of Anaqua.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position.

Chief Digital Officer - To have or not to have

hackerearth

Today, companies are trying to deal with huge amounts of data, lots of tech advances, and disruptive business models in a highly competitive environment, and the thought cloud has just about burst! Digital transformation is real, today, and here to stay; there is no debate about that.

What do most innovative companies have in common?

hackerearth

The increasing competition for customers, market share, and talent in almost every industry demands an innovative approach to business. Not only is innovation necessary for enhancing competitive advantage, it is a requirement for businesses to thrive as well as survive.

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The 2020 CIO: Predictions and Insights

Acuvate

Technology changes (or rather evolves) at a disruptive pace today. and competitiveness. The modern CIOs will have to create his place in the C-suite by being able to determine the right technology roadmap to create improved and innovative new business models.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position.

On the Origin of Companies

David Marks

In this post I will explain how the disruptibility curve, described in my previous blog posts, could be used for the same purpose. The disruptibility curve maps a company on two axes: The Natural Monopoly and the Customer responsiveness.

Relating to the New Innovation Era

Paul Hobcraft

Innovation is advancing but most of it has been designed for a different time, the old era of stable markets, predictable solutions and having a clear sense of your competition. I firmly believe we are on the cusp of a new innovation era.

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The only two measures that matter

David Marks

The Disruptability Curve presented in my previous blog , is a modest addition to this collection. In this blog post I’ll explain how it can be applied to explaining the competitive position of companies. The Disruptability Curve has two axes.

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Digital Transformation: The Why, What & How For Transformational Leaders…

The Future Shapers

Digital technologies are already disrupting the previously established rules of business by enabling new business models and levelling the playing field in unprecedented ways. The How, Part 1: Disrupt Or Die. All of the great innovators of today have embraced digital disruption.

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Four Key Considerations for Evaluating Your IP Management Solutions Amid Industry Consolidation

Anaqua

At Anaqua, we partner with clients in a structured manner to define our product roadmap, which in turn guides our acquisition strategy, targeting complementary capabilities to drive client value. By Vincent Brault, SVP of Product & Innovation.

The Benefits of Losing a Star Employee (Temporarily)

Michael Roberto

At the same time, training programs can help the star develop team building or leadership skills that contribute to the firm’s longer-term roadmap upon her return. Our study underscores the idea that disruption may foster learning.

How to setup an ‘innovation team’

hackerearth

The strategy and the roadmap towards the desired innovation-driven mode are critical. The team must be capable of capturing and interpreting market and competition insights, trends and predictions. Handle the noise, Avoid disruption.

Agile 80

Successfully shaping Digital Transformation

ITONICS

The way how new business models evolve depends to a large extent on how companies adapt their established value-added processes and structures to environmental changes and on how they face competition. The figure below highlights the benefits of network-effects for competitive advantage.

5 Things to Stop Doing to Enable Enterprise Innovation

Moves the Needle

Of course, speaking to customers about their problems without having any defined product or solution roadmap in mind may seem awkward and even scary to many corporate employees (especially engineers and product developers). *This post originally appeared on Mind the Product.

How companies are innovating in the energy sector

hackerearth

It is important that our policymakers work together to find policies that help to ensure that energy is affordable for all citizens, including low-income families and small businesses, by offering a roadmap for a brighter future for generations to come.

5 Things to stop doing to enable enterprise innovation

Moves the Needle

Of course, speaking to customers about their problems without having any defined product or solution roadmap in mind may seem awkward and even scary to many corporate employees (especially engineers and product developers). *This post originally appeared on Mind the Product.

What do you need to innovate?

David Marks

Technology leadership forges a competitive advantage. This method can be combined with the disruptibility curve, introduced in my previous blog , toward working to improving the innovation credentials of the company. Why are some companies more innovative than others?

Next-Generation Mobility Stratifies OEMs

Corporate Innovation

Later the same month GM’s management team held an investor day to present the roadmap of its autonomous vehicle program and detail the mobility services it intends to offer using such vehicles starting in 2019, building on its tests in San Francisco and Scottsdale, another suburb of Phoenix.

Choosing the right innovation approach for your business

hackerearth

Creating new business models or value propositions, enhancing the efficiency of existing businesses, and sustaining growth in a complex competitive and fickle landscape—that’s innovation. Waiting for inspiration to strike is not a sustainable method of securing competitive advantage.”

Hackathons—HR’s best friend

hackerearth

Disrupt HR! What you need to know is that none of these tools were a part of the plan or roadmap. People don’t take them too seriously or get too competitive. Trying to find an example of the “walking a thin line” idiom is easy.

What is innovation management and why your organization needs it

hackerearth

Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In disruptive innovations, new entrants win. Understanding Innovation Management. What besets today’s companies?

What is innovation management and why your organization needs it

hackerearth

Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In disruptive innovations, new entrants win. Understanding Innovation Management. What besets today’s companies?