How to be More Agile as Competitive Advantages Fade

New Markets 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been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated.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. While the value of leveraging your organization’s competitive advantages isn’t gone, it is diminishing. The breadth of its user base is certainly a competitive advantage.

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Reinvention: Accelerating Results in the Age of Disruption

Innovation in Practice

A SIMPLE FORMULA AND SET OF TOOLS FOR FACING AND EMBRACING DISRUPTION AND RADICAL CHANGE. Technology, globalization, economic shifts, geopolitical shocks, and, yes, management thought leaders over the past 30 years have set in motion a continuous onslaught of radical, discontinuous change in the global business environment that will not abate anytime soon. The opportunity to proactively leverage disruptive events in an effort to leapfrog the competition and actually accelerate results.

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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. Make the working group diverse and give it the authority to create a strategy and roadmap for how to approach your digital transformation.

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. This is no finished roadmap but it does give investors and multiple stakeholders a really decent understanding of how Munich Re are managing their transformational journey.

Why innovation portfolios matter

Jeffrey Phillips

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.

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. Over the past decade, industries far and wide, from publishing, advertisement, music, retail, hospitality and transportation seen revenues diminish and/or potential customers flock to new competition from teenage and toddler companies like Amazon, Google, Facebook, Uber, AirBNB, Netflix and Spotify.

Timing of Innovation – Getting the Odds on Your Side

Innovation Excellence

The problem with timing is that every innovation only has a relatively small window of opportunity that happens when the technology and customers are ready, but there isn’t much entrenched competition. It requires companies to adapt, innovate, and find new ways to be competitive.

12 Technology Categories That Will Transform Careers

Daniel Burrus

Over the past thirty years, I have developed a proven methodology to anticipate disruption and change before it happens, allowing you to find the confidence that certainty provides. This method is currently being used by many Fortune 500 companies, including IBM, Deloitte, and Pratt & Whitney to name a few, as well as the Pentagon to provide an accurate roadmap of the opportunities that are ahead.

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. Over the past decade, industries far and wide, from publishing, advertisement, music, retail, hospitality and transportation seen revenues diminish and/or potential customers flock to new competition from teenage and toddler companies like Amazon, Google, Facebook, Uber, AirBNB, Netflix and Spotify.

Are You Doing Agile Right?

Leapfrogging

The Agile Innovation Process is a methodology for continually improving and adapting to competitive and consumer conditions in the marketplace. The main purpose of the methodology is to create a product or service that disrupts the market and forces competitors to adapt or exit the space because of the level of disruption created. What is the Agile Innovation Process, and what are best practices, tools and online templates for teams and organizations? By Upboard.

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“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. June 14, 2016 - GOLEAN Meta-process - Customer Factory Blueprint - Traction Roadmap - LEAN Sprints Continuous Innovation Framework 3.0?—?June

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. With today’s environment of rapid and exponential change, a well-defined, business-owned, adaptive strategy is what will enable your organization to stay ahead of disruption and win in the market.

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., Altimeter argues it is through these priorities, businesses are developing a roadmap that helps them compete for the present while building a next-generation business model to compete for the future. Organizations are struggling to understand the behaviors of the ‘connected’ customer.

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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Do you have a roadmap for its short- and longer-term implications? This could for instance be future competitors or collaborators and the force could be competition from new entrants.

“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. June 14, 2016 - GOLEAN Meta-process - Customer Factory Blueprint - Traction Roadmap - LEAN Sprints Continuous Innovation Framework 3.0?—?June

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. The Natural monopoly axis measures the degree of which a company is shielded from competition. New technologies, competitors, regulations and social trends have a nasty habit of diminishing competitive advantages so laboriously accumulated.

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. The Natural monopoly axis measures the degree of which a company is shielded from competition. New technologies, competitors, regulations and social trends have a nasty habit of diminishing competitive advantages so laboriously accumulated.

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. YKK controls the unglamorous zipper market, through a combination of superior process (quality control and competitive manufacturing) and brand power scaring away competitors.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

I could outline countless ways to work through different examples, set about a strategic and operational digital transformation roadmap, to combine effective knowledge from people and excellence gained from what you need to do in IT and your technologies to get this going, but I will not here, as this is an opening primer, not a solution. 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.

7 Things Every CEO Should Know About Their Patents

Anaqua

And secondly, looking to baseball, the quintessential analytics dream sport, with a century of meticulous and massive data to use to drive competitive advantage – and it wasn’t until the late 90’s and early 2000’s that the standard metrics and value interpretation were challenged, giving teams that were more innovative and savvy in analytics an important statistical advantage. Does our product roadmap include an IP roadmap and implications for financial projections?

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. YKK controls the unglamorous zipper market, through a combination of superior process (quality control and competitive manufacturing) and brand power scaring away competitors.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

I could outline countless ways to work through different examples, set about a strategic and operational digital transformation roadmap, to combine effective knowledge from people and excellence gained from what you need to do in IT and your technologies to get this going, but I will not here, as this is an opening primer, not a solution. 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.

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. However, organizations across industries vary significantly in the transformation process they adopt.

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. Taking a holistic view of the complete customer journey along with new experiences that a product or service offers leads to disruption.

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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. These are: Exploring innovation through more facilitated conversations and investigation designing pathways, roadmaps, blueprints and recognizing pattern recognition. I firmly believe we are on the cusp of a new innovation era.

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10 Business Challenges in which Innovation is the Answer

Business Innovation Design

From technology disruption to changing social values, their ability to sustain competitive advantage declines, if not disrupted. Create innovation roadmap and orchestrate strategy CEOs have a vision that needs to be realized. Therefore, converting a vision into reality is achieved by creating innovation roadmap that is designed to scale for growth through iterative strategic planning.

Getting Started with Innovation Management

Strategos

Innovation Management involves all activities that provide the right conditions for innovation to repeatedly deliver value for customers, competitive advantage and growth for the business as well as benefits for employees and all other stakeholders. Aiming for disruptive innovation requires different decision criteria than incremental innovation for example. It’s less a plan than it is a roadmap with the flexibility to learn and adapt or course correct along the way.

Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

Global manufacturing executives rank “skilled talent” as their #1 competitive differentiator. As the manufacturing sector speeds into a world of futuristic tech and disruptive business models, creativity and innovation are becoming critical skills for figuring out how to unlock value strategically. We use these as benchmarks to identify gaps and develop a roadmap for each organization. These are not just competitive advantages.

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. As previously mentioned, “with AQX, we are addressing the unmet needs of IP and business executives by providing a software platform that gives corporations a competitive edge and helps law firms differentiate themselves and achieve business success.”.

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. C = Creativity: Your ability to harness creativity will create your competitive advantage in today’s extremely dynamic environment. The figure below highlights the benefits of network-effects for competitive advantage. By Andreas Rusnjak.

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. Based on the assessments we provide clear recommendations and roadmaps for improving companies innovation credentials. Why are some companies more innovative than others? Scan the literature and you are bound to collect a conflicting array of answers.

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. Based on the assessments we provide clear recommendations and roadmaps for improving companies innovation credentials. Why are some companies more innovative than others? Scan the literature and you are bound to collect a conflicting array of answers.

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). The world is becoming more transparent, more open, and unicorn startups are disrupting what it means to be a 21st-century corporation. An organization’s ability to learn and translate insights into action rapidly is the ultimate 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). The world is becoming more transparent, more open, and unicorn startups are disrupting what it means to be a 21st century corporation. An organization’s ability to learn and translate insights into action rapidly is the ultimate competitive advantage.

How to setup an ‘innovation team’

hackerearth

In the typical case, companies need a driving force from within – a solid team to naturally diffuse the innovation thinking, to introduce the right technologies and the best practices regarding innovation and creative thinking; to make sure the overall innovation program is also in alignment with the on-going business; to manage the noise and the risk of (internal) disruption from the ‘innovation machine’. Handle the noise, Avoid disruption.

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 very nature of how we do business today is transforming; the new enabled technologies coming off the conveyor belt at an ever increasing pace are making business more fluid, accelerated, hazardous, competitive and connected (both locally and globally). The How, Part 1: Disrupt Or Die.

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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. Additionally, their focus should lie on using data as well as technology to give the company a leg up on the competition. Digitalization has been a game-changer for CIOs.

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How companies are innovating in the energy sector

Hacker Earth Developers Blog

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. In the Economist Thriving Through Disruption Report, 60% of executives said their senior management view disruption as a threat, not an opportunity.

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. Many automotive OEMs, realizing the disruption risk they face, have started to quickly make strategic decisions often taking many actions in parallel.

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. In doing so, we echo recent thinking that an organization “periodically needs to shake itself up, regardless of the competitive landscape” (Vermeulen, Puranam, and Gulati, 2010: 71) and search for new routines, even when it is performing well.

5 Innovation Management Best Practices for Amplifying ROI – Qmarkets’ Head of Customer Success Shares Her Insights

Qmarkets

Using new technologies to power innovation is critical for securing a competitive edge. The following practices will help make sure your innovation platform yields continuing results: Establish a Communication Plan: Ensure you regularly communicate innovation challenges to users in engaging ways (regular newsletter updates, ideation competitions, etc.). Here are just a few of the exciting new developments on our customer success roadmap: ?

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. a new product sold to existing customers with significant cost savings and better performance), or disruptive (e.g. 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. Think of HR managers who have to align company goals and employee satisfaction!