Rediscovering sustainable competitive advantage

The Future Shapers

Sustainable competitive advantage? Most business leaders I talk to agree that the days of sustainable competitive advantage are over. The reason our search for sustainable competitive advantage is becoming increasingly elusive, is that we’re looking in the wrong places. Globally, only 15% of employees are engaged at work². Without it, all competitive advantage is temporary and increasingly short-lived. Seriously? In our time?

Employee Engagement Propels Innovation

Planview Spigit

Most companies will agree that innovation is critical to sustaining growth and remaining competitive. However, for this culture to exist, employee engagement is imperative. A culture of innovation relies on employee engagement and a shared vision for a company’s success. Over the last 15 years, organizations have invested $100 billion annually to improve employee engagement with little success. Watch the full video: Talking Employee Engagement with Spigit Clients.

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

Agencies Should be as Competitive as Consultancies in Non-Marketing Engagements

Brunner

Those with strong data science capabilities should not only be able to retain current business, but be a competitive resource on projects traditionally in the domain of the consultancies. Engage past marketing. macroeconomic conditions, weather, competition), operations (e.g., That’s why finding the right talent, and encouraging them to go beyond marketing can increase an agency’s competitive advantage.

Top 9 Actionable Employee Engagement Ideas and Activities

Acuvate

In today’s competitive business world employee engagement is an essential element in creating a positive work culture and a productive workforce. Organizations with engaged employees perform better than those without by whopping 202%. This is the reason employee engagement gets top precedence in the workplace strategy. A recent Gallup study found that organizations with high employee engagement rates are 21% more productive.

Business Models Changing the Landscape of Growth and Innovation

Speaker: Cheryl Perkins, Founder and President, Innovationedge

Companies these days cannot afford to stand still! Cheryl Perkins, Founder and President of Innovationedge and a visionary business leader, will share best practices of companies who are defining and implementing new business models. These business models are used to create new pathways to value and deliver growth in today’s business climate. She will lead you on a journey through business model basics and describe how companies are taking innovation strategy to the next level while tackling the current challenges of talent management and innovation fatigue.

Idea Competitions and Why Your Business Needs One

Ideanote

So, if you want to join the innovative crowd and get some fresh input for your new product, internal idea competition is your answer. Successful idea competitions will benefit your business in many ways. Not only will you get the ideas you need, but also boost your innovation culture, employee engagement, and promote internal collaboration. Companies can rely on innovation management platforms to find good ideas and gain competitive advantage.

How to Achieve High-Quality Ideas in Idea Competition?

Ideanote

In the previous blog post, we laid out the concept behind in-house innovation competition and the benefits that come with it. In order for the competition to yield high-quality ideas, there are a few rules you should follow. Seven Tips That Will Make Your Innovation Contest a Success We dug into Harvard Business Review articles and scholarly literature and noted down seven tips on how to ensure satisfying idea competition results: 1.

Times of change: 5 business trends to stay competitive

mjvinnovation

The following five business trends will help you stay competitive. According to the survey, 90% of people who work in purpose-driven organizations feel engaged in their work. The current situation calls for professionals and companies to be open to the “new”, to the possibilities of change that, if conducted strategically, can keep you competitive. Confira o post: Times of change: 5 business trends to stay competitive em MJV Technology & Innovation.

Effective Leaders Create Highly Engaged Cultures

Tullio Siragusa

Effective Leaders Create Highly Engaged Cultures. People who find their work meaningful are happy, better engaged, and able to deliver exceptional results for the business.”. Belonging is the crucial piece of the puzzle to building highly engaged cultures, leading to better collaboration and problem-solving.”. Similarly, developing engagement through two-way communication ensures people are both listened to and kept in the loop with what is happening in the company.

Getting Engaged With American Girl

Innovation Excellence

American Girl doll has been a leader in customer engagement well before the concept became a dinner conversation in the marketing innovation circles. With the raise of the experiential trend, American Girl yet again leaped ahead of it’s competitive set. Continue reading → Consumer Innovation Creativity Headlines Innovation collaboration marketing @lenaputilina @American_Girl American Girl Toys Williams-Sonoma

Winners announced for the Civic Engagement Innovation Competition

Betterific

Our “ Hacking Civic Engagement ” Challenge was a first for us in many respects. Quick shoutout to the winners of the ideation competition: Luc Michaud (grand prize winner), Metro Power Yoga , Marla Goodman and Dennis Pitcock. It was the first time we’ve done a civic (non product) challenge. It was the first time we partnered with Singularity University – the institution that believes in exponential thinking based on the exponential growth of technology.

Measuring Innovation Performance

competitive advantage or be a USP, is what drives every organization. Better employee engagement and cross-functional collaboration spawn better ideas. Select the right outcomes and incentives to keep employees engaged to improve the. How engaged are they and how much do these e?orts

Employee engagement and innovation

hackerearth

Researchers across the world agree that engaged employees drive the culture of true innovation in successful companies. What is employee engagement? Even leaders who do value their employees frequently mistake employee satisfaction for employee engagement. Giving your employees free food coupons, spa membership, or other such perks can sure make them happy, but these don’t translate into meaningful engagement. Gallup employee engagement survey results.

Lessons from Silicon Valley on Innovation and Engagement

IdeaScale

Cutting costs and driving innovation is one of the only feasible strategies in order to respond to the market while remaining competitive. The current state of technology can tell us a lot about how effective innovation strategy can drive consumer (and employee) engagement. Simply put, employee engagement matters. The post Lessons from Silicon Valley on Innovation and Engagement appeared first on IdeaScale.

eX Summit: Is the real innovation around employee engagement?

Innovation Excellence

Many organizations have failed to focus on the experiences of their most important competitive advantage: employees. Change Conferences Culture & Values Disruption Management Strategy conference disruption Employee Engagement Employee Experience Innovation SummitIt’s now time to talk about the employee experience (EX). That’s why I’ve founded eX Summit, a space to debate the importance and impact of the employee experience.

Understanding the trajectory of the competitive landscape

Mike Shipulski

If you want to gain ground on your competition you’ve first got to know where things stand. For prices of their products you may have to engage your sales team and your customers.) Then, compare yours with theirs and you’ll know what the competitive landscape will look like in three years. Clarity How To Seeing Things As They Are The Future Competitiveness Manufacturing Competitveness Patents Product Development Engine

Tips for Established Businesses to Survive the Startup Surge

InnovationManagement

So much has already been said about what smaller, fresh companies need to do in order to gain a competitive edge in a well-developed market, but how often do you think about what those well-established businesses should do to achieve the same? Strategies Change Management cloud Competition competitive edge customer engagement Employee Engagement flexibility marketing personalization remote work

Tips 56

How to Promote a Culture of Employee Engagement Through Innovation

Planview Spigit

Business2Community recently published an article written by Spigit’s CEO, Scott Raskin, discussing how a focus on crowdsourced innovation can help drive employee engagement. The reality is, having engaged employees in today’s competitive business landscape is important now more than ever. This is why companies invest so much money on improving employee engagement – over $100 billion annually to be exact. Employee Engagement

A Simple Guide to Building an Engaged Team

Rmukesh Gupta

Premise: We don’t need tons of research to tell us the importance of having employees who are engaged in their work. The result of an engaged set of employees shows up when an employee goes beyond his call of duty to serve a customer or when a team gets formed organically to address some specific issue that has cropped up during the day. It is no surprise either when that having such an engaged workforce can and does become a true competitive advantage.

Sincerely Sima: Keeping Participants Engaged

KindlingApp

Our emphasis on engagement continues here with a look at what it takes to keep participants engaged as active contributors to the conversation. Dear Sima, We ran a Campaign and saw a lot of initial participation and ideas but then after a few weeks, activity tapered off and there was a large dip in engagement. Many of our customers experience engagement challenges because they are only moving a few ideas through the workflow. Innovation Management Engagement Feedback

9 Ways to Engage Your Crowd

Planview Spigit

But, to be successful, you must find the right approach to consistently — and repeatedly — engage your crowd. Here are 9 drivers (and examples) you should consider using to engage your crowd in your innovation efforts. This one appeals to the competitive nature that lies within all of us. In fact, research shows that 86% of values-based recognition programs lead to increased engagement. The obvious: when an activity is enjoyable, it is inherently engaging.

5 steps to engaging 7,000 customers in innovation

Wazoku

Not only do you get instant insight into what your consumers want and need, which helps you create a competitive advantage; as a by-product, you also get your customers’ buy-in before even creating a new product. Having successfully completed their ‘Think Toddler-sized’ challenge, they shared with us their guide to engaging customers in innovation. Define the challenge you are inviting people to solve and develop engaging content to support it. Blog customer engagement

10 Do’s & Don’ts for Open Innovation Competitions

100%Open

We were asked recently by a new client what our top 10 Do’s and Don’ts are for running open innovation competitions, based on our experience including the UBS Future of Finance Challenge , Unilever Foundry Ideas Challenge , Colombia CO4 Open Innovation Competition , and Ordnance Survey GeoVation Challenge. Do not attempt to engage all audiences simultaneously as their needs and their capabilities vary enormously.

So You Think You Know Your Competitors? Think Again.

InnovationManagement

Support for SMEs Trend Alert banking Competition competitive advantage corporate innovation customer engagement development finance innovative companies invention market partner partnerships retail tourism transportation trendsA brand-new car sold by a vending machine and a robot that brings in the laundry - in this article, we'll explore how to prepare for new competitors entering the market. The post So You Think You Know Your Competitors? Think Again.

Why Building a Culture of Innovation is your Competitive Advantage

Wazoku

It’s perhaps safe to say, therefore, that they’ve mastered the art of innovating to derive a competitive advantage. Indeed, it may be why the research still suggests that over 40% of senior executives still don’t recognise innovation as a form of competitive advantage or as a value builder for organisations. Incremental innovation is something which everyone can become involved in, particularly if the culture is one which promotes engagement in delivering improvement.

COVID-19 and consumer engagement: closer than ever to consumers

ideas4allinnovation

With activity at a standstill during these months because of COVID-19, brands are forced to explore new ways of maintaining the relationship with their consumers and promoting consumer engagement. Consumer engagement: formulate and apply a narrative for COVID-19. The ability to anticipate will be essential for the survival and competitiveness of many businesses. The post COVID-19 and consumer engagement: closer than ever to consumers appeared first on innovators.

Forget Best Practice, Think Always Of Learning Next Practice

Paul Hobcraft

Here does lie a true competitive component and so many organizations seek to apply someone else’s practice so they can end up as “same” practice. The author offers a view on how digital forces are reshaping five key domains of strategy—customers, competition, data, innovation, and value. They are rewriting the rules of customers, competition, data, innovation, and value.

Crowdsourcing with the Competition: Rewarding Venture or Precarious Proposition?

Qmarkets

Why your company needs to think about crowdsourcing with the competition…. Understandably, the increase in competition and market saturation is seen by those who experience it as a direct threat to their organizational legitimacy. Read on to discover why forward-thinking companies are collaborating with the competition and to decide whether this is something your company should also be considering. Keep your friends close, and your enemies closer.”

Listening to your employees can give you more innovation, but also more engagement

ideas4allinnovation

Both those needs translate, and line up, within a corporate innovation program: gathering new ideas is very important, but what is even more important is finding the right ideas and getting employees to participate and become engaged in innovation. Technology and crowdsourcing: more ideas, innovation and engagement. Working on employee engagement is key in making employees part of innovation. . More engagement and talent recognition. Listening reinforces engagement.

Qmarkets Fall Product Release 2019: Making Innovation Engagement Easy

Qmarkets

Engaging Smart Recommendations. We want your users to spend more time engaging with the system in ways that make a bigger impact. You can assign tasks to owners, set their priority and due dates, manage their competition status, and have private discussions per task.

COVID-19 and the local economy: Santander launches a competition for citizen ideas for the recovery of small businesses

ideas4allinnovation

Santander’s city council has launched a competition in Santander City Brain eco , its community for citizen participation around sustainability, in search of innovative ideas from its citizens to help the reactivation of local business after the lockdown caused by COVID-19. The challenge also seeks to engage the city’s retailers and different associations in the sector.

Nine Actions You Can Take Today to Make Your Company More Innovative

IdeaScale

Best Practice Competition core employee engagement failure incremental leadership portfolio trustInnovation strategy is often about direction and momentum. But in order to have either, you need at least a small amount of mass to get started.

Crowdsourcing with the Competition: Rewarding Venture or Precarious Proposition?

Qmarkets

Why your company needs to think about crowdsourcing with the competition…. Understandably, the increase in competition and market saturation is seen by those who experience it as a direct threat to their organizational legitimacy. Read on to discover why forward-thinking companies are collaborating with the competition and to decide whether this is something your company should also be considering. Keep your friends close, and your enemies closer.”

Qmarkets Fall Product Release 2019: Making Innovation Engagement Easy

Qmarkets

Engaging Smart Recommendations. We want your users to spend more time engaging with the system in ways that make a bigger impact. You can assign tasks to owners, set their priority and due dates, manage their competition status, and have private discussions per task. These engaging project management features should make it easier than ever to ‘put the wheels in motion’ and make sure your valuable ideas don’t go to waste.

Qmarkets Product Release Fall 2019: Making Innovation Engagement Easy…

Qmarkets

Engaging Smart Recommendations. We want your users to spend more time engaging with the system in ways that make a bigger impact. You can assign tasks to owners, set their priority and due dates, manage their competition status, and have private discussions per task. These engaging project management features should make it easier than ever to ‘put the wheels in motion’ and make sure your valuable ideas don’t go to waste.

Engaging your community to future-proof your organisation

Wazoku

Engagement is a current hot topic and one of the solutions that’s being presented to organisations that want to be innovative. Engaging employees is great and can yield results, but it’s come to a point where organisations have to expand their communities to include external members. Co-creation Communities also allow organisations to innovate quicker, to gain competitive advantage. The post Engaging your community to future-proof your organisation appeared first on Wazoku.

Eleven Ways to use Crowdsourcing

Destination Innovation

Design Competitions. You can host your competition and build your brand while simultaneously getting a host of free input. Similar to design competitions, crowdsourced programming lets a variety of individuals offer ways to code and frame your websites, apps, and more. Customer engagement. Crowdsourced competitions are a great way to involve your most loyal customers and turn them into evangelists. How are firms using crowdsourcing?

Peeling away the layers of your innovation reality

Paul Hobcraft

Your preferred place after you have accessed the competitive situation and what needs to differentiate yourselves, by being realistic about your present operational performance and rigorous evaluation of how you can perform.

Travel 154

Your Future Lies in Occupying the Innovation Job and Using the Skills it Provides

Paul Hobcraft

First, we have to recognize Human capital is still the most crucial asset of any business—in fact, even in an age of ubiquitous technology, it is human skills, creativity, and capability that will form the competitive edge for any organization. So, the value of becoming more engaged in being creative, wanting to participate in innovations, will position those people at a significant advantage in the new world of skills we will be needing.

System 199

From MW to GW’s of Renewable Hydrogen using Electrolyzers

Paul Hobcraft

The commercial competitiveness of the electrolyzer will depend on the ability to advance the underlying technologies. I was listening to a short chat between Armin Schnettler, the SVP New Energy Business, Siemens Energy, and Kevin O’Donovan. Kevin, without doubt, is an outstanding, knowledgeable technology evangelist for all things relating to the Energy Transition.

The chance to think differently about Ecosystems for Innovation

Paul Hobcraft

Ecosystems built around specific platform designs are the future of innovation that takes designs and solutions into a new realm of opportunity built on collaborative engagement and common missions.

Design Thinking: A Social Technology That Fosters Innovation

InnovationManagement

Enterprises need to innovate to stay relevant amidst technology advancements, a competitive business environment and demanding customer expectations. Life Cycle Processes Strategies audience engagement brainstorming Creativity customer persona design thinking prototyping

Innovation adoption in the technology lifecycle for Energy Translation

Paul Hobcraft

The economics of powering the energy system with renewables has got to the point where there is real competitiveness. Building the systems enabling framework. Source: World Economic Forum. Technological innovation has a central role to play in the Energy Transition currently being undertaken throughout the world. The shifts need to take the different parts of the energy system through a lifecycle approach to any future energy system.