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An innovation framework that offers a formula for sustainable advantage

Paul Hobcraft

Seeking out a working Sustainable Competitive Advantage (SCA). Entrepreneurship facilitates generative-learning activities as the focus. Always orientated towards innovation, not just new product development. The formula SCA = II + OC + EE + MLC + RNE makes sense to me. By asking a bunch of questions.

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Unique Ways Successful Startups are Changing the Corporate Innovation Landscape

Idea to Value

Innovative entrepreneurship has taken organizational innovation to the doorstep of many corporates by facilitating the understanding of its benefits. Rapid production and MVP. A Minimum Viable Product (MVP) is more than the product itself, it represents the beginning of a whole process. Both have what the other needs.

Change 180
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Driving Success: Harnessing the Power of the Startup Ecosystem

Leapfrogging

By integrating the agility and innovation of startups, corporates can cultivate a more entrepreneurial culture within their own structures, driving growth and remaining competitive in a rapidly evolving business landscape. They are typically driven by a desire to support entrepreneurship and are less risk-averse than traditional financiers.

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Our 7 Podcast Recommendations about Innovation and Entrepreneurial Spirit

The BMI Lab Blog

Researchers Michael Leatherbee and Riitta Katila recently published a paper in the Strategic Entrepreneurship Journal that shows how and why lean startup’s emphasis on “customer discovery” (directly testing business hypotheses with potential customers during product development) does help teams converge on business ideas.

LEAN 52
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71 Innovation Methodologies

Open Innovation EU

New Product and Development Service Process (Hauser). New Product Development Front End (Khurana). Revolutionizing Product Development (Wheelwright & Clark). New Product Development Funnel (Katz). Design Competitions. Developing Crowd Capabilities (Prpic). PACE NPD Funnel.

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Three Tools I Use to Enhance Customer Engagement and Innovate Strategically

Fehmida Kapadia

Paradigms of product development have shifted significantly in the last decade. The key tenet of agile and lean development is to quickly and iteratively build?—?test?—?learn. To reduce cost and time associated with the product development cycle, we have to start engaging with our customers early.

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7 Failures of Business Growth

Daniel Burrus

Develop new solutions based on those answers and base your product development on your customer’s future problems. Unfortunately, most companies come up with something new and make it their main product. Other companies copy the product, and then market saturation occurs. FAILURE TO DE-COMMODITIZE.