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How Benchmarking Against Market Leaders Can Drive Business Success

Leapfrogging

Even worse, your business may end up being disrupted by the next big innovation that comes on the market. By benchmarking their key performance metrics (KPIs) against those of other businesses, business leaders can develop processes which allow them to keep ahead and stay ahead of similar organizations within the same industry.

Marketing 100
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You can't burn data

Jeffrey Phillips

This comparison was strong enough to lead Wired magazine to define data as the new oil in a magazine article some years ago. But raw oil isn't all that useful until it is refined, and sweet crude from Texas is easier to turn into marketable products than Venezuelan oil. On the surface, this comparison seems to make some sense.

Data 157
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Use a Strategy Uncertainty Map to Find Clarity in Disruptive Times

Leapfrogging

The success criteria for the external environment might include customer acceptance, competitive differentiation, market trends, or anything else external to your organization that you don’t control. Competitors — How certain are we that the product is differentiated from the competition? Internal Capabilities.

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How to use the 70-20-10 Rule to drive innovation within your business

Leapfrogging

The basic premise of the 70-20-10 Rule is that if the organizational stakeholders consistently makes small improvements to their existing line or enters into new markets, they will sustain the organization without ever evolving it to remain competitive with changing times. Magazine , a globally recognized? Leapfrogging ?and?

How To 130
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How to See Your Hidden Assumptions

Leapfrogging

Find a company completely outside of your industry or market and look at what makes them different and what they do really well. Use the format “I want to be the of ” by putting a company name into the first blank and the area of your target market or innovation area into the second blank. Adapt a Business Model.

How To 130
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Use Intuition for Innovation Just Like Apple and Target

Leapfrogging

Apple never did formal market research to tell them what to do. Steve Jobs once said, “We do no market research. When we try to hold large amounts of information in our heads–like all the trends, customer needs, competitive activity, etc. Magazine, a leading keynote speaker and the founder of Praxie.com.

Data 130
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Leader in coming week´s Innovation Special Report published in the Swedish Business magazine Dagens Industri

Innovation 360

This third globalization wave is powered by three distinct factors on the market; the low interest rate ever, the ever increasing pace of digitalization and the likewise increasing pace of automation in general. I argue that it is difficult but indeed possible to create innovative Blue Oceans on all markets today.

Report 40