article thumbnail

What Role Does Competition Play in Innovation?

IdeaScale

Competition is innate in what humans do. Everybody wants to be the best at something, whether it’s their hobby, their job, or their industry. However, left unchecked, competition can become a toxic fight to win, rather than succeed. That begs the question, exactly what role does competition have in innovation?

article thumbnail

A purposeful approach to industry policy

IdeaSpies

What is clearly missing in Australia, by contrast with most other advanced economies, is a coherent and purposeful approach to industry policy. This would identify our current and potential areas of competitive advantage and enable a coordinated approach to the industries and technologies of the future.

Policies 106
Insiders

Sign Up for our Newsletter

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

article thumbnail

Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

Discontinuous innovation represents a seismic shift in how industries function and evolve. In this article, we delve into the essence of discontinuous innovation, its impact on the competitive landscape, and how businesses can harness its transformative potential.

article thumbnail

Industry 4.0

eZassi

Improving Industry 4.0 With Innovation Management In today’s rapidly evolving business landscape, staying ahead of the competition requires embracing Industry 4.0 What is Industry 4.0 Industry 4.0 Industry 4.0 Industry 4.0 Industry 4.0 Additive Manufacturing: New methods for Industry 4.0

article thumbnail

New Study: 2018 State of Embedded Analytics Report

Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.

article thumbnail

The building blocks of open innovation lead towards Business Ecosystems.

Paul Hobcraft

Strategic Collaboration with External Entities: Description: Establish strategic collaborations with external entities, including startups, research institutions, and industry experts, to leverage diverse knowledge and expertise. By leveraging external resources, companies can reduce time-to-market for innovative products and services.

article thumbnail

Collaboration is the new competitive advantage

IdeaSpies

In 1985, a relatively unknown professor at Harvard Business School named Michael Porter published a book called Competitive Advantage , which explained that by optimizing every facet of the value chain , a firm could consistently outperform its competitors. The book was an immediate success and made Porter a management superstar.