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What Role Does Competition Play in Innovation?

IdeaScale

Competition is innate in what humans do. 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? That begs the question, exactly what role does competition have in innovation? Balance is needed.

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Pace of Innovation – The Ultimate Competitive Advantage

Idea to Value

When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. You need the ability to adapt to change, and innovate, faster. Why does pace of innovation matter?

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Innovation project or Innovation Capability?

Jeffrey Phillips

No, today I want to talk about the differences and problems when companies focus on innovation as a discrete project, versus what they really need, innovation as a competency or capability. Plus, innovation as a project demonstrates some investment in innovation but controls for cost and risk.

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Five Barriers to the Innovation Process and How to Overcome Them

IdeaScale

It would seem that the innovation process is simple: Get an idea, refine that idea, implement it, and repeat the process. Here are five common problems with the innovation process and how to resolve them. A well-implemented strategy is key to any innovation process, but that doesn’t mean finding one is easy.

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Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

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Innovation on Steroids: Next Generation AI-Powered Phases and Gates

Leapfrogging

From its inception to the current state, the processes governing the development of new products and services have continuously evolved to incorporate new methodologies and technologies. Traditional Phases and Gates Processes Traditionally, the phases and gates model has been a cornerstone in structuring innovation management.

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The implementation of the Composable Innovation Enterprise Framework?

Paul Hobcraft

We cannot afford to avoid changing our innovation processes as we deal with a far more complex and challenging world. We seem to be keeping innovation as a disappointing and often frustrating outcome for many leaders of organizations. Indeed our existing innovation processes are doing an (adequate) job. Why change?