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Lateral Thinking in Business Strategy

Destination Innovation

How can you differenitate your business from the competition? Tesla’s Over-the-Air Software Updates : Tesla’s innovation was to remotely update and enhance the features of their electric vehicles through online software updates. Nintendo Wii’s Motion Controls : What radical feature can we add?

Strategy 169
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The Art of Leapfrogging across the Energy Transition.

Innovating4Energy

Economic Advantages: By embracing innovative and advanced technologies, your organization can position itself as a leader in the sectors you compete in, search for broader global energy market reach, and build upon the growth and competitiveness aspects these innovative solutions can offer.

Policies 122
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BIG Ideas: How ICL Built a Billion Dollar Innovation Accelerator

Qmarkets

This led to the company’s policy of ‘innovation accounting’, involving clear performance measurements to be communicated with the entire business. ICL’s employees around the world can submit their ideas on ICL’s ideation platform PITCH BIG, powered by Qmarkets’ Q-ideate software.

Ideation 105
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Boosting Innovation: Harnessing AI for New Product & Service Development

Leapfrogging

It helps in identifying opportunities that might not be apparent through traditional analysis and provides a competitive edge by speeding up the development cycle. Traditional Stages and Gates Framework The traditional stages and gates process is a project management approach used to drive new products and services from concept to launch.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Razors have undergone incremental innovations over time Source: The Hustle Incremental innovations may not make headlines, but they’re the steady pulses that keep businesses competitive and responsive to market demands. This strategic alignment ensures that innovation efforts contribute to long-term success and competitiveness.

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Open innovation & crowdsourcing resources

Board of Innovation

HR & freelancers platforms TopCoder – competition-based software crowdsourcing Spudaroo – crowdsourcing copywriting Clickworker – small online task solving Amazon Mechanical Turk – low-cost crowdsourcing 05.

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AI Has Taken the Boardroom by Storm. Here’s What You Must Know.

Planview

How will you leverage generative AI as a competitive advantage? Those who fail to implement digital operating models will face huge competitive challenges. Digital Operating Models Defeat the Competition Long before the emergence of AI, digitization was making waves across the business spectrum. Consider ANT Financial.