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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

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. Sustaining innovations are incremental improvements to existing products or services that cater to the needs of established customers.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. Legacy systems plague the ability to break out of our present traps of silo’s and we are still struggling to solve these issues, machine by machine, a process by process, incompatible software and hardware, piece by piece.

Industry 213
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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. This requires companies to proactively or reactively innovate their business models in order to remain competitive.

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DON’T LISTEN TO YOUR CUSTOMERS!

Innovation 360 Group

They thought customers were buying film, chemicals, inkjet cartridges, workflow software, and so on. Kodak’s competition was not just other camera and printer companies, but entirely new innovations like social media. The real lesson is that Kodak lost their way because they lost sight of what people were buying.

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Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

Innovation can happen quickly, (known as radical innovation), or it can take place over time, (incremental innovation). Innovation requires creative thinking, imagination, and risk-taking. The three main types of innovation are product innovation, process innovation, and business model innovation.

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Co-creating volume 3

Innovation 360 Group

Innovators following the Need Seeker strategy will be most interested in narrowing the spotlight on customers, partners, and clients to offer superior value to the market. In contrast, strategies based on Technology Drivers investigate problems, many of them unarticulated, and explore how the latest developments are reshaping various sectors.

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Co-creating volume 3

Innovation 360

Innovators following the Need Seeker strategy will be most interested in narrowing the spotlight on customers, partners, and clients to offer superior value to the market. In contrast, strategies based on Technology Drivers investigate problems, many of them unarticulated, and explore how the latest developments are reshaping various sectors.