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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.

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How Competitive Benchmarking Misses the Mark – And What Anticipatory Leaders do Instead

Daniel Burrus

Third-party perspective and comparing one’s self to others is how we as human beings maintain a frame of reference regarding a goal we are working toward. Why does this happen, and how can you as a leader resist the urge to benchmark against the competition?

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Landscape Monitor for Startups

InnovationManagement

Entrepreneurs deal with high levels of uncertainty; probably more than any other business. The more disruptive the startup, the higher the level of uncertainty. Will the customers buy? How do we reach them? Will we be able to sell at a profit? Will our partners do their part?

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Complacency won’t Just Hold you Back, It’ll Accelerate the Competition.

Daniel Burrus

One of the core ideas of my Anticipatory Organization Model is a principle I refer to as Futureview. The post Complacency won’t Just Hold you Back, It’ll Accelerate the Competition. Big Ideas Leadership Strategy Transformation anticipation Anticipatory Organization Burrus Competitive Advantage Complacency Dan Burrus Daniel Burrus Future Future TrendsAnticipatory Organizations are always looking forward.

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East meets West in understanding Innovation Cultural Orientation

Paul Hobcraft

Still, these suggested observations serve as useful generalizations and as a broad reference to refer to, that might help resolve ‘cultural differences. East and West- the different meeting points in understanding.

Meeting 292
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My own transformative dynamics of disruption

Paul Hobcraft

Then the whole 4th Industrial Revolution shifting the industry from islands of expertise into networks of collaborations was my next point of focus, connecting industrial IoT by offering a reference and engagement platform. The Gordian Knot We Are All Facing.

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Agencies Should be as Competitive as Consultancies in Non-Marketing Engagements

Brunner

Those with strong data science capabilities should not only be able to retain current business, but be a competitive resource on projects traditionally in the domain of the consultancies. Data scientists can build sophisticated models (commonly referred to as “marketing mix optimization”) to detect and quantify often complex relationships between marketing and their desired effects. macroeconomic conditions, weather, competition), operations (e.g.,

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My multipliers for innovation at the Front End of Energy

Paul Hobcraft

My dedicted posting and website references, if you are interested, are shown in the about section.

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East meets West in understanding Innovation Cultural Orientation

Paul Hobcraft

Still, these suggested observations serve as useful generalizations and as a broad reference to refer to, that might help resolve ‘cultural differences. East and West- the different meeting points in understanding.

Meeting 130
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My multipliers for innovation at the Front End of Energy

Paul Hobcraft

My dedicted posting and website references, if you are interested, are shown in the about section.

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My own transformative dynamics of disruption

Paul Hobcraft

This applies the theory of holistic perspective, which helps us understand what is going on and what we really mean or refer to when we interact and communicate with each other. The Gordian Knot We Are All Facing. I can honestly say I have been back at school for the past months.

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Hindsight from 2020: Strategies for the New Normal

Daniel Burrus

These days, you can find a slurry of memes and motivational graphics on social media alluding to the concept that you must always beat out your competition in business. Seek Advantage Instead of Competition. Don’t copy what the competition does; do what they aren’t.

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12 Types of Innovation You Should Know in 2021

IdeaScale

Social innovation refers to both the new strategies, concepts and ideas innovated to meet the social needs of society (including, but not limited to, working conditions, education, health, and community development) as well as the social processes of innovation, including open innovation techniques.

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The Most Significant Benefits of Lean Manufacturing

Kainexus

No matter what industry your organization is in, competition these days is tough. The Lean manufacturing approach is proven to achieve operational excellence and beat the competition. Regardless of your customers, every organization needs to improve and evolve constantly.

LEAN 77
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Is a Disruptive Business Model Beyond Your Brand?

BrainZooming

Two years ago, the company’s CEO, Jamie Dimon, identified Amazon Prime as reference point for launching a platform offering free services. They approach the market with completely new competitive dynamics. More Posts - Website Follow Me: Brainzooming - All Posts Branding Competitive Strategy Innovation Strategic Thinking Strategy disruptive innovationMorgan Chase has announced a new online brokerage platform called, You Invest.

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4 Ways Agility Protects the Status Quo (And 5 Reasons Anticipation is Better)

Daniel Burrus

So, given the stage of exponential change we are currently in, one that I have referred to as a profound tipping point in human history, does the reactive nature of agility provide enough value for organizations and individuals, or should we give it a decent burial? Creating a competitive advantage over slower rivals. By adopting an anticipatory mindset and culture, change and disruption become your biggest competitive advantage.

Agile 73
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On the Pressing Need to Implement Telehealth Solutions Into Your Patient-Care Model

Business and Tech

Additionally, shortages in qualified healthcare workers, and what Wheat refers to as “inflationary cost-burdens,” are affecting many rural and inner-city locations. And there is indeed more competition between healthcare providers these days, given the extensive range of players.

Groups 130
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The Triple Bottom Line Framework

Viima

Businesses cannot thrive and survive in a competitive environment with only one bottom line – profit. Planet, People, and Profit are often referred to as the three pillars of sustainability. Money, money, money. It wasn’t so long ago that it was always sunny in the rich man’s world.

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The Power of Pre Mortems

Daniel Burrus

Those are valuable issues, but consider: What competitive advantage could you secure if you had a system by which you could identify common post mortem problems before they had a chance to occur? Looked at another way, Pre Mortems are an example of my Anticipatory Organization Model ’s use of opposites—more specifically, what I refer to as The Law of Opposites.

System 43
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What Is Business Intelligence?

Collective Innovation

This can include information about the company internally, customer information, market information, sales velocity, competitive information and numerous other metrics. These are commonly referred to as NCC (not current customers) but they could be. Knowing the market involves putting all the data together of your own sales, your customers, your competition and those people who aren’t currently your customers.

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Five Unicorn Scaleup Strategies

Leapfrogging

We call rapidly growing startups that have found what is commonly referred to as “product/market fit” and a viable business model a ScaleUp, because they now find themselves facing an inflection point that signals an even more daunting stage of maturity.

Strategy 130
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Do You Care?

CorporateIntel

Another contractor who was referred by a good friend actually came to the house, walked through the prospective project with us, took a copy of our site plans, and said she would get back to us with a proposal. Coincidentally, we were subsequently asked for a reference on this contractor by another friend. When I get an email offer letter from Yosemite , they refer to my last visit and craft a well-priced offer that speaks to me as a person.

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Building out our innovation ecosystem in design and thinking

Paul Hobcraft

Organizations today are no different from the past; they seek fresh growth and establish new competitive positions. Combining data and human knowledge reveals this collaborative potential and a new set of competitive opportunities.

Design 185
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Creating the conditions for disruptive innovation

Jeffrey Phillips

New perspectives needed In fact, the more your environment is changing, the more competitors you have, the more intense the competition within your industry is, the more you need new perspectives.

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Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

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Fascinating idea: Would we buy carbon-neutral products if they were 2% more expensive?

Idea to Value

Since steel is such a commodity, other manufacturers who keep using the older, more polluting processes would therefore stay cheaper, and the more expensive steel would not be competitive on price. This is what Bill Gates referred to as the green premium.

Video 138
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Confronting Your Darwin Effect through Innovation

Paul Hobcraft

It is about creating a competitive advantage in an increasingly commoditizing world. How the market landscape of competition is changing and understand where your competitive advantage has come from in the past and where it is likely to come from in the future.

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A Quick Guide to the Kaizen Methodology

Kainexus

If you are exploring ways to make your organization more efficient and better at sustaining continuous improvement, you may have come across references to the Kaizen Methodology. Masaaki Imai introduced the Kaizen Methodology to the world in 1986 in his book Kaizen, The Key to Japan’s Competitive Success. We recommend giving it a read along with several other titles that we’ll share at the end of this post.

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Planned Obsolescence: How companies are deliberately making their products worse

Idea to Value

Now normally we would expect that in an open market, innovation and competition between companies would work to continuously improve the quality of their products , resulting in a better selection for consumers.

Company 258
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The 10,000 hour rule is wrong, according to its original authors

Idea to Value

Gladwell could just as easily have mentioned the average amount of time the best violin students had practiced by the time they were eighteen (approximately seventy-four hundred hours) but he chose to refer to the total practice time they had accumulated by the time they were twenty, because it was a nice round number. Professor Hayes began to refer to this period, which was filled with hard work and little recognition, as the “ten years of silence.”.

Training 190
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The Key To Keeping Your Best Employees? Better Benefits.

Business and Tech

Offering competitive wages, a strong benefits package that includes dental and vision, and an emphasis on work-life balance are key things potential and existing employees are seeking now.”. More than 47 million Americans quit their jobs last year.

Policies 130
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Software that Writes Itself? Low Code / No Code Applications have Arrived

Daniel Burrus

Low code and no code application development refers to the use of visual tools to create software applications without the need for traditional programming languages to write code long-hand. As a result, you either maintain or achieve a competitive advantage in the industry.

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The best ways to have good ideas? Have lots of bad ideas!

Idea to Value

From then, this was referred to as the Equal-Odds rule , which showed that the reason these Geniuses were more successful than others, and had more high quality creative work that people remember, is because they produced more work overall.

Ideation 195
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5 Innovation Lessons from the Backstory of OpenTable.com

Leapfrogging

We want to be the OpenTable of X” (with X referring to a market outside of dining) became a familiar phrase in Silicon Valley following the company’s market success, and remains so today. That’s what creates competitive advantage.

LEAN 130
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Building an Agile & Innovative Organization

Idea to Value

We refer to these as the key principles of innovative organizations. And, if you don’t have customers, the reason really isn’t your competition, it’s you not providing them with enough value. Netflix refers to this as the organization being loosely coupled.

Agile 295
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From a VUCA world to a BANI one: how uncertainty has changed and how your company can prepare

mjvinnovation

V = Volatility – this refers to the speed of change in an industry, market, or the world in general. In a world of constant change, it helps to describe the current state of things.

Company 105
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11 female innovation leaders share their definition of innovation

Idea to Value

Innovation must be rooted in improving competitive advantage, customer needs, employee expectations and now, sustainability. They mistakenly think the term innovation refers to only big, multi-year, heavy investment, ‘revolutionary’ changes.

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Why Every Large Organization Should Decentralize Innovation

Idea to Value

There’s a lot of talk about “the end of sustainable competitive advantage” , and for good reason. In this kind of an environment, the only sustainable competitive advantage is the pace of innovation. This is what’s referred to as level five leadership.

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How the Stage Gate Process Can Help You Transform Your Business

Leapfrogging

In a world in which having a rigorous approach to innovation is becoming more and more necessary to drive competitive differentiation within the marketplace, businesses can no longer rely on ad hoc and spontaneous efforts to drive innovative thinking as they look for the next disruptive idea. The Stage Gate Process refers to a technique for driving innovation management.

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Accelerating Clean Energy Innovation

Paul Hobcraft

” A groundbreaking report, “ Net-Zero by 2050: a roadmap for the global energy system “(referred to as NZE here) by the Internation Energy Agency (IEA), has been emphasising that this decade is pivotal to reaching net-zero by mid-century.

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Forget Best Practice, Think Always Of Learning Next Practice

Paul Hobcraft

Here does lie a true competitive component and so many organizations seek to apply someone else’s practice so they can end up as “same” practice. The author offers a view on how digital forces are reshaping five key domains of strategy—customers, competition, data, innovation, and value.

Learning 144
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How Technology is Empowering the Modern Property Manager

Business and Tech

There is a big difference in my mind when someone refers to an asset as their apartment community or a complex, just as there is a big difference between someone who serves residents of the community versus someone who manages tenants.

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The Roles of Risk and Luck in Innovation

Idea to Value

For example, in academia, risk typically only refers to situations where the probabilities of the outcome are known in advance, such as most gambling situations, but not to situations where the probability distribution is unknown, such as business and innovation.