article thumbnail

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. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation.

article thumbnail

How Technology is Empowering the Modern Property Manager

Business and Tech

Elizabeth Francisco, president of ResMan, offers expansive insights from being a woman in business to the rapid advancement of property management technology. Bias showed itself as I came up through the multifamily industry and then in technology with investors, peers, competitors, and prospective customers. What a great question.

Insiders

Sign Up for our Newsletter

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

article thumbnail

12 Types of Innovation You Should Know in 2021

IdeaScale

This helps to further their goals while also providing the opportunity to license or use joint ventures to share their under-utilized technology or processes. It can also refer to innovations that have a social purpose, such as distance learning and online volunteering. Closed Innovation. Social Innovation. Product Innovation.

article thumbnail

Innovation adoption in the technology lifecycle for Energy Translation

Paul Hobcraft

Technological innovation has a central role to play in the Energy Transition currently being undertaken throughout the world. The economics of powering the energy system with renewables has got to the point where there is real competitiveness. Building the systems enabling framework. Source: World Economic Forum.

article thumbnail

Gaining a Different Perspective on Innovation through Platforms, Blocks, and Stack Designs

Paul Hobcraft

(Larry Schmitt- The Innovation Stack) A comprehensive innovation ecosystem design offers several benefits, including fostering a culture of innovation, accelerating the innovation process, enhancing collaboration, leveraging diverse perspectives, and driving competitive advantage.

article thumbnail

Identifying Key Component Relationships of Innovation Stacks and Building Blocks.

Paul Hobcraft

Additionally, with the upgrade in technology and platform approach, we can support the rapidly emerging human-AI collaboration needed for each component and step validation. Through growing connectivity, cloud adoption and multiple data resources firms need to leverage resources and technology designs in different ways than in the past.

article thumbnail

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