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.

Innovation: The New Competitive Equation

BPI Thought Leadership Media Coverage

This month, the& Busines Performance Innovation (BPI)& Network& published a report,Innovation: The New Competitive Equation. The report examines innovation strategies and roadblocks in today's enterprise. According to the report, 79% of survey respondents currently rate their companies' commitment to innovation as very high or growing.

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Global Hackathon Report

hackerearth

From our analysis of nearly 1000 hackathons conducted across 75 countries in the world during a two-year period from 2015 onward, we bring you this Global Hackathon Report. In this report, we discuss the hackathon format and culture and its exciting possibilities to help people to adapt to the future. From ideation to execution, we see hackathons are upending traditional business models and rewiring the competitive landscape.

Times of change: 5 business trends to stay competitive

mjvinnovation

The following five business trends will help you stay competitive. In companies that are not focused on their mission, only 32% of employees reported feeling involved and connected with the work they were doing. The current situation calls for professionals and companies to be open to the “new”, to the possibilities of change that, if conducted strategically, can keep you competitive. Therefore, business owners and managers must be aware of emerging business trends.

Achieve Manufacturing Digital Transformation

Survival of the fittest is linked not to size or strength, but to the ability to change, adapt, and seize opportunities. Factories are increasingly being relied upon to handle more complex operations to serve a broader range of products. To perform this effectively, smart manufacturing is key.

What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

When they are constantly scanning reports on the “state of innovation” it can often lull them, to give some that warm glow, others quickly being dismissive, disregarding many of the key messages as “not applicable to me”. Two reports recently came out. The two reports, one from CB Insights, who I believe do a consistently brilliant job at “tear downs” and evaluations of industries, markets or topics. My second report is the one from CB Insights.

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Competitive Strategy – 7 Ways to Avoid “Never and Always”

BrainZooming

They reported the team’s defensive coordinator, Bob Sutton, told them that when planning competitive strategy , “I want to stay out of ‘never’ and ‘always.’”. What fantastic competitive strategy advice to incorporate this time of year as you implement new strategies. While most brands want a consistent, always the same brand experience for customers, you don’t want to fall into familiar patterns with competitive strategy.

Report: Technology Transformation Drives Businesses Forward

BPI Thought Leadership Media Coverage

Global business leaders expect their IT organizations to realize measurable business and competitive advantages from technology transformation, according to a study from the Business Performance Innovation (BPI) Network, an international executive change advocacy group

Increasing innovation focus on the end-user segments within the energy transition story

Paul Hobcraft

The share of Renewable power is expected to rise to 85% by 2050 (source: Irena 2018 “Global energy transformation report”). Innovative solutions here will require far more government intervention and incentive shifts and significant research and development to find solutions that are both competitive and compelling enough to make the change. Source of visual used: [link].

Innovation adoption in the technology lifecycle for Energy Translation

Paul Hobcraft

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. Technological innovation has a central role to play in the Energy Transition currently being undertaken throughout the world. The shifts need to take the different parts of the energy system through a lifecycle approach to any future energy system.

Spigit Recognized as a Leader in Innovation Management in New Report

Planview Spigit

Innovation management software is quickly becoming a go-to solution for companies in all industries who want to transform their businesses and stay competitive for years to come. In their 2016 report The Forrester Wave™: Innovation Management Solutions, Q2 2016 , they discovered that 69% of surveyed companies are currently using innovation management solutions. In the report, Forrester states, “Spigit is a strong advocate for making innovation an integral part of doing business.

Measuring Innovation Performance

competitive advantage or be a USP, is what drives every organization. Source: 2017 Report: The Corporate Innovation Imperative (Crowd Companies) 66.0 % Greater. Measuring innovation performance Our innovation campaigns prove that there is a way to. measure innovation performance.

The Hard-to-Abate sectors need innovation solutions to reach Net-Zero Co2 Emissions

Paul Hobcraft

The other is Net-zero carbon emissions The IPCC demonstrates in its most recent report of 2018 that net emissions must be reduced to zero to stabilize global temperatures. The report also states that any scenario that does not involve a reduction to zero will not stop climate change. With today’s technology, we can already increase the share of cost-competitive non-fossils from 20% of the primary energy supply to 30%. Source: [link].

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Qmarkets Ranks #1 as Idea Management Momentum Leader in G2 Spring 2020 Report

Qmarkets

Qmarkets has been lauded as both a Momentum Leader and Grid® Leader in a new idea management software report by G2 – the world’s largest tech marketplace. G2 has recently released its Spring 2020 Report for Idea Management. Utilizing advanced algorithms, the report aggregates data from user reviews, social networks, and other online sources – making it an ideal resource for enterprise customers looking to find the best idea management tool for their unique needs.

Recognizing it is all about Value Creation

Paul Hobcraft

It is the Knowledge and Innovation combined that make the firm competitive. Many of these can be reported upon and that would enhance the understanding and attract investment. By thoughtfully measuring and reporting upon these builds that external confidence that the business is focusing on the sustaining values relevant to its goals and growth objectives.

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Focusing on Innovation for our Energy Transition we are all undertaking

Paul Hobcraft

Energy is a vital part of any country’s ability to be competitive. When you are undertaking such a transformation in any system like energy, innovation becomes vital to inject new forces of dynamism and creative thinking to tackling such a change. The energy transition that the world is undertaking is one of the most critical areas where innovation needs to be at its very best, that top of the game to make the level of change necessary.

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New Report Takes a Snapshot of the Innovation Race

BPI Thought Leadership Media Coverage

In an age where start-up innovation is disrupting industries across the globe, legacy corporations must reinvent their business strategy in order to remain competitive. That means there is no longer any stone left unturned in generating the best possible products and services out there. Top companies are stripping away the barriers to harness the best ideas from customers, partners, R&D tea

The Digitization of Energy

Paul Hobcraft

Applying more digital applications enables these industries to optimize and stay competitive with the alternatives in renewables. We are on the cusp of a new digital era in energy. Digital technology has been involved in the energy system for decades. What is new, is the pace of digitalization occurring through technological innovation, providing solutions that enable the energy system to be transformed?

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2019 Annual Report: A Look Back and What’s Ahead

AureaWorks

Namely, to encourage a usage rate that is higher than what would be economically feasible under the old model – creating the basis for differentiated competitive advantage for our customers. Digital Transformation as Competitive Advantage We live in a world where continued innovation is the only durable source of competitive advantage. Without constant innovation, the shelf-life of competitive advantage is a decade or less.

Confusion or Diffusion in Energy Transition?

Paul Hobcraft

Innovation drives competition; it delivers the changed environment where those investing “steal a march” and take winning positions that alter the dynamics of industries, of energy solutions themselves. Innovation offers the potential for new competitive positioning, and give economic advantages when it is the core in any integrated business cases, one that will make a more significant difference that offers both commercial and societal benefits.

Building the Single Innovation Digital Platform Environment

Paul Hobcraft

It is in recent years that the whole need to emphasize collaboration and constant ongoing exchanges become essential to speed up the response to customer needs and competitive advantage and this constant “dynamic”, ever-changing needs software and how you manage your innovation environment differently. Aras PLM Platform Image courtesy of Aras. Throughout the past couple of years, I have been constantly arguing about the need to put innovation management on a digital platform.

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Winners announced for the Civic Engagement Innovation Competition

Betterific

Quick shoutout to the winners of the ideation competition: Luc Michaud (grand prize winner), Metro Power Yoga , Marla Goodman and Dennis Pitcock. An app that allowed you to report a problem (such as a tree uprooting the concrete on an easement) and the app would automatically notify the appropriate agencies. Our “ Hacking Civic Engagement ” Challenge was a first for us in many respects. It was the first time we’ve done a civic (non product) challenge.

Please forget best practice, it is all about next practice

Paul Hobcraft

Here lie a true competitive component and so many organizations seek to apply someone else’s practice, so they can end up as “same” practice. Just take a look at the recent report I compiled on digital transformation. This is a meta report I have written and was released this last week, on the recent developments in digital transformation. The intention of this report is to provide data for orientation for people dealing with this difficult topic.

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Spigit Recognized as a Leader in Innovation Management in New Report

Planview Spigit

Innovation management software is quickly becoming a go-to solution for companies in all industries who want to transform their businesses and stay competitive for years to come. In their 2016 report The Forrester Wave™: Innovation Management Solutions, Q2 2016 , they discovered that 69% of surveyed companies are currently using innovation management solutions. In the report, Forrester states, “Spigit is a strong advocate for making innovation an integral part of doing business.

When Substitutes, Not Direct Rivals, Pose the Most Serious Competitive Threat

Michael Roberto

As the Wall Street Journal reports today, Cereal makers, under increasing competitive pressure, are struggling to improve sales of puffed rice, wheat flakes and oat clusters that were once a standard part of Americans’ morning routines. There’s a lot more competition for breakfast than there ever has been,” General Mills Inc. In many cases, the most serious competitive threat for a company does not come from its direct rivals. competition strategy substitutes

Are Corporate Innovation Centers The Last Hope for Companies Too Big To Fail?

InnovationManagement

Enabling Factors Reports AI asia big data cloud competition cyber-security digital era digital innovation digital platform disruptive innovation ecosystem europe fintech global market innovation center innovation hub innovation strategy IoT MNC silicon valley startup talent management technologyCompanies once deemed “too big to fail” are increasingly exposed to failure. The threat of disruption is everywhere. Startups are taking on the Goliaths in every market.

Digital or Dead – An Expert Study

InnovationManagement

Reports Strategies budget competition digital innovation digital platform digitizing disruptive innovation disruptive technology emerging technologies IoT IT research technologyNearly all executives have acknowledged the relevance of digitization and related trends, such as the Internet of Things, connectivity, and industry 4.0. However, the full impact of digitization has usually not been understood in detail.

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Leader in coming week´s Innovation Special Report published in the Swedish Business magazine Dagens Industri

Innovation 360 Group

The increased competition means that it will become even harder to be unique on the market which in its turn will lead to consolidation to larger bodies in many markets. On the Blue Ocean you create a whole new business logic, that leaves the competition behind as they can not easily copy your Value Propositions right off. What´s happening now will have a greater impact on us than the innovation of the railway!

Leader in coming week´s Innovation Special Report published in the Swedish Business magazine Dagens Industri

Innovation 360

The increased competition means that it will become even harder to be unique on the market which in its turn will lead to consolidation to larger bodies in many markets. On the Blue Ocean you create a whole new business logic, that leaves the competition behind as they can not easily copy your Value Propositions right off. The post Leader in coming week´s Innovation Special Report published in the Swedish Business magazine Dagens Industri appeared first on Home of Innovation.

PBTO22: Growing Your Business By Building an Army of Zombie Loyalists – @PeterShankman

Rmukesh Gupta

In my opinion, his thoughts about customer service and how businesses can use customer service to not only differentiate themselves from their competition but also to use it as a competitive advantage is as sound as it can get. Customer service has the potential to become a competitive advantage for a business. Customer service has the potential to become a competitive advantage for a business. In today’s episode, we host Peter Shankman.

FORRESTER: Financial Services Innovation Requires Digital Tech, Matchmaking, and Discipline

Planview Spigit

Forrester Research has published a number of recent reports covering the future of financial services innovation, the technology platforms shaking up the industry, and the most effective strategies for riding the banking innovation wave. Disruption and innovation often go hand-in-hand, but staying competitive means being ready for it. ” Get the full report>> How To Organize For Digital Financial Services Innovation. Banking is an old business.

What does it mean to be a ‘responsible business’?

The Future Shapers

Companies at this stage aren’t measuring or reporting on social or environmental (non-financial) impact. Competitive Advantage Innovation LeadershipWhat does ‘responsible business’ or ‘purposeful business’ mean to you?

Culture: Innovation’s Biggest Challenge

IdeaScale

Many companies that aren’t considering innovation on a regular basis, lose their competitive edge. To read more findings from our 2017 Crowdsourced Innovation Report, download it here. Best Practice IdeaScale competitive advantage culture implementation intrapreneur predictable repeatableWe asked our customers what their number one priority was for the coming year and the leading priority was: culture. We were a bit surprised by this answer.

Why the ‘streaming wars’ aren’t anything of the sort…

The Future Shapers

Much of the general media and trade news coverage has lumped discussion of this rising competition under the banner of ‘streaming wars’. Well the answer was yes I did want the TV (after a reported $6bn spend on original content). Increased competition is not driven by innovation.

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How Business Intelligence Software can Help you Increase Operational Efficiency

InnovationManagement

From inventory management, to accounting, to customer intelligence and beyond, there are many ways you can use BI software to inform your decision-making, increase operational efficiency, and gain a competitive edge. Business Intelligence software is an essential tool for analyzing your company's strengths and weaknesses.

You Can’t Fix Morale

CorporateIntel

The VPs report back to their teams that the CEO agrees, there are not enough resources in the company to go around, the timelines for deliverable are insane, and the competition has an edge on the industry that is daunting. That team then strips away all the derivative efforts that are draining resources from the company’s true mission and recommits to a narrowed product strategy that capitalizes on the company’s identified competitive advantage.

Do You Know Your Company’s Implementation Rate?

InnovationManagement

A good ideation rate generally predicts other positive company health indicators: profitability, higher employee retention rates, reported customer success, but there’s another innovation health indicator that we think organizations should pay attention to: their implementation rate. With the rise of the innovation department, numerous organizations are focusing their attention on their company’s ideation rate.

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. The report uses examples of solar PV.

How does innovation management help in digital transformation?

HYPE Innovation

Whether the threat comes from new digital natives entering the market, traditional competitors upping their digital quotient, or other markets using a digital channel to launch a competitive offering. In a new report by HYPE and MWD Advisors, we looked at the role that innovation management programs can play in helping companies to make this transformation. The power of digital disruption is so immense that it now sits on the top priority list for almost every executive.

How Apple created two giants

Matthew Griffin

Company Executives are increasingly compelled to report profit in percentage terms so naturally they promote and reward the behaviours that increase margins. Many bystanders are more likely to view these two giants emergence onto the global stage as business evolution rather revolution and while Samsung declared their competitive intentions in 2008 Foxconn has only recently reached the starting line of its long journey. __. Click & Connect with Matthew: LinkedIn .

Solar power prices have dropped by over 89% in the last 10 years

Idea to Value

But a recent report shows just how astronomical the drop in cost has been. A new report by Our World in Data shows that over the past ten years, the cost of commercial solar power has dropped by more than 89%.

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Why Fintech Needs the Right Regulation to Help Drive Innovation

Business and Tech

Tom Quaadman Executive Vice President, Center for Capital Markets Competitiveness , U.S. The Federal Reserve Bank of New York recently issued a report showing that although a small share of the total, fintech lenders likely served borrowers who would not have received these loans otherwise.

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More research argues companies are lagging behind in Industrial IoT readiness

BPI Thought Leadership Media Coverage

Many organizations are still flat-footed when it comes to the Industrial Internet of Things (IIoT) – despite their executives realizing the future of their business depends on it, according to findings from a new report by the Business Performance Innovation Network, titled ‘The Impact of Connectedness on Competitiveness