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. According to the report, 79% of survey respondents currently rate their companies' commitment to innovation as very high or growing. The report examines innovation strategies and roadblocks in today's enterprise.

Times of change: 5 business trends to stay competitive

mjvinnovation

The following five business trends will help you stay competitive. In a global survey conducted by Gallup, 54% of respondents said they would leave their current job for one with flexible hours, and 37% said they would leave for one that offered the chance to work remotely at least part-time. According to the survey, 90% of people who work in purpose-driven organizations feel engaged in their work.

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IT workers lack faith about digital transformation: survey

BPI Thought Leadership Media Coverage

New study finds most IT professionals give their companies failing or near failing grades on their ability to implement transformational technologies and drive IT innovation to gain competitive advantage. Enterprise Infrastructure Information Architecture collaboration digital transformation IT skills shortage IT talent IT transformation planning

10 Do’s & Don’ts for Open Innovation Competitions

100%Open

We were asked recently by a new client what our top 10 Do’s and Don’ts are for running open innovation competitions, based on our experience including the UBS Future of Finance Challenge , Unilever Foundry Ideas Challenge , Colombia CO4 Open Innovation Competition , and Ordnance Survey GeoVation Challenge. So we have learned that it’s best to incentivise and reward collaboration (not competition) between all participants.

The Business Opportunity of Embedded Analytics: New Findings from 500+ Application Teams

Speaker: Josh Martin, Director of Product Marketing, Logi Analytics

But most companies don’t realize that the features they embed and how they develop have a lasting impact on revenue, customer churn, and competitive differentiation. Join Logi Analytics as they explore new survey findings and trends.

Survey: Business Leaders see Transformative Technology as Trigger for Growth

BPI Thought Leadership Media Coverage

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

How to be More Agile as Competitive Advantages Fade

New Markets Advisors

For years, Columbia Business School professor Rita McGrath has been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. The world is evolving too quickly for competitive advantages to last for a meaningful amount of time. While the value of leveraging your organization’s competitive advantages isn’t gone, it is diminishing. The breadth of its user base is certainly a competitive advantage.

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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. Here’s a survey involving 2,600 companies that shows where they have found Business Intelligence most helpful: Collection. One way to gauge this is to use a Net Promoter Score survey. Surveys are a mainstay for knowing your customer and should involve both qualitative and quantitative measurement.

What the digital transformation trend means for technology resellers

The Future Shapers

While this may come across as a surprise to some of you readers, a recent Russell Reynolds survey found that only four percent of all global 500 companies have a board that is truly digitally-ready. Therefore, other than the above examples, we thought that it would perhaps be a bit more appropriate to end-off this section with the outcome of a recent survey carried by IoT For All. Competitive Advantage Innovation Culture Strategic Thinking

You Can’t Fix Morale

CorporateIntel

Let’s look at some options for addressing this: The company hires a consultant to run a survey on employee satisfaction and weeks after you fill out your survey they find out what everyone knew before the survey: Morale stinks like a decaying carcass. Here’s a phone call I sometimes receive, usually from someone senior in executive management or the investment team behind a once promising company: Inquirer: Hey, we need your help with something.

The 2017 Innovation Management Awards Are Open

IdeaScale

They simply have to answer some survey questions and tell their story by November 10 th. IdeaScale Competition Department of Energy IdeaBuzz innovation management awards marriott UshahidiFor the fifth year in a row, IdeaScale is hosting the Innovation Management Awards. This annual contest is open to all IdeaScale customers who have a story to share.

Measuring Innovation Performance

competitive advantage or be a USP, is what drives every organization. Surveys, feedback systems, people analytics software, and other solutions help track how involved. Measuring innovation performance Our innovation campaigns prove that there is a way to. measure innovation performance. INTRODUCTION Constantly ?nding nding new and better ways to serve customers well, which can confer a. Innovation-active ?rms rms have higher sales pro?tability tability and productivity, increased.

Transform Your Customer Relationships

Daniel Burrus

Thereafter, contact was a good deal more incidental—maybe a bit of anecdotal feedback or a response to a satisfaction survey, but that was usually it. Daniel Burrus has been trusted by leaders from Fortune 500 Companies, the Pentagon and Heads of State to deliver a message that accurately predicts future trends and identifies game chaning opportunities before the competition. These days, “talking about our relationship” means more than it used to.

Top 10 Posts from the 100%Open Blog.

100%Open

10 Do’s and Don’ts for Open Innovation Competitions -This post is based on practical experience of designing and running many competitions and synthesises our top 10 lessons learned from working with UBS, Ordnance Survey and the Colombia CO4 open innovation challenges about what it takes to run a successful global or national open innovation challenge. We have published almost 500 blog posts on the 100%Open blog over the last decade.

Reclamation awards $75,000 for ideas that lower cost of continuous streamflow monitoring

Innocentive

Geological Survey for a prize competition seeking innovative ideas to significantly reduce the cost of continuous streamflow monitoring compared to current methods while also increasing the availability of streamflow data. The Bureau of Reclamation partnered with the U.S.

How IT Must Improve to Meet Business Expectations

BPI Thought Leadership Media Coverage

Under pressure to gain a competitive advantage through disruptive IT, company leaders are expecting more input—and innovation—from their IT departments, according to a recent survey from the Business Performance Innovation (BPI) Network and Dimension Data

A Tale of Two IoT Initiatives: Industry 4.0 vs. the Rest of IoT

BPI Thought Leadership Media Coverage

Their recent study “The Impact of Connectedness on Competitiveness,” which surveyed several companies in the automation industry, found that while 90 percent say IoT is an important Recent research conducted by the& BPI Network& and the& CMO Council, in partnership with the& IoT Institute& and& Nerdery, points out that the adoption rate of IoT is slow coming.

Find Opportunities Out of the Box

Adam Hartung

Examining the full value chain can provide more insights into trends than customer surveys alone. Companies can get ahead of competition with trends. Opportunity assessments are the most powerful way to generate growth. Disruptions Innovation Marketing Strategy Ansoff Beats Dr. Dre innovation Ricoh

Global maritime shipping industry at the tipping point of digitisation

BPI Thought Leadership Media Coverage

The study, “Competitive Gain in the Ocean Supply Chain: Innovation That’s Driving Maritime Operational Transformation”, finds huge opportunities to improve performance and customer service through better use of technology across the ocean supply chain. The study is based on a global survey of more than 200 executives and professionals from terminal operators, carriers, logisti

Dismantle the business model.

Mike Shipulski

And, sure, you can measure customer satisfaction with an online survey, but the closest you can get is correlation and that’s not good enough. Constraints Culture Innovation Intellectual Intertia Trust Competitiveness Trust-based approachWhen companies want to innovate, there are three things they can change – products, services and business models.

How Do Your Employees Feel about Your Innovation Strategies?

IdeaScale

Run a satisfaction survey that includes a net promoter score (NPS) as another measure of engagement. You can also devise other surveys or questionnaires for employees to answer that will reveal how they feel about your organization’s innovation strategy and whether they feel their contributions are important. Once you have some preliminary data, try crafting another survey. Innovation is at its best when everyone in your organization is involved in the process.

'Ineffective sharing' hurts martime industry

BPI Thought Leadership Media Coverage

The study, entitled "Competitive Gain in the Ocean Supply Chain: Innovation That's Driving Maritime Operational Transformation," is based on a global survey of more than 200 executives and professionals from terminal operators, carriers, logistics providers, vessel owners, port authorities, shippers, consignees and other members of the global ocean supply chain

Shipping at the Tipping Point

BPI Thought Leadership Media Coverage

Entitled “Competitive Gain in the Ocean Supply Chain: Innovation That’s Driving Maritime Operational Transformation,” the report is based on a global survey of more than 200 executives and professionals from terminal operators, carriers, logistics providers, vessel ow Navis and XVELA, both part of Cargotec, funded the study by the Business Performance Innovation (BPI) Network.

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StratChat Replay: Innovation Readiness Assessment with Tendayi Viki & Alexander Osterwalder

Strategyzer Innovation

As the pace of change in our world has increased, competitive advantages have become temporary. Webinar Survey Results: WebinarsVisual live-drawn by Holger Nils Pohl. Companies now need to be able to support and nurture innovation - not as one-off projects, but as a repeatable process. Innovation proficiency is no longer optional. The questions for leaders and intrapreneurs are: How ready is your company to nurture and support innovation?

Elevate the Customer Experience with Idea Management Software

IdeaScale

According to a recent Gartner survey , over 80 percent of businesses expect to compete based on the benefits provided by stellar customer experience. This competition is driven by the ideas gathered from the customers themselves, which make it possible for businesses to address specific needs. Company leaders previously learned about what customers wanted through traditional means such as surveys and focus groups.

What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

” The survey was conducted asking over 5,000 board members from around the world asking “do they do enough to support innovation?”. The survey exposes the myth that innovation is not one of the three top challenges, innovation ranks fifth as it follows the more conventional concerns of managing talent as the top (and that did surprise me) and regulatory and competitive threats. The other valuable point for me was another insight from the survey. “

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The Five Building Blocks of Collaborative Innovation

IdeaScale

The report found that 54 percent of the executives who were surveyed struggle to align their innovation and business strategies while 61 percent stated they embrace open innovation to create new ideas. When those from established firms are more transparent and can share competitive insights with the younger firm, an important business relationship develops. Are you looking for ways to inspire collaborative innovation in your organization?

Seeker Spotlight: The Nature Conservancy

Innocentive

The Nature Conservancy , in collaboration with the US Environmental Protection Agency and the US Geological Survey , recently launched a Challenge seeking to identify and spur development of technologies to monitor nitrogen concentration in effluent from advanced Onsite Wastewater Treatment Systems. Winning solvers will be able to present their solutions and meet the Seekers and collaborators of this prize competition.

Algorithms that measure your company’s humanity

ideas4allinnovation

Attracting, detecting and extracting talent is essential for the competitive growth of an organization. The use of this tool, based on actively listening to employees, adds data to business intelligence and impacts on indicators such as sustainability, engagement or competitiveness.

Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

In a recent report called “ Radical Innovation and Growth: Global Board Survey 2016 ” (link opens the pdf) we have results from a survey jointly conducted by Deloitte Denmark and Board Network – The Danish Professional Directors Association, that opens up much that can concern us about the current boardroom and its great difficulty with managing more radical innovation. The Survey wanting to understand the current mood within the boardroom.

Strategic planning – much criticism but surprisingly high satisfaction

Eddielogic

Bain & Company published their 2015 Management Tools and Trends survey this summer (conducted in 2014). In this survey, they rate 25 popular management tools by usage and satisfaction every two years. The survey is based on more than 13,000 participants from all around the world. In this year’s survey the first five places by usage go to. Employee engagement surveys (44%). Or do managers surveyed have a false image of themselves and their businesses?

How Benchmarking Against Market Leaders Can Drive Business Success

Leapfrogging

Look at your competitive set and determine which companies you want to compare yourself with. Segment your competition into different groups of companies depending on how you want to compare yourself. Work with a market research or data professional to administer a survey to targeted organizations to gather insights into their processes and practices, as well as the measures that they use to gauge success.

New HBS Study Highlights Innovation Challenges and Opportunities in the Boardroom

IdeaScale

Yet, a Harvard Business Review survey of 5,000 companies found it wasn’t a top strategic challenge, let alone a priority, for most boards. It’s instructive what the survey found took top priority. Close behind was regulation, with competitive threats from abroad and domestic competitors close behind. And keeping up with the competition is going to consume any board’s time to some degree. Innovation must come from both bottom-up and top-down.

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Mapping the customer journey is the top driver for digital transformation

Paul Hobcraft

The good news is that although half of those surveyed are now mapping the customer experience journey most of these are only just doing this. Back in 2014 at the time of the last survey by Altimeter, only 25% of companies undergoing some form of digital transformation had mapped the customer journey, as now 88% cited CX as the driver of change and why technology was the necessary solution. Organizations are struggling to understand the behaviors of the ‘connected’ customer.

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Innovation: A Key Differentiator in Times of Crisis

IdeaScale

According to a study conducted by Adobe , 81 percent of digitally mature businesses surveyed cite innovation as a strength of their organization’s success. During the COVID-19 crisis, technology is driving competition beyond traditional boundaries. Innovation is what keeps businesses alive. It helps build customer relationships by addressing specific needs and allowing companies to thrive even in the face of adversity.

The Case for Dual Innovation

Tim Kastelle

Accenture: 2015 US Innovation Survey. When executed correctly, these innovations deliver a step-change improvement in organizational performance and competitive advantage. Deloitte: Radical Innovation and Growth – Global Board Survey 2016. The german consulting firm Detecon just published a study (in german) based on interviewing and surveying more than 70 german corporate innovation experts.

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Is Your Innovation Problem Really a Strategy Problem?

Tim Kastelle

They have responded to these changes in their competitive environment and have started to position themselves as the most innovative firm in their market. The chart below shows the responses to a questionnaire I administered called the Innovation Value Chain survey , and it demonstrates what an air sandwich looks like in practice. Note: this was originally posted on Harvard Business Review Blogs , with terrific editing by Sarah Green Carmichael.

Here’s how you can come up with outside the box innovations

Idea to Value

They can be turned into a source of competitive advantage. In these kinds of environments, constraints can even become a source of competitive advantage. The situation can thus become a source of competitive advantage against those who aren’t able to adapt to the changing circumstances as quickly. . When you have thousands of customers, it’s very quick and easy to just send them a survey and see what the results are.

DON’T LISTEN TO YOUR CUSTOMERS!

Innovation 360 Group

Customers tend to use surveys to complain, or negotiate, or tell you what bothered them recently. Kodak’s competition was not just other camera and printer companies, but entirely new innovations like social media. The Second Innovation Horizon is where you develop ideas from the Third Innovation Horizon into practical competitive advantages as you experiment with new capabilities and new lines of business.

How do companies who are role-models in innovation work?

ideas4allinnovation

Today’s companies are aware of the importance of promoting innovation to survive in an environment as competitive as the current one. Based on a survey conducted with managers responsible for innovation, R&D or Strategy in large organizations, the article defines what companies who are ‘model innovators’ would be like.

What Does a Chief Innovation Officer Do?

IdeaScale

In this survey from 2015, researchers report that 43% of large companies have some sort of top innovation executive in place, which was up from 33% in 2011. Obviously, organizations that don’t have a Chief Innovation Officer can still work on all of these initiatives, but we find that organizations that have assigned at least one champion to innovation efforts within a company are more likely to succeed, change, and maintain a competitive edge.

Crowdsourced Innovation: Three Things I Learned

IdeaScale

Innovation is Required to Be Competitive. This means that companies need to continuously innovate if they want to remain competitive in the market. From IdeaScale’s survey in the 2019 crowdsourced innovation report , we find that there is a large opportunity for growth if innovation teams are properly trained in innovation.

How Big Companies and Startups Use “Co-Creation” to Innovate

Leapfrogging

Established organizations want to squelch the competition. ” Innovation Leader conducted a survey of top companies and discovered that 61% of big companies regularly team-up with suppliers, distributors, partners and franchisees to innovate with 58% working directly with customers and end-users to “co-create” new products and services. The latest research says “co-creation” is an untapped opportunity for innovation. Here’s how to do it.