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Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

As we saw in 2019 , the business landscape is sufficiently volatile and disruptive even when the market is relatively stable. Businesses looking to discover how to beat a recession with idea management and continuous improvement would also do well to adopt it. Improvise, adapt, and overcome” is a mantra coined by the U.S

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The Day after Disruption

Qmarkets

Sometimes it seems like organizations, even large enterprises, live and die by their ability to create disruptive innovations that completely redraw the market landscape, putting them at the forefront. Disruptive vs. continuous innovation. Such disruptions are often pivots (reactions to changing market conditions).

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Keeping Score: What’s the Right Scorecard for Your Idea Management Campaign?

Qmarkets

When running an idea management campaign, one of the most crucial steps is the expert evaluation stage. Without properly scoring the relevant ideas, focus may be put on ideas which are either impractical or which require too many resources to develop, instead of on ideas which can provide a positive ROI.

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Keeping Score: What’s the Right Scorecard for Your Idea Management Campaign?

Qmarkets

When running an idea management campaign, one of the most crucial steps is the expert evaluation stage. Without properly scoring the relevant ideas, focus may be put on ideas which are either impractical or which require too many resources to develop, instead of on ideas which can provide a positive ROI.

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The Top 5 Excuses That Prevent Disruptive Innovation

Idea Drop

While some businesses flourish off the back of a single great idea, others tend to prosper with a steady stream of good, fresh ideas. Of course, most businesses are severely lacking in innovation – the irony being that many of them were built on an innovative idea to begin with. Markets are ever changing oceans.

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Streamlining Success – How Continuous and Disruptive Innovation Examples Can Inform Business Transformation

Qmarkets

But do these disruptive innovation examples reflect the strategy that all companies should adopt? Continuous vs disruptive innovation examples - what both approaches can teach us. The Uber incident is just one of many disruptive innovation examples that highlight the limitations of the approach.

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15 most important Innovation Theories your company should be using

Idea to Value

An excellent example, outlined in the video below, is Adobe’s Kickbox program, which gives anyone who has an idea and wants to try it out a box with advice on how to approach the experiment and a pre-paid credit card with $1,000 to be used however the person wants. Suggested viewing: 12 – Disruptive Innovation.

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