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3 Questions You Need to Ask Before Creating an Innovation Roadmap

Leapfrogging

They developed Google Adwords in 2000 to allow advertisers to pay for ads on the platform and have since continued to disrupt the marketplace through strategic innovation. Businesses that don’t innovate risk being disrupted by their competitors. The larger a business is, the more likely it is to be disrupted by challenger businesses, startups and fast-followers. Consider if the overall aim is to improve technologies, products, processes, markets etc.

Roadmap 100
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Turn the Tables on Product Development Disruptions

Planview Blog

Disruptions to effective product development are constant but don’t need to be detrimental to an organization’s ability to deliver innovation with speed and maintain a healthy ROI. The Constant and Evolving State of Disruption.

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ITONICS as Product Challenger in the Market Segment “Accelerated Innovation”

ITONICS

The market segment focuses on the holistic approach and integration of interdisciplinary innovation management and processes in companies. It furthermore examines the digital transformation of processes: from theoretical to data-driven, from incremental to disruptive decision processes. From environmental scanning, trend, technology, and start-up scouting to idea management and innovation roadmapping, the entire innovation process is shaped and controlled.

Roadmap 30
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When Creative Destruction is the Right (or Wrong) Foundation for Innovation

New Markets Advisors

And it’s the knowledge of when to focus on addition and when to focus on replacement that gives companies a competitive edge and a roadmap for growth. The market is mature and over-satisfied. As markets mature, customers find it very easy to satisfy the jobs that are most important to them. When markets mature to this point, companies need to shift quickly. Or maybe a small competitor with a leaner workforce is stealing away market share. In nascent markets?—?think

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You Are Being Digitally Disrupted – Do Something About It

The Inovo Group

An AI could be assisting virtually everyone throughout your business – operations, RD&E, sales, customer relationship, marketing, manufacturing, supply chains and innovation. The ‘point-of-the-spear’ for many companies, especially those in B2C businesses, is the digitalization of marketing and customer relationships. Many companies are not prepared for the disruptions that the coming digital transformation will cause and some haven’t even started thinking about it seriously.

Groups 40
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How to be More Agile as Competitive Advantages Fade

New Markets Advisors

Facebook continues to hold nearly 20% of the digital ad market while Facebook-owned Instagram (5%), Twitter (1%), and Snapchat (1%) lag behind. Agile processes not only ensure that teams are able to make the right choices at the right times, but they also ensure that shifts aren’t disruptive to other teams or the overall effectiveness of the organization. Dave Farber is a strategy and innovation consultant at New Markets Advisors.

Agile 40
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Top Strategies to Prioritize Features for Innovation Teams

IdeaScale

Innovation team members have to deal with the needs of users, finances, and marketing all at once. And now they have to figure out which features should be prioritized for their innovation roadmap, too? Additional Tips to Help Your Team Prioritize Innovation Roadmap Features.

Strategy 130
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Munich Re offers a real clarity to their innovating future

Paul Hobcraft

They are looking to enable technology and digital innovation to improving their 1) existing business models, looking to 2) disrupt existing business models and 3) establish new business models in selective insurance sectors, to continuously learn and adapt. For example, they illustrate the Canadian approach to their digital marketing platform. The most impressive presentation I reviewed in 2017 was the one from Munich Re, held on 21st November 2017 under their investor day event.

Roadmap 69
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An innovation framework that offers a formula for sustainable advantage

Paul Hobcraft

The extent of market advantage (posses distinctive advantage) to be achieved or believed needed. Plotting out the roadmap for innovations evolution. Investment x activity x focus x disruption = return on innovation expectations.

Roadmap 136
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A new normal is upon us, the paradigm shift that will change the World.

Paul Hobcraft

We are entering a position of significant disruption. ” Brian Solis has been one of the industry’s most influential voices when it comes to humanizing disruptive technology trends and is the Global Innovation Evangelist at Salesforce.

Change 250
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Timing of Innovation – Getting the Odds on Your Side

Innovation Excellence

What’s more, the digital age has further highlighted the importance of getting timing right, because many markets have quickly transitioned from local to global, winner-takes-most markets. When it comes to innovation, there are countless ways things might go wrong.

Roadmap 76
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Is your company up for disruption? Possibly not

David Marks

Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go. They have established and well known products, markets and consumers They have connections with suppliers and distributers They know the way around regulations They often have unique knowhow and patents They have internal processes and organization The last point is particularly vital.

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12 Technology Categories That Will Transform Careers

Daniel Burrus

As technology continues to impact our lives, workers at every level in today’s ever-changing labor market need to be prepared with skills to adapt and succeed in the workplace. Over the past thirty years, I have developed a proven methodology to anticipate disruption and change before it happens, allowing you to find the confidence that certainty provides.

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Digital Transformation = Reimagining of the Business for the Digital Age

Rmukesh Gupta

In many cases, survival of the business will depend on how well digital transformation efforts play out in the market. They are not examples of digital transformation but are examples of digital disruption.

Roadmap 70
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Your Guide to Fueling Enterprise Innovation in the Transport Industry

Qmarkets

We’re right at the beginning of an era of market disruption affecting sweeping, radical changes to personal and public transport, and the pressure on companies to innovate is coming from all directions. Will infrastructure develop in key markets to support both adequately anyway?

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Are You Doing Agile Right?

Leapfrogging

The main purpose of the methodology is to create a product or service that disrupts the market and forces competitors to adapt or exit the space because of the level of disruption created. The key businesses processes that need to be developed ahead of implementing an agile innovation process of this kind are 1) some kind of roadmap or plan for innovation 2) definition of roles and responsibilities of team members.

Agile 100
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Is your company up for disruption? Possibly not

David Marks

Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go. They have established and well known products, markets and consumers They have connections with suppliers and distributers They know the way around regulations They often have unique knowhow and patents They have internal processes and organization The last point is particularly vital.

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Your Guide to Fueling Enterprise Innovation in the Transport Industry

Qmarkets

Huge changes are afoot, as market disruption pressures companies from all directions. In H1 last year, EVs’ market share of new car sales stood at 11.3% , almost double that of the same period in 2021. Will infrastructure develop in key markets to support both adequately anyway?

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Digital Transformation = Reimagining of the Business for the Digital Age

Rmukesh Gupta

In many cases, survival of the business will depend on how well digital transformation efforts play out in the market. They are not examples of digital transformation but are examples of digital disruption.

Roadmap 52
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Leading Innovation = Managing Uncertainty

Strategyzer Innovation

While generating new ideas and inventing new technologies is important, it is even more important for innovators to identify the unknowns that have to be true for their ideas and technologies to succeed in the market. We can only claim to have succeeded at innovation when we find the right business model to profitably take our idea or technology to market. Google constantly improving their search engine), taking existing products to new markets (e.g.

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“Lean Startup, or Business Model Design, or Design Thinking?” is the Wrong Question

Leanstack

Every company needs to simultaneously optimize their existing business model (sustain) and search for the next evolution of the business model (disrupt). Model-Prioritize-Test Over the years, while this meta-process has stayed the same, many more models (Customer Factory Blueprint, Customer Forces Canvas, Traction Roadmap), prioritization tools, and testing techniques have been developed in response to chasing yet more questions: - How do you size business models? -

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Let’s meet in Copenhagen!

ITONICS

In this presentation, Dr. Michael Durst (CEO and founder of ITONICS) will address: Trends and New Technologies: Connect the Market Pull and Technology Push. Evolution and Revolution: Find the right mix between quick wins and disruptive moves. Balance the risk: Connect the dots in innovation roadmapping.

Meeting 30
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Top Jobs to be Done Books (JTBD)

InnovationTraining.org

The Jobs to be Done Playbook: Align Your Markets, Organizations, and Strategy Around Customer Needs. Jobs to be Done: A Roadmap for Customer-Centered Innovation. Check out these popular JTBD book recommendations.

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Mapping the customer journey is the top driver for digital transformation

Paul Hobcraft

Knowing the why of your customers is something that keeps many marketing and C-level executives up at night. I still sense that it still seems IT & Marketing are not working on this together, there are separate initiatives and operating in their own silo’s, often in pursuit of different investment decisions that might be better served by combining forces. The report warns even further: Mobile is just the beginning of disruption in the customer journey.

Report 183
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3 Warning Signs Your IT Strategy is All Wrong

MSSBTI

With today’s environment of rapid and exponential change, a well-defined, business-owned, adaptive strategy is what will enable your organization to stay ahead of disruption and win in the market. While their individual impact on business operations is hard to measure, what is clear is that their convergence will accelerate change and disruption at levels yet unseen. Your digital transformation begins with a digital strategy and technology roadmap.

Roadmap 40
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Building an Agile & Innovative Organization

Idea to Value

In recent years, more and more companies have realized the need for innovation as they’ve seen businesses all around them, and perhaps even their own business, being disrupted. If you don’t have customers, your market share is zero.

Agile 240
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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Do you have a roadmap for its short- and longer-term implications? Often it is misused as a framework for assessing a specific market or even an organization itself. It illuminates connections in the data so you can begin to defend your market value.

Groups 63
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“Lean Startup, or Business Model Design, or Design Thinking?” is the Wrong Question

Leanstack

Every company needs to simultaneously optimize their existing business model (sustain) and search for the next evolution of the business model (disrupt). Model-Prioritize-Test Over the years, while this meta-process has stayed the same, many more models (Customer Factory Blueprint, Customer Forces Canvas, Traction Roadmap), prioritization tools, and testing techniques have been developed in response to chasing yet more questions: - How do you size business models? -

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Why Strategy Is Important to Your Business Success

CMOE

This may involve adjusting employees’ quarterly goals or cross-training team members to increase productivity and better meet market demands. Globalization trends: How are shifts in production and labor markets affecting your supply chain? How is the target marketing shifting?

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The Only Three Swim Lanes That Matter to a Business

Legacy Innovation Group

Shareholders gain value in the form of quarterly dividends and increasing market capitalization of the business (meaning their shares continue to increase in value so that at some point in the future they can realize a net gain from their sale). Peter Drucker, the godfather of contemporary management, said it well⃜ "⃜the business enterprise has two – and only two – basic functions: marketing and innovation.

Groups 40
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My 5 S for future Innovation: Smart, Stacks, Scale, Storage, and Software

Paul Hobcraft

What greater validation that this, that this takeover has the “legs to run” was that Siemens offered Mendix a lot of autonomy, significant financial backing and the wish to see the present roadmap deepen, broaden and keep Mendix strongly in a leadership position. Building the right technology stack is essential for delivering strategy and the underlying digital roadmap. Technology is radically altering our need for innovation.

Software 159
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The Forrester Wave™: Innovation Management Platforms, Q1 2020

Wazoku

Its platform offers a number of prebuilt applications for continuous improvement, disruptive ideation, incubation, and business planning. Forrester state that the updated 2020 report was in response to the fact ‘ the innovation management market has changed drastically’.

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5 Things to stop doing to enable enterprise innovation

Moves the Needle

The market is changing faster than ever, and an organization’s ability to move at the speed of the Internet is the only chance at surviving and thriving. We’ve learned from the collapse of Kodak, Blockbuster, RadioShack and other once-prominent organizations that a corporate culture designed to uphold and manage existing success can actually become the arch nemesis of an enterprise that needs to be agile in order to evolve to meet the needs of quickly changing global markets.

Roadmap 68
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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

I could outline countless ways to work through different examples, set about a strategic and operational digital transformation roadmap, to combine effective knowledge from people and excellence gained from what you need to do in IT and your technologies to get this going, but I will not here, as this is an opening primer, not a solution. I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption.

Roadmap 146
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10 Business Challenges in which Innovation is the Answer

Business Innovation Design

Commercializing technology into the market requires research on how users behave and interact with technology. From technology disruption to changing social values, their ability to sustain competitive advantage declines, if not disrupted. Create innovation roadmap and orchestrate strategy CEOs have a vision that needs to be realized.

Design 50
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5 Things to Stop Doing to Enable Enterprise Innovation

Moves the Needle

The market is changing faster than ever, and an organization’s ability to move at the speed of the Internet is the only chance at surviving and thriving. We’ve learned from the collapse of Kodak, Blockbuster, RadioShack and other once-prominent organizations that a corporate culture designed to uphold and manage existing success can actually become the arch nemesis of an enterprise that needs to be agile in order to evolve to meet the needs of quickly changing global markets.

Roadmap 61
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Companies betting big on open innovation

hackerearth

“Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. This paradigm] assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their technology.” ( Henry Chesbrough, 2006 ). Check out how the idea generation and project roadmaps here.).

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7 Things Every CEO Should Know About Their Patents

Anaqua

Even in the most extreme cases where there is a perfect intersection of data, analytics, valuable metrics, and huge incentives to utilize and optimize, we see both surprising catastrophic failures, and stunning opportunites in markets. To give two stark examples, we turn to the market crash of 2008 – caused by a cascading failure in financial markets that devastated our economy and destroyed market capitalization – in 18 months, the Dow lost over 50 percent of its value.

Roadmap 40
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Four Key Considerations for Evaluating Your IP Management Solutions Amid Industry Consolidation

Anaqua

The IP software and services market has gone red-hot recently with two major shake-ups in the industry in the past few months. This month was marked by the merger of two of the largest players in the IP market, CPA and ipan, with the combined entity now offering dozens of overlapping IP software platforms and services. Here at Anaqua, we’re receiving inquiries from the market including customers of the merged companies. By Vincent Brault, SVP of Product & Innovation.

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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

I could outline countless ways to work through different examples, set about a strategic and operational digital transformation roadmap, to combine effective knowledge from people and excellence gained from what you need to do in IT and your technologies to get this going, but I will not here, as this is an opening primer, not a solution. I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption.

Roadmap 122
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Relating to the New Innovation Era

Paul Hobcraft

Innovation is advancing but most of it has been designed for a different time, the old era of stable markets, predictable solutions and having a clear sense of your competition. What we design in organizations is far too rigid and not highly adaptive and that is the not reflecting the needs we are facing in our more volatile markets today. I firmly believe we are on the cusp of a new innovation era.

Agile 144
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Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

As the manufacturing sector speeds into a world of futuristic tech and disruptive business models, creativity and innovation are becoming critical skills for figuring out how to unlock value strategically. In order to prepare for the coming skills shortage in manufacturing, business leaders must assess their current capabilities, refine their market strategy, build a culture of innovation, and ensure that they have the most effective leadership styles in place. .

Groups 40
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What do most innovative companies have in common?

hackerearth

The increasing competition for customers, market share, and talent in almost every industry demands an innovative approach to business. Providing a supportive environment that encourages failure ensures that the strongest ideas gain organization-wide acceptance and reach the market as great products. Taking a holistic view of the complete customer journey along with new experiences that a product or service offers leads to disruption.

LEAN 65