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Innovation Management: Importance, Ideas, and Examples

Acuvate

In less than a decade, innovation management got recognized as one of the most powerful strategies an organization can use to streamline internal processes and boost their business productivity. What is innovation management? Importance of innovation management.

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Boosting Innovation: Harnessing AI for New Product & Service Development

Leapfrogging

The Intersection of AI and Innovation Management Defining Innovation Management with AI Innovation management refers to the process and activities that organizations use to manage and nurture new ideas into marketable products and services. Tailor products and services to specific market segments.

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AI in Foresight & Innovation Management

ITONICS

However, how can one apply complex AI algorithms to steer innovation management in a company and add value to the business? Why AI in Foresight & Innovation Management. For many companies innovation is one of top priorities. AI-powered innovation management platform is a fit for this need.

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Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

But what does a well-balanced innovation portfolio look like? One of industry standard answers comes from research by Deloitte Partners Bansi Nagji and Geoff Tuff, in their groundbreaking 2012 article in Harvard Business Review: Managing your innovation portfolio. Well, that depends.

Project 284
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How Consulting Will Likely Change Because of the Pandemic

Leapfrogging

Cable TV is a great recent example with dozens of disrupters like YouTube, Netflix, Amazon, Google, Apple, and others nipping at the heals of–and taking bigger and bigger bites out of–established players like Comcast. How do you digitize a robust, collaborative business strategy process for an executive team, for example?

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

Discontinuous innovation, on the other hand, marks a profound departure from the established norms of technology and business models, fundamentally reshaping markets and consumer behaviors. Examples include Electric Vehicles (EVs), and streaming media like Spotify or Netflix.

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The Value of Knowing When to Pivot

IdeaScale

Kenny Rogers is not generally discussed as a legend of innovation strategy, but “The Gambler” contains a piece of advice every innovation manager needs to remember: Knowing when to hold ’em, when to fold ’em, and when to walk away is a key part of innovation. You have to know when to pivot.