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Lateral Thinking in Business Strategy

Destination Innovation

Let’s look at some examples of lateral thinking in business strategy and innovation. Dyson disrupted the vacuum cleaner market by creating bagless vacuum cleaners, a concept that challenged the traditional vacuum design and improved performance. How can you differenitate your business from the competition?

Strategy 169
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Examples of Businesses navigating complexity by fostering Ecosystems.

Paul Hobcraft

We all recognise that markets are changing, complexity is growing, and challenges are more formidable to manage without extended help. The company continually explores new business models, invests in emerging technologies, and adapts operations to changing market dynamics. emphasizes moonshot projects and long-term thinking.

Examples 147
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Unleash Your Teams Strategic Potential: 10 Ways to Craft the Best Business Strategies

Leapfrogging

Introduction to Strategic Thinking in Business The Importance of Strategy in a Disruptive World In today’s business environment, disruption is the new norm. With technology advancing at breakneck speeds and market dynamics shifting unpredictably, it’s crucial for you as a business leader to embrace strategic thinking.

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How to Use Crowdsourcing in Your Digital Marketing Strategy

IdeaScale

A new innovation in the digital marketing sphere is the idea of using crowdsourcing to generate or test marketing ideas. Up until this process, marketing, digital marketing and traditional marketing had been a “ one-way conversation ,” according to The Huffington Post. Benefits of Crowdsourcing. Efficiency.

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Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

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Use a Strategy Uncertainty Map to Find Clarity in Disruptive Times

Leapfrogging

Here’s the downloadable Strategy Uncertainty Map I developed as part of my work with Praxie.com. A Strategy Uncertainty Map is a visual representation of your top opportunities, which can include products, services, projects, or business strategies. All opportunities have uncertainty. Use a map to navigate it.

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Calling all innovators: Africa’s electricity market is ripe for market-creation

Christensen Institute

In 2021 , stimulus spending meant to spur investment in energy projects was still falling short of what was needed to ensure a sustainable recovery from the crisis. In other words, if innovators create markets that serve nonconsumers of electricity, they’ll also, in effect, generate transformative developmental impact.

Marketing 116