article thumbnail

The necessity of market creating innovations

Christensen Institute

For example, today, in our world of superabundance, fewer than 7% of the global population lives on more than $50 a day, or $18,250 annually. At the Christensen Institute, we espouse the virtues of market-creating innovations. Javier Lozano’s market-creating innovation targeted these people. But it can.

Marketing 115
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Choosing your direction of travel

Paul Hobcraft

Plastics, Polymers for example, as well as Medications all need growing customer credentials by giving a greater clarity on explaining their effects on society and the individual. Product innovation from discovery to market is still the biggest drag on industry performance. The parts are not digitally connected-up.

article thumbnail

The Personality of a Business: More Than Just a Brand Image

Tullio Siragusa

Carving an Identity: Different Strokes for Different Brands In a market teeming with competitors, what sets a brand apart? Examples of Business Personalities The Luxury Maestro Example: Louis Vuitton or Rolex These brands scream exclusivity. It’s not just the quality of products or the catchy jingles. Their brand personality?

article thumbnail

The Double-Handed Approach to Innovation

Destination Innovation

Start by focussing on the market leading product (or products). Can you differentiate your innovation and increase the appeal of the product – maybe to a certain segment of the market – by adding something and removing something else? It does not have to appeal to the whole market. Does the new combination work?

article thumbnail

Is Zoom video a competitor to Hugo Boss?

Idea to Value

Perhaps the increase in remote working is bringing a different change to the fashion market. The new “Zoom Business Casual” But perhaps there is a wider trend here, which brings to light how the men’s fashion market has a new competitor: Zoom. It is not just other companies who produce what you do.

Video 169
article thumbnail

Trust the Customers, Not the Experts

Destination Innovation

He parked the idea and went travelling. Fellow dragon Deborah Meadon, chief of a holiday business, firmly stated that there was no market for the ride-on suitcase. After graduating he developed this idea and presented it to luggage companies who thought it was a toy. He was used to rejection and hardship.

Design 316