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Building Capacity for Breakthrough Innovation

Innov8rs

Innov8rs | Breakthrough innovations are characterized by their ability to disrupt or redefine the competitive landscape, often rendering existing solutions obsolete. They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks.

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Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

Company Builder : Units that develop digital business models using internal and external resources – from idea to successfully established young company in the market. Trend 1: Corporate-wide Innovation Ecosystems. Innovation needs disorder – up to a certain extent. Trend 3: Multi-Corporate Accelerators.

Trends 58
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Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

Corporations are under increasing attack and are really struggling to become more radical in how they can defend, secure and achieve growth. A lack of understanding innovation in all its forms is coming back to haunt them. They can’t seemingly handle radical innovation and there is even more of an imperative to learn.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

One very positive result: one of the more radical aspects of open innovations, the final product or service design is capable of winning the hearts and minds of many consumers, who value this combined solution and often are prepared to pay a premium for this connected experience/solution.

Industry 289
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Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

This not just comes from the research and development lab but far more to listening and observing customers, the market shifts and trends, to having customer conversations, gaining insights into potential gaps or opportunities in the marketplace or through those that have this market-facing role inside the organization.

Design 130
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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

2005) that the ´failure to adequately define the market is a key factor associated with venture failure´, we identify the definition of the target customer as one central dimension in designing a new business model. Radical innovations are similar to evolutionary innovations - but the leap of innovation is more comprehensive.

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So Where Is Innovation Heading?

Paul Hobcraft

These are big data analytics, the fast adoption of new technologies, mobile products and capabilities and digital design.See the above for the complete list on where innovation is heading, it makes interesting viewing. Even though this is a trend for all, there is a growing digital divide.