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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. While innovation is pertinent, it is often misunderstood and as a result, many companies fail to reap the benefits of it at its best.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. While innovation is pertinent, it is often misunderstood and as a result, many companies fail to reap the benefits of it at its best.

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Scaling-Up: The Foundation

Integrative Innovation

putting three Playing Fields – each of them with a dedicated and distinct operating model – under one roof : Playing Field 1 – Optimize the Core : Exploit existing businesses / S-curves through incremental innovation within a known technology base and an existing business model, using linear Stage-Gate processes.