article thumbnail

How Innovation Awards Can Fuel Business Growth

IdeaScale

This is a company-wide competition encouraging the development and implementation of innovative solutions. IS: heard that since 2003 Wolters Kluwer each year consistently invests 8%-10% of total revenues in product development. 75% of the suggested ideas are implemented and adopted across Wolters Kluwer.

article thumbnail

Five Unicorn Scaleup Strategies

Leapfrogging

based software companies started since 2003 and valued at over $1 billion by public or private market investors. Competition aside, both face opposing physical forces that must be overcome to win. Inertia gets the blame for waning product performance and competitiveness, feature fatigue, and poor innovation pipeline throughput.

Strategy 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Debunking Disruptive Innovation – Why Disruptive Innovation is Not a Strategy

Leapfrogging

The theory of disruptive innovation can indeed be helpful for understanding how technology has played a disruptive role in shaping the business and competitive landscape. But when this is the dominant lens and you’re obsessed with hitting home runs (or being homered upon), you miss a lot of other opportunities to score.

article thumbnail

Business model creation and innovation in China: not just copycats.

The BMI Lab Blog

The American e-commerce giant acquired EachNet in 2003 for USD 180 million, with a willingness to step into the enormous Chinese market. At the same time, in 2003-2004, Alibaba invested USD 52 million to enter the C2C market in China through its service, Taobao.com. Additionally, Tencent is playing globally.

article thumbnail

Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

article thumbnail

Competitive Rivalry Increases Risk-Taking Behavior

Michael Roberto

Intuitively, many of us probably believe that heated competition with a rival increases our propensity to take risks. Sometimes, it involves creative choices spurred by competitive rivalry. In 2003, the Patriots trailed the Denver Broncos (another key rival) by 1 point with just over 3 minutes left in the game.

article thumbnail

A brief history of work, innovation and skills in the UK

Wazoku

1880s and 1890s – Efforts to raise productivity A growing concern about the standard of Britain’s labour force, particularly when compared with Germany and the other industrial nations, led to a rise in an emphasis on training to increase productivity and competitiveness. The digital revolution.