Remove 2007 Remove Competition Remove Idea Management
article thumbnail

Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. Businesses looking to discover how to beat a recession with idea management and continuous improvement would also do well to adopt it.

article thumbnail

What is idea management and why is it important for any business

hackerearth

Ideas that, if materialized into innovative products or services, align with your organization’s goals, increasing revenues and keeping competition at bay. What is idea management? Top management world over is now running helter-skelter demanding innovation. What are the phases of idea management?

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How to Keep Innovating in an Economic Downturn

Innov8rs

Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds. Usually, you need innovation for that, which means that you either adapt to current challenges or lag behind the competition. Why shouldn’t you just give up on innovation when times are tough?

How To 105
article thumbnail

Adapt or die: lessons from 5 companies that failed to innovate

Idea Drop

In 2007 a small-time, ailing Netflix actually thought they were going to be acquired by the Blockbusters giant, but they decided they didn’t want to. Price, branding, competitor offering and even convenience are all equally important, and you need to tick every box to stay competitive. Lesson: If you don’t do it, someone else will.

Company 68
article thumbnail

Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

Ideas – The Most Essential Innovation Asset Idea management is the process of finding, developing, and implementing ideas on an enterprise level. In this process, when ideas are submitted, they often follow clear parameters set by the organization. This is especially useful when inviting employees to share ideas.

article thumbnail

Innovate or Deteriorate – How Can Corporations Ensure That Billion $ Opportunities Don’t Slip Away?

Qmarkets

This invaluable resource contains countless ideas which have the potential to generate dramatically valuable business results, yet at many organisations it remains untapped. Since the turn of the century, Kodak’s focus has slowly shifted towards digital printing, and it is thanks to this venture that the company has managed to stay afloat.

article thumbnail

Innovate or Deteriorate – How Can Corporations Ensure That Billion $ Opportunities Don’t Slip Away?

Qmarkets

This invaluable resource contains countless ideas which have the potential to generate dramatically valuable business results, yet at many organisations it remains untapped. Since the turn of the century, Kodak’s focus has slowly shifted towards digital printing, and it is thanks to this venture that the company has managed to stay afloat.