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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. In the precarious economic climate, a global recession is an ever-present danger. Read on to discover how you can transform a recession into a rejuvenation.

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Options-based Strategy: An Approach for Uncertain Times

The Inovo Group

How do you create a company that can adapt, respond, and reinvent itself to become stronger in both good times and bad? In 2017, the entire eight-person, executive management team (except for the CFO) of Sweetgreen quit of their own accord after the company had record growth in 2015 and 2016. Highlights. Michael Raynor.

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Why you need extreme constraints to fuel innovation

hackerearth

The team calls itself a curiosity driven research group at Stanford, trying to invent novel technologies with clinical applications with a current focus on resource-poor settings. Sometimes, people find solace in boundaries to focus and find inspiration for creative ideas. “I Have you heard of the “Prakash Lab”?

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

The BMI Lab Blog

Let’s take a look at how the British cycling team went from zero Tour de France victories and ninety-five years without any Olympic medal by 2003 to sixty-six Olympic or Paralympic gold medals and five Tour de France victories between 2007 and 2017 (Clear, 2018). How to design a winning business model. Harvard Business Review.

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11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

In essence it is nowadays recognized as the difference between creativity (Schumpetarian) and alertness (Kirzner) – creation versus discovering. When to be creative, when to be managerial. Entrepreneurial thinking is described as having an entrepreneurial expert mindset (Krueger, 2007). Krueger, 2007).

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Method Mondays: Never stop learning

Boxes and Arrows

At the SAP Design & Co-Innovation Center (DCC), we frequently organize the so-called “Method Mondays,” a regular one-hour meeting series in which the team members share, practice, and test different methods. Once it is complete, analyze the results in a team and think of ways how to apply them to your service or product.

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50 what-if questions to reimagine the future

Board of Innovation

What if you were charged a fee for delivering a bad customer experience? What if every employee believed to be creative? What if you were charged a fee for delivering a bad customer experience? You could start with bootcamps – a great way of developing new concepts in a short time. What if no staff was required?