article thumbnail

Continuous Improvement and Breakthrough Innovation: Why You Need Both

IdeaScale

The British cycling team used incremental improvements to go from also-rans to winning seven of ten gold medals in the 2008 Olympics. Continuous improvement increases efficiency and/or productivity, and these incremental improvements can confer a strong competitive advantage, particularly over longer time periods.

article thumbnail

The Creativity Crisis: It’s Getting Worse

Idea to Value

Making test scores as the measure of success fosters students’ competition and narrows their goals, such as getting rich, while decreasing their empathy and compassion for those in need. In “ The Creativity Crisis (2011) ” I reported that American creativity declined from the 1990s to 2008. Narrowing visions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Your Guide to Incremental Innovation: Examples and Lessons from Global Brands

Qmarkets

It’s a series of much smaller innovations that make sure that a product consistently evolves over time and becomes more competitive in the market. In a competitive landscape, even small improvements to existing features can have a substantial impact on a product or service’s standing in the market.

article thumbnail

IDEA 2008

Boxes and Arrows

37signals’ products do less than the competition—intentionally. Getting Real – Jason Fried Jason Fried is the co-founder and President of 37signals , a privately-held Chicago-based company committed to building the best web-based tools possible with the least number of features necessary.

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. It’s estimated that a loss of more than $2 trillion in world-wide economic growth occurred between the second quarter of 2008 and the first quarter of 2009.

article thumbnail

CPG Industry Innovation

eZassi

They also look to outside ideas in competitions like the P&G Ventures Innovation Challenge, sharing the stage of ideation with promising startups. Following the competition and battling over market share is not a viable strategy. CPG brands that learn from the past can possibly find competitive leverage in the future.

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