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Crowdsourced Innovation: Three Things I Learned

IdeaScale

Innovation is Required to Be Competitive. This means that companies need to continuously innovate if they want to remain competitive in the market. In fact, Netflix crowdsourced its innovation process by paying 1 million dollars to the people who figured out how to improve its recommendation algorithm from 2006 to 2009.

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Fusion, Flow and Fluidity are needed in our Management Practices

Paul Hobcraft

We are caught in a real tug of war within much of what we do in business today; in our responses and reactions to many of the dramatic business conditions we are facing, many deteriorating or being challenged by greater global competition. We need a new management model, one where we are pushing to seek increasing new knowledge.

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Why are innovation ecosystems important?

Paul Hobcraft

Recently, I presented my framework to the GIMI think tank GIMI was initiated by a worldwide group of chief innovation officers, innovation executives, academics and consultants in 2009. Enhance Competitiveness: Rationale: Staying ahead in the competitive landscape requires constant innovation.

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The new ROI for digital innovation

Paul Hobcraft

Managing in this shift has become more intense and committing. They see financial management differently. Morgan and Berkshire Hathaway view on financial management will be interesting to watch. A virtuous loop. The reliance on deeper insights, more data, greater communications is changing the way we undertake innovation.

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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. 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.

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71 Innovation Methodologies

Open Innovation EU

Focus stage: Growth Published: 2009 more…. Design Competitions. Focus stage: Maturity Published: 2009 more…. Managing Distributed Innovation (Bogers). Managing Unsolicited Ideas (Alexey). Focus stage: Maturity Published: 2009 more…. Design Thinking Process (Stanford). Focus stage: Seed Published: 2012 more….

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How to Keep Innovating in an Economic Downturn

Innov8rs

This dichotomy delivered by the financial pressure is unfortunately pushing many leaders and top managers towards suboptimal decisions that tend to focus more on survival and not enough on investing in the future. Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds.

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