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Every now and then a book on innovation is published that deserves to be put on the innovator’s bookshelf along with other seminal writings about innovation. Disruptive Innovation – Requires a new business model but not a technological breakthrough. Selection – focusing on a subset of opportunities.
. “If you went to bed last night as an industrial company, you’re going to wake up this morning as a software and analytics company.” As venture capital investor Marc Andreesen pointed out, “software is eating the world.” Innovation like this requires, among other things, technological aptitude.
The company created impressive digital capabilities, labeling itself a “digital industrial” company, embedding sensors into many products, building a huge new software platform for the Internet of Things, and transforming business models for its industrial offerings.
Innov8rs | If youve been around the innovation world for a while you probably came across the 70-20-10 golden rule for portfolio management. This 'rule' suggests that 70% of a company's resources need to go toward core-business innovation, 20% towards adjacent innovation and 10% towards disruptive or radicalinnovation.
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