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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

What makes more sense: To be the first player in a brand new market, able to be the first (or only) company which customers buy from? To wait until other companies have proven there is a market for a new offering, and then quickly develop and scale your own? This can require significant marketing and sales effort to change.

Strategy 266
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How Small Business Owners Can Navigate Inflation and High Interest Rates

Business and Tech

Here are three things small business owners can do now to navigate the changing economic landscape: 1. Frequent comparisons of your budget/projection to your actual performance helps you identify where your thinking was on target, and where it might have missed the mark.

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At the digital transformation and innovation crossroads

Jeffrey Phillips

Most corporations are struggling to comprehend the changes in front of them, but at the same time are so fixated on short term thinking that they struggle to see the tsunami that is emerging just over the horizon. Change is being thrust upon them. The corporations didn't change. This is a dramatic business model change.

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Do you recognize your innovators leaders position?

Paul Hobcraft

Whereas back-end leaders would tend to be in charge of clinical development, manufacturing, or marketing-driven activities. As described well within the book this difference is best illustrated by this Apple leadership comparison. Both have been highly visible and well cited in personality, backgrounds, and interests.

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How Benchmarking Against Market Leaders Can Drive Business Success

Leapfrogging

Even worse, your business may end up being disrupted by the next big innovation that comes on the market. They measure what is working within the organization, and more importantly what isn’t, in order to gauge what needs to change. So what do you do when you want to find out how your business is doing? So how do you benchmark?

Marketing 100
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Building an Agile & Innovative Organization

Idea to Value

So, an innovative and agile organization is one that can change, adapt, and constantly introduce new things, be it improved, products, services, or processes, that create more value. For example, there are often processes that are specifically designed to eliminate risks and control change. Thus, for most, the journey won’t be easy.

Agile 312
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How four market-creating innovations are improving education and employment in Brazil

Christensen Institute

In our recently published paper titled Leveraging Market-Creating Innovations to Solve Brazil’s Education Paradox , we describe how Brazil currently spends more money on education than its Latin American peers, however much of the outcome of its education system is subpar to theirs in comparison. Thankfully there is hope.