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It is clear that Europe lags the USA in producing high growth innovative large companies. However, there are many small companies that are doing surprisingly well and some large ones which are more innovative than you might think. Germany BASF: A chemical company that continuously innovates in sustainable solutions and materials.
Here are examples of eight successful companies which switched from one activity to another in order to meet a customer need. Berkshire Hathaway was originally a textile manufacturing company established by Oliver Chace in 1839 in Rhode Island. He used it as a vehicle to buy stakes in insurance companies and other businesses.
GUEST POST from Art Inteligencia In today’s rapidly changing business landscape, one essential activity that 99% of companies failed to prioritize last year is conducting regular customer and employee experience audits.
by Braden Kelley and Art Inteligencia The importance of evangelists in organizations around the world is often misunderstood or underestimated, and too few organizations have made the incredibly rewarding investment into one or more of the valuable types of evangelists – who are particularly valuable in B2B organizations for reasons I hope will (..)
Speaker: Carlos Hidalgo, Co-Founder & CEO of Digital Exhaust, Author, International Keynote & TEDx Speaker
In this exclusive webinar, Carlos Hidalgo, CEO of Digital Exhaust and B2B expert, will show you how to solve your company's alignment troubles to meet organizational growth objectives!
It articulates the companys core motivation, impact, and contribution to society. Unlike a mission statement , which outlines the companys objectives and operations, or a vision statement , which describes its long-term aspirations, a purpose statement answers the Why? behind the companys existence.
Ohmae’s 3Cs Model: A Practical Guide for Strategy Projects The 3Cs Model , developed by Kenichi Ohmae , is a strategic framework that helps businesses achieve a sustainable competitive advantage by focusing on three key stakeholders: Customer, Company, and Competitor. Create long-term value for both customers and the company.
It defines what the company stands for and how it conducts business, influencing employees, customers, and stakeholders. A well-crafted values statement should: Clearly define the companys ethical principles and cultural priorities. Improve employee engagement Ensures alignment between individual and company values.
Look for Stories Within Your Organization Dont just look outside your company; look within it. By choosing examples that embody diverse backgrounds and industries, you can show your team that innovation can come from anywhere, and that anyone, regardless of their background, can be an agent of change. Share their story!
Speaker: Anindo Banerjea, CTO at Civio & Tony Karrer, CTO at Aggregage
💥 Anindo Banerjea is here to showcase his significant experience building AI/ML SaaS applications as he walks us through the current problems his company, Civio, is solving. The number of use cases/corner cases that the system is expected to handle essentially explodes.
For example, a technology company using Gap Analysis may discover that its software deployment speed is slower than competitors , leading to a plan for process improvements and automation. For example, an e-commerce company may analyze its customer service response times to determine how to improve resolution speed.
It is based on the idea that companies should simplify their strategy and concentrate on what they can be the best at , rather than spreading themselves too thin. What You Are Deeply Passionate About Aligning strategy with the companys vision and values. Helping companies make better decisions on growth opportunities.
It focuses on why some companies consistently outperform competitors by examining their core capabilities rather than relying solely on market positioning or operational efficiency. Helping companies build a strong reputation and customer trust. Preventing companies from engaging in destructive price competition.
And unfortunately, hardly any of these companies even know what disruption really is. The companies who point to examples of other disruptors and say “we want to be like them” are suffering from both Survivorship Bias and Confirmation Bias. Disruption is what Uber, Airbnb, Amazon and the iPhone did to their industries.
Unlike other models that focus on isolated aspects of strategy, the Strategy Diamond provides a complete picture of how a company competes, differentiates, and sustains long-term success. How the Strategy Diamond Supports Strategic Decision-Making Ensures Clarity in Market Positioning Defines where and how the company will compete.
These core competencies are the capabilities, knowledge, processes, and assets that set a company apart from its competitors and drive long-term success. Prahalad and Gary Hamel, the concept of core competence highlights that companies should focus on their distinct strengths rather than trying to be good at everything.
As the leader of a cross-functional innovation team within a large pharmaceutical company accelerator, I’ve noticed a recurring challenge: team members struggle to balance their innovation tasks with the demands of their regular roles.
McKinsey Seven Degrees of Freedom for Growth: A Practical Guide for Strategy Projects The Seven Degrees of Freedom for Growth is a strategic framework developed by McKinsey & Company to help organizations identify and prioritize growth opportunities. Helping companies diversify revenue streams and minimize risks.
Speaker: Christophe Louvion, Chief Product & Technology Officer of NRC Health and Tony Karrer, CTO at Aggregage
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It proposes that companies must focus on one of three primary value disciplines to achieve market leadership and sustainable success : Operational Excellence Delivering low-cost, reliable, and efficient products or services. Improves Resource Focus Ensures investments align with the companys primary value discipline.
Improving brand loyalty Consumers are increasingly supporting ethical and sustainable companies. Attracting and retaining talent Employees prefer working for companies with a strong ethical purpose. Strengthens Competitive Positioning Differentiates companies in industries where responsible practices matter.
I personally have worked with companies who believed they needed a “statistically relevant” sample size of feedback before making a decision on whether to progress an idea (which in their view meant more than a hundred responses). Consider a company developing a new app. But liking an idea is different from using it.
Why Kotler’s Pricing Strategy is Important Many companies struggle with overpricing, underpricing, or misaligning pricing with customer expectations. Helping companies differentiate themselves from competitors. Enhances Competitive Advantage Enables companies to adjust pricing to stay ahead of competitors.
Why is it that some people and companies so quickly enhance their productivity and speed with new A.I. There are in fact 7 levels of increasing maturity for how individuals and companies use A.I. There are in fact 7 levels of increasing maturity for how individuals and companies use A.I. in their work. in their work.
I keep telling clients: just because a new AI tool is exciting, DO NOT GIVE IT ACCESS TO YOUR COMPANY DATA without proper due diligence. Unclear Data Storage Policies When you upload company information to an AI tool, where does that data actually go? Is it stored on servers? For how long? Is it used to train the tool’s models?
McKinsey 7S Model: A Practical Guide for Strategy Projects The McKinsey 7S Model is a strategic framework developed by McKinsey & Company to help organizations assess and align their internal structure and processes for maximum effectiveness. Strengthen company culture and reinforce shared values. What is McKinsey 7S Model?
First Mover Advantage: A Practical Guide for Strategy Projects First Mover Advantage (FMA) is a strategic concept where a company gains a competitive edge by being the first to enter a new market or introduce a groundbreaking product or service. What is the First Mover Advantage? How First Mover Advantage Supports Strategic Decision-Making 1.
The fight to find new customers and retain existing ones is the biggest business challenge for many companies. In 2022, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses.
A well-designed scenario planning process ensures that companies: Identify key uncertainties and their potential impacts. For example, Shell Oil has used scenario planning for decades to navigate uncertainties in the energy industry, helping the company adapt to fluctuations in oil prices, environmental policies, and geopolitical conflicts.
For example, a renewable energy company may use a Strategy Uncertainty Map to assess fluctuations in government regulations, shifts in public perception of clean energy, and emerging battery technologies. Strategy Uncertainty Map in Strategy In todays business landscape, relying on fixed assumptions can be risky.
Go-to-Market Strategy: A Practical Guide for Strategy Projects A Go-to-Market (GTM) strategy is a structured plan that defines how a company will introduce a product or service to the market, attract customers, and achieve a competitive advantage. Values Statement Aligns ethical principles with company culture.
Why a SWOT Analysis is Important A SWOT Analysis provides a holistic view of a companys strategic position by examining both internal and external factors. Identifies competitive advantages Highlights what the company does best. Improves Resource Allocation Helps companies invest in the right areas for maximum impact.
Download this ebook to learn how some of the largest companies in the world are driving better customer experiences. Customer experience is quickly becoming the de facto differentiator between successful businesses and the ones that fail.
A well-structured discovery-driven plan ensures that companies: Minimize risks by identifying and testing key assumptions early. How Discovery-Driven Planning Supports Strategic Decision-Making Identifies Assumptions Instead of Making Predictions Helps companies avoid costly miscalculations. Market entry strategies.
A few years ago I had a very interesting discussion with Lisa Bodell , CEO of Futurethink and bestselling author of innovation books Kill the Company and Why Simple Wins. In her TEDx Talk, Lisa talks about how sometimes companies develop rules which no longer serve a valuable purpose.
Developed by General Electric (GE) and McKinsey & Company , this matrix expands upon the Boston Consulting Group (BCG) Matrix by incorporating a more comprehensive evaluation of business strength and industry attractiveness. It provides a holistic evaluation of where a company should invest, hold, or divest business resources.
After graduating he developed this idea and presented it to luggage companies who thought it was a toy. Similarly toy companies were not interested because they considered it to be luggage. He found a toy company which was prepared to act as licensee, but the company went bankrupt. Your company is currently worthless.”
But many companies fail to achieve this goal because they struggle to provide the reporting and analytics users have come to expect. It will show you what embedded analytics are and how they can help your company. Every application provider has the same goals: to help their users work more efficiently, and to drive user adoption.
For example, Teslas KPIs include production efficiency, battery performance, and market adoption rates, ensuring that the company stays ahead in electric vehicle innovation. Consider: What are the companys top strategic priorities? Achievable Realistic within the companys capabilities. Lead Successful Strategy Projects!
Identifying and managing these factors ensures that companies allocate resources efficiently, mitigate risks, and maintain a competitive advantage. Strengthens competitive positioning Ensures the company excels in key areas that differentiate it from competitors. What do customers value most in the companys offerings?
It ensures that companies focus on leveraging their capabilities rather than fixing weaknesses , leading to greater innovation and sustained competitive advantage. How a SOAR Analysis Supports Strategic Decision-Making Aligns strategy with organizational strengths Builds on what the company already excels at.
One of the best ways to assess what proportions your company should allocate to different types of innovation projects is by looking at your current and desired innovation portfolio. Some companies, like technology companies which need to produce new offerings more quickly, might have a ratio that is more like 45-40-15.
Rapid Innovation Sprints (RISE) help companies incubate greenfield digital product ideas that have the potential to radically transform their business. The techniques of RISE help to uncover game-changing opportunities with structure, collaboration, and commitment. Bring your next amazing idea to life!
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