article thumbnail

Stop Itemizing Everything: Move Beyond Competition

Daniel Burrus

Human beings are competitive in all circumstances, and it has only intensified in today’s predominantly technologically advanced world. But what if you could move beyond the idea of competition and no longer needed to see the competition as “competition,” necessarily? Competition Is Dangerously Synonymous with Disaster.

article thumbnail

At the digital transformation and innovation crossroads

Jeffrey Phillips

Are you thinking about how your business model needs to change, to be more competitive as innovation, customer demands, competitive threats and shifts caused by digital transformation occur? Product innovation will seem child's play by comparison, but business model change will be the real opportunity.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Idea to Value

In comparison, of the companies which were fast followers in those categories (and which entered on average 13 years after the pioneers), only 8% failed. And competition has its advantages. After all, when someone copies what you have in the market, they are copying the artifact of your past effort.

Strategy 264
article thumbnail

Toxic Competition in the Workplace

CMOE

Toxic Competition in the Workplace: Recognition, Prevention, and Fostering Healthier Outlooks Competition is often a helpful catalyst for innovation and productivity in the business world. However, when competition crosses the line from healthy motivation to toxic action, it can harm workplace culture and team well-being.

article thumbnail

Continuous Improvement vs Process Improvement: Spelling Out the Important Differences

Kainexus

In today's fiercely competitive business landscape, success hinges on the relentless pursuit of improvement. This article will provide a detailed comparison that clarifies the distinctions between these two concepts. Within this demanding landscape, the efficient management of business processes becomes paramount.

article thumbnail

Building an Agile & Innovative Organization

Idea to Value

And, if you don’t have customers, the reason really isn’t your competition, it’s you not providing them with enough value. And as long-time readers know, that’s the last thing you need since the pace of innovation is probably the single most important source of competitive advantage any organization may have. It’s not easy.

Agile 310
article thumbnail

Creating the Industrial Ecosystem

Paul Hobcraft

Siemens is in some highly competitive industrial markets. Partly they, Siemens, have lived with Mindsphere for some time and it has become embedded in where they are going, perhaps forgetting the significant lag the outside world has to this, to relate or appreciate or make those essential comparisons.

Industry 187