Remove Comparison Remove Competition Remove Disruption
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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.

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Building an Agile & Innovative Organization

Idea to Value

In recent years, more and more companies have realized the need for innovation as they’ve seen businesses all around them, and perhaps even their own business, being disrupted. And, if you don’t have customers, the reason really isn’t your competition, it’s you not providing them with enough value. It’s not easy.

Agile 310
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Use Intuition for Innovation Just Like Apple and Target

Leapfrogging

Disruptive Innovators Use Their Gut. Participants in the first group are asked to select the best apartment immediately after reading the comparisons–they don’t have time to really think about their choice. I get asked a lot about how much to rely on data versus gut instinct when innovating the next big thing.

Groups 130
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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. Most often, metrics used for comparison include sales figures, quality of products or services, brand awareness or customer experience. Look at your competitive set and determine which companies you want to compare yourself with.

Marketing 100
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Some students succeed at the expense of others. It doesn’t have to be that way.

Christensen Institute

As Todd Rose, author of The End of Average , told Diane Tavenner and me on our Class Disrupted podcast, the opposite of a zero-sum game is a positive-sum one in which the pie grows larger as individuals achieve success. Competition can be good. Competition is also a problem when we declare, prematurely, that the game is over.

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3 Ways to Stay Ahead of Disruptive Brands Screwing Up Your Customer Expectations

BrainZooming

These new disruptive options have caused frequent rideshare customers to forget how cabs operate. Yet, these examples reinforce an important point about strong brands with positive, radically different customer experiences: they can reshape expectations and behaviors even when a customer isn’t using the disruptive brand.

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Blockchain: Distributed Shared Ledger Technology in Banking

hackerearth

Here is a comparison in the workflow of an interbank cross-border payment system using traditional business process management and blockchain powered BPM. The wire and funds transfer aspects will be disrupted. They need to leverage this trust to build new competitive products in the blockchain space. Cross-border remittances.