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Pace of Innovation – The Ultimate Competitive Advantage

Idea to Value

When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation.

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Innovation project or Innovation Capability?

Jeffrey Phillips

No, today I want to talk about the differences and problems when companies focus on innovation as a discrete project, versus what they really need, innovation as a competency or capability. Plus, innovation as a project demonstrates some investment in innovation but controls for cost and risk.

Project 160
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Charting the Course: Linking Business Strategy to Innovation

Leapfrogging

Size Up the Competition : Watch what others in your field are doing, learn from their hits and misses, and find ways to stand out. Resource Swag : Make sure you’ve got the budget, crew, and tech ready to power your creative projects. Pilot Projects: Before going big, test the waters with smaller projects.

Course 113
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Building the use of the innovation work mat as a compelling business case

Paul Hobcraft

The leadership of an organization are the only one that has this mandate to decide the course to be taken, and then the market decides. ” It is harder to revive or effectively compete in today’s highly competitive global world. Strategy – we discuss the relationship between corporate design and innovation.

Design 319
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New Study: 2018 State of Embedded Analytics Report

Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.

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Thinking about innovation and strategy

Jeffrey Phillips

Of course, innovation can span a range of impacts and outcomes, from very incremental product innovation to industry changing business model innovation. Strategy is not a momentary action or a project. Innovation Definition Innovation, in its simplest form, is simply turning good ideas into some valuable action.

Strategy 219
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Understanding future conditions is vital to create innovative solutions

Jeffrey Phillips

I'm just wrapping up another project that's focused on trend spotting and scenario planning, working to help a client company understand the emerging competitive conditions their business will face in the next 5-7 years. Instead innovators plunge in to create the products and services they believe customers need.

Trends 190