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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. You need the ability to adapt to change, and innovate, faster. Why does pace of innovation matter?

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Crowdsourced Innovation: Three Things I Learned

IdeaScale

Here are the three things I learned about crowdsourced innovation from my two weeks working alongside everyone at IdeaScale. Innovation is Required to Be Competitive. According to the 2019 Crowdsourced Innovation Report , a company has an average lifespan of 33 years in the Fortune 500 in 1965.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Then we have that often-delusional aspect; where the organization has this total belief they are well ahead of their competitors and simply point to their financial performance as the justification that their innovation is superior when it is so many other factors that have determined that. Two reports recently came out.

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Reducing the friction around innovation

Paul Hobcraft

I was reading a report by the IBM Institute for Business Value’s “ Fast Forward: Rethinking enterprises, ecosystems, and economies with blockchains”. Well, I also believe these apply equally as innovation frictions. We still rely on an innovation process that is not fully connected up. Degrees of separation.

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Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

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Why Every Large Organization Should Decentralize Innovation

Idea to Value

If all that work is centralized to a single team, let alone a single person, they’ll be overrun with the day-to-day administrative stuff of communicating, reporting and sitting in meetings with people from all over the organization to try to get decisions made. That, however, is where the problem lies.

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Innovation Process Models: Tailoring Approaches for Success

Qmarkets

The same is true for innovation within an organization. Innovation process models serve as navigational charts, guiding businesses from idea inception to successful execution. What is an Innovation Process Model? What is an Innovation Process Model?