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Striking Gold: The $40m Idea Unearthed Through Crowdsourcing

Qmarkets

We recently caught up with Juan Fernando Correa, the Projects Analyst at Hochschild who is responsible for leading the company’s crowdsourcing initiatives. The post Striking Gold: The $40m Idea Unearthed Through Crowdsourcing appeared first on Qmarkets.

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Breakthrough Innovation: A Guide to Game-Changing Ideas

Qmarkets

How It Differs from Other Types of Innovation Oftentimes, breakthrough innovation is used interchangeably with radical and disruptive innovation. Radical innovation involves entirely new technologies or concepts that lay the foundation for future industries. However, there are some important differences.

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Disruptive Innovation: Definition, Examples, and Best Practices

Qmarkets

While some innovations introduce groundbreaking technologies or incremental improvements, disruptive innovation stands apart by transforming markets and displacing established players in unexpected ways. These collaborations reduce the time and risk associated with innovation.

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What is Value Innovation? Examples, Process, & Best Practices

Qmarkets

How Idea Management Fuels Value Innovation Balancing cost reduction with differentiation requires bold, unconventional thinkingbut generating truly breakthrough ideas is a challenge. Many companies focus too much on incremental improvements, missing opportunities for radical innovation that could redefine their industry.

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The Pressing Need to Link Risk into an Innovation Strategy- part one

Paul Hobcraft

“The problem is that an organization’s capacity for innovation stems from an innovation system: a coherent set of interdependent processes and structures that dictates how the company searches for novel problems and solutions, synthesizes ideas into a business concept and product designs, and selects which projects get funded.

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15 most important Innovation Theories your company should be using

Idea to Value

10 – Open Innovation, Crowdsourcing and Idea Management. However, recently there have been a number of startups providing a software solution to enable companies to set up innovation challenges, have thousands of people submit their ideas, and then evaluate and manage these ideas in a more structured way.

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Building upon the four essential pillars for innovation

Paul Hobcraft

The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radical innovation outcomes. So the article “ Want to Win at Business Model Innovation?