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What is Disruptive Innovation? Disruptive Innovation is a framework that describes how new products or business models can transform industries by offering simpler, more affordable, or more accessible alternatives to existing offerings. Disruptive Innovation is not just about technological breakthroughs.
Five Forces Model: A Practical Guide for Strategy Projects The Five Forces Model , developed by Michael Porter , is a strategic framework that helps organizations analyze the competitive forces shaping an industry. A well-implemented Five Forces strategy helps organizations: Understand competitive pressures and market structure.
What is a Strategy Uncertainty Map? Strategy Uncertainty Map: A Practical Guide for Strategy Projects A Strategy Uncertainty Map is a structured framework used to assess and manage uncertainties that could impact an organizations strategic decisions.
Contingency Planning: A Practical Guide for Strategy Projects Contingency planning is the process of proactively preparing for potential risks, disruptions, or crises that could impact an organizations operations, strategy, or financial stability. Develop response strategies to mitigate or recover from those risks.
Critical Success Factors: A Practical Guide for Strategy Projects Critical Success Factors (CSFs) are the key areas of performance that are essential for an organization to achieve its strategic objectives. These factors determine whether a business succeeds or fails in its industry and serve as a foundation for effective strategy execution.
The 70-20-10 Innovation Rule is a strategic framework that guides organizations in allocating time, budget, and resources across three categories of innovation: core, adjacent, and disruptive. By using this model, teams can: Prioritize projects based on impact and alignment with strategy.
It provides a structured way to analyze macro-environmental elements such as market trends, regulatory shifts, technological advancements, and customer behavior. It helps organizations assess what is changing in the environment around themand how those changes affect strategy, decision-making, and execution.
SWOT Analysis: A Practical Guide for Strategy Projects SWOT Analysis is a strategic planning framework used to evaluate an organizations internal strengths and weaknesses as well as external opportunities and threats. Key benefits include: Enhances decision-making Helps organizations develop well-informed strategies.
Mullin’s Seven Domains Model: A Practical Guide for Strategy Projects The Seven Domains Model , developed by John Mullins , is a strategic framework designed to help entrepreneurs, business leaders, and investors evaluate the viability of a new business venture or strategic initiative. Lead Successful Strategy Projects!
Competitive Analysis: A Practical Guide for Strategy Projects What is Competitive Analysis? Competitive Analysis is a structured framework that enables organizations to evaluate their position in the market by assessing competitors strengths, weaknesses, strategies, and performance. What is Competitive Analysis?
Kays Distinctive Capabilities Framework: A Practical Guide for Strategy Projects Kays Distinctive Capabilities Framework , developed by John Kay , is a strategic model that helps organizations identify and leverage their unique competitive advantages. Develop strategies based on strengths that competitors cannot easily replicate.
S-Curve Mapping is a strategic innovation tool used to understand the evolution and performance trajectory of technologies, products, services, or entire industries. By mapping where a product or technology lies on the S-curve, organizations can better allocate resources, decide when to innovate, and anticipate market transitions.
It is particularly useful in situations where assumptions outweigh factssuch as launching a new venture, developing disruptive products, or entering unfamiliar markets. Traditional business planning often breaks down in environments where customer needs, market dynamics, or technical feasibility are not yet fully understood.
“Why do we always seem to have internal difficulties to self-disrupt?”. In most cases, organizations cannot self-disrupt, which is largely covered by this veritable list of constraints. Do you think these are the “prime” inhibitors to why your organization seems incapable of self-disrupting?
This may upset a lot of startups or innovation teams who feel like it is their duty to look to the future and pull their company into new disruptivetechnologies. And the biggest drop is in what proportion of projects will be for transformational innovations. However, it might be the right thing to do.
Do you know what disruptive innovation is? No, I am not talking about every start-up trying to disrupt their industry. I am talking about the original theory of disruptive innovation, as outlined by Professor Clayton Christensen in his groundbreaking Harvard Business Review article in 1995.
In our minds, technology and innovation are interconnected. However, for every technological advancement, there seems to be a learning curve or adjustment period as we try to figure out how to implement automation into our daily lives. Technology: One Step Forward, Two Steps Back? source: pixabay.com. 1 The Devil in Design.
Unlike incremental innovation, which optimizes what already exists, White Space Innovation pushes organizations to look beyond conventional strategies and explore new territorywhile still aligning with their core mission and values. Key industries, technologies, or capabilities to build upon. Decision points for go/no-go reviews.
This technology can be applied across various stages of innovation, from idea generation to product development. Maximizing ROI with AI-driven Investment Strategies Maximizing your return on investment (ROI) is crucial for the success of your innovation projects.
The Hidden Challenges of Corporate Venture Capital (And How to Overcome Them) Corporate Venture Capital (CVC) groups have grown in popularity as a vehicle to drive disruptive innovation and growth. Our unique approach to technology scouting, partner identification, and expert engagement is designed to: Keep the innovation pipeline full.
Without a structured approach, organizations risk disruptions, resistance, and unforeseen challenges that can derail change initiatives. Measurable Outcomes: Establishes success criteria, enabling teams to track progress and refine strategies as needed. Aligning the goals with the broader business strategy.
Technology discovery and scouting are essential activities for enterprise innovation programs and R&D departments to identify emerging technologies, startups, and market trends that can drive competitive advantage. Ezassis technology discovery services are designed to uncover these opportunities through tailored research programs.
We need to reframe disruption to increase the possibilities for game-changing inventions and innovations to succeed in an uncertain and unstable future. The crucial first step in managing this is to accept responsibility for recognising and disrupting your internal structures, mental models, mindsets, and habitual behaviours.
The Evolution of Product Development Product development has transformed significantly over the years, adapting to changes in consumer behavior, market demands, and technological advancements. Agile product development is a powerful approach that can help you navigate the complexities of today’s disruptive world.
Airbnb disrupted hotels. Now big travel and hospitality companies are going after the next disruptive innovation themselves before getting blindsided yet again. As part of a new series of articles I’m writing called Everything Transformed , I’m focusing on the widespread disruption of just about every industry on the planet.
“Decoupling” the value chain is the next big strategy for digital innovation and business models. Digital disruption isn’t just about the internet or mobile technology. Teixeira says the seeds of digital disruption originally started with unbundling as the internet became widely accessible.
A growing reality might be that many people will be forced to stay at home until a vaccine is found, due to their risk of infection. The previous reliance on showcasing their latest products or technology will be less at physical events but in digital environments through a range of social mediums. Guardian Article.
In this edition, we speak with Matthew Lieberman who is the Chief Marketing Officer of PwC US/Mexico and an innovative executive at the crossroads of marketing, media, and technology. ML: I am so excited about utilizing emerging technologies—these are key to our transformation. How we then apply this to our marketing strategy is key.
However corporate innovation is often the most complex and challenging due to its scale and scope. Many organizations face difficulties in establishing effective innovation programs, often due to misaligned strategies, unclear processes, and inadequate tools. What emerging trends or disruptions could your company capitalize on?
Companies don’t fail at innovation due to lack of ideas. That’s because they try to apply processes and structures that don’t fit their business strategies and cultures. They partner with Silicon Valley startups who have breakthrough technology when they really just want incremental innovation that delivers quarterly results.
Horizon Two is the mid-point between “incremental’ change in Horizon One and “disruptive” change in Horizon Three. Companies innovating with this horizon anticipate “breakthrough” innovation, usually extending a known technology into a new market, or introducing new technologies or capabilities into the existing marketplace.
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. There are great many companies and leaders that obsess about their market share, competitors, or technological prowess. Customer obsession.
Conduct Regular Risk Assessments: Identify potential risks early and develop mitigation strategies. Proactively Managing Risks: Identify potential risks early and develop contingency plans to navigate challenges with minimal disruption. for Document Preparation and review: A.I. Now, lets delve into why they fail.
Organizations have been plagued in the last two years by major shifts that have disrupted business and threatened their profitability. Dealing with the loss of family and friends due to the pandemic and the mental health impact of the health crisis forced many workers to rethink their whole life vis-à-vis “work.”. employers $36.4
I was on a conference call recently, discussing an upcoming keynote that I'll deliver to a academic-federal government program meant to accelerate new technologies from basic research into the market. One participant talked about the role that large corporations could play, and sometimes do play, in commercializing new technologies.
Introduction to New Product Development In an era marked by rapid technological advancements and shifting consumer preferences, the ability to innovate and execute new product development (NPD) effectively is a cornerstone of business success. At its core, design thinking involves five phases: empathize, define, ideate, prototype, and test.
How often are they missing the strategic mark due to their inability to find that innovative pathway? If you are not seeking out a different, more disruptive or new business design, then you are eventually serving your shareholders poorly. Strategy – we discuss the relationship between corporate design and innovation.
The Innovation & Strategy Conference , held November 14 th in the hip-while-retro Innovation and Design Building in the Seaport area of Boston, offered attendees insights to corporate innovation from a wide variety of perspectives. The term is really not so new, as David Isenberg wrote about it in the Harvard Business Review back in Nov.
Introduction to Strategic Thinking in Business The Importance of Strategy in a Disruptive World In today’s business environment, disruption is the new norm. A well-crafted strategy can serve as a compass, guiding your organization through the complexities of a disruptive world and towards sustained success.
Sometimes, companies approach us with requests like “I have developed a new technology but how do I build a business around it?” or “Our technology is superior to our competitors’ – why don’t our customers see that?”. Hence, it is not surprising that many of the world’s leading companies reportedly work on integrating this technology.
Then disruption suddenly hits. Technology trends lay in the seventh position in this “biggest strategic challenges.” Both, for me a little damming for preparing for a disrupting world or positioning innovation as the future catalyst for growth. The other valuable point for me was another insight from the survey. “
They have taken the view of closing the strategy- execution gap. Their approach to solutions are designed to keep strategy visible and continuously aligned with operational execution throughout the initiative life cycle and in my opinion that becomes vital to push as hard as they can. For me, Sopheon has the right vision.
The best strategy & innovation books deliver new insights, examples and tools for reinventing business. I’ve recently written about the disruptive change and innovation upending markets like product packaging, travel and hospitality, management consulting, construction, healthcare, and manufacturing.
This article explores what value innovation is, how it fits within blue ocean strategy, and real-world examples of how companies apply it. Well also break down the steps to implementing value innovation and examine how idea management and technology scouting can accelerate its success. What is Value Innovation?
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