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Tag Archives | innovation

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How Do We Drive Breakout Growth through Business Model Innovation (BMI)?

As core markets become saturated with new entrants and products, we find it more and more difficult to grow the core. In fact, the average growth rate in the core business is often less than half of the non-core areas. We find traditional approaches that have historically driven growth are reaching points of diminishing returns. […]

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Digital objects

5 Imperatives for Developing a Digital Factory Culture

Digitization helps boost revenue, enhance customer loyalty, and reduce costs.  Top digital companies not only improve customer journeys, they consistently revisit and streamline them.  A rigorous approach to Digital Transformation, referred to as the “Digital Factory,” demands a collaborative culture, agility, and controlled risk-taking. A Digital Factory integrates the capabilities, processes, and inputs to yield […]

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customer culture innovation 2

The Secret to Success in the Digital Age: Building a Customer-Centric Culture of Innovation

A large majority of organizations rarely focus on gathering and utilizing customer-centric knowledge.  So much so that they even introduce a product without having vital insights on the customer and their unmet needs, and they are often clueless about them.  Consequently, many product development initiatives fall flat as managers struggle to filter and evaluate ideas. […]

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Organizational Culture Re-defined: 5 Behaviors Critical to Creating an Innovation Culture

Inspiring breakthrough innovation in business models and solutions is becoming critical for organizations’ existence, as startups through their innovation have been consistently disrupting large organizations globally.  To foster innovation, the key ingredient is creating an organizational culture that encourages innovation in all spheres.  Every organization, today, aspires to nurture a culture of innovation where employees […]

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Good Idea

An Effective Methodology to Avoid Disruption: The 8 Pillars of Innovation

Almost every other day, startups emerge and disrupt established companies because of their innovative ideas and business models.  This disruption is, primarily, due to the reluctance of big companies to implement a series of strategic and organizational practices required to organize and inspire creativity. Large firms are, generally, better at implementation rather than innovation due […]

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idea innovation

The Secret to Unlocking Business Model Innovation (BMI)

Innovative technologies are sweeping away everything: organizations, work practices, offerings, hierarchies, and even business models.  Those days are long past when business models used to stay static for years to no end.  They are now under threat more so than anything else, since any technology-driven entrant can knock an established business model down in no […]

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Fourth Industrial Revolution: Integrating Schools and Industry for a More Innovative Society

Editor’s Note: Dr. Stephen Sweid is a pioneer of Breakthrough Strategy thinking.  He has published a series of training guides on the Breakthrough Strategy, which you can find on Flevy here.  Stephen has also been a guest on our podcast, Business Executive Interviews.  You can listen to his interview here.  Recently, Stephen has also published a comprehensive presentation on Multicultural Synergy. […]

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5forces

The Natural Evolution of Things (Part 5)

Editor’s Note: The Natural Evolution of Things is an in-depth is a 5-part series that describes 13 the catalysts of Organizational Change and Competitiveness, based on the theme of Michael Porter’s Five Forces. To read the full series, take a look at the author’s profile page found here. * * * * Continued from part 4… Technology […]

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innovation

The Truth about Driving Change and Innovation: What No One Tells You

The call for change and innovation is everywhere – and rightly so. Business environments seem to be getting slammed by a multitude of market, technology and competitive threats impacting how you do business. It’s often called “disruption”. There is much written about transformational leadership. They fill our book shelves, article after article and book after […]

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ironman

What Are Your Distinctive Capabilities That Cannot Be Replicated?

Developed by John Kay, the Distinctive Capabilities Framework captures those capabilities our organization has, which cannot be replicated by competition.  Through his research, he identified 3 such “Distinctive Capabilities:” Architecture Reputation Innovation These 3 capabilities are the source of superior performance and sustainable competitive advantage for successful firms. This framework was developed after extensive research by […]

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tqm

TQM: A Need for Speed of Innovation

The emergence of total quality management (TQM) has been one of the major developments in management practice. The recognition of TQM as a competitive advantage is wide spread around the world and today, very few (especially manufacturing) companies can afford to ignore the term TQM (Dean and Bowen, 1994). There are some arguments that support […]

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THE MARTIAN

The “Secret Sauce” of Creativity and Innovation

A few years ago, Kaggle, an online community of data scientists, posted a problem that was sponsored by NASA, the European Space Agency (ESA), and the UK’s Royal Astronomical Society. These agencies needed a new mathematical algorithm capable of parsing the distortions caused by dark matter in the photographic images of galaxies. Just ten days […]

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