Competing through innovation - Innovation strategy
7 important questions on Competing through innovation - Innovation strategy
How to describe the modern market?
- Reinvention – in the creation of new business models that make traditional ways of doing business obsolete as routes to delivering and sustaining superior customer value
- Renewal – in the strategies of change and repositioning by companies whose business models have become outdated, as they rebuild and respond to change. Increasingly the priority is not just short-term performance but building the robustness to bounce back, to change, to survive, to turn things around.
What issues are highlighted by radical change?
- Cannibalization – the resulting forces that drive successful companies to compete with themselves.
- Value innovation – the companies that pioneer change with increasingly perverse customers
- Big ideas – nurturing the big ideas that will change an industry
- Innovation networks – the shift in managing innovation to open business models and cross-boundary collaboration.
- Globalization – may be one of the most importance sources of radical innovation.
What is disruptive innovation?
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What is proactive cannibalization?
What is meant by 'Big ideas'?
What is an innovation network?
1. A cooperative mind-set
2. An ability to span boundaries
3. A successful igniting of purpose
Why is globalization a part of innovation?
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