Tag Archives: exploration

Winning the Explore and Exploit Game

So we come to the ultimate post on explore and exploit, at least for now. In past posts we’ve looked at the origin of explore and exploit, the emergence of true innovation explorers like Edison, Bell and a host of others. We’ve noticed the rise of the corporation to exploit the discoveries of said explorers. Last but not least we ...

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The Future of Explore and Exploit

In my last two posts I examined the origin of explore and exploit, and where it has taken us so far in the innovation space. In this post I want to explore why everything we believe about explore and exploit from a strategic and business model perspective is increasingly wrong, and what innovators and strategists need to do now in ...

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Exploring and Exploiting for Innovation (Part 2)

If you are following along, I’m writing a series of posts about the opportunities and challenges with the way we think about and implement the concepts behind explore and exploit. In my first post I wrote a short introduction to the topic. In that post I looked at the history of exploring and exploiting, which I’ll suggest comes from the ...

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Innovation Follows Culture Follows Structure

Once in a while you run into ideas which are refreshingly thought-provoking, while at the same time seeming to be resonating with your own view. This holds for the key statements in “Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries”, a worthwile new book by theoretical physicist and entrepreneur Safi Bahcall. Since its launch, ...

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Organizational Pathways to Business Model Innovation

For several reasons, such as disruptive threats, digitalization or blurring industry boundaries, established companies are increasingly forced to create new business opportunities, i.e. to come up with adapted or even entirely new business models. Moreover, developing a ‘business model innovation capability‘ seems particularly vital in the light of ever decreasing life cycles. Shrinking life times of established business models are tied to the fact that benefits of (digitally) transforming those ...

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Scaling Up Startups in Corporate Settings

In recent years, an increasing intensity in collaboration between incumbent companies and startups has been observed. Meanwhile, close to 80% of corporations and startups have already been or are collaborating. The mutual – actually complementary – benefits seem pretty obvious: Benefits for startups include availability of office space, hardware, networks, support and potential funding access to market and customer base ...

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Innovation Is Never One Thing (Actually It’s 3 Things)

What is the Foundation of Innovation?

Every entrepreneur dreams of having that single moment of epiphany where everything falls into place. Many search for their entire careers for that one big idea that will make the difference between incredible success and frustrating mediocrity. Few ever find it and many that do end up crashing and burning along the way. The truth is that innovation is never ...

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Startup Engagement in Corporate Innovation

Recently, Match-Maker Ventures and Arthur D. Little have released an interesting report, titled “The Age of Collaboration“. The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation. More and more corporations seek to engage with startups by pursuing corresponding activities across dedicated ecosystems and incorporating them in exploration units along with ...

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