Tag Archives: Innovation Strategy

A Model for Dual Corporate Innovation Management

As rightly pointed out by Tim Kastelle recently, it’s imperative to distinguish discovery from execution when it comes to startup and innovation activities – bearing in mind that both purposes are complementary and equally important. Along with the case made in my previous post, this suggests following a dual approach to balanced corporate innovation management. The main objective of dual approaches is to sufficiently separate exploration-/discovery-oriented initiatives from exploitation-/execution-oriented ones ...

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The Case for Dual Innovation

The Case for Dual Innovation

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years ago. At this time it became pretty obvious to me that this concept – academically worn-out but deficiently or not at all put into practice in most organizations – would be of increasing importance in the time to come. ...

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Innovating Your Way out of the Commodity Trap

The commodity trap is a significant threat for manufacturers in premium market segments. It describes the tendency of competing products to become more and more similar, thus nullifying any competitive advantage that the high-end product might have had. The result is that products can only be sold on price, which can be disastrous for a market leader.

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Nudity, Great Food and Disruptive Innovation

Both Playboy magazine and restaurateur Danny Meyer have been in the news this week for disruptive business model innovations that challenge deeply help assumptions within the respective worlds. Disrupting yourself in risky, but can be a hard necessity if the world you operate in is changing in ways that leave you vulnerable to external disruption. However, how many businesses would be able to embrace this kind of reinvention of their business models? When was the last time you confronted you hidden assumptions and 'givens'.

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