The rate of technological disruption has increased exponentially in recent years, shaking the foundations of countless industries. Insurgent organizations, agile young startups with nothing to lose, have entered markets with lower priced offerings that offer greater convenience, and left established giants previously thought untouchable in ruins.
What’s your mix of experiments for exploration and validation of a new business idea? More importantly, how strong is that evidence for understanding if customers will pay for your business idea? We explain.
In every sector, it’s possible to notice growing efforts towards innovation. More and more organizations do not take their market and own relevance for granted, and realize that some [widely applied] strategies to maintain and grow their businesses [like plain price competition, and aggressive portfolio expansion, among others] may incubate serious near and long term fragilities.
Test yourself with this word problem: Imagine you’re responsible for your company’s car fleet. You manage two models, an SUV that gets 10 miles to the gallon and a sedan that gets 20. The fleet has equal numbers of each, and all the cars travel 10,000 miles a year. You have enough capital to replace one model with more-fuel-efficient vehicles to lower operational costs and help meet sustainability goals.
Inequality is the defining social, political and economic phenomenon of our time. Just 1% of the world’s population now holds over 35% of all private wealth, more than the bottom 95% combined. Bad as this may seem, trends suggest that the situation will only get worse. Addressing it will involve multiple strategies working together, but one which is less well understood is how simple, affordable solutions to people’s problems can make a genuine difference from the bottom up.
The more we learn, the more we discover that innovation is vital to renew businesses of all sizes. Those that undertake significant innovation activities seem to grow and prosper. Those that neglect innovation seem to wither away. Executives understand this. More importantly, markets understand this. And when markets understand and signal something, executives get on board. Innovation, therefore, is an important component of future success of many companies, and executives understand this. That's the good news.
Design can be the difference between a product, service, or experience that alters the way people live, and something that is forgotten quicker than it took to develop. And a lack of design is precisely what some companies forget to implement when they have an innovative idea, leading to a failed innovation.
The fast pace of technological innovation combined with changing customer behavior is forcing a rewrite of the financial industry. The emergence of this incredible technological initiative and disruption, while initially seen as a threat to some of the traditional financial services firms, is starting to be seen as a benefit to the industry.
A company never creates value in isolation. There are always other companies involved in some way to realising and delivering the final product for the customer. Such value chains of companies optimise connections on their complementary capabilities, which enables each to focus on what they’re good at.
We know from experience that formal leaders influence the behavior of those in their chain of command. CEOs, lead scientists, general managers, and so on. But there's a difference between power and status — some leaders may have status and no power, while others just the opposite.
In the Dubai of 2050, the world looks both instantly familiar and utterly strange. Here, urban planning is driven by an omniscient AI installed at the top of a skyscraper; your smart bathroom mirror tracks your physical health; and you interface with the government through a personalized “genie,” a hologram in the form of a virtual Emirati gentleman in traditional garb. All of these future products are skinned in a particular visual aesthetic of friendly white-on-black animated icons like a minimalist, sentient version of Apple’s iOS.
This is the full speech by Peter Ho, former head of civil service, who delivered a lecture on governance in a complex world on Wednesday (Apr 19) as the Institute of Policy Studies' S R Nathan Fellow for the Study of Singapore.
Developing a prototype can help you to deepen your understanding of your invention or product. Getting an idea out of your head, onto paper, and into some sort of physical form helps you to visualize your invention and imagine what it would look like if it were a manufactured, finished product. Creating a prototype, however, definitely requires some elbow grease. Check out these tips for creating your perfect prototype without all the hassle.
The next generation of influential and savvy shoppers want new ways to pay for goods, are particular about where and how they shop, and display little loyalty to brands, according to new research  from Visa.What millennials really want: The changing face of the retail consumer
In the 21st century it’s harder for large corporations to create disruptive breakthroughs. Disruptive innovations are coming from startups — Tesla for automobiles, Uber for taxis, Airbnb for hotel rentals, Netflix for video rentals and Facebook for media.
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