What are strategies for encouraging innovation? How are smaller markets beneficial for innovators? Encouraging innovation is a complicated task. You need sufficient opportunities for selling your new product, but going too big too soon is also challenging. Read more about encouraging innovation.
How does disruptive innovation work? What is it that makes an innovation disruptive? A disruptive innovation can open a new market you didn’t know existed. How does disruptive innovation work? By being the first to do something new and taking over the new market. Read on to answer the question, “how does disruptive innovation work?”
What are some examples of customer-driven innovation? What themes do you see from customer-driven innovation examples? Customer-driven innovation examples are cases where new developments were based on customer needs and wants. Innovations that do well with existing customers in a given industry usually offer a meaningful change in convenience. Read on for some customer-driven innovation examples that did well based on convenience.
What are the principles of innovation? What do the principles of innovation look like in practice? The 6 principles of innovation are used to navigate new and disruptive technologies. A thorough understanding of how these work in practice can help you confront disruptions. Read on for an application of the 6 principles of innovation using automobile technology as a case study.
What is the history of steel? What are some examples of disruptive steel innovation? The history of steel innovation includes the emergence of minimills. This disruptive innovation focused on low-quality, low-price steel products and was able to carve a successful place in the industry. Read more about the history of steel and steel innovation.
What are the keys to understanding innovation? Are there questions you should be able to answer? Understanding innovation is a process that requires you to think about the established markets and how they can be disrupted. Innovations build on product life cycles and can bring meaningful success. Keep reading for 22 questions for understanding innovation, grouped by key topic area.
What are some case studies in innovation? How do different case studies in innovation teach important lessons for businesses? Case studies in innovation can come from any industry. One of the most robust case studies in innovation is the disk drive industry, which saw several disruptive innovations over the years. Read on for one of the interesting case studies in innovation.
What are the advantages of a big company vs. a small company? How do the benefits of small businesses come into play when innovating? The big company vs. small company analysis comes down to what you’re looking for. In terms of creating disruptive innovations, the advantages of small companies include agility and lower ongoing costs. Read on to understand the comparison of big company vs. small company for disruptive innovations.
What is an economic system? Why is an economic system necessary? An economic system is a system that applies specifically to the economy. There are many types of economic systems, but these complex systems are necessary for success. Answer the question “what is an economic system” by reading about how these systems work and why we need them.
What are disruptive innovations? How does disruptive innovation theory influence business strategy? Disruptive innovation theory is a concept that explains how the emergence of new, groundbreaking technologies can shake up entire industries. Even the big, established companies can be taken down by disruptive innovations. So, what are disruptive innovations? Read on to learn more about disruptive innovation theory and its implications.