Exploring and Exploiting for Innovation (Part 2)

Exploring and Exploiting for Innovation (Part 2)

The history of explore and exploit has evolved with increased exploration, more intense competition, and the shift of exploitation from government to businesses. Since the advent of the Internet, exploration has become simpler and businesses can create new business models more quickly. However, most corporations still cling to the past understanding of explore and exploit. Businesses must invest more time and focus on exploration, in many fields and opportunities simultaneously, and accelerate their product or service time to value.

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More Innovation Resources:

What Great Leaders Know About Top Down Management – Planview AdaptiveWork

Leadership is crucial in determining productivity and morale. A great leader knows when to use the top-down and bottom-up management approaches.

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Leading Innovation Through Questions – Why You Should Ask Questions and Not Provide Answers

Asking questions is crucial for promoting creativity and critical thinking, yet many organizations focus on efficiency rather than effectiveness. Managers should communicate through questions to empower employees and nurture innovative thinking.

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Innovation challenge: How to organize your own competition

Organizing an innovation challenge is a powerful way to generate new ideas. In this article, we’ll take you through the steps of organizing your own competition.

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