The Best Tools to Derisk Innovation

The Best Tools to Derisk Innovation

Innovation is vital for companies to stay competitive, but it is also extremely risky. To minimize risk and increase the chances of success, there are various tools available such as crowdsourcing, crowdfunding, open innovation, and business model tools like hackerspaces and Uber-style companies. While implementing these tools can be challenging, their success stories can be learned from and emulated. By managing risk and using the right tools, companies can increase their chances of success in innovation.

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More Innovation Resources:

Lack of Innovation Will Kill Your Business (2 Examples to Prove It)

Lack of Innovation Will Kill Your Business (2 Examples to Prove It)

Learn how lack of innovation led to the downfall of Nokia and Kodak, and how you can avoid the same fate in your company.

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Jobs-to-be-Done in the Customer-Centric Organization

Jobs-to-be-Done in the Customer-Centric Organization

Jobs-to-be-done (JTBD) is one of the most customer-centric things a company can do, according to an article in Innovation Management.

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What is a Disruptive Strategy? Why is it important?

Disruptive strategy focuses on making expensive or complex products or services available to a wider portion of people, which disrupts the market by uprooting established competitors. It requires innovative technology, a dynamic business model, and a conscious value organization. In this article, we will discuss the benefits of disruptive innovation.

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