The need for Transformational Innovation

The need for Transformational Innovation

Incremental innovation is no longer enough for organizations to survive in today’s constantly changing markets. They must embrace transformational innovation, which involves dismantling the core and creating something fundamentally different. This requires bold leadership and a compelling narrative to convince people to change. The narrative should engage the full analysis of the changing landscape, recognize the need for new competencies and skill sets, and provide a clear direction towards a new customer logic and value. Organizations must become the hunter, not the hunted, by seeking distinctive, radical, and disruptive innovation outcomes.

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More Innovation Resources:

Discovering Innovations: Insights From Silicon Valley

Interview with Philipp Schett, Director of Strategy and Innovation Consulting at Detecon Silicon Valley Office, on the importance of environmental scanning and the role of software solutions.

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The importance of transformative business models for innovation: How to create one and why

The importance of transformative business models for innovation: How to create one and why

Transformative business models are crucial for innovation, and creating one can benefit an organization in terms of competitive advantage, higher returns, brand recognition, increased growth, and better productivity.

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Design Thinking Courses In India

Design Thinking courses in India are gaining popularity for their human-centric approach towards problem solving. MIT ID Innovation offers a 1-year Design Thinking Program which is a perfect amalgamation of essential domains - Technology, Design, and Business.

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