competitive edge

Tips for Established Businesses to Survive the Startup Surge

So much has already been said about what smaller, fresh companies need to do in order to gain a competitive edge in a well-developed market, but how often do you think about what those well-established businesses should do to achieve the same?

How Big Data is Sure to Give Your Business a Competitive Edge

Just like oil became a valuable commodity in the 20th century, data is also proving to be priceless to companies and business organizations in the 21st century. Data analysis specialists have projected that by the end of 2020, business enterprises will have data amounts equivalent to 44 zettabytes, or 44 trillion gigabytes.

Innovation Simplified

Organizations rely on innovations to sustain competitiveness. Managers often talk about innovations. Some use it as an ornament. Perhaps innovation is the mostly abused word by organizations and practicing managers. There are dozens of definitions for the word innovation.

6 Benefits of Ongoing Employee Development

In many organizations, work is pretty consistent and predictable: go into the office, perform your tasks, and go home. Many people spend years doing their jobs without much advancement or ongoing career development.

How Business Intelligence Software can Help you Increase Operational Efficiency

Business Intelligence software is an essential tool for analyzing your company's strengths and weaknesses. From inventory management, to accounting, to customer intelligence and beyond, there are many ways you can use BI software to inform your decision-making, increase operational efficiency, and gain a competitive edge.

How to Keep it Simple and Generate Better Results

You can make it as complex as you like, but what really matters in innovation is the simplicity of management and only a minimum amount of bureaucracy. Innovation management is in many aspects different than regular business operations (less predictable, riskier), but in many aspects it is very much alike (basic management practices).

Social Media Reinforce the Competitive and Innovative Abilities

Last week, the Dutch Financial Times reported that the Netherlands moved up to the seventh place in the yearly competitiveness index by the World Economic Forum (WEF). To close the gap with the top five, social innovation needs to be tackled. Not only raising R&D budgets, but also better innovation management and work smarter.

Boosting Innovation by Integrating a Gender Perspective

Why does gender diversity matter when it comes to product and service innovation? What has research shown? And what does hard-won experience tell us? This article shows how businesses gain a competitive edge by integrating a gender perspective into their innovation work – a much needed boost as global competition becomes increasingly tough.

How to Engage SMEs in Innovation Networks- Lessons from the Dutch campaign FuturizedBusinesses

Current public innovation support often fails to activate a significant group of SMEs. As a result, the innovation infrastructure is not utilized to its true value and capacity by a key constituency – small and growing companies. Not-for-profit intermediary Syntens initiated a campaign “FuturizedBusinesses” with Regional Development Agencies and the Chambers of Commerce to tackle this. Here's what we learned.

How to Manage in the Age of Turbulence

In times of global turbulence the role of innovation is more important than ever. InnovationManagement spoke to global strategist John Caslione who, together with marketing guru Philip Kotler, recently published their new book CHAOTICS: The Business of Managing and Marketing in The Age of Turbulence.

Collaborating Downstream in Emerging Markets

Not so long ago, internal R&D activities were considered one of the most valuable assets a company could have. The rather “outmoded” concept of closed innovation, in contrast to open innovation, was built on self-reliance and on the principle that successful innovation required control and secrecy.

Co-Innovating for the Future

Realising the limitations of their own knowledge, and internal R&D capabilities, an increasingly high number of companies are currently making the decision of partnering externally to develop new technologies. Companies’ interactions with their business partners or even competitors are becoming more and more frequent.

Reinventing Knowledge Management to Innovate

There has been a shift from the emphasis on what people called the “information value chain” to “knowledge value chain” for quite some time. The environments are shrewd and unpredictable in this world of growing competition and rapid technological progress. The information value chain just served as a database of “best practices” whereas “knowledge value chain” emphasizes on the active sense making of human beings handling business.

Successful Approach for Improving Innovation Management for SMEs

It's a well known fact that Europe's competitive potential is dependent on the capacity to be truly innovative and creative in launching new successful products and services. This can be a daunting challenge for many organizations, not the least for small and medium sized enterprises that often lack proficiency in innovation management. IMP³rove is an approach developed especially to meet the needs of SMEs to help them develop innovation management performance with sustainable impact.