Strategy

Top 20 Innovation Articles of October 2017

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are October’s twenty most popular innovation posts: The Ideas ...

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What you can learn from my (first) startup failure…

What you can learn from my (first) startup failure - Innovation Excellencee

In 1995, I had an idea. Internet Telephony had just started. Internet connection was available only through dial-up modems, and not all the time. Voice quality was choppy, delayed, and calls were dropped often. Very few people knew how to use it, and you had to sit by the computer to place those calls using a microphone and speakers. You were more likely to ...

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Have You Tried New Ways to Innovate?

After relying on cost and operational efficiencies to grow the bottom line, many businesses are emerging from an innovation slumber post-recession. Now there is an imperative to refocus on organic growth. The importance of innovation in driving this growth is resurfacing to the top of the agenda. For many organizations, there are some radically new behavioural, structural and operational models of meeting this challenge are gaining popularity.

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Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

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Every Founder Needs to Answer This Question

Not being totally honest with yourself about this might be the biggest mistake you will ever make. “The freedom to make my own mistakes is all I ever wanted.” – Mance Rayder, Game of Thrones I have an eminently simple philosophy when it comes to business and life; no decision is a mistake if you can look back on it ...

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Want to Nail Pricing? Understand Market Dynamics First

Want to Nail Pricing? Understand Market Dynamics First - Innovation Excellence

Pricing is a game – one with asymmetric and imperfect information. So what does this mean for you? Basically, you’re very unlikely to nail pricing the first time. And even if you do come close, you’ll have to adjust as your product and market mature. While you’ll never get pricing 100% right the first time, there’s no reason you shouldn’t set yourself up for the best possible chance at success.

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