A guide to Efficient Open Innovation
Benefits and challenges - A European perspective
An increasingly global business environment combined with rapid technological progress has changed the framework in which companies operate.
Business Model Innovation
Short-term competitive advantage is created by exploiting existing business models. However, in the long term, all markets mature, competition intensifies and turbulence increases. Consequently, new sources of growth must be explored, and fresh answers to enduring success must be found.
Put all your eggs in one basket
In dynamic business environments, innovation and development are often key capabilities that are needed to take advantage of the opportunities provided by changing conditions. The old saying ”Do not put all your eggs in one basket” has little value in such environments.
The Speed Dilemma
Imagine yourself being in charge of a company that delivers the best quality product to the market. You deliver faster than the competitors. You use less resources than the others. Employee satisfaction is skyrocketing. And best of all, you can spend the majority of your time developing your people and setting the strategic direction for your company.