An invention is an entirely new creation. The process of business innovation can produce an invention. However, the term is broader in scope and includes the application of an existing concept or practice in a new way or applying new technology to an existing product or process to improve upon...
Netflix adding a streaming movie serviceto gain a competitive advantage in a new market is an example of opportunistic business transformation. The radical changes some companies had to make tosupport remote workin the wake of COVID-19 restrictions represented responsive business transformation. The r...
This often reflects business managers' perception that taking undue risk on a project will attract management's attention and, ultimately, disapproval.Jean-Philippe DeschampsBeebe NelsonJohn Wiley & Sons, LtdDeschamps, J-P. (2012). What is innovation governance?, IMD Series on Innovation Governance...
Through a series of exclusive interviews with some of our business leaders and changemakers, Clairfield’s Outlook 2024 explores “What happens next” across all sectors. At the heart of these interviews is an emphasis on sustainability and ESG practices, leading towards a brighter and more ...
To fine-tune the transformation, business leaders will need to understand generative AI impacts at a task, skill and job level, and then create a talent management strategy that allows people to deliver value to the business in a new way. Already leaders are plotting their course. We ...
What is SCM (Supply Chain Management) Software? (1:47) We now live in a time of unprecedented global business and trade, not to mention continual technology innovation and rapidly changing customer expectations. Today’s bestsupply chain strategiescall for a demand-driven operating model that can...
Only constant innovation makes growth possible, the kind of growth that benefits investors and society more widely. The great companies are those that embrace new technologies and business models to expand existing markets and to create new ones. So rather than fixating on how a company or nascent...
and you will discover that it is a complex juggernaut of strategic business decisions, innovative processes, and adaptive growth. Today, we will explore the inner workings of McDonald's, emphasizing what makes this company not only special but a beacon of success in the consumer goods and resta...
29 What point is made about Tesco's Greener Living programme? A It did not require Tesco to modify its core business activities. B It succeeded in attracting a more eco-conscious clientele. C Its main aim was to raise consumers' awareness of environmental issues. ...
From improved diagnostics for sleep disorders to better technology that tracks sleep quality, innovation is playing a key role in shaping the future of sleep health. As awareness grows, so does the push for policy changes, such as later school start times for teenagers, restrictions on mandatory...