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Innovate Forward

Leading Blog

They will use them to develop new products and services, to build new channels, to elevate their talent, to increase their business resilience, and to develop entirely new business models along the way. In cities, new 5G wireless networks will be the first generation of cell network designed to connect more than just phones.

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Innovation Requires a Bias Towards Action

LDRLB

There is often a huge lag between when we first see a new idea and when we really find out what it is good for – this is when we are working through business model innovation. The steam engine was initially seen as a device for pumping water from mines and only later as a power plant for movable ships or carriages.

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The Coming of the Clairvoyant Computer

Leading Blog

I've faced some tough challenges, such as which surgery to get, how to invest for my business, and even how to deal with identify theft. With so much stuff coming at me from all angles, daily prosperity relies on spam filters, Internet search engines, and personalized music and movie recommendations. These predicaments matter.

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How to Compete Like the World’s Most Innovative Leaders

Skip Prichard

Tesla’s genius and education led him to develop the foundations for electric induction motors, wireless telegraphy, radios, neon lamps, and remote control. But without the backing of the great entrepreneur and gifted engineer George Westinghouse, Tesla’s revolutionary inventions would probably have come to nothing.” [3].

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Is the Cost of Innovation Falling?

Harvard Business Review

Consider the recent phenomena of shoestring 3D design labs or the biofabrication labs at MIT , which are taking the plunge into synthetic biology with far fewer resources than the genetic engineers at government labs. Similar dynamics seem to apply in institutional and business model innovation.

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The Age of Social Products

Harvard Business Review

Appliances and engines now send alerts when they need to be serviced. What makes the Internet of Things possible is the confluence of multiple technologies: inexpensive sensors, wireless networks, and cloud computing. The Internet of Things is already expected to transform customer service , business models , and advertising.

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How to Transform a Traditional Giant into a Digital One

Harvard Business Review

It is the algorithms that will create value for the business. Sensors, the cloud, mobile and broadband wireless, and other such technologies are increasing the flow of digitized information exponentially. The new game is to think about the business model and strategy for not just the company but the entire ecosystem.