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Innovation
Landscape™ lessons
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Why
net startups scare big guys
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'Normal' companies invest in product development first and then think
about the secondary innovations that would boost its value. Startups
like E*Trade and Quicken are doing something quite different: they start
at the fringes of the model, thinking first about business models and
customer experiences, then move inward to plan products, services and
processes.
Why
customer experiences may be more important than you think
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Airlines today are experimenting with alliances and other kinds of
innovations more than ever before. Yet it may be this emerging category
of customer experiences -- shaped by the efforts of companies like Southwest
Airlines and Virgin -- that brings this industry into its next era.
We believe this to be characteristic of any industry that has emphasized
process efficiencies to the exclusion of customer experiences.
Why
even innovative industries are ripe for upsets
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As an industry ages, it typically over invests in one or two categories
of innovation while often ignoring others. For computers, price/performance
ratio became the blinding preoccupation and research money pit until
Apple surprised everyone with its customer experience wallop in the
form of stylish iMacs that easily connect to the Internet.
Why an
innovation system gets better results
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| E*trade is bucking the industry curve; Citigroup
is perhaps placing multiple bets and may need more innovation insight.
As innovation becomes more possible, more necessary and more difficult
than ever before, it requires the entire enterprise's participation in
order to succeed. It is possible to create conscious, systemic plans to
do this. |
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