Tuesday, September 22, 2020
Just imagine! What if a retailer could know that a consumer is buying his competitor’s products and sends the consumer a huge incentive to buy his? Or What if the retailer can know the product condition by using smart fridge and smart...
“Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.” Henry Chesbrough, Open Innovation: The New Imperative Open innovation reduces the cost of conducting research...
Bitcoin disrupted the financial industry by building a virtual bank that operates with help from no intermediaries. This is made possible by its underlying technology, the blockchain. Since blockchain increases transparency and accountability, other industries started adopting it. In...
“Large companies typically fail at disruptive innovation because the top management team is dominated by individuals who have been selected for delivery skills, not discovery skills.” THE INNOVATOR’S DNA,CLAYTON M.CHRISTENSEN The book which deeply influenced Steve Jobs, Innovator’s Dilemma explains how...