What are the latest developments in government innovation?Innovation in government is about finding new ways to impact the lives of citizens, and new approaches to activating them as partners to shape the future together. It involves overcoming old structures and modes of thinking and embracing new technologies and ideas. The potential of innovation in government is immense; however, the challenges governments face are significant. Despite this, governments are transforming the way they work to ensure this potential is met.A global review of government innovationSince 2014, the OECD Observatory of Public Sector Innovation (OPSI), an OECD Directorate for Public Governance and Territorial Development (GOV) initiative, has been working to identify the key issues for innovation in government and what can be […]
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The Government of Canada publishes a first report of the Canada 2020 Innovation Project
ABOUT THE CANADA 2020 INNOVATION PROJECTWe know that to be competitive, Canada must innovate more — or risk being left behind. With this in mind, Canada 2020 launched its Innovation Project, devoted to studying and discussing Canada’s innovation agenda — the risks, the opportunities, and key factors involved in making Canada a more innovative nation.We launched Phase 1 of this project in June 2016, with our ‘Being Innovative’ event. We also convened a large team of Canadian policy makers, business and community leaders and innovators to examine how to make Canada a global leader in innovation.From these events, we developed an outline for the Canada 2020 Innovation Project: a plan to define and promote innovation in Canada through research, roundtable […]
[ + ]More TagMANUFACTURING INNOVATION: MARKET LEVERAGE AND STRATEGIC RISKS IN 3D PRINTING
As explained in the paper, 3D technologies were traditionally limited to the production of prototypes. However, this research has established that since 2013, the possibilities of small-scale production and for value-added parts has made their appearance into commercialization. On a more specific novelty of this research, the paper has focused on the dynamics of strategic scope in attaining competitive advantage in 3D printing sector. The paper adopts a tripartite approach by looking at product and service scopes, geographic scope and scope of competencies to help readers understand the emerging dynamics in 3D printing sector.
[ + ]More TagDISRUPTIVE TECHNOLOGY AND INNOVATION: MARKET LEVERAGE AND STRATEGIC RISKS IN 3D PRINTING
The 3D printing sector has enjoyed sustained double-digit growth in recent years, and it is realistic to forecast the sector to be worth more than $7.5 billion USD by 2020. There are clearly opportunities for the adoption of this disruptive technology in key sectors such as aerospace, medical devices and implants, power generation, automotive manufacturing, and the creative industries. Many companies have already assessed the disruptive technology or have begun using it on a small scale by defining their scope of extension to product scope, market scope, geographical scope and competence scope. Disruptive innovation is a powerful means of broadening and developing new markets and providing new functionality, which, in turn, may disrupt existing market linkages.
[ + ]More TagMULTI-SIDED PLATFORMS VALUE CAPTATION AND MONETIZATION STRATEGIES: A STRATEGIC MANAGEMENT PERSPECTIVE
The fundamental basis of all multisided business platforms is the value proposition offered to consumers, on one hand, and to business buyers, on the other hand, and so our starting point must be with the fundamentals concerning the management of value propositions. The competitive strategies of monetization and value creation include: Envelopment, overlapping, freemium, advertising and asymmetry information methods. In this paper, we allude that multisided platforms to play the role of resource integrators, involving consumers and business partners in a process of co-creation of value—an integrated, a networked business model. This is primarily due to a shift in the relative influence of different business stakeholders in the context of the business modeling of two-sided multisided platforms.Macrothink Institute – Business […]
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