An Innovative Necessity: Staying Nimble Keeps Companies Ahead

Large, well-established industry leaders are losing market share to a wide array of smaller, nimbler start-ups. Reduced labor costs from outsourcing, social media tools for less expensive, more targeted marketing, and enhanced internet-supported distribution channels all lower competitive barriers and create a compelling climate for new entities. New businesses are often more efficiently run and react faster than larger, corporate entities. Can market leaders re-establish their position by taking a page from the upstarts’ playbook? Does a company make investment decisions on complex analytics or go with gut instinct? Which strategy works better — start with customer preferences or introduce a product or service that redefines their needs? How can establishment players foster and embrace innovation within corporate culture?

Festival: 2015

Watch and Listen: Economy

We are on the cusp of a sweeping revolution — one that will change every facet of our lives. The changes ahead will... See more
Nothing demonstrates that health is an industry ripe for growth and change more clearly than the enthusiastic... See more
Senator Chris Coons (D-DE) is actively working with Republicans to foster innovation and competitiveness. He is eager... See more
A wide-ranging discussion of administration priorities for roads, bridges, and other complexities that challenge the... See more
By 2055, it is estimated that 50 percent of today’s work activities will be automated. This means that some work will... See more
Some suggest we are well into a fourth industrial revolution — a time of significant and fundamental shifts in the ways... See more

Pages