• Balancing mature and emerging businesses

    by  • May 22, 2014

    Mature businesses typically attempt to grow by exploring new businesses opportunities. However, in their pursuit they often encounter structural problems which rise from diverse business needs, both in their existing operations and in potential emerging businesses. The existing business guarantees returns and emphasises efficiency, whereas emerging businesses demand innovativeness and are often under threat...

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    Searching for the 60 most promising startups in Europe

    by  • May 8, 2014

    OPENAXEL is an EC FP7 funded project that is looking for the best entrepreneur talent in Europe. They have organized  2 contests (one in year 2014 and the other in 2015) to select the 60 most promising startups all over Europe.  30 startups will be selected in each contest and they will receive acceleration...

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    Overview of ExtremeFactories’ Agile Innovation Process

    by  • April 28, 2014

    ExtremeFactories Innovation Process, which we call Agile Innovation Process provides an understanding of how to manage the Innovation Process within the organization in agile fashion as well as activities to be taken up to run this process successfully. Each stage of the process is outlined here. These phases are also reflected in our free-as-of-now...

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    Agile Innovation Process Manifesto

    by  • April 24, 2014

    Traditionally, a new product or service development and the preceding innovation process is conceptualized in a sequential and rigid formal process within the organization. However, present day customers demand more responsiveness from products and services. This renders traditional top-down product and service development methods obsolete. Therefore, we have developed an Agile Innovation Process, based...

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    Company as a repertoire of knowledge

    by  • April 7, 2014

    According to Knowledge-Based View (KBV) theory, knowledge is the most strategic resource of the company. This perspective models the company as a repertoire of knowledge residing in individuals and the reason firms exist is to integrate such knowledge effectively and efficiently for the production of services and goods. To facilitate such integration, knowledge transfer...

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    Assessing innovation environment of the company

    by  • April 1, 2014

    Govindarajan et al (2011) presents a very quick and easy assessment for analyzing the innovation potential of the company. Below we present their framework which we also use in ExtremeFactories’ innovation workbook to assess the company’s’ readiness to adopt innovation methodology. The framework asks to rate nine elements for your company from 1(poor) to...

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    ExtremeFactories Partner is organizing ICMA Innovation Award

    by  • January 15, 2014

    Submissions for the V Innovation Award organized jointly by Vaibmu Oy and International Classified Media Association are now open. All classified media companies are allowed to participate, whether ICMA members or not. Just let us know what you are doing in the innovation arena. It’s that simple! The award is organized in cooperation between ICMA...

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    CloudSME Market Survey

    by  • November 28, 2013

    Our colleagues of CloudSME project are running a survey to find out the simulation needs of manufacturing and engineering companies. If you are a manufacturing SME you might be interested in runing this survey. There will be funding opportunities within this consortium for  SMEs piloting simulation software. You can learn more about the survey...

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    Strategizing global expansion

    by  • November 13, 2013

    We define six key factors which should be kept in mind while pursuing global expansion. Getting them ‘right’ is critical for for a successful internationalization strategy and they include: Strong rationale for global expansion and where to expand. Which activities to engage in when operating in a foreign country, in terms of value constellation...

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    Preferred mode of payment for technology/service licensing

    by  • October 30, 2013

    At Vaibmu, we recently conducted a survey-based research on uptake trends of value-added features by digital classifieds. We also asked C-level executives of leading classified and media companies worldwide how (and if) they would be willing to pay to outsource value-added features or services from a third party. As we know now, in contrast to...

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    Events, Manufuture 2013 (Vilnius,LT) and Horizon 2020 (Bristol,UK)

    by  • September 27, 2013

    The conference is the annual event of the European Technology Platform on Future Manufacturing Technologies (ETP ManuFuture). The main focus of the event will be to express the views of the ETP ManuFuture community on Horizon 2020 – the EU Framework Programme for Research and Innovation (2014–2020). The conference details can be found on:...

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