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    Balancing mature and emerging businesses

    by  • May 22, 2014 • Business model, strategy • 0 Comments

    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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    Overview of ExtremeFactories’ Agile Innovation Process

    by  • April 28, 2014 • Innovation methodology, Innovation Series • 0 Comments

    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 • Innovation methodology, Innovation Series • 0 Comments

    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 • strategy • 0 Comments

    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 • Innovation methodology, Innovation Series • 0 Comments

    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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    Strategizing global expansion

    by  • November 13, 2013 • Business model, strategy • 0 Comments

    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 • Business model, strategy • 0 Comments

    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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    Get a free weekly ticket for Campus Party 2013 London with us

    by  • July 29, 2013 • Campus Party 2013 UK, Meet ExtremeFactories • 0 Comments

    One of Europe’s biggest technology festival Campus Party Europe 2013 will take place at The O2 in London on 2-7 September. ExtremeFactories European Project (www.extremefactories.eu), will participate in the event and is willing to invite students, programmers, enterpreneurs or people enjoying technology to be part of ExtremeFactories community and enjoy the event. We offer weekly...

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    Classifying innovations

    by  • July 8, 2013 • Innovation methodology, Innovation Series • 0 Comments

    The word innovation is often used to define novelty and it could refer to anything. This makes is complicated to comprehend what is actually innovation means for the company. Therefore, to make it more concrete, innovations are often categorized along several dimensions to provide better understanding of the phenomenon. Such a classification not only...

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