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

    by  • July 29, 2013 • 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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    Bring your Ideas to Life

    by  • July 8, 2013 • 0 Comments

    In this economic crisis, companies need to be more innovative and creative to make sure that they possess a competitive advantage over their rivals.  To support companies to enhance their creativity and use creative processes to develop innovative ideas, and turn these ideas into products and services, we are developing the ExtremeFactories innovation management...

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    Classifying innovations

    by  • July 8, 2013 • 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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    Innovate lonely or collaboratively?

    by  • June 27, 2013 • 0 Comments

    This question is faced by almost every innovative firm at some point. While collaboration speeds up the innovation process, reduces the risks and costs but at the same time it also reduces control and rewards compared to doing it alone. When it comes to collaboration there are several choice namely: Strategic alliances, joint venture,...

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    Agile innovation process and the platform

    by  • June 20, 2013 • 0 Comments

    The multiple definitions of innovation suggest three core stages in the Innovation Process: Idea Generation, Implementation (technology development and manufacturing) and Marketing of the product or service.  However, when we look at the innovative companies we find that they have a culture which differs from the non-innovative ones. The setting of a suitable culture...

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    Is listening to consumers a prerequisite for innovation?

    by  • June 12, 2013 • 0 Comments

    Professor Eric Von Hippel in his book ‘Sources of Innovation’ highlighted an interesting phenomenon, he found that sources of innovation vary considerably amongst different industries (Hippel, 1988). Innovations in some industries were mostly developed by the users whereas in others by suppliers or manufacturers, as illustrated in the table. This implies that industry characteristics...

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    The ‘agile’ way of innovation

    by  • May 28, 2013 • 0 Comments

    The concept of “Agile” was developed in the field of Software Development. It emerged when the field was dominated by traditional heavy weight approaches which were rigid in the development process and therefore were slow in reaction to changing market demands or customer requirements. Although, the practice is widely used in software development, its...

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    How to determine an optimal strategy choice

    by  • May 22, 2013 • 0 Comments

    In the process of strategy formulation a company is often faced with multiple strategy choices. These are all based on thorough strategy analyses of the external environment as well as its internal situation. A key question then is how to choose amongst several strategic choices available to the firm. A logical path would be to choose the one(s)...

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    Reflections on succession and growth in family businesses

    by  • May 13, 2013 • 0 Comments

    Growth is tricky in family owned businesses and is quite different from corporate growth. Family and business overlap can be very dangerous, if not managed carefully. Because one is typically emotionally driven and subconscious whereas the other is task based and conscious. When a sudden leadership vacuum is created (e.g. by illness or death)...

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