By asking the CEOs of some of the most successful and influential companies in the world, such as GE and Google, a clear definition of innovation management emerges. The definition addresses the need to quickly and effectively implement organizational goals and objectives to remain competitive and the desire to strengthen advantages through the adoption of innovative ideas, products, processes, and business models. Enterprises facing increasing competition and the pressure of technological innovation are beginning to realize that to drive organic business growth and maintain a competitive advantage, they need to discover and implement innovation quickly and with great care to ensure maximum value. One-off innovations are moderately easy to take advantage of, but to create a pipeline of Read more
Posts Tagged 'Competitive Advantage'
A situation that I and various consultants in the Cutter Agile Practice are often exposed to is a pressing need to reduce technical debt. A prospect calls with respect to some software assets that have ceased to perform adequately. What we almost invariably find once we do the Technical Debt Assessment is that over time the client’s codebase got both bloated and spaghetti-like. As a result, the client is struggling with 10M, 20M or 50M lines of tangled code. The combination of size with “spaghetti tangles” renders it hard to effectively adapt the software as in such code even changing/adding a single line of code could require significant integration and regression efforts. The situation is Read more