External Factors

External factors are elements outside a company that can influence its performance and strategies, such as market trends and regulations.

More Innovation Glossaries

Weaknesses

Weaknesses are internal characteristics that can reduce the success or competitiveness of a product, service, or project.

Note-Taking

A practice of writing down pieces of information for later reference. Notes can be archived in an organized manner.

Industry Innovation

Industry Innovation is the process of creating and applying new ideas to drive growth, efficiency, and competitive advantage within a sector.

Top External Factors Resources

Digital Innovations to Help Transform Your Company

Digital Innovations to Help Transform Your Company

Digital innovation is transforming not only individual organizations but entire industries and markets. This article highlights the top digital innovations and their potential impact on businesses.

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Digital Transformation versus Digital Strategy

Digital Transformation versus Digital Strategy

Companies must embrace digital transformation to keep up with customer, partner, and supplier expectations or risk losing their entire business to digital natives with advanced digital strategies.

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Generating Disruptive Ideas for the Hyper-Digital Era

Generating Disruptive Ideas for the Hyper-Digital Era

Innovation requires value creation and persuasive communication. Learn how to develop market-changing ideas and scale innovation with One Hour Innovator.

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Growth through innovation: Execute on the growth goals

Growth through innovation: Execute on the growth goals

Innovation plays a vital role in business growth. This article highlights the importance of innovation, its benefits and the key variables required for driving growth through innovation.

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How Siemens Energy Accelerates Digitalization & Innovation With ITONICS

How Siemens Energy Accelerates Digitalization & Innovation With ITONICS

Siemens Energy has joined forces with ITONICS to launch a digital ecosystem to advance innovation, cybersecurity and digital transformation.

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Innovate on Purpose: Six million dollar innovation

Innovate on Purpose: Six million dollar innovation

Innovation will be faster, better, smarter and done with partners in the future. We need to use data, new technologies and ecosystems to survive.

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Innovation: Don’t flirt if you don’t mean business

Innovation: Don’t flirt if you don’t mean business

Genuine innovation and exponential growth plan are needed for successful product launches, otherwise employees get frustrated and demoralized.

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Moving to a Digital World totally across your Business is highly challenging

Moving to a Digital World totally across your Business is highly challenging

Digital transformation is essential for innovation and sustained growth. It requires a fundamental shift in processes that engage customers in real-time, in constant exchanges and connected ways, while tracking and tracing everything.

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No thinking time left- help

No thinking time left- help

Time-starved executives are struggling to find time for creative thinking in the midst of crisis events and remote work. Without dedicated time for innovation, humans risk becoming second-class citizens for thinking, losing personal experiences and relying on predictable social media algorithms.

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Prepare to Set Sail in the Choppy Waters of Digital Transformation

Prepare to Set Sail in the Choppy Waters of Digital Transformation

Organizations must adjust their mindset and broaden their toolset to navigate digital transformation and disruption. Work and resource management can offer greater agility and alignment, but organizations must embrace new ways of managing and executing work.

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Reverse Mentoring: A Lever for Digital Transformation Agorize Blog

Reverse Mentoring: A Lever for Digital Transformation Agorize Blog

Reverse mentoring is the solution for integrating digital natives into companies, helping older employees adapt to the digital age, and creating intergenerational relations.

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Risk management and innovation management

Risk management and innovation management

Learn how risk management and innovation management can go hand in hand by identifying risks and turning them into opportunities.

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The Insurance Industry is Leading the Way in Innovation.

The Insurance Industry is Leading the Way in Innovation.

The insurance industry is finally embracing innovation, and technology like telematics is helping to revolutionize the way insurers engage with policyholders.

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The transforming tide in digital for innovation.

The transforming tide in digital for innovation.

To stay competitive in the digital age, organizations need to transform themselves completely. Capgemini Consulting argues that being absolutely clear on the transformation, having a well-thought-through roadmap towards the transformation and its drivers, will achieve this.

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An image of a climbing vine with various innovative symbols as leaves.

To Innovate We Must be Willing to Learn a Lot!

Learning agility is critical for innovative leadership. Agile learners are adaptable to changes and can learn from experiences. The concept is most often applied to leadership and has a profound impact on performance.

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An image of interconnected geometric shapes symbolizing a networked strategy.

Uncovering digital transformation strategy: Made easy

Creating a digital transformation strategy can be complex but is necessary for success. This article provides a step-by-step guide for creating a strategy that aligns with business goals and ensures progress.

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An image of a digital phoenix rising amidst algorithmic patterns.

What companies today can learn from Exponential Organisations

Digital disruption will cause 40% of S&P 500 companies to disappear in the next 10 years. Exponential Organizations (ExOs) are those that leverage accelerating technologies with new organizational techniques. Adopting their attributes is the key to success.

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Exponential Organizations

Exponential Organizations

Learn how any company, from a startup to a multinational, can become an Exponential Organization and grow to the next level.

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Leading Digital: Turning Technology into Business Transformation

Leading Digital: Turning Technology into Business Transformation

Become a Digital Master - No Matter What Business You’re In

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The Digital Transformation Playbook

The Digital Transformation Playbook

Every business begun before the Internet now faces the same challenge: How to transform to compete in a digital economy? Rethink your business for the digital age.

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