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Last updated on Mar 12, 2025
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Competitors are gaining ground and your team's innovation is lagging. How will you turn the tide?

How would you reignite your team's innovative spark? Share your strategies for staying ahead of the competition.

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Business Strategy

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Last updated on Mar 12, 2025
  1. All
  2. Business Administration
  3. Business Strategy

Competitors are gaining ground and your team's innovation is lagging. How will you turn the tide?

How would you reignite your team's innovative spark? Share your strategies for staying ahead of the competition.

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8 answers
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    Hari Rastogi

    Cofounder & CEO at RiseUpp.com – India’s #1 Online Course Comparison Platform | Chief Consultant for Online MBA at IIMs | Author of ZERO to CEO | IIM Trichy Rank #2 🏅 | Speaker at IIMs/IITs | Featured in CNBC TV, ET.

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    When competitors gain ground, it’s time to rethink and reaccelerate. Innovation slows when teams get too comfortable. I focus on reconnecting with purpose, breaking the echo chamber through cross-functional collaboration, and prioritizing fast experimentation over perfection. Customer-driven innovation keeps us ahead, while a culture that rewards smart risks fuels bold thinking. The key to staying competitive is continuous reinvention. How do you keep innovation alive in your team?

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    Ricardo Chang

    Strategic Business Manager│Business Development │Sales & Commercial │ B2B & B2C │ Disruptive Innovator

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    El primer paso para cambiar el rumbo es **reconectar con el propósito** de tu equipo. Pregúntales: ¿qué los motiva?, ¿qué visión los inspira? Un equipo alineado y entusiasmado es el corazón de cualquier innovación. Además, fomenta una cultura donde las ideas fluyan libremente y el miedo al fracaso sea reemplazado por el aprendizaje continuo. Evalúa también los procesos actuales: ¿están incentivando la creatividad o limitándola? Haz espacio para la experimentación y prioriza proyectos clave que realmente marquen diferencia frente a la competencia. Con el enfoque correcto y un equipo motivado, volverás a ser líder en tu sector. ¡La innovación está al alcance!

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    Alejandro Arellano

    CEO & Board Advisor | EdTech & Startup Growth Strategist | Keynote Speaker ☛ Helping companies scale & innovate across LATAM & Europe.

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    To turn the tide, assess the competitive landscape to identify gaps. Foster a culture of innovation by encouraging experimentation and rewarding creative thinking. Engage your team in brainstorming and cross-functional collaborations to spark new ideas. Invest in training and development to equip your team with the right skills and tools. Focus on customer needs, using feedback to drive innovation that solves real problems. Streamline processes to accelerate decision-making and stay agile in responding to market changes.

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    Ricardo Chang

    Strategic Business Manager│Business Development │Sales & Commercial │ B2B & B2C │ Disruptive Innovator

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    Primero, analizaría las fortalezas de la competencia y nuestras brechas. Esto guiará la creación de una estrategia enfocada en mejorar procesos y desarrollar productos diferenciados. Implementaría una cultura de innovación basada en colaboración, experimentación y aprendizaje continuo. Además, incentivaría la generación de ideas mediante talleres creativos y hackathons, complementados con inversión en capacitación. Finalmente, priorizaría alianzas estratégicas y tecnologías disruptivas para acelerar la ejecución. Así, reposicionaríamos nuestra ventaja competitiva.

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    Denys Zavertany, ACCA, PhD, MBA

    Head of Finance (BeOps), Puratos | Insightful and Innovative Business Executive | Focused on Finance, Operations, HR, Business Development

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    From my perspective, innovation doesn’t slow down because people stop being creative—it slows down when teams get stuck in the same routines. How can we overcome this? 1. Look outside the bubble. Talking to customers, suppliers, and even competitors often sparks new ideas we’d never think of on our own. 2. Mix up the teams. The best ideas come when finance, R&D, sales, and operations tackle a challenge together. Different perspectives lead to unexpected solutions. 3. Test small, learn fast. Instead of waiting for the perfect idea, we try small experiments. Even if they fail, they teach us something valuable. At the end of the day, staying ahead isn’t about having the wildest ideas—it’s about learning and adapting faster than others.

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    Muhammad Shaban Safdar

    E-Commerce Growth Specialist: Helping Brands & Sellers Scale to 7 Figures

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    When competitors gain ground, it’s a wake-up call—not a defeat. Innovation isn’t about chasing trends; it’s about leading them. Here’s how I reignite my team’s creative spark: 🚀 Encourage bold thinking – No idea is too wild. The best breakthroughs come from pushing limits. 🔄 Break routine, break stagnation – Fresh perspectives come from new challenges, collaborations, and learning. 🎯 Customer-first innovation – The best way to stay ahead? Solve problems your competitors haven’t even spotted yet. The real competition isn’t just others—it’s yesterday’s version of your business.

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    Anh Phan

    Strategic Business Growth | BDM, AM, IB/MIB in Crypto, FX & Stocks | Investment & Trading Specialist

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    I think we’re stuck because we keep doing the same old stuff, expecting something new, that’s just a dead-end vibe. Creativity isn’t always about brand new ideas; it’s about mixing what we’ve got into something cool and useful. Here’s the plan: - Mix up teams for workshops with quick design jams and “what if” scenarios to shake off the usual grind. - Set up a “challenge lab” where folks tackle real problems with wild ideas, tossing in rewards like props or cash for prototypes. - Bring in outside voices and peek at top-notch companies for a fresh spark. - Let the newbies school the vets for a perspective flip. - Cut the red tape and cheer on smart risks. This’ll kick us out of the rut, fire up our creativity, and get us back in the game.

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    EdnaLyn Harding

    From 'No to Known' | Bible-Based Business Growth & Cognitive Coaching | Double Your Clients, Clarity, & Confidence Fast | Battle to Booming Business Programs for Startups, SMEs, & Service Providers

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    Act Fast—Test, Tweak, Repeat. Execution beats endless discussion. Launch MVPs (minimum viable products) and refine in real time.

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