Global competition and a weak economy have made growth challenging. But, some organizations like Apple, Amazon, and Starbucks defy the laws of economic gravity. Dave Power, president of Power Strategy, shared four best practices of the most successful innovation growth companies with Harvard.
Find the Next S-Curve. The best business models go through a predictable cycle of growth, often depicted as an S-curve. Diminishing returns set in as the most attractive customers are reached, price competition emerges, the product loses its luster, customer support challenges emerge, and new skills are required.
To read the original article: Front End of Innovation Blog: 4 Things to Learn from the Most Success Growth Companies
