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What is Biomimicry?
What is Biomimicry? Biomimicry is an approach to innovation that seeks sustainable solutions to human challenges by emulating nature’s time-tested patterns and strategies. The core idea is that nature has already solved many of our most significant problems. Animals,...
Napoleon Hill’s 17 Principles of Success
“All achievements, all earned riches, have their beginning in an idea.” — Napoleon Hill In 1908, Napoleon Hill was commissioned by billionaire industrialist Andrew Carnegie to interview over 500 of the world’s most powerful men in order construct a “success...
How to Capitalize Early on Emerging Trends
To continuously think of new business ideas and stay competitive in an existing business, it is imperative to stay on top of trends in the industries that are most relevant to you, along with the newest and upcoming technologies and software. When you capitalize early...
The S-Curve Pattern of Innovation: A Full Analysis
The S-Curve Pattern of Innovation highlights the fact that as an industry, product, or business model evolves over time, the profits generated by it gradually rise until the maturity stage. As a product approaches its maturity stage, a business should ensure that it...
Competitive Profile Matrix – How to Implement
The Competitive Profile Matrix is an analytical tool that helps you establish your company’s competitive advantage in an easy to use and read format. At one glance, you will be able to see your company’s competitive landscape, your position in a given market, and...
GE McKinsey Matrix: How to Apply it to your Business
The GE McKinsey Matrix is a strategy tool that offers a systematic approach for the multi-business corporation to prioritize its investments among its business units. In the 1970s, GE requested consultation from McKinsey & Company to manage a huge and complex...
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This glossary contains concepts related to Analytics, Statistics, and Operations Research. There are over 350 definitions to choose from on this page.
