cross-industry-insights

Vocabulary Word

Definition

'Cross-industry insights' refer to the knowledge or understanding gained by studying or observing different industries. Think of it like gleaning useful information from both tech startups and traditional manufacturing firms.

Examples in Different Contexts

In innovation management, 'cross-industry-insights' help in spotting opportunities for disruptive innovation by looking beyond the confines of a single industry. An innovation manager might discuss, 'Cross-industry-insights have inspired us to develop a new product that addresses a common need in healthcare and fitness.'

Practice Scenarios

Tech

Scenario:

The client's digitalization journey needs inspiration from diverse fields. A look at successful transformations in other industries could help.

Response:

I agree, using cross-industry insights can enhance our digital transformation strategy. Let's get into it.

Innovation

Scenario:

We are looking for the next big idea for our product line. Drawing inspirations from diverse fields, instead of focusing only on our sector could prove beneficial.

Response:

Right, infusing cross-industry insights into our innovation process can broaden our concept development scope. It's an excellent idea.