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Destructive and Constructive Innovation

OVO Innovation

Today I read a long post that claimed that up to 30% of the banking jobs in the US would be "destroyed" by innovation. No longer will we need bank tellers. Any job that can be automated or done by machines will be. This is a classic case of creative destruction, described by Schumpeter as a component of innovation. Innovation will always create disruption in existing conventions, economies and industries. This means that it will also destroy EXISTING jobs. It does not mean, however, that innovation is constantly destroying the net number of jobs. Innovation will always destroy existing jobs.

Constructing Innovation as Value Management

Paul Hobcraft

Innovation needs to create value, both short-term and progressively over time. It fuels the growth and fires the imagination. Yet our innovation activities are constantly coming up short for the leaders within our organizations, who continue to remain disappointed in its final outcome to stimulate and drive the growth they want to see. It is actually the classic “chicken and egg”. The vision thing.

Capturing and supporting innovation in the building industry

Innovation Excellence

Whilst the construction industry is not one that is renowned for being particularly innovative, there are in fact a number of fascinating technologies emerging in the sector. Competitions Industry Innovation Open Innovation building construction

Technology Is Rebuilding the Construction Industry

Daniel Burrus

The construction industry is notoriously slow when it comes to adopting and utilizing technological solutions. Elsewhere, some suggested that the builder of the future will replace his/her nail gun with a new technology that will completely overhaul the construction industry. However, it’s easy to forget that there is already a wealth of software in the industry, such as Construction Manager, PlanGrid, and many more, but they all are criminally underused. The post Technology Is Rebuilding the Construction Industry appeared first on Daniel Burrus. SHARE.

The State of Crowdsourced Innovation in 2016: Multi-Industry Benchmark Study.

INDUSTRIES REPRESENTED 7SPIGIT 2016 STATE OF CROWDSOURCED INNOVATION Finance Healthcare Manufacturing Construction Energy Telecom Pharma Technology Retail Consulting Public Sector CPG Insurance In recent years however, more and more companies. company in the construction industry specifically said they regularly report results of the innovation. CROWDSOURCED. CROWDSOURCED. clarity.

ikeGPS – How To Invest in Trends To Escape Your Core and Grow Explosively

Adam Hartung

EPC (Engineering, Procurement and Construction) companies like Black & Veatch, Bechtel. And they came up with the very clever idea of making an add-on device that construction workers, like concrete installers, pavers, carpenters, masons and such, could use with their mobile phones to replace tape measures. Would you like to triple your revenue next year? Of course you would.

10 Famous inventions that were the culmination of other people’s work

Idea to Value

And as the industrial revolution and the growth of cities led to taller buildings being constructed, people became tired of having to climb multiple flights of stairs. A dirty (yet open) secret about innovation is that most great breakthroughs don’t happen thanks to a single lone genius. Galileo and the telescope. Galileo Galilei. James Watt and the steam engine. Watt steam engine.

Leadership Mobilizes and Energizes A Company Culture with Shawn Parr

Game-Changer

It’s leadership’s responsibility to involve the entire organization, informing and inspiring them to live out the purpose the organization in the construct of the values. Mobilizing and energizing a culture is predicated on the organization clearly understanding the vision, mission, values, and goals. Questions: What is culture? Can it be shaped? Why does culture matter? link].

To Get Big, Start Really Small

Tim Kastelle

Eventually, all new buildings will be constructed using Building Information Modelling (BIM) and the offsite manufacturing of modular components. But right now, those technologies are only being used in the most challenging settings for construction, like the Leadenhall Building in London. Google didn’t start out by organising the world’s information. Someone (who?)

The Buyer's Guide to Innovation Management Software

services, pharmaceuticals, retail, construction, manufacturing, and beyond. THE BUYER’S GUIDE. TO INNOVATION. MANAGEMENT SOLUTIONS THE BUYER’S GUIDE TO INNOVATION MANAGEMENT SOLUTIONS 2 1 2016 Gartner CIO Agenda Report 2 The Forrester Wave™: Innovation Management Solutions, Q2 2016 In less than a decade, innovation. management has evolved from a little- known IT practice to one of the most.

This guy just built an unbelievable instrument with 2000 marbles

Idea to Value

It’s made of over 3000 pieces, constructed out of nothing but plywood, screws, wire, marbles, pieces of instruments and LEGO (the trademark sign of any creative project). Over the past week, I have not been able to get this music out of my head, or stop thinking about how clever and impressive this machine is. Just watch the video above to see it in action. But damn is it impressive.

This guy made a fun video while renovating his garage

Idea to Value

Youtuber Hampton Rutland explains how he’s finishing a construction project with wood he reclaimed from a derelict demolished house. But once it starts (at around 2:10), you see that he’s decided to have some fun with the construction project, adding a bit of stop motion animation to not only the construction of the wood, but some little Superhero figurines who join in.

The Wearable Foreseeable Future of the Workplace

Innovation Excellence

Enterprises are scrambling to establish a competitive edge through the use of these glasses, goggles, and phone carriers, and pilots are rolling out globally in factories, construction. Workplace Implications of Eye-interaction Technology in AR and VR headsets: As augmented reality and virtual reality technology advance, AR and VR headsets are, or will soon be, entering the workplace.

Generalists Are Hardwired for Reinvention

Game-Changer

You live in a box you’ve carefully constructed to protect yourself, same goes for organizations. My last post on the challenges Generalists face in a society that rewards specialists got a lot of attention from people who are Generalists themselves (from healthcare); not from Specialists. Yes we are, we all have it in us. Think about that. Reinvention is a life skill. Here’s why?

Six Tips to Customize and Improvise your Presentation

Destination Innovation

See if you can construct a connection between that item and your talk – preferably in a humorous way. Many speakers at conferences give a standard pre-packaged presentation. They prepare it in advance and give a competent performance but they miss the chance to really connect with the audience. But there is still much more you can do to make your talk topical, pertinent and engaging.

Tips 31

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

We are living in a connected, constantly adapting, world where networks and relationships are the essential wiring connections we all need to construct. We are facing tough challenges within the business world. To work through these we are all being asked to transform but there has to be a clear end, a return for all this energy and resources it requires, that we are being asked to spend?

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

The end result increasingly calls for constructing innovating solutions in distinctly different highly connected ways, that are built from contributions from a broader ecosystem of vested parties, into solutions that offer really different, radical new customer experiences they really can value and meets their needs. We are facing tough challenges within the business world.

Building the Core Competencies for Innovation

Paul Hobcraft

The net effect, is it does prompt a greater desire, clarity of purpose, identification, and fit required at the senior management level and in general for innovation management construction. For my final post of the year, I went back to some of my thinking through around the building blocks needed in the core competencies for innovation we need to have in place. We have two levels to it.

Apply your Creativity Everywhere – Like Dali

Destination Innovation

He was very active in theatre and film, constructing sets. In January 1952 the renowned artist Salvador Dali appeared on the US TV game show, ‘What’s My Line?’ The panel members were blindfolded and had to question the guest to determine his identity. Almost every question they asked he answered in the affirmative. Are you a performer?’ ‘Yes.’ Yes.’ ‘Are Are you a writer?’ ‘Yes.’ Yes.’ ‘Are

Add Rocket Fuel to Your Innovation Process with Gamification

IdeaScale

In other cases, it’s worth considering how the “game” will be constructed and what you want to achieve. By far the most successful example of this remains FoldIt, an actual game constructed by a scientific team to test how proteins are folded. Improve your innovation process with gamification. The ideal moment in any innovation process is when innovating becomes fun.

The role Human Resources can play in Innovation and its needed Design

Paul Hobcraft

I believe HR can determine where the true innovation premium lies, in the people and set about ensuring that the daily fabric of the organisation becomes innovation as a new core, well supported and constructed to deliver sustaining invention, creativity and innovative solutions to aid the growth organisations clearly need today. They can help deliver the dynamics needed in innovation.

No idea is an island

OVO Innovation

The consumer, on the other hand, encounters the product, which has a number of new capabilities, bells and whistles, but doesn't integrate usefully or seamlessly into a set of products, services, business models, channels, data and interactions that the customer has already constructed, or had constructed for them. The title of this post is a bit provocative, and that's on purpose. Every company wants to innovate, and further they desire that the limited innovation they accomplish succeed wildly. Those probably deserve to die an ignominious death.

Four Reasons to Take a Rapid Prototyping Approach to Your PLM Implementation

Innovation Excellence

The waterfall approach, which originates from very structured project methodologies in the manufacturing and construction industries, is a linear and sequential approach to software implementations. Many companies view product lifecycle management (PLM) implementations the same old way they’ve viewed enterprise system implementations (like ERP) for years.

What I Tell My Team

Innovation Excellence

We also have to set the stage, carefully constructing an atmosphere of trust where. Ask the hard questions. As a thriving consultancy, our primary vocation is providing insight that adds value to our clients. To meet this objective we have to play enlightened court jester, asking the unaskable questions those inside the company cannot ask.

Early, Often, & Ugly!

Michael Roberto

If you attack those ideas in a fashion that is not constructive, your folks will stop bringing you ideas "early, often, and ugly." Adam Bryant interviewed Christa Quarles, CEO of Open Table , in this week's New York Times Corner Office column. Quarles describes one important leadership lesson she learned when she became CEO of the firm: The other surprise was that people were afraid to share things early on. Teams were trying to perfect something before they would show it to me, and they’d waste a ton of time trying to get it to be perfect to show to the C.E.O. It’s O.K. Awesome advice!

Should I Tell That Joke at Work?

Michael Roberto

The researchers found that teams that tell more jokes and laugh together also made more supportive and constructive statements to each other, things like “that’s a great idea” or “we could solve this problem by doing X.” The Wall Street Journal has a nice summary of recent research on humor in the workplace written by scholars Alison Wood Brooks and T. Bradford Bitterly. The scholars point out some of the positive effects of humor in the workplace. For instance, they cite one study by Nale Lehmann-Willenbrock. Will you offend someone? Could it even get you fired?

Study 22

Building Differentiating Capabilities for Innovation

Paul Hobcraft

We so often get caught up in the building of our capabilities. In some ways, I keep attempting to “peel the innovation onion” in explaining the need to focus on building the capabilities in different ways but to be honest it needs these various approaches to an ever-changing environment. A different intensity of innovation onion perhaps? You take a fairly structured approach.

Business Needs Innovation Ecosystems

Paul Hobcraft

The end result we are needing to deliver is increasingly calling for constructing innovating solutions in distinctly different highly connected ways, that are built from contributions from a broader ecosystem of vested parties, into solutions that offer really different, radical new customer experiences they really can value and meets their needs that combine through platforms.

Rethinking the measuring of innovation

Paul Hobcraft

Leaders want to hear this, the sad true is getting a ‘decent ROI’ for innovation constructed (note constructed) is really hard. I’m a little tired of the lack of original thinking that goes into measuring innovation. Most trot out the same old chestnuts, including ‘return on investment’ as always, as near or at the top. If the innovation is new to the world, how can it have a clear financial return on investment until much later? We need to appreciate new innovation balance sheet thinking. Why a balance sheet thinking? It goes way outside financial numbers.

Mega Capital Projects and Product Documentation: How PLM Can Help

Innovation Excellence

The quantity and scale of mega capital projects is encouraging for the engineering and construction industries. Investment activity in infrastructure and other major capital projects has regained its upward trend following the 2008 crash. However, recent studies have indicated that despite the growing volume, success rates and the profitability of these projects are flat.

Reflecting on our innovation practices

Paul Hobcraft

The basics of innovation still form around building the engagement, leadership, and involvement , in constructing a culture, the climate and environment needed , so as to allow innovation to evolve and thrive. We all need to think through the value of the pivot, prototype, the constructing of minimal viable products and rapid experiment and design. May I ask?

If Not Now, Then.Later!

Mills-Scofield

After some long, blunt conversations challenging his assumptions and self-construct, we realized this wasn't an Either/Or, an "if not now, when?" Most of us have realized, or at least acknowledged, that life and careers are no longer linear, predictable, plan-able. Timing is everything AND timing is not fixed! Sometimes the answer to, "If not now, when?" isn't Now ! Later !". “ moment.

The State of Innovation Management in 2015 Just Released

Paul Hobcraft

Also an excellent bench marking study full of really relevant tables that will get you comparing or constructing your own comparisons, some aspects of global R&D spending, a short view of some innovation leaders who gathered and debated three ‘choice’ topics of their top of mind concerns around innovation. I certainly hope you will find time to go through it. link]. link]. link].

The role Human Resources can play in Innovation and its needed Design

Paul Hobcraft

I believe HR can determine where the true innovation premium lies, in the people and set about ensuring that the daily fabric of the organisation becomes innovation as a new core, well supported and constructed to deliver sustaining invention, creativity and innovative solutions to aid the growth organisations clearly need today. They can help deliver the dynamics needed in innovation.

Finding the Advantage in Regulation

Daniel Burrus

But for an Anticipatory Organization , it’s far more constructive to approach the new regulation with a proactive attitude as well as an eye toward any game-changing opportunities that may result. In my New York Times bestselling book, Flash Foresight , I shared a proven methodology I have developed and refined over the decades for separating Hard Trends, those future facts that will happen, from Soft Trends, those assumptions about the future that might happen. One of the categories of Hard Trends—government regulations—might surprise you. SHARE. You know the answer is yes.

Tesla Model 3 – This is What a “Game Changer” Looks Like

Adam Hartung

Meanwhile, constructing the “gigafactory” in Nevada to build batteries has slowed and won’t meet earlier expectations for 2016 construction and jobs. Tesla started taking orders for the Model 3 last week, and the results were remarkable. In 24 hours the company took $1,000 deposits for 198,000 vehicles. By end of Saturday the $1,000 deposits topped 276,000 units.

21 Awesome Quotes on Intuition

Idea Champions

The more and more each is impelled by that which is intuitive, or the relying upon the soul force within, the greater, the farther, the deeper, the broader, the more constructive may be the result." - Edgar Cayce. "I "The only real valuable thing is intuition." - Albert Einstein. Trust yourself. You know more than you think you do." - Benjamin Spock. I work with it and rely on it.

Does Hosting the Olympics Make Economic Sense?

Michael Roberto

Each year, we hear about the amazing construction programs embarked upon by countries and cities hosting the Olympic Games. They checked for marked growth in construction, tourism and the financial-services sector over a nine-year period — four years before the games, and five years after. "We The cost of hosting the Olympics has skyrocketed. The Beijing Olympics reportedly cost more than $40 billion! No worries, claim the host cities. The economic benefits will be tremendous and long-lasting to boot! Is that actually true? Does hosting the Olympic Games make economic sense?

Are all problems worth fixing?

Game-Changer

I admit that I’m of the particular mindset of looking out into the world and find flaws— glitches in the system— and construct logical paths in my mind to fix them. And, if I can start crafting a solution with a blank slate the better. Who doesn’t like thinking about what’s possible ! But, are all problems worth fixing? Would we rather not have to do it?

Helping to Build a Culture of Innovation: Utilizing the “Whip”

Robert Brands

They must re-examine how their organizations are constructed. Why Your Organization Needs a “Whip” to Help Build a Widespread Innovation Culture. The innovation book Robert’s Rules of Innovation: A 10-Step Program for Corporate Survival establishes a foundation of 10 Key Imperatives intended to help everyone from beginners to seasoned innovators. So What’s a Whip? 59). [2] 72). [4]