Thu.Nov 30, 2023

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What is Customer Experience (CX) Innovation? Definition, Examples and why CX Experience matters?

IdeaScale

Table of Contents What is Customer Experience Innovation? Customer experience innovation is defined as the process of creating and implementing new ideas, strategies, technologies, or approaches to enhance the overall experience that customers have when interacting with a brand, product, or service. It involves identifying opportunities to deliver greater value, satisfaction, [.

Examples 130
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Use GenAI to Improve Scenario Planning

Harvard Business Review

Generative AI can help organizations overcome inherent shortcomings in conventional processes for performing contingency scenario planning. This article explores how the technology can do that and provides an example: a simulation that the authors conducted.

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What is Business Process Innovation? Definition, Examples, Process and Best Practices

IdeaScale

Table of Contents What is Business Process Innovation? Business process innovation is defined as the significant and transformative changes made to existing processes within an organization to achieve better efficiency, effectiveness, and overall business performance. It involves reimagining, redesigning, and implementing new ways of conducting business activities with the aim of [.

Examples 130
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OpenAI’s Failed Experiment in Governance

Harvard Business Review

OpenAI has undoubtedly succeeded in its product innovations, with ChatGPT. But its governance innovations have failed spectacularly. Put in place to guard against the abuse of its product, the company’s unusual structure — a nonprofit that owns a for-profit — proved unpredictable and subject to the whims of its directors. There’s a reason the most successful startups stick to best practice: A more traditional governance structure would help OpenAI to scale while making the development of its tec

ChatGPT 133
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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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What is Organizational Engagement? Definition, Importance and Effective Strategies

IdeaScale

Table of Contents What is Organizational Engagement? Organizational engagement is defined as the level of involvement, commitment, and connection that individuals within an organization have toward their work, the organization's goals, and its overall mission. It encompasses both the employees' emotional and intellectual involvement in their work and their dedication to contributing [.

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Creative Strategies for Recruiting Talent During a Labor Shortage

Harvard Business Review

The growing challenge of labor shortages across various industries has highlighted the need for innovative recruitment approaches to bridge the gap between job openings and the available workforce. This article explores the concept of creative recruitment marketing efforts and its potential to address labor shortages by effectively reaching untapped talent pools, diversifying the talent pipeline, and aligning company values with purpose-driven candidates.

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Why Recycled Materials Don’t Always Generate Greener Products

Harvard Business Review

This article describes a project undertaken by Japanese electronics giant Hitachi and three of its suppliers in conjunction with the E-Liability Institute to understand where CO2 emissions were produced in the value chain for the copper used to manufacture its transformers and how different sourcing of the copper would affect the quantity of emissions produced.

Project 101
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What is Community Engagement? Definition, Principal, Example, Model, Framework, Strategies and Best Practices

IdeaScale

Table of Contents What is Community Engagement? Community engagement is defined as the process of involving and collaborating with individuals, groups, or communities to address issues, solve problems, and make decisions that affect them. It is a two-way interaction that seeks to build relationships, share information, and gather input to ensure [.

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CEO Secrets of a Successful Turnaround

Innovation Excellence

GUEST POST from Shep Hyken While most outside of the tech industry won’t know the Avaya brand, most will have experienced its technology if you’ve contacted customer support or communicated directly with a brand for any reason. It is a multinational technology company based in the U.S.

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What is Trend Analysis? Definition, Steps, Examples, Benefits and Best Practices

IdeaScale

Table of Contents What is Trend Analysis? Trend analysis is defined as a statistical and analytical technique used to evaluate and identify patterns, trends, or changes in data over time. It involves the examination of historical data to uncover insights into the direction or tendencies of a particular phenomenon. Trend analysis [.

Analysis 130
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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What is Design Innovation? Definition, Impact, Strategies, Best Practices and Examples

IdeaScale

Table of Contents The term "design innovation" has emerged as a driving force behind groundbreaking products, services, and user experiences. It goes beyond aesthetics, reaching into the very core of problem-solving and redefining the way we approach design challenges. In this comprehensive exploration, we delve into the essence of design innovation, its [.

Design 130
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What is a Project Management? Definition, Types and Examples

IdeaScale

Table of Contents What is a Project Management? Project management is defined as a structured and disciplined approach to planning, organizing, and overseeing the successful completion of a project. A project is a temporary endeavor with a specific goal, a defined timeline, and allocated resources. Project management involves coordinating various elements, such [.

Project 130
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What is Supply Chain Innovation? Definition, Examples, Strategies, Process and Best Practices

IdeaScale

Table of Contents What is Supply Chain Innovation? Supply chain innovation is defined as the implementation of new and improved strategies, technologies, processes, and practices within the supply chain to enhance efficiency, reduce costs, mitigate risks, and improve overall performance. It involves the application of creative thinking and the adoption of [.

Strategy 130
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What is Customer Service Innovation? Definition, Types, Examples and Benefits

IdeaScale

Table of Contents What is Customer Service Innovation? Customer service innovation is defined as the introduction of new and improved methods, technologies, strategies, or processes to enhance the quality and effectiveness of customer service. It goes beyond traditional approaches and seeks to address customer needs, expectations, and challenges in novel and [.

Examples 130
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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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What is the Blue Ocean Strategy? Definition, Examples and Framework

IdeaScale

Table of Contents Businesses are constantly seeking strategies to stand out in a crowded market. The Blue Ocean Strategy emerges as a beacon, guiding companies toward uncharted waters where competition is irrelevant and new opportunities abound. Let's dive into the depths of the Blue Ocean Strategy and explore its intricacies. What [.

Strategy 130
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What is Blockchain Technology? Definition, How It Works and Key Benefits

IdeaScale

Table of Contents What is Blockchain Technology? Blockchain technology is defined as a decentralized and distributed ledger system that enables secure, transparent, and tamper-resistant record-keeping of transactions across a network of computers. The term "blockchain" refers to a chain of blocks, where each block contains a list of transactions. This technology gained [.

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What is Innovative Thinking? 5 Essential Innovation Thinking Skills You Need to Succeed

IdeaScale

What is Innovative Thinking? Innovative thinking is defined as the ability to approach challenges, problems, and opportunities with a creative and forward-looking mindset. It involves generating new and original ideas, questioning established norms, and finding novel solutions to complex issues. Innovative thinking goes beyond conventional problem-solving by encouraging individuals to explore unconventional paths, embrace ambiguity, [.

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What is Innovation Management Consulting? Definition, Importance, Process and Benefits

IdeaScale

Table of Contents In today's rapidly changing business landscape, innovation is more critical than ever. Without innovation, businesses can quickly become stagnant, lose their competitive edge, and fail to meet the ever-evolving needs of their customers. That's where innovation management consulting comes in. What is Innovation Management Consulting?

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.