Thu.Mar 14, 2024

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Focus on doing fewer things in order to make progress faster

Idea to Value

Often, when trying to make progress towards an innovative challenge there are thousands of things you could be doing. Examined individually, each of these actions look like they could bring you closer to your end goal. Or worse, they may each be different goals which all seem equally appealing and worth putting effort into. However, if they are each taking up your time and effort, the result is often time working ineffectively, working towards targets which are not aligned and where you end the

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Addictive, exclusive, experience: Critical factors for new products or companies

Jeffrey Phillips

I had quite a day yesterday, meeting with a potential partner at Starbucks, getting my iPhone repaired at the Apple store and a number of other activities. Along the way I encountered a couple of very successful companies: Starbucks, where I met a potential partner, Apple, where I went to get some repairs done on my iPhone and Chik-Fil-A, which was down the hall from the Apple store.

Company 120
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What French Bakeries Get Right About Strategy

Harvard Business Review

One would think that if you run a traditional consumer business that can’t compete on costs with more efficient competitors, you would want to avoid them like the plague. But a study of boulangeries in Lyon, France, found that by locating next to more efficient “modernist” rivals, “traditionalists” were able to better highlight their traditions and value and win.

Strategy 122
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10 CX and Customer Service Predictions for 2024 (Part 2)

Innovation Excellence

GUEST POST from Shep Hyken As promised, I’m back with the second part of my top predictions and trends for 2024 in the world of customer service and customer experience (CX). You can read the first five here. So, let’s get started with No. 6. 6.

Trends 101
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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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It’s Time to Reconceptualize What “Imposter Syndrome” Means for People of Color

Harvard Business Review

The recent pushback against the imposter phenomenon in the media has largely focused on how and why it’s inappropriate for people of color. In this article, the author argues that, while there is merit to these arguments, getting rid of the idea entirely for Black students and workers is a disservice. Instead, he recommends reconceptualizing the term to include new research on how imposterism affects people of color, and urges organizations to better understand how racism, bias, and imposter fee

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Putting People First In The Innovation Process

Entrepreneur - Innovation

Placing people at the heart of innovation ensures a more resilient, adaptive organization poised to achieve sustained success in a dynamic marketplace.

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Business Model Innovation: 5 Frameworks for Success

Qmarkets

At its heart, business model innovation is about change. It’s a way for businesses to look at what they do and ask, “Can we do this differently?” This isn’t just about adding a new product or tweaking a service; it’s about shaking up how a business operates from the ground up. Why? Because the world doesn’t stand still.

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Everything in One Place: Data Governance Best Practices for R&D

ITONICS

In the world of innovation, Kodak serves as a stark reminder of what can happen when a company’s departments operate in silos, and R&D intelligence is disconnected. This blog will take you through pitfalls and best practices for R&D data governance, illustrating the importance of interdepartmental collaboration and synergy.

Data 36
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Your Free the Genie Facilitator

Idea Champions

Mitch Ditkoff is the creator of Free the Genie and the Co-Founder of three consulting companies dedicated to unlocking and unleashing brilliance in the world -- Idea Champions , SageCatalysts and FaceTheMusic. Since 1987, he has been working with more than 100 organizations in 11 different countries to help thousands of aspiring innovators discover how to tap into their innate creativity and transform bold possibilities into bottom line results.

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Harnessing Imagination to Drive Innovation

Harvard Business Review

The decay of rules-based trade means that companies can no longer find growth as easily by expanding to new locations, or expanding demand through low-cost single point sourcing. In this context, companies seeking growth must develop innovative offerings to expand demand. These offerings are, essentially, products of imagination — conceiving of and realizing new possibilities — a challenge that companies struggle with.

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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.