August, 2019

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Common Fears of Starting an Open Innovation Initiative and How to Resolve Them

HYPE Innovation

Adding external elements to an internal innovation program can prove a true rite of passage. The transition requires an open culture, employee empowerment, and executive commitment. In other words, considerable maturity (1).

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Exploring the Connection between Resilience and Innovation Leadership

IdeaScale

Working together overcomes unexpected challenges.?. Innovation leadership is all about meeting challenges and overcoming obstacles in new and creative ways. Sometimes those obstacles are more urgent than others. A supplier abruptly closes, a server farm crashes, or a product design doesn’t meet standards when prototyped. This is where innovation leadership is most important, as a keystone for resilience.

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Eight Reasons why Innovation beats Efficiency

Destination Innovation

Elon Musk. If you are running an organization of any kind then making it more efficient is a key priority. It is important to speed up processes, eliminate waste, improve quality, reduce costs and generally please customers. And if you work hard at it you can do all of these things. But it is also important to prioritise innovation – finding new products and services and new ways to do things.

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Strategy & Culture: Here's How You Bridge The Gap!

Cascade Strategy

Back in April, we hosted Engage 2019 - our first ever Cascade conference. It was a huge hit, and many of you joined us either in person, or via our live stream. Over the next few weeks and months, I'm going to be sharing some of the best learnings from that conference, including full recordings of some of the best presentations and workshops that our attendees got to experience.

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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 companies today can learn from Exponential Organisations

Exago

As the information-based world moves exponentially, many companies face the risk of being left behind and become obsolete. Drawing inspiration from exponential organisations, we pinpoint the key attributes that make ExOs so extraordinary. The post What companies today can learn from Exponential Organisations appeared first on Exago.

Learning 189
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Why Company Culture is Key to Innovation and Growth

InnovationManagement

In the world of business to get an edge over competitors, companies are required to constantly evolve their sales, marketing, hiring, and employee retention tactics to stay ahead. External pressures and threats from other companies push entrepreneurs to come up with new strategies and solutions to grow their businesses. There’s no way to succeed other than to innovate.

Culture 74

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Drive Innovation by Disrupting the Existing Management Norms

InnovationManagement

Before being acquired by Facebook for US$1 billion, Instagram was just another photo-sharing app operating with insignificant infrastructure and a dozen employees. With the ever-increasing potential of modern technology, the next billion-dollar business could start from the comfort of someone’s home. To stay on top, established organisations need to stimulate innovation. and that’s our topic today.

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Top 1000 companies that spend the most on Research & Development (charts and analysis)

Idea to Value

Analysis 223
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Innovation Department Best Practices: A Talk with Peter Berger

IdeaScale

Peter Berger is the Director of Innovation for EmbraerX, a Silicon Valley innovation unit of Brazilian aerospace company Embraer. As an innovation director, Berger is working on projects that include the development of an all-electric vertical take-off and landing (VTOL) aircraft to be used for short-distance air travel with the ease of hailing an Uber.

Ideation 196
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Digital transformation marks the demise of product innovation

Jeffrey Phillips

There comes a time when every phenomenon reaches its zenith, before a long fall or a sudden collapse. We like to refer to this point in the cycle as the "tipping point" - the point at which we can remain in stasis or the structures will collapse. We are warned that we are close to the tipping point for global warming, for example, where more carbon dioxide in the atmosphere may result in weather and climate changes that create catastrophic change in the weather, sea levels and other factors.

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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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Why You Need a Diverse Ecosystem of Perspectives to Drive Innovative Thinking

HYPE Innovation

Editor's Note: Andy Seferta is Head of Ecosystem and Analyst Engagement, Digital Technology Services, Fujitsu EMEIA. This post was originally published on May 12, 2019, on the Fujitsu UK Blog. I recently had the pleasure of attending the INNOVATE Bonn forum hosted by our strategic partner HYPE Innovation. At the conference, I hosted open-innovation-themed customer workshops alongside HYPE's head of open innovation, Dr.

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Exago redefines its core values through collaboration

Exago

After 11 years of bringing innovation together, Exago decided it was time to reassess the company’s core values. Of course, as champions of collaboration and teamwork, Exago asked its team to come up with what each one thought should be a core value of the organisation. The post Exago redefines its core values through collaboration appeared first on Exago.

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What Is The Purpose Of A Business?

Digital Tonto

Today, business leaders need to manage for mission, not for metrics. Purpose cannot be reduced to a simple concept like shareholder value. Related posts: 4 Things Every Leader Should Know About. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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How your company strategy may be sabotaging your innovation ambition

Idea to Value

As someone who works for a strategy consultancy, it becomes clear that for most companies, there is a disconnect between what they say their strategy is, and how they actually behave. This can have a profound impact on the likely success rates of innovation in those companies. I recently rewatched the excellent TEDx talk by Karen Dillon (video above), on Do You Have a Strategy for Your Life?

Strategy 119
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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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Successful Innovation Program Highlights the Value of Intrapreneurship

IdeaScale

Intrapreneurs are people who are dedicated to their employer yet know how to apply basic principles of entrepreneurship within their roles at work. Sometimes your best “entrepreneurial” ideas come from people inside your organization. There may have been a time when people with characteristics of intrapreneurs were discouraged or outright forbidden to innovate, even within their areas of responsibility.

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Digital transformation: Pandora's box or cornucopia?

Jeffrey Phillips

Digital transformation. Everyone from the CEO to the janitor understands that digital transformation is important. Every competitor is talking about what digital transformation will do for their business - create new revenues, cut inefficiencies and costs, discover new value in previously unremarkable data. Digital transformation is the latest management philosophy, like ERP or business process re-engineering or innovation that have come before it.

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Recognizing an innovation need

Paul Hobcraft

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Exago software supports Fleury’s digital transformation efforts

Exago

With a mission to accelerate its digital transformation, the Brazilian Fleury Group has created the Fleury Lab, a platform that joins its Research & Development, Innovation and Digital departments. The initiative was supported by Central de Ideias, Fleury’s idea management platform using the Exago software. The post Exago software supports Fleury’s digital transformation efforts appeared first on Exago.

Software 132
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How Mature Companies Are Scaling Transformational New Businesses

Scaling transformational innovations in large companies is challenging due to ‘Company Fit’ issues, which arise when the resources, processes, and priorities (RPPs) of the core business are not aligned with the needs of the new business. Many companies have learned how ambidexterity—the ability to both ‘exploit the present and explore the future,’ can help them address these issues for ideation and incubation of new innovations, but scaling transformative business innovations remains a challenge

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Are We Turning Our Backs On Science?

Digital Tonto

When we turn our backs on science, we turn our backs on truth. Related posts: The War On Science. How Smart Businesses Are Turning Academic Research Into Profits. Can America Renew Its Commitment To. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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8 books every innovation pro should read

Board of Innovation

A few years ago, we published a list of 7 top-notch books on innovation. Since then, sequels have been released and our field has evolved, so it’s time for us to make a few additions. Without further ado, here’s our list of the best books on innovation around (all of which are essential reading for […]. The post 8 books every innovation pro should read appeared first on Board of Innovation.

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Three Trends in Supply Chain Innovation

IdeaScale

Getting what the customer needs, right where they are, at precisely the time that they want it is becoming ever more important. Efficient supply chains reduce waste, save money, and ensure the best possible goods are made and brought to market. There’s a lot of innovation waiting to turn supply chains into ever more powerful tools. Automation And Robotics.

Trends 170
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VUCA is a matter of perspective

Jeffrey Phillips

VUCA is the new black. Suddenly everyone has realized that sometimes the economy or markets are volatile or uncertain. If I were older and cranky I'd blame this on the millennials, not because they are millennials but because they've never lived with a stock market that goes down. Volatility seems like something we've only just discovered. Not too many people seem to remember the stock market crash of 2008, but of course that was a decade ago.

Course 155
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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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University Education – A New Model for a New Era

IdeaSpies

Login. Idea of the Week. Idea Spies. Sharing innovation to inspire action. Search. Menu. Skip to content. HOME. CATEGORIES. Agriculture. AI. Artistic. Dining. Disability. Healthcare. Industrial. Not-For-Profit. Startup. Wellbeing. TOP TIPS. INNOVATION BLOG. ABOUT. GUIDELINES. ENTERPRISE. CONTACT. Search for: Clever Ideas , Innovation Blog. University Education – A New Model for a New Era.

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Letting Go of Blame Will Set You Free

Tullio Siragusa

Letting Go of Blame Will Set You Free. When I was a kid, I had to ask permission to leave the dinner table. My parents were loving human beings who were also old school. It worked for them, and it worked for me too. I was also of a generation where your behavior was considered a direct reflection of your parents’ reputation. The pressure was constantly on, to behave properly, do the right thing, and to please my parents.

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How Networks Drive Transformation

Digital Tonto

The truth is that we need to reimagine leadership for a networked age to focus less on driving strategy and tactics and more on widening and deepening connections in networks Related posts: Leaders. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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26 Ways to generate new revenue for B2C companies

Board of Innovation

Why read this? This blog post will help you to identify sustainable new revenue streams, challenge revenue streams you have already developed and to come up with alternative money-making tactics. Earning income, producing profits, or generating higher Returns on Investment is a challenge best solved by working smart, not hard. If you thought money was […].

Company 103
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Implementing Intelligent Document Processing Solutions: Why It Works

See how companies like yours are tackling some of today’s most common business problems using AI-assisted automation for document processing. Manually capturing, extracting, and processing data within documents is a costly and outdated practice that’s holding your company back. IDP takes document processing to a whole new level so you can understand and use your data more effectively than ever before.

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Josh Folk of IdeaScale Dishes with DotCom

IdeaScale

Josh Folk is a co-founder of IdeaScale, and he recently joined DotCom magazine for their Leader Round Table Interview series. Harnessing innovation and putting it to work efficiently are at the heart of the so-called Industrial Revolution 4.0.?. The editorial team at DotCom Magazine awarded IdeaScale its Impact Company of 2019 Award, and Josh talked with Torrey Mastery of DotCom Magazine about innovation leadership.

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Challenges when innovating smart, connected devices

Jeffrey Phillips

I've been struck by the importance of two rapidly converging forces - digital transformation and new product innovation. As we've discussed, here and elsewhere, ad nauseam, there is increasing demand for new products and services, making stretching the capacity of tenuous innovation processes and teams. When we add in the new requirement that many of these new products must also be smart and connected, innovation gets a lot more interesting and a lot more difficult.

Data 142
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How Artificial Intelligence Is Making The Shift From System To Ecosystem

Innovation Excellence

When IBM first debuted its Watson system on the game show Jeopardy! in 2011, it was like something out of science fiction. Here was a computer that could not only understand spoken questions, but answer them faster and more accurately than the best human players. Nobody had ever seen anything even remotely like it before.

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Decisiveness Is the Elixir to Get Unstuck

Tullio Siragusa

Decisiveness Is the Elixir to Get Unstuck. I heard from a sage that if ever you are not sure, or not clear on a decision, you should not make one. Isn’t that making a decision? I am not saying this to be a smart aleck, I am just stating the obvious. No decision is a decision, but it isn’t a decisive one. I think what the sage meant was that if you don’t feel confident in standing by your decision, don’t make one.

Change 89
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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.