June, 2021

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Innovating For The Long Term

Digital Tonto

It’s become fashionable to bemoan the influence of investors and blame them for short-term and “quarterly capitalism,” but that’s just an excuse for failed leadership. If you look at the world’s most. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Thinking sustainability needs a mix of future scenarios.

Paul Hobcraft

The accelerating need to build a sustainability pathway. Sustainability is rising to be top or close to the top of a boards agenda. The growing concerns of several intertwined issues need addressing as they will initiate a significant change to the Business and how it operates and presents itself to the world. Boards are asking where our business fits within and alongside society, both in who we serve and society in general, coupled with realising that the planet is heading towards a critical cr

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How to use the 70-20-10 Rule to drive innovation within your business

Leapfrogging

How does your team allocate time to driving innovation within your business? . The 70-20-10 Rule is a strategy for determining how to allocate time and resources in order to make a successful innovation. Generally, the rule helps organizational stakeholders determine if they should make high risk/high reward innovations or improve upon existing products or services. . .

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The Five People you Need in Your Life

Destination Innovation

Vidusha. Vidusha Nathavitharana is an author and trainer on leadership issues. He argues that you need five key people in your close circle. A Supporter. This is someone who believes in you and likes you. They are generally positive and supportive about your plans and ambitions. They might be your partner at home or a colleague at work. Whenever you feel down you can chat to this person and they will help refresh, inspire and motivate you.

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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 the difference between Innovation, Invention and an Idea?

Idea to Value

I am a big fan of the TV show Dragon’s Den (UK), also called Shark Tank (USA). It is always entertaining to watch the inventors trying to get support for their new ideas and inventions, which they are convinced are going to change the world. However, an invention is not the same as an innovation. It is also significantly less likely to succeed than an innovation.

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Innovation and the Baskin-Robbins effect

Jeffrey Phillips

I'll start out this post by noting that I like ice cream. In fact, one could say that I am a connoisseur of ice cream. I like to eat ice cream at home, and when I am traveling I like to sample the local styles and flavors. Wisconsin, for example, has a lot of custard shops. Italy has delicious gelato. And so on. A childhood treat was a visit to Baskin-Robbins, which is famous for its range of 31 flavors.

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Sustainability is central to innovation’s future progress

Paul Hobcraft

Sustainability is central to innovation’s future progress. Building a sustainable competitive advantage. Today’s challenge for me is not only to be building the innovation capacity but also to be establishing clear ways on how we should set about sustaining it. Increasingly, organizations must have the capability and capacity to sustain innovation to provide the stimulus for lasting growth and resolve the complex challenges we face today and in the future.

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Vancouver Coastal Health Case Study: Generating Ideas to Create Sustainability in Healthcare

IdeaScale

Creating a sustainable workplace is a concern across all industries. Preserving the environment and decreasing the carbon footprint is at the forefront of innovation efforts for many companies. Idea sharing is where innovation begins. It is how businesses learn ways to make the workplace more sustainable. Brainstorming is the first step to idea-sharing.

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Six Reasons Why You Should Post Articles on LinkedIn

Destination Innovation

LinkedIn is the primary social media platform for business professionals. Your profile is important but so is your activity. There are several benefits in posting articles on LinkedIn (LI). 1. It demonstrates your expertise. An article on a topic related to your skills and experience shows that you have level of expert knowledge on the subject. It raises your standing and authority. 2.

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The Creative Cliff Illusion

Idea to Value

When do you have your best ideas: Right at the beginning of creative work, or later on when you are exhausted? Interesting new research sheds a light on how you might be wrong about your own creative process. Brian J. Lucas and Loran F. Nordgren wanted to study at what point people expected to be their most creative, and when they actually produced their most creative work.

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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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The best time to innovate is in the aftermath of a crisis

Jeffrey Phillips

I've spoken recently with a number of people employed by companies, large and small, and to a number of consultants. The list of challenges most businesses face in the aftermath of COVID is rather significant. Many businesses are finding it difficult to find the workers they need, and those that do have the workers are struggling with remote or in person work issues.

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We’ve Screwed Up Capitalism, Technology And Healthcare. It’s Time To Admit It And Do Better.

Digital Tonto

Technology is a process that involves both revealing and building. Yes, we revealed the power of market forces and the bankruptcy of the Soviet system, but failed to build a more prosperous and. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Are we losing the Energy Transition Battle? Innovation to the rescue?

Paul Hobcraft

The growing fears are that we are falling behind the need to meet the Energy Transition required goals to the World has agreed to by 2050, set to meet the Paris Climate Agreement. The climate is about to get really difficult to predict. We are facing some of the natural consequences of our present inability not to reduce greenhouse gases at the rate they are required.

Policies 189
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IdeaScale Climate Innovation Pledge

IdeaScale

On Earth Day, IdeaScale launched its climate innovation pledge. To date, 12,862 ideas have been gathered. This number continues to rise. IdeaScale’s goal is to reach one million climate innovation ideas by 2025. Become a part of the IdeaScale climate innovation pledge and contribute to those one million ideas. Protecting the environment is critical.

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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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[FREE] Business Case Template: Create a Business Case to Turn Your Idea Into a Funded Project

Leapfrogging

Creating a solid business case is integral to the success of any new opportunity. The right business case can mean the difference between funding your idea and floundering to make it a reality. Many people fail to gain support for their ideas because they fail to create a compelling business case. . . For over 25 years, I’ve worked with innovation teams within big companies to help them craft business cases for their ideas, and with founders to gain funding for their startups.

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16 scientifically proven ways to enhance your creativity

Idea to Value

People often think that science and creativity are not related. In fact, over the past few decades , a huge amount of research has begun showing us exactly what causes our creativity, what reduces it, and even what enhances it. In this article, I want to highlight some of my favourite examples of scientific research which can help you enhance your creativity.

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Business model innovation and positive social impact

Board of Innovation

Get to know GaiaGo: the cross-industry, disruptive business model advancing sustainable mobility, sustainable consumption and inclusive urban planning. The post Business model innovation and positive social impact appeared first on Board of Innovation.

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Why Change Fails

Digital Tonto

The biggest misconception about change is that once people understand it, they will embrace it and so the best way to drive change forward is to explain the need for change in a very convincing and. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Change 190
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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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Sustainability is central to innovation’s future progress

Paul Hobcraft

Sustainability is central to innovation’s future progress. Building a sustainable competitive advantage. Today’s challenge for me is not only to be building the innovation capacity but also to be establishing clear ways on how we should set about sustaining it. Increasingly, organizations must have the capability and capacity to sustain innovation to provide the stimulus for lasting growth and resolve the complex challenges we face today and in the future.

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How Open Source Can Help Drive Government Innovation

IdeaScale

Overview: Open source software, patents, and research provide the codebase, data, and information to anyone who wants to explore it. For governments, this allows better citizen engagement and support without committing substantial funds to upgrading or becoming locked into proprietary systems. What Is Open Source? First coined as a term in 1998, open source has its origins in the computer science sector and refers to software where the source code of the project is freely available and can be mo

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Using Concept Screening to Create New Products and Services for Your Business

Leapfrogging

Concept screening is one of the best ways to quickly filter through information and ideas to pick the best one for a particular situation . . Concept Screening is a process that an organization can use to narrow down the number of ideas that are generated as options for new products or services – or just about anything else. In order to ensure that the strongest ideas are selected for further development, they need to be screened against certain criteria.

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Writer’s Block is a myth

Idea to Value

Plumbers do not suffer from plumber’s block. Surgeons do not suffer from surgeon’s block. Swimmers do not suffer from swimmer’s block. In all of their cases, even if they do not feel inspired, they will get on with their work and just do it. So why do so many creative people feel like they are blocked and cannot produce anything creative ?

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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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SWICH – The Six Week Innovation Challenge

InnovationManagement

The Six Week Innovation Challenge is becoming the method of choice in corporates. And it's not only innovators who love the sprint - leaders embrace it just as much. The post SWICH – The Six Week Innovation Challenge appeared first on InnovationManagement.

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3 Ways Innovation in Asia is Different

Board of Innovation

How fostering innovation in Asia needs to be different from Silicon Valley’s benchmark. The post 3 Ways Innovation in Asia is Different appeared first on Board of Innovation.

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Learning to collaborate in a rapidly changing world

Paul Hobcraft

visual from [link] collaboration-the-missing-standard/. We clearly need to find ways to navigate ourselves back into some (new) order, to stabilize the chaos we are in, or beginning to feel we are finally moving out of the crisis and chaos of the last 18 months. What we first need to do is make sense of what is going on around us. Then, we need to determine what actions to take and the level of action, resource and support each part needs.

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An Inside Look at IdeaScale

IdeaScale

Overview: Learn more about what an innovation management platform like IdeasScale can do for your organization. Why Use IdeaScale? We’ve found as we talk to our clients that one of their main concerns is communication and tapping into their community in a world that’ll be defined by hybrid working arrangements or even working from home. The COVID-19 pandemic threw many businesses into a stress test for their innovation committee and employee culture.

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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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How a Customer Empathy Map Can Help You Develop Better Products & Services

Leapfrogging

What is a Customer Empathy Map, and what are best practices, tools and online templates for teams and organizations? . It always surprises me that business leaders think they know what’s best for their customers without asking them. Unless you’re Steve Jobs, chances are you won’t know exactly what customers want without doing your due diligence and developing a deep understanding for what makes your customers tick.

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Not all ideas are good ideas

Idea to Value

While this statement may seem like the most obvious thing in the world, it is amazing how often we don’t think through it rationally. The vast majority of ideas are actually not very good. And most of them are quite bad. This is especially true at the very beginning of ideas, when they are not yet fully formed, and most resemble ugly babies. Very few of these ideas will turn out to be truly creative and have an impact.

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DNA of an Innovative Business: Is It Yours?

InnovationManagement

With the acceleration of modern economic, societal and environmental changes, new opportunities are created everywhere, and often where we least expect them. The post DNA of an Innovative Business: Is It Yours? appeared first on InnovationManagement.

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The Invaluable Difference Between Change and Transformation

Daniel Burrus

We are in an interesting time in history, when transformative digital disruptions have their foot on the gas and are accelerating at exponential rates. Every industry is facing disruption in a multitude of ways, and it is now up to business leaders and their organizations to implement my Anticipatory Organization ® Model and understand and identify the future certainties of Hard Trends and how to leverage them to become the disruptor before someone else does.

Change 121
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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.