October, 2017

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Message to the Board – We Need to Talk about Innovation

Destination Innovation

Innovation should be a regular topic item on the agenda of company board meetings. If you have not had a fundamental conversation about innovation with your key corporate stakeholders and senior executives then these are some of the questions and topics to discuss at the first such meeting. What is the vision for our organization? Where are we headed?

Meeting 207
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How to keep our children (and adults) from losing their creativity

Idea to Value

All children are born creative. Yet why is it that when we ask adults, the majority would not describe themselves as being creative anymore? What has happened over those formative years to remove a person’s ability to come up with great new ideas? Can we keep our children creative for longer? And more importantly, is there anything we can do to bring back this lost creativity in adults?

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Is There Such a Thing As a Bad Idea in Innovation?

IdeaScale

Is there ever such a thing as a truly bad idea? Does anybody really believe that there are no bad ideas? After all, the Darwin Awards feature, for example, a thief who thinks nothing of resting a metal ladder on power cables before attaching jumper cables to them to try and restore power to his house: Don’t worry, he survived somehow. But at the same time, we live a world with molecular air filters and microbicidal paint, as the Edison Awards show us.

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The "Hundred Club", Surviving the Innovation Business in a Long-Term Run

HYPE Innovation

N ext time you switch on your TV or computer display spare a thought for the company who probably produced the liquid crystal display. With over 60% of the global market the German company Merck is probably not one which would instantly come to mind. But they dominate this and a wide spread of other activity in the chemical and pharmaceutical world.

Groups 173
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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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Moving to a Digital World totally across your Business is highly challenging

Paul Hobcraft

Transformation is very hard at the best of times for all of us to undertake. Digital transformation forces us to work with mostly emerging, constantly evolving technologies, and then apply these in an integrated way into an existing business. This stretches our abilities significantly as we may unclear of the finished design for quite some time. We have to evolve it, as we go.

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Strategic cost-cutting and improvements in the innovation corporate agenda

Exago

Long-term stability is highly unlikely, and we all have questions and uncertainties churning in our heads, CEOs included. They are, right now, looking for answers and for ways to include their organisations in possible solutions. The post Strategic cost-cutting and improvements in the innovation corporate agenda appeared first on Exago.

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7 Ways to Boost Employee Morale in Your Workplace

Idea to Value

Office morale can directly impact job satisfaction ratings as well as productivity and even talent retention. Unfortunately, some managers and business owners only think about the importance of morale when it sinks to a very low level. The ideal work environment will foster high morale on a regular basis, and this will feed high employee satisfaction ratings and motivate your team to be as productive as possible on a regular basis.

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Introducing: CBS’s Wisdom of the Crowd

IdeaScale

CBS debuted a new show Sunday night called “ Wisdom of the Crowd.” It’s about a tech CEO, played by Jeremy Piven, who builds a crowdsourcing platform to help find his daughter’s killer. Sophia, as the platform is named, is essentially a network of solvers who can contribute information to help find Mia Tanner’s real killer, not unlike IdeaBuzz.com , minus the murder part.

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Why a Job-To-Be-Done Approach Can Be Crucial for the Success of Your Innovation Program

HYPE Innovation

How often do you get caught up in the numbers game in innovation? You are encouraged to generate lots and lots of ideas, the more ideas, the better. Then you are encouraged to “fail fast” by quickly evaluating ideas to see which is the best. But innovation is not a mixture of guesswork, searching in a random fashion what might strike a chord with your customers.

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Innovation System Thinking on a Sunday! What, no roast or glass of wine? Later.

Paul Hobcraft

We all spend our Sundays in different ways. Some spend it recovering from the Saturday night, other spend large chunks of the day traveling to meet up with friends or family. Others go off to the gym, jog, take a run or simply enjoy a day of pursuing something differently from the working week. We do different things. Mine is usually a mix of exploring and researching around innovation in the morning, a couple of hours at the gym, a walk to finish off and then a mixture of enjoying a nice home-c

System 147
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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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Six best innovation practices to engage Millennials and Gen Zers

Exago

All businesses are created first by ideas. Then, once you are in business, you need new thinking for design, engineering, radical improvement, manufacturing, marketing, advertising, problem-solving, customer retention, etc. Often the difference between success or failure in business is a simple idea. The post Six best innovation practices to engage Millennials and Gen Zers appeared first on Exago.

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Innovate like a Software Start-up

Destination Innovation

Large organisations tend to treat major new product developments as serious projects which require serious resources. They use project planning tools and stage gate processes. However, despite all of the management science the large majority of new products fail – certainly in the fast moving consumer goods sector. So maybe corporations should copy some of the ideas and methods used by tiny start-ups.

Software 198
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We could all use a little Sharknado thinking

Jeffrey Phillips

I saw a sign in my Twitter feed recently that spoke volumes about innovation culture. Let's contemplate the audacity of suggesting an idea about a movie full of sharks in tornadoes for just a moment. Creativity and Combinations To suggest a movie about sharks in a tornado demonstrates creativity. Good innovation often happens when you combine two unexpected attributes or components together to create something new.

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Is Your First Best Idea Really the Best Idea?

IdeaScale

Like chess, for innovation having an idea is just the first step. Is your first idea really your best? It’s often held as an adage, but the history of ideas tends to prove the opposite. Thomas Edison is the classic example: You’ve likely heard he took 10,000 prototypes to invent the light bulb, but the truth is even more involved. Edison claimed he formed three thousand theories about how electric lights might work, and discarded all but two, with thousands of prototypes and experim

Examples 174
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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.

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Don't Loose Sight of Innovation's Real Purpose by Looking Deeper Into the Portfolio Management System

HYPE Innovation

We have all become totally wrapped up in thr “Innovation Theatre.” Some have called these song and dance routines , others like Steve Blank, have described their view of “innovation theatre” around the current obsession of setting up outposts , mostly in Silicon Valley. We seem to be layering on more and more activities to grab the attention and spread out our innovation resources.

System 140
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Putting some dynamic tension back into the innovation system

Paul Hobcraft

I have been having some writers block recently and I was not sure how to unlock some random thoughts I was having in the past weeks, then in a great conversation I had today, with a fellow innovation colleague, it started to “reveal itself” in where I needed to go to give a new sense of repurpose. A collaboration is being mooted between us but until there is a point of common understanding much stays under wraps until we both get to a more comfortable point, where we feel it can go f

System 140
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Nick Skillicorn and Idea to Value: now coming to you from Australia

Idea to Value

Hi everyone, This week’s update is going to be a bit more personal. The reason why I haven’t been able to release as many articles in the last few weeks is quite simple. Over the past month, I have moved to Sydney, Australia with my lovely girlfriend. I have taken a job with Deloitte’s Strategy Consulting division, who brought me on to help take their client-facing innovation propositions to the next level.

Training 117
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Innovation Isn’t About What You Control, But What You Can Access

Digital Tonto

Competitive advantage no longer lies at the top of a value chain, but at the center of networks Related posts: The Access Economy. Now, Anyone Who Wants Can Access The World’s Most Advanced. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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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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Authoring ideas

Jeffrey Phillips

As a sometimes writer of blogs, white papers and even a few books, I understand the challenge of facing a blank page, trying to form the words into meaningful and insightful sentences. A lot of times the concepts and ideas that sound so good in my head get misplaced and mis-translated on the page or simply don't ring with the same clarity when written that they seemed to have when I thought about them.

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Top 15 Reasons to Attend Open Nation

IdeaScale

Have you booked your flight yet? I t’s that time of the year, my friends, to solidify plans to come to Open Nation – IdeaScale’s annual customer summit. Open Nation is being held on November 2-3 this year in Berkeley, CA. It’s a place for you to connect with other IdeaScale customers and hear from other innovation management practitioners and take back best practices to your innovation communities. .

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The Business Case Alternative: How to Support Disruptive Innovation at a Large Company | Collective Campus

Collective Campus

Disruptive ideas usually don’t see light of day at large companies. And when they do, it’s not for long. If an idea falls under the banner of Horizon 1 innovation, then congratulations - most large companies are already built for this and a business case is an almost perfect vehicle for it. But if an idea proposed by an employee meets this definition of disruptive innovation, then it needs an alternative approach.

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10 Ways to Improve Your Company's Broken Ideation Process

Idea Champions

OK. You're busy. I get it. Which is why I just deleted the first four compelling, context-setting paragraphs to this blog post and will now simply cut to the chase: Your company's "ideation process" is either non-existent, seriously flawed, or a joke. You know it. I know it. And 99% of the people you work with know it -- a longstanding phenomenon that spawns nothing but frustration, wheel spinning, and resignation.

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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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10 Companies That Were Too Slow to Respond to Change | Collective Campus

Collectivecamp

It’s crazy to think that 88% of the Fortune 500 firms that existed in 1955 are gone. These companies have either gone bankrupt, merged, or still exist but have fallen from the top Fortune 500 companies. Most of the companies on the list in 1955 are unrecognizable, forgotten companies today.

Company 92
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Here’s How You Know Your Industry Is About To Be Disrupted

Digital Tonto

Consolidation is always a sign of weakness and only hastens an industry's demise Related posts: This Is How Your Business Will Be Disrupted. How Ad Agencies Can Avoid A Death Spiral. Amazon’s. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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The Orange Socks Story I’ve Never Written Before

BrainZooming

Yesterday marked a momentous day professionally, that seemed big on the day it happened, but not as life-changing as it has become. On October 22, 1997, I wore orange socks for the first time. Current Orange Socks. The occasion was presenting our first strategic market plan at Yellow Transportation (whose name was Yellow but whose color was orange) to the senior leadership team.

Video 0
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Incremental or Radical Innovation?

IdeaScale

Are you inside or outside the box? Why not both at once? Is incremental or disruptive innovation better? That’s a tough question to answer. It depends on where your business is and what you want to archive. In your approach to innovation, you should weigh them both. What Is Disruptive Innovation? “Disruptive” boils down to a drastic shift in how your business or your entire industry changes.

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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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KPIs and Employee Incentives to Encourage Corporate Innovation | Collective Campus

Collective Campus

Managers are incentivised to deliver on an existing, repeatable business model, not to help discover new ones. So how do we incentivise them to innovate without sacrificing the core business model which is, after all, where we make money today?

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The Compelling Attractiveness of Fewer Ideas

Bill Fischer

Too many ideas might lead to leadership overload and strategic paralysis. Sometimes, fewer ideas are better than too many. Here are lessons of leading in a volatile world with a few key ideas that allow you to share leadership with others.

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3 Innovators of the 1800s Who Changed the World

InnovationManagement

Humans have been incredible innovators since the beginning of our history. Each new invention laid the groundwork for more sophisticated technology, more advanced cultural practices, and more impressive innovations. We often take the things we have for granted, but it’s important to remember that not so very long ago, great minds were working on innovations that would change the world and make our lives easier, safer, and more comfortable.

Change 74
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The Platform Fallacy

Digital Tonto

Despite all the excitement about platforms, businesses still need to create, deliver and capture value Related posts: Today, Every Business Must Transform Itself Into A Platform. Is Your Platform. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.