March, 2018

article thumbnail

How Do We Build 21st Century Business Skills?

Tim Kastelle

“How do you teach people to be more comfortable with ambiguity?” That was the question from the person in charge of Talent for a big bank at a workshop we ran with them recently at UQ. My response was: “The first thing we need to do is give them projects to do where we can’t know what the right answer is in advance.” Of course, we often avoid doing this in universities, mainly because…… we’re uncomfortable with ambiguity ourselves.

Project 254
article thumbnail

Participation leads to Innovation

Destination Innovation

Spigit is a leading innovation management software company. They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’ Northwestern University’s Kellogg School of Management carried out a study of data from 154 corporate customers of Spigit over a five year period. The findings are instructive. They report a significant correlation between ideation rates (generating good ideas) and profit growth.

Ideation 204
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How the 'Not Invented Here' Effect Impacts Innovation Success

HYPE Innovation

Getting past the 'corporate immune system'. Imagine the scene. A warm summer’s day. The tree-lined slopes of gentle hills stretch towards a darker valley below. There’s a river running through it, sparkling water, dappled light through the leaves. Now place a party of schoolboys there, shipped out from the nearby town – lucky kids from well-off families, enjoying the fun of summer camp.

System 197
article thumbnail

The new ROI for digital innovation

Paul Hobcraft

Innovation has had a bigger brother moving into the house next door; Digital Technology and between them, they have been busily knocking the walls down, to share the future going forward. The two have become interlinked, you seem to always need the one to respond to the other. Maybe it is a “digital – innovation twin” that shapes the physical world with digital understanding- think about the current Industrial Digital Twins for IIoT solutions.

article thumbnail

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.

article thumbnail

Why “Path-to-Value” is Crucial for Corporate Innovators

Imaginatik

Recent conversations with a new Imaginatik client, from late 2017, have stuck with me these past few months. It highlights the importance of a new concept that every corporate innovation leader needs to internalize: the Path-to-Value for each innovation. If this notion is not already in your vernacular, it needs to be. To understand why, we’ll dig into the story from this client.

article thumbnail

How is Open Innovation Different from Co-Creation?

IdeaScale

When innovating, do you stick to what you know or the wider world? “Open innovation” and “co-creation” are words you hear a lot when building an innovation strategy, and they also seem to be words that most people poorly define. To some, they’re interchangeable. To others, they’re wildly different. The truth is that they can feel similar, but their differences are a matter of boundaries.

More Trending

article thumbnail

Innovators in FMCG love Direct to Consumer

Destination Innovation

In 2010 the Gillette brand which is owned by Proctor and Gamble held 70% of the US market for razors. It boasted continuous innovation in product design and enjoyed a gross margin of around 60%. Its market share has now slid to around 50%. It has suffered at the hands of two aggressive start-up companies which went direct to consumer (DTC). They are Harry’s and Dollar Shave Club.

article thumbnail

Changing corporate culture to encourage more innovation

Jeffrey Phillips

I've written and spoken about the importance of corporate culture and its impact on innovation over the last 15 years or so. Heck, one of the underlying issues I address in my book Relentless Innovation (shameless plug) is the overwhelming challenge that corporate culture presents to an innovation team. I've argued that corporate culture, more than any other issue, is the biggest barrier to sustained innovation.

Culture 150
article thumbnail

So Where Is Innovation Heading?

Paul Hobcraft

I have written a fair amount about the new innovation era, offering a view on its future design. One that is jumping to a fresh cycle of innovative design. We are in the middle of it, some of you may not have noticed its impact and change but it is significant on the understanding of innovation, in it’s future design. Often this era of change is not as well-recognized or being faced up to, as you would expect.

article thumbnail

Absorptive Capacity, Knowledge and Idea Management Builds Innovation Capacity

HYPE Innovation

Let's start with some defining statements and then explore Absorptive Capacity, as it has an important role to play in innovation. Innovation is dependent on becoming aware of known external ideas and innovations in the market. Alternatively, innovation can come suddenly out of piecing together strands of thought, which form into something radically different, unknown to the world until now.

article thumbnail

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.

article thumbnail

Do You Know the Value of an Idea?

IdeaScale

If you’ve been reading our blog, then you know that there are two ways of measuring innovation program success : innovation inputs and innovation outputs. One of our customers is so good at measuring their innovation outputs, that they know the value of every incoming idea (whether it’s implemented or not). This is something that you see in almost every practice that includes a funnel.

Course 164
article thumbnail

Optimise your cost-cutting strategy with the right innovation management tool

Exago

You can save time and money by having your employees contribute ideas for the cost-cutting strategy, as well as cost-optimisation ideas that can transform and impact the company positively. Examples from our clients' innovation management programmes show just that. The post Optimise your cost-cutting strategy with the right innovation management tool appeared first on Exago.

article thumbnail

The Little Innovation which Powered E-Commerce

Destination Innovation

It is clear that the internet has transformed how we shop. More people are buying more products and services on-line than ever before. High-street retailers and big brands are suffering at the hands of on-line merchants large and small. There is one often overlooked innovation which has enabled this trend. It is buyer/seller feedback. A key component of any business transaction is trust.

article thumbnail

Building an Innovation and Insights Group from Scratch

Braden Kelley

Many of you reading this have created or operated innovation or insights programs for organizations of a variety of sizes, or are curious about how to go about it.

Groups 138
article thumbnail

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.

article thumbnail

There are Knowns and Unknowns in Innovation: Let’s Manage Them Differently

Paul Hobcraft

This quote is from the former U.S. Secretary of Defense Donald Henry Rumsfeld, who mentioned: “unknown unknowns” (Rumsfeld, 2002). Since then, people have started using quadrants of knowledge, i.e., known known, known unknown, unknown known, and unknown unknown, to understand and explain the nature of risk but also of leading to an opportunity. For innovators so much of innovation is hard to detect, it needs discovery and working through these quadrants of knowledge as well.

article thumbnail

How To Solve A Really Tough Problem In 3 (Not So Easy) Steps

Digital Tonto

The key to solving fundamental challenges is to go both wider and deeper Related posts: The Uncertainty Problem. How to do a Turnaround in 5 (not so easy) Steps. Top-down vs. Bottom-up Strategy. How. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

How To 140
article thumbnail

The Data Economy & GDPR – Innovating around Regulation!

IdeaScale

When you hear the word “regulation” – the first thing that comes to mind is bureaucracy. Especially, when it comes to the European Union! The EU directive of data-protection, privacy and general regulation of its data-economy is largely tied to the upcoming launch of the GDPR regime in May 2018. As with every regulation, there are perceived winners and losers – and ample room for innovation within the regulatory framework.

Data 150
article thumbnail

How to defeat “Loss Aversion” – the #1 reason why middle managers kill innovation

Idea to Value

In this article, you are going to learn exactly what Loss Aversion is, why is creates crippling fear in middle managers and decision-makers, and a simple model for how you can reframe your company’s thinking which encourages more innovation projects to thrive. A few weeks ago, I was leading a discussion at Deloitte about exactly why it is so hard to get support for new ideas within established companies.

article thumbnail

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

article thumbnail

Eight Tips for Better Conversations

Destination Innovation

Photo by Isakarakus on Pixabay. You probably know some people who are unremittingly dull company. You may be fortunate enough to know some brilliant conversationalists who can enliven any discussion. In which category would other people place you? How can you improve your conversational skills to become a welcome sight at every social event? Here are some tips.

Tips 193
article thumbnail

What’s Your Innovation Story?

Braden Kelley

Many, but not all, innovations involve some kind of technology, and start as an invention. Many of these technology-based inventions that may eventually become innovations are created by startups, but many are created inside large companies as well.

article thumbnail

Innovation is often the triumph of hope over experience

Jeffrey Phillips

Oscar Wilde, perhaps one of the most acerbic and humorous writers of the 19th century, once commented that a second marriage after a failed first marriage was the "triumph of hope over experience". His point was that people continued to pursue marriage, even in the face of bitter previous failure. Now Wilde was a bachelor, and also unable to marry in his time, since he was gay, and may have had a bit of snark in his writings, but his point remains.

article thumbnail

How Gandhi Would Lead Us Toward An AI Future

Digital Tonto

We can’t lose sight of the fact that technology should serve people, not the other way around Related posts: 4 Things Gandhi Can Teach Us About Transformational Change. We Need To Stop Trying To. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

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

article thumbnail

Connecting the Dots between DevOps and Innovation

IdeaScale

How can DevOps encourage innovation? DevOps, short for development and operations, is all about breaking down “silos” in organizations. It’s not enough that one group does the work of designing a product or a service and that the other puts it to use. Instead, they need to communicate with each other, to understand how each side approaches the opportunities and challenges that are presented by their jobs.

article thumbnail

Egoistic Altruism – The reason why innovating for individual gain helps everyone

Idea to Value

The video above is a wonderful explanation of a concept of innovation which is so often overlooked: Individuals who lead innovation gain the most from it. But society gains even more overall in the long run. At its most fundamental level, it is driven by the forces of economics. Kurzgesagt , a wonderful Youtube channel explaining everything from gene editing to the end of the universe , just released this video about the driving forces behind global innovation.

Video 107
article thumbnail

Are We Taking the “U” Out of UX?

Boxes and Arrows

What is a UX designer? I recently saw a great ad for a senior UX specialist from MathWorks. Some excerpts: Work with the development team to follow a user-centered design approach as you work collaboratively to brainstorm and design innovative solutions to complex problems. Make recommendations to team members about which usability methods to use to answer their questions about users and design directions based on projects’ needs, goals, and constraints.

article thumbnail

Accelerate Your 2018 Commitments and Start the Year Strong

Braden Kelley

As 2018 picks up speed, perhaps you are a manager or leader with a project that you are responsible for finishing before the end of the first or second quarter.

Project 117
article thumbnail

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.

article thumbnail

You cannot survive doing more of the same

Jeffrey Phillips

It seems so funny, looking back on a meeting I attended about 20 years ago. At that meeting a good friend was presenting a new book, entitled Who Moved My Cheese? He was recommending this book to all of us in the leadership team of a mid-sized ERP consulting firm. Of course most of us read it and thought - hmm - that's interesting. We need to get better at accepting change, instead of seeking to sustain the status quo.

Agile 113
article thumbnail

America Can Win Manufacturing In The 21st Century. Here’s How:

Digital Tonto

We have all the resources we need. It remains to be seen whether we have the vision or the will. Related posts: We Need 21st Century Solutions For 21st Century Problems. 3 Paradigm Shifts That Will. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Resources 113
article thumbnail

What Makes an Organization Innovative?

IdeaScale

Is your organization innovative? We’d likely all think ‘yes’ without hesitation. But in truth, what makes an organization an innovator, whether it’s a non-profit attacking a problem from new angles or a private company looking for a leg up on its competitors, is more than a question; it’s a set of skills to be cultivated, from the team in the trenches to the leaders at the top.

article thumbnail

Digitization of Human Resources: Challenges and Opportunities

Exoplatform

Digitization of Human Resources is a hot topic these days. What do companies expect out of it? The post Digitization of Human Resources: Challenges and Opportunities appeared first on eXo Platform Blog.

article thumbnail

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.