August, 2015

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The most common innovation project failures

Jeffrey Phillips

I had the opportunity to speak to a leadership team that is considering building an innovation capability in their business. I was asked a question I get infrequently, but one I enjoy answering. The question is: what keeps businesses from innovating effectively? The answer that I think most leadership teams want is: good ideas. After all, it's easier to explain away the lack of innovation if you can say that most teams lack good ideas.

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Stop innovation fizzling out due to lack of leadership buy in

HYPE Innovation

I never seemed to have a shortage of ideas but getting the business support necessary to actually drive them through to implementation was at times struggle. We have heard many times over that a tangible and impactful innovation program requires alignment of strategy, vision, leadership, culture, processes, systems and communication. Easy right? We all know it is not that simple, and the truth is, in many cases we find ourselves faced with a business that wants ‘Innovation as a core pillar for g

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Tournaments: Collaboration for a Rapid Outcome

Imaginatik

Tournaments are community driven. Tournaments are an engagement tool aimed at achieving maximum performance in: Collecting ideas. Encouraging collaboration between participants with different skills. Achieving results for a challenge in a very short period of time -approximately one month. It is a well-defined program and yet, for those involved in the innovation ecosystem, assimilating them with other engagement programs is a common mistake.

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Technology leads, innovation exploitation is lagging

Paul Hobcraft

There is a growing, perhaps even an overwhelming business case, for transforming the innovation management structure. The new combination is the new connections through people and things (IoT) that we can achieve a new innovation potential. We will obtain increasing more powerful insights that have the real potential of being turned into new innovation outcomes, through the connected businesses we are presently needing to build.

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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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Your innovation journey, why is it relevant anyway?

Exago

You may have the resources and the tools to move along your innovation journey, but if the outcomes seem irrelevant, so does the entire innovation initiative. How do you solve this? Simple but essential: pick the right fights, the ones. Read More. The post Your innovation journey, why is it relevant anyway? appeared first on www.exago.com.

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Why Companies are Turning to Innovation Centres

Destination Innovation

Nine out of ten companies believe that they are too slow to market with new products. In the consumer goods category around 80% of new products fail. Since 2000 52% of the Fortune 500 have merged, been acquired or gone bankrupt. These are some of the reasons why senior corporate executives are increasingly turning to separate innovation labs to spearhead their new product development.

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Self-fulfilling Prophecies and Innovation Success

HYPE Innovation

Having organised a number of innovation management events for practitioners this summer it has (re)occurred to me just how strongly success ties into the psychology of winning. The idea is pretty simple: Do some creative thinking, ideally with a customers’ job(s)-to-be-done in mind, design the long red carpet of success, sew it flawlessly, roll it out enthusiastically, and start walking into the pleasant but eventually rewarding unknown.

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Living Life by Text Message

Braden Kelley

I did my MBA at London Business School in the United Kingdom and one of the benefits of studying at a top school and being an alumni is seeing all the really cool things that the entrepreneurial alumni coming behind … Continue reading →

Study 133
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Our inabilities to adapt needs changing.

Paul Hobcraft

Erosion is everywhere, it just seems inevitable, we somehow get caught up in the process of time and our organizations seem to ‘freeze’ before our eyes, then simply age. They become fixed, rigid and locked into their established ways, not adapting to the changes occurring around them. We often give up and leave, moving on to better places and challenges.

Change 196
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Taking the innovation journey? Remember to harness these resources

Exago

As we,ve seen, innovation demands resilience, and both top-down and bottom-up support. It may not always seem obvious, but you’ll also need a constituency inside the company to provide support throughout the different phases of the innovation process. Ongoing training. Read More. The post Taking the innovation journey? Remember to harness these resources appeared first on www.exago.com.

Resources 118
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From Data to Decisions: Maximizing Retail Potential with 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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Adversity can be a Spur to Innovation – as shown by the Greatest of Composers

Destination Innovation

Possibly the greatest composer of all time and certainly the most revolutionary was Ludwig van Beethoven. Before Beethoven classical music was genteel, calm, structured according to strict rules and designed to please wealthy patrons. Beethoven introduced the Romantic Movement with music that was powerful, disturbing and passionate. He composed nine symphonies, five piano concertos, one violin concerto, 32 piano sonatas, and 16 string quartets.

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Barely scratching the surface

Jeffrey Phillips

It's funny to me to read about the impending death of innovation, or how innovation doesn't add any value, or how often you can read about new innovation methods or techniques when most people haven't ingested the basic tenets yet. For all the talk about innovation, for all the "I'm so over" innovation eye-rolling, it would be nice to admit a really simple fact that is as plain as the nose on your face: 80% of the people in most organizations simply don't know that much about innovation.

Culture 181
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Deeper reading or quick summary- often we don’t have the time?

HYPE Innovation

I recently wrote a post “ Delving into a complex world- finding research to help you learn and adapt ”. On reflection I should have replaced the word “research” with “time”……to help you learn and adapt. Finding time is a real struggle and going that extra mile to read thought leadership views can be a step to far, I know but I can’t help myself, it is part of my job and certainly for me, many are really worth it.

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Voting Open for Thinkers50 Top Management Thinkers for 2015

Braden Kelley

Thank you everyone for your nominations for the Innovation category of the Thinkers50 Distinguished 2015 Distinguished Achievement Awards. The short lists for the eight categories will be announced in early September.

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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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Idea challenges: Giving a Voice to New Business Opportunities

Imaginatik

How many ideas fluctuate within your organization without enriching your portfolio or becoming business projects? The vast majority of them are never even voiced, why bother when nothing happens right? Engagement programs are a valuable path to change that dynamic. At Imaginatik, we have developed eight sustainable strategic processes to achieve engaging in ideas and taking them beyond idea to action.

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Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. We are also witnessing such significant erosion of long-standing practices, established boundaries between suppliers and customers, you get this feeling that everything is blurring.

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Iterate, Iterate, Iterate, Innovate

Destination Innovation

The game Angry Birds was a huge hit for the Finnish game developers, Rovio Entertainment. It sold over 20 million copies on various mobile platforms. The spin-off products include books and a Sony film. Angry Birds was released in 2009. It was the 52 nd game that Rovio had launched since the company was founded in 2003. There were 51 earlier attempts before the big hit arrived.

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Innovation decreases with knowledge

Jeffrey Phillips

Did the headline of the post grab your attention? Did you think I was going to assert that dumb people are better innovators? Nothing of the sort. However, I think I can positively assert that bringing all of your knowledge to bear on a problem that needs innovation is often exactly the opposite of what you should do. Here's why. If you can solve a problem with all of the knowledge you possess, drawing on everything you know and expect to be true, you are narrowing your range of solutions and ca

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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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Mantras aren’t enough. This journey takes real commitment.

Exago

These days, you rarely find an organisation where innovation is not part of leadership’s mantra. Yet the time and resources dedicated to it are far less than other disciplines, like quality and customer service. The challenge is that innovation is. Read More. The post Mantras aren’t enough. This journey takes real commitment. appeared first on www.exago.com.

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The Whole Foods Strategy…Isn’t (Whole)

Matthew May

There’s an interesting strategic play being made by Whole Foods Markets, in the midst of the company’s nearly $2 billion one-day drop in market value a few weeks ago, on the announcement of a shareholder lawsuit. Whole Foods had already come under legal pressure concerning claims of overcharging, but this new lawsuit claims securities fraud. Now, when shareholders file a lawsuit like that, it’s not a good thing.

Strategy 186
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Play vs. work mode

HYPE Innovation

The other day I was playing a board game with my kids and I honestly can say I had the time of my life. Later, I did some self-reflection that resulted in what I wouldn’t call a groundbreaking realization, but it definitely shook my understanding of how I want my life to be. Here it is – I am so much more creative and inspired when I am not at work!

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Shifting Radically the Innovation Business Model

Paul Hobcraft

Shifting Radically the Innovation Business Model. I have been spending some significant time on questioning the current innovation business model, from both the customers (clients) perspective and the innovation consultants’ one. Now we all know not all things are equal, many companies have invested significantly in improving their innovation capabilities.

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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.

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Bland Products Upset No-one but Delight No-one.

Destination Innovation

A Negative Reaction is Better than No Reaction. South Park is a highly successful cartoon sitcom created by Trey Parker and Matt Stone for the Comedy Central TV network. The show was launched in 1997 and quickly became notorious for its rude language, minimalist characters and black, surreal satire. It was aimed at an adult audience and poked fun at a wide range of topical or taboo subjects.

Marketing 135
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Day to Day Innovation Survey Results to date

Jeffrey Phillips

Many of you know that we are conducting a survey of innovation practitioners. If you haven't responded, please take ten minutes to provide us your insights. To encourage you and to provide a mid-survey report, I thought I'd reflect on a few findings to date. Remember that we are interested in what the people who are actually "doing" innovation think.

Survey 189
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Are you ready for your innovation journey?

Exago

Innovation is the way, the only to way, to stay ahead in the race. It’s the ongoing attitude that makes it possible. A source of opportunities, to create differentiated business models, products and cost structure that can ensure resilience and. Read More. The post Are you ready for your innovation journey? appeared first on www.exago.com.

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Get More Done

Braden Kelley

What Matters Most Management (WMMM) is the Key to Success Most times you’ll see this posed as a question “What matters most?” as people grapple with finding the meaning of life.

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How to Achieve Product-Market Fit

Speaker: Dan Olsen - Product Management Trainer and Consultant, Author, and Speaker

Everyone working on a product is trying to achieve the same goal: product-market fit. But most products fail to do so. In this webinar, product management expert Dan Olsen will share his simple but effective framework for achieving product-market fit from his book The Lean Product Playbook. He will explain his Product-Market Fit Pyramid and The Lean Product Process, a 6-step methodology that guides you through how to: Determine your target customer Identify underserved customer needs Define your

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Designing an Innovation Management Event – Part 1: Laying the Groundwork to Engage Your Community

HYPE Innovation

Summer is not only an ideal time to catch up on some reading (maybe you remember Tim’s list from March), but also a perfect time to catch up on some skills. Collaborative innovation skills to be precise. Because, as I hope you realise by now, the terms “innovation” and “collaboration” are not mutually exclusive. In the spirit of such practical initiatives, which are not only trending but also good karma for your organization – i.e.

Design 186
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Anticipating disruption by preparing adaptive pathways to respond

Paul Hobcraft

disruptive innovation pathway options. Option pathways are those viable alternatives available when you are suddenly confronted with the need to change. By being proactive, anticipating and structuring the options ahead you can be more prepared for disruption, you can respond with more thoughtful reactions. Have you ever considered option pathways?

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How to Write a Winning Business Proposal

Destination Innovation

The Business Proposal is an essential document not only for Sales people but also for anyone who wants to submit a serious proposition for internal or external approval. The process starts with a thorough understanding of the client’s needs, problems and priorities. If a Request for Proposal (RFP) document has been issued by the client then it must be read carefully.

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Soren Kaplan’s July Newsletter

Leapfrogging

. While you were watching Ant-Man or Jurassic World, a summer action movie-style battle went down between Amazon and Walmart. Both retail giants offered discounts and promotions to rival those only seen during traditional Black Friday sales. The retail battle royale created the kind of hype associated with summer blockbusters and put the marketing punch for the new Terminator to shame. <&nbsp> It’s all about business model innovation.

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Reimagined: Building Products with Generative AI

“Reimagined: Building Products with Generative AI” is an extensive guide for integrating generative AI into product strategy and careers featuring over 150 real-world examples, 30 case studies, and 20+ frameworks, and endorsed by over 20 leading AI and product executives, inventors, entrepreneurs, and researchers.