January, 2020

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How to Build a Future-Proof Strategy

HYPE Innovation

The third in HYPE's series on the ten most-often-asked questions about strategic foresight, this post offers guidance, practical tips, and examples of how to build future-proof strategies. Usually, a strategy boils down to four elements: a vision, strategic goals, strategic choices, and key means of execution (e.g., strategic initiatives or must-wins).

Strategy 191
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Five Foundations for a Culture of Innovation

Destination Innovation

If you are trying to transform an organisation which is sluggish and risk averse into one which is innovative and entrepreneurial then you have taken on a massive task. One approach is to use the Prosci ADKAR Change Management methodology as advocated by Jeffrey Hiatt and Tim Creasey. It consists of five key stages. 1. Awareness. It is critical for the leader to communicate the need for change and the importance of the initiative.

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Innovation isn’t supposed to be fun

Idea to Value

Gary Pisano, a Harvard Business School Professor, wrote an excellent article in HBR last year on the hard realities of what innovative company cultures actually look like, which I highly recommend every aspiring innovator to read. The bottom line? The inspiring and comfortable attributes, such as freedom, low hierarchy, and tolerance for failure that are associated with innovative company cultures are universally appreciated, accepted, and adopted.

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The “average customer” does not exist, so stop designing products for fake personas

Idea to Value

What can Startups and Corporates learn from an obscure 1950 research study on the bodies of 4,063 Air Force personnel? A lot of companies say they put their customers at the heart of everything they do. These are the people who they design their products and services for. The customer is always right …(?). And yet, usually they don’t actually know who their customers are.

Design 225
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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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Peeling away the layers of your innovation reality

Paul Hobcraft

So do we have a clear understanding of where we are in our current innovation capabilities? We have to establish a way to map our ‘terrain of innovation reality’ in not just how we are performing but what lost opportunities have slipped through. Why well simply because we lacked the awareness to seize on these opportunities when we first spotted them.

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Why Emotional Intelligence Is a Hallmark of Great Innovation Leaders

IdeaScale

Emotionally intelligent leaders spur their teams to innovation. Have you ever wondered what makes successful business leaders innovative? All executives have varying opinions on the qualities that make up a good leader, but the most important factor lies in the results. Forbes interviewed business leaders to get their perspectives on what makes a great leader.

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Increasing ROI Increases ROI

Kainexus

I know what you're thinking. First, What does ROI mean? And second, why and how does increasing ROI create more ROI?

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Boosting Innovation by Starting at Step Two

BrainZooming

Innovative ideas and implementation can start without you (or your organization) taking the first step. You can tinker your way into boosting innovation by starting at step two and building on work that others created. Think of the pre-work before you innovate as a fantastic launching pad for new ideas. Boosting Innovation by Starting at Step Two. I saw a fun reminder of this opportunity via the December 2019 edition of Seasons, the monthly food, life, and health magazine from HyVee grocery stor

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Governing innovation extensively doubles revenue growth

Exago

A recent report by Accenture has found that fewer than one in eight companies govern innovation extensively. More importantly, those that do have achieved twice the revenue growth of those that don’t. The report, which examines how innovation is and will likely be governed in the future, found that only 12% of companies govern innovation […]. The post Governing innovation extensively doubles revenue growth appeared first on Exago.

Report 264
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Organizations suffer constantly from unhealthy Innovation tension

Paul Hobcraft

How often do you feel the tensions surrounding innovation? A tough part of managing within larger organizations is in reducing the layers and competing forces, the underlying tensions that innovation (uncertainty) brings out? Hierarchy so often dominates or dictates the speed of what we do. That is so often set in weird logic and a shrug of the shoulders.

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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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Three Creative Thinking Challenges

Destination Innovation

Are you creative? I want to show you that you are can be more creative than you might think. Please take a moment to view these three Creativity Challenges on Youtube. Creative Challenge #1. Creative Challenge #2. Creative Challenge #3. Please try the challenges and prove to yourself just how creative you can be! They are taken from six creative challenges included in my new course – Boost Your Personal Creativity.

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What Is Quantum Innovation?

IdeaScale

Like a lightning strike, quantum innovation often arrives when it’s least expected. We’re used to one form of innovation: the slow, incremental kind, where new features are added and previous ones are refined and updated. What about the other kind, the kind where something terrific comes out of left field? That’s “quantum innovation.” Quantum Innovation: Like Lightning.

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Why You Should Look Outside Your Organization to Create Impact

HYPE Innovation

There is a lot of talk nowadays about purpose, value, and worth at both the individual and organizational levels. Take this recent headline from The Economist: “What Companies Are For.” It’s a profoundly philosophical topic – and one that every company should carefully dissect.

Company 214
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What Amazon’s Entrance Tells Us About The New Era Of Quantum Computing

Digital Tonto

Make no mistake. The future will not be digital and digital strategies are unlikely to succeed in a post-digital world that will likely includes not only quantum technologies, but neuromorphic. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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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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To succeed in 2020, the 6th element is flexibility and resilience

Exago

Innovation is an ongoing process. As such, the sixth and final element for managers to consider to innovate successfully in 2020 is flexibility for change and resilience for survival. The post To succeed in 2020, the 6th element is flexibility and resilience appeared first on Exago.

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Cracking the complexity code

Paul Hobcraft

There was a good article within the McKinsey Quarterly published way back in 2007 entitled “Cracking the complexity code,” written by three authors Suzanne Heywood, Jessica Spungin, and David Turnbull. It still has a lot of relevancy in my mind today. They lead this article with “one view of complexity that holds that it is largely a bad thing- that simplification generally creates value by removing unnecessary costs.

System 227
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Six Questions Leaders of Change Must Answer

Destination Innovation

If you want to lead a transformation in the business, then you have to sell the idea over and over again to people throughout the organisation. In particular, the leader has to answer these questions which are present in people’s minds even if they are unspoken. Why do we need to change? We have already had so much change and now things are starting to go well so why rock the boat?

Change 246
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Does Your Company Struggle with Innovation Anxiety?

IdeaScale

Innovation anxiety can keep your team from doing its best. Whenever demands made on a person, team, or organization aren’t properly matched with the resources needed to address them, stress is the result. Understaffed departments suffer from sloppier work and lower morale. Underfunded teams struggle to hit deadlines and meet quality milestones.

Company 211
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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 Innovation and Empathy in the Cards?

Braden Kelley

As part of the leadership team for a new human-centered problem-solving offering for select Oracle customers, I’m always on the lookout for new tools to integrate into our flexible problem-solving process to help clients innovate, grow or transform.

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Innovation Building Block 2 - important, unsolved problem or opportunity

Jeffrey Phillips

I'm going back to basics for a handful of blog posts - back to what I call the innovation building blocks. In the first blog I wrote about the importance of defining an innovation bias in your culture. In this episode of the continuing series on innovation building blocks, I'm going to be focusing on the importance of an important and unsolved problem or opportunity.

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Why Fears About China Are, Mostly, Overblown

Digital Tonto

Many predict that China will dominate the 21st century in much the same way that America dominated the 20th. Yet I’m not so sure. First, American dominance was due to an unusual confluence of forces. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Recognizing different innovating capabilities to develop and grow

Paul Hobcraft

A firm’s ordinary capabilities are the ones that enable us to perform efficiently and effectively, those essential routines and practices that often require having a high level of technical need supporting these activities. In contrast, dynamic capabilities are those higher-level competencies that determine a firm’s ability to integrate, build, and reconfigure both the resources and skills to possibly shape, they have the power to transform, and then be deployed to meet rapidly changing business

Resources 211
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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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Healthcare trends that are shaping 2020

Board of Innovation

Reading Time: 10 minutes We discuss the trends that will overhaul the healthcare industry in 2020. While data sharing, 5G, supply chain & logistics, and AI will be big, consumer behavior will make all the difference. The post Healthcare trends that are shaping 2020 appeared first on Board of Innovation.

Trends 132
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5 Tech Issues That Can Slow Down Innovation

IdeaScale

In our minds, technology and innovation are interconnected. However, for every technological advancement, there seems to be a learning curve or adjustment period as we try to figure out how to implement automation into our daily lives. source: pixabay.com. Sometimes the problem is compatibility with legacy systems, but there are also skills gaps to overcome, decisions about how much tech you need and where to apply it, and coping with business disruption or temporary lags in productivity.

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The Anatomy of Innovation

BrainZooming

By Emma Alvarez Gibson. It was a cold, rainy night in upstate New York, and I was snug inside the spacious studio loft that my friends Frank and Mae (names have been changed to protect the guilty) built on their property. Their setup is legit by any standard: a drum kit, keyboards, a bass, a couple of guitars, a good variety of smaller percussion instruments, and many microphones and speakers.

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Demographics is your destiny

Jeffrey Phillips

In a short break from my recurring posts on innovation building blocks (see articles on innovation bias , f inding important unsolved problems and discovery and exploration ) I was motivated to write today about demographics and destiny. As a person who really enjoys understanding how the future will unfold, there are few more important trend lines and signals than demographics, yet far too many companies ignore the clear signals that demographic change indicate.

Trends 214
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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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2020: A Decade To Rediscover Our Humanity

Digital Tonto

We are present at the creation of a new technological era in the midst of a pivotal political moment. The choices we make over the next decade will have repercussions that will reverberate throughout. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Dynamics within the system are always dominated by the slow components.

Paul Hobcraft

The worrying thing is within any dynamics within the system they are dominated by the slow components, and the rapid components simply have to follow along. Look at how larger organizations operate. They will often wait while one part of the organization is reluctant to make a decision, even when their decision is not one that has real implications, it is ‘they’ expect to be within the decision loop.

System 191
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He-Man can teach you powerful lessons about how to successfully manage continuous innovation

Board of Innovation

The whiplash journey of Mattel’s beloved kids’ toy range perfectly sums up the fundamentals and key challenges of managing continuous, successful corporate innovation. The post He-Man can teach you powerful lessons about how to successfully manage continuous innovation appeared first on Board of Innovation.

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How to Scale Your Innovation Program

IdeaScale

Innovation drives growth.?. Any well-run business grows, whether at a rapid clip or steadily as it adds clients, products, and services. Thus, every part of a business feels growing pains; departments need more staff, solutions that worked before begin to struggle under the increased volume, and informal approaches break down. This is true of innovation strategy as well, but it doesn’t have to be that way.

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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.