Sat.Aug 05, 2023 - Fri.Aug 11, 2023

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The Power of Continuous Innovation — and 3 Easy Ways Your Company Can Achieve It

Entrepreneur - Innovation

Innovation can be subtle but significant, and here are three ways to achieve just that.

Company 77
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Four Major Shifts Driving the 21st Century

Innovation Excellence

GUEST POST from Greg Satell In 1900, most people lived much like their ancestors had for millennia. They lived and worked on farms, using animal power and hand tools to augment their own abilities. They inhabited small communities and rarely, if ever, traveled far from home.

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Why Today’s Leaders Need to Be Perpetual Learners

Harvard Business Review

Andrew Liveris likes to defy expectations. Born to immigrant parents in the Australian outback, he would eventually rise to the top of the corporate world, taking over in 2004 as CEO of Dow Chemical. In that job, which he held for 14 years, he won widespread credit for pushing an ambitious sustainability agenda, no easy task at one of the world’s biggest chemical producers.

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The Unreasonable Quest for World-Changing Innovation

Phil McKinney

Innovation is about breaking the norm, pushing the limits, and challenging the status quo. It requires a mindset that is not easily swayed by the force of convention but instead focuses on the possibilities that lie beyond them. This is where the unreasonable come in. As Bernard Shaw once said, “The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself.

Change 80
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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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Focusing on the Learning Components of the Composable Innovation Framework

Paul Hobcraft

Within the Composable Innovation Enterprise Framework lies the core, the different innovation stacks, and the learning components. Here, I want to briefly talk about the importance of the learning components that support the innovation design and especially the different innovation stacks. The elements of the innovation stack are designed to support innovation’s core tasks, including learning, absorbing, assessing knowledge management, creativity, design, experimentation, and testing.

Learning 130
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Self-Serving bias: Why you think nothing is your fault

Idea to Value

How often are you blamed for things which are not your fault? Or get credit for the good things which only happened thanks to you? While in some cases people may really get negative feedback which was completely not their fault, often there is more nuance involved, where the person may not accept their responsibility. Conversely, often people will take credit for good things happening to them, when in reality it had very little to do with their actions.

Study 188

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Startup Database: Best Startups to Watch in 2024 (Updated Monthly)

HYPE Innovation

In the ever-evolving business landscape, a new wave of startups is promising to make its mark in 2024. These early-stage businesses are driven by visionary leaders, disruptive technologies , and an eagerness to solve real-world challenges.

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Creating Urgency: A Key to Success in Sales

Tullio Siragusa

Creating Urgency: A Key to Success in Sales Urgency is more than just a buzzword in the world of sales. It’s an essential mindset that can drive teams to close deals more effectively, acting as a decisive driver rather than a hesitant tire-kicker. But how can leaders instill this sense of urgency within their teams, and why does it matter? Let’s dive into the answers with some concrete examples and strategies.

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Talking About a Difficult Decision — When You Can’t Share All the Details

Harvard Business Review

When you have to communicate a difficult organizational decision to employees, it’s hard to know how much information to provide when you can’t be fully transparent yet. Saying nothing can undermine people’s trust in your motives and compassion, whereas saying too much can leave people feeling overwhelmed and vulnerable as they struggle to process the information and implications.

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Controlled Disruption in the Wild

Flying Fish Lab

Let’s walk down memory lane: The music industry faced significant disruption with the emergence of Napster, a peer-to-peer file-sharing application enabling illegal downloads, causing a decline in CD sales. Napster eventually shut down in the early 2000s because they did break the rules through copyright infringement. Fast forward to today and we are enjoying the services of the likes of iTunes and Spotify who transformed the music landscape, revolutionized music consumption, and generated new r

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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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I Transformed My Company Through AI 15 Years Ago — Here's What I've Learned

Entrepreneur - Innovation

I run one of the world's largest language service provider companies. Fifteen years ago, I made the decision to completely change the DNA of my company to embrace automation and artificial intelligence. Here's what I've learned about adopting AI into your company.

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Embrace the Hard: The Secret to a Fulfilling Life

Phil McKinney

We all want an easy life. We want to coast by without obstacles, challenges, or pain. However, the truth is that easy does not equal happiness or success. It is not natural to avoid the hard. Whether it is a tough workout, a daunting work project, or facing personal demons, hard brings opportunities to grow and learn. It promises to prepare us for the future that we want and to allow us to reach our potential.

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When Should You Take a Problem to HR?

Harvard Business Review

Toxic norms and cultures are among the hardest workplace issues to deal with. They can make people question their values and competence and even wonder if quitting is their only option. Study after study shows that these kinds of cultures drive attrition. Other people make or break our experiences at work. If you’re considering going to HR about a toxic situation at your job, you may be concerned about the potential repercussions.

Study 98
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Recap: The Lean Effect Podcast (EP 128 with Matt Banna)

Kainexus

In a recent episode of The Lean Effect Podcast , Mark De Jong sat down with our very own Matt Banna, Enterprise Account Executive at KaiNexus, to delve into the world of employee engagement, executive buy-in, and process improvement.

LEAN 87
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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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Scale Your Innovation by Mapping Your Value Network

Innovation Excellence

How understanding the players in your game can help you scale successfully GUEST POST from John Bessant There comes a time in innovation when you realize you might have taken on something a bit too big.

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Groupthink is a Leader's Worst Enemy

Phil McKinney

I've recently received calls and emails from several C-level executives and innovation/R&D leaders asking for the same advice. The problem? They fear their departments—and even the larger organization — are falling prey to groupthink. Groupthink is defined as “the practice of thinking or making decisions as a group in a way that discourages creativity or individual responsibility.

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What the Finance Industry Tells Us About the Future of AI

Harvard Business Review

What will artificial intelligence do to industries and jobs? For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. The experience of finance suggests that AI will transform some industries (sometimes very quickly) and that it will especially benefit larger players.

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Continuous Improvement vs Lean: What's the Difference?

Kainexus

We, at KaiNexus, are fortunate to have the opportunity to chat with business leaders across the spectrum about the challenges and opportunities they face. Most conversations involve employee engagement, operational excellence, and customer satisfaction. Continuous improvement is the relentless pursuit of incremental betterment through iterative refinements and innovative adaptations.

LEAN 73
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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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Quick and Easy Way to Help Grow This Community

Innovation Excellence

As many of you know, this Human-Centered Change & Innovation community is a labor of love to make innovation, transformation and experience insights accessible for the greater good. Consistent with this mission, recently I have been making a lot of contributions to LinkedIn’s new collaborative article feature, focusing on the Customer Experience topic area.

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"The Practice: Shipping Creative Work," by Seth Godin: A Book Review

Phil McKinney

"The Practice: Shipping Creative Work" by Seth Godin is a manifesto for every creative soul seeking to make their mark in the world. It's not just about ideas but about making ideas happen. This book takes you on a journey, challenging the reader to rethink their approach to creativity and innovation. Godin's prose is lucid and accessible, making his insights resonate with a broad audience.

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4 Strategies to Prepare for a Late-Career Shift

Harvard Business Review

If you’re a senior professional who has decided to change careers, how will you compete in a new field with younger competition? Will prospective employers immediately dismiss you as a candidate because you’re overqualified? The author presents four strategies to use if you’re preparing to switch gears later in your career: 1) Own your age enthusiastically; 2) Identify multigenerational connections within your network; 3) Be prepared to 10X your job search; and 4) Practice your answers to tough

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10 Powerful Ideation Techniques to Unleash Creativity and Innovation

ITONICS

Generating new ideas and fostering innovation are essential for business growth, market success, and societal progress. However, coming up with innovative ideas can be challenging at times. That's where ideation techniques come into play. Ideation techniques are structured approaches that help stimulate creativity and generate a wide range of ideas.

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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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How to Make Your Customers Hate You

Innovation Excellence

One Zone at a Time GUEST POST from Geoffrey A. Moore My most recent book, Zone to Win, lays out a game plan for digital transformation based on organizing your enterprise around four zones. They are the: Performance Zone, where you make, sell, and deliver the products and services that constitute your core business.

How To 73
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Your Customers Are More Interested in Your Purpose Than Ever — Here Are 3 Steps to Showcase It

Entrepreneur - Innovation

In order to connect and leave an impression on consumers, leaders must prioritize social entrepreneurship in addition to profits. Here's how.

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What to Ask Yourself Before a Career Pivot

Harvard Business Review

Gone are the days of picking a job or career path and sticking to it forever. Career pivots are far more common today than they ever were. For example, consider Oprah Winfrey’s transitions from TV anchor to superstar talk show host to film actress, producer, and media mogul. But how do you know if you’re ready for a change, or if your pivot is likely to be successful?

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Platypus Labs Webinar – Video

Qmarkets

An energizing and actionable session about the mindsets and techniques leveraged by some of the most prolific innovators in the world. Download now for invaluable tips and real-world examples about applying creativity to drive growth and elevate performance, from Platypus Labs CEO and co-founder Kaiser Yang.

Video 52
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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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Customer Service is Never Out of Your Control

Innovation Excellence

GUEST POST from Shep Hyken Last month I was in Las Vegas for a major convention. I stayed at a very nice hotel, and each night I tried to fall and stay asleep.

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Why Every Company Should Be Thinking About Artificial Intelligence

Entrepreneur - Innovation

Embracing AI is no longer an option but a necessity for companies looking to succeed in the digital age. Here's why.

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How CEOs Can Navigate the Emotional Labor of Leadership

Harvard Business Review

Although the CEO role comes with power, pay, and privilege, it also involves emotional labor, as leaders feel the toll of making divisive and unpopular decisions. This aspect of the job has become more challenging the last few years. This article offers leaders four tools to help cope with the pressure.

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Thursday Theory Tips – Is my business model working for me?

Christensen Institute

A business model describes how an organization runs its operations. That seems simple enough, but when it comes to innovative business models there are many other questions that arise. What makes up a business model? What type of business model do I have? What do business models have to do with disruption? Do I need a new business model? This week’s Thursday Theory Tips blog will answer all of these questions so that you can determine if your business model is working for you.

Tips 52
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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.