IdeaScale
JUNE 15, 2017
Open innovation vs. crowdsourcing can be a tough call. What’s the difference between crowdsourcing and open innovation? It can feel like a simple question, but it’s a bit more complex than you might expect. Here’s a deeper look at how these two concepts differ. Crowdsourcing Vs. Open Innovation. The key difference between the two is the audience.
Jeffrey Phillips
JUNE 15, 2017
Lately I've been reading about the efforts to build or create innovation accelerators. Universities, businesses and even cities and regions are talking about innovation and the need to create accelerators or innovation enablers. I'm glad that everyone is excited about innovation, and that they want to provide the means to help it flourish and help it move more quickly.
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Idea to Value
JUNE 16, 2017
Share this post with anyone who you know who wishes that they had the courage to speak up and let people know about their ideas. Imagine what you think a “creative person” looks like, and what they behave like. Chances are, you probably have a picture of someone coming up with lots of ideas. Maybe someone very energetic and talented, in the middle of a performance in front of thousands of people.
Exago
JUNE 14, 2017
We've seen how you can locate your position in the Daily Innovation Model, built to help companies see innovation as a daily function of their job. When we place the continua on two axes - incremental to radical and process to product - things get interesting and we end up with four quadrants. The post Putting the Daily Innovation Model together appeared first on www.exago.com.
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.
Digital Tonto
JUNE 14, 2017
We need to shift from an educational system that values what you can answer to one that values what you can ask. Related posts: 4 Government Programs That Drive Innovation. How We Should Prepare Our. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].
IdeaScale
JUNE 14, 2017
Michel van Hove is the co-owner and partner of Strategos , a strategy and innovation consultancy that helps companies grow. We recently spoke with Michel to hear his thoughts on how to successfully foster a culture of innovation within a company. Tell us a bit about your background. What drew you to Strategos? My career began with a small company in the entertainment industry that developed the first large screen stadium video displays for U2 and other leading music acts.
Business Innovation Brief brings together the best content for business innovation and strategy professionals from the widest variety of industry thought leaders.
Integrative Innovation
JUNE 15, 2017
Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. But the litmus test is: How can established organizations build successful new businesses through corporate entrepreneurship, also referred to as Intrapreneurship , on an ongoing basis?
Innovation Excellence
JUNE 12, 2017
Recent research shows that consistently innovative companies hold 6 times the market share, make 3 times the profit, and do 50% better during recessions than their average peers. This article is an adapted excerpt from Yoram Solomon's recent book: Blueprints for the Next Big Thing.
IdeaScale
JUNE 13, 2017
Having design principles is like having a set of constraints or guidelines to work with. In her post “Taming Blue Sky Ideation: Collecting Ideas that are Both Novel and Valuable,” Whitney describes how presenting a strong problem statement with clear constraints in an innovation challenge “breeds creativity.” This notion can be applied to many different problems and types of work.
Idea to Value
JUNE 16, 2017
If you want to create a high-growth company or transform a slow- or flat-growth organization into a category-dominating leader, you cannot manage this type of growth with an MBA-styled leader who wants to function like a strategic CFO by mainly cutting costs and managing profit and loss. Companies looking to lead—to either invent or reset a category—need to study the phenomenon of healthy visionaries.
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.
BrainZooming
JUNE 13, 2017
“I’ve known those guys for years, and they smiled all the way through a strategic planning process. That’s when I knew I wanted to meet you guys.” That’s what the CEO of a nearly-$1 billion, employee-owned company said to us at our first meeting. We facilitate the strategic planning process for his organization’s largest business unit in 2016.
Digital Tonto
JUNE 11, 2017
When you stretch your horizons, you not only gain new experiences, but also learn that you are capable of going even a bit further the next time. Related posts: How I Learned To Hack. How to Build. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].
Planview
JUNE 15, 2017
89% of Spigit customers are leveraging ideation to create a culture of innovation. That’s a stat we uncovered in our 2017 Business Innovation Report. Establishing a culture of innovation is a hot topic. It’s on the shortlist of strategic initiatives executives around the world are implementing to transform their organizations. However, it takes investment both from a resource and effort standpoint.
Idea to Value
JUNE 16, 2017
My colleagues over at the Board of Innovation have put together a great little Slideshare presentation which I recommend everyone have a look at. It is all about the indicators that an innovation programme may in fact be failing. Check out the slideshare here below: 9 Indicators That Prove That Your Innovation Programme Will Fail from Board of Innovation.
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.
Leanstack
JUNE 12, 2017
A Minimum Viable Product is the smallest thing you can build that delivers customer value (and, as a bonus, captures some of that value back, i.e., gets you paid). Race to Deliver Customer Value A minimum Viable Product means different things to different people so let's start with a definition. When Eric Ries used the term for the first time, he described it as: A Minimum Viable Product is that version of a new product which allows a team to collect the maximum amount of validated learning
Qmarkets
JUNE 16, 2017
Over the last couple of decades, Silicon Valley has been responsible for inventing and reinventing all kinds of gadgets and technologies: the music player, the phone, the watch, the TV and the computer itself. Recent trends suggest that the automotive industry might be next on Silicon Valley's disruption list. Besides a surge of auto tech startups and Tesla's success, Silicon Valley's new affair with the automotive industry is heightened by chatter about a secret car project by the most prominen
Planview
JUNE 15, 2017
89% of Spigit customers are leveraging ideation to create a. culture of innovation. That’s a stat we uncovered in our 2017 Business Innovation Report. Establishing a culture of innovation is a hot topic. It’s on the shortlist of strategic initiatives executives around the world are implementing to transform their organizations. However, it takes investment both from a resource and effort standpoint.
100%Open
JUNE 15, 2017
Today’s Ellen MacArthur Foundation Summit 2017 brought together a truly global tribe of attendees all interested in the concept of building a circular economy. This is an idea about creating an economy that consists of a continuous system of reuse and recycling of technical and biological materials as demonstrated in the following graphic. It was an exquisitely curated event, and hosted at the wonderful Roundhouse venue in London, I felt right at home with my 100% biodegradable spectacles (made
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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
Innovation in Practice
JUNE 16, 2017
A great example of the Attribute Dependency Technique can be found at My Place Café & Bar at the Hilton Osaka hotel in Japan. Attribute Dependency is one of the five innovation methods called Systematic Inventive Thinking (SIT). It works by creating (or breaking) a dependency between two attributes of a product or its environment. And this technique is helping My Place increase their customer base in a surprising way by offering female customers a discount on their food and drink orders base
Innovation Excellence
JUNE 11, 2017
Tweetable wisdom about the right and wrong ways to go about #innovating. There are hundreds of books on innovation; millions of words promising to help you create a culture of innovation. That’s a lot of reading. But what if we could boil down all of that sage advice into something a whole lot easier to.
Your Ideas are Terrible
JUNE 14, 2017
Welcome to Part 5 of our series on throwing impactful corporate hackathons. In Part 4 we talked about promoting your event and recruiting talented hackers to attend. In this post, we focus on day-of activities and event facilitation strategies. It’s the day of your hackathon. You didn’t sleep well, lying in bed searching the back of your mind for that one thing you forgot to do.
InnovationManagement
JUNE 15, 2017
Big Data has had a big impact on the competitive landscape. Businesses that have embraced this explosive technology of digital media are better positioned to market faster with products and services that satisfy customers' needs adequately. Wise management of time is very critical in staying ahead of the competition. Utilizing Big Data solutions in processing digital data is one way of enabling managers or organizations and business owners to make quick, informed decisions that streamline effici
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.
IdeaConnection
JUNE 16, 2017
From predicting epidemics and helping to cure diseases to improving quality of life and identifying drug targets, big data is driving healthcare innovation forward. To capitalize on this potential, a new open innovation project has been launched to help improve heart health diagnosis. Through the Heart for Heart smartphone app , members of the public are being encouraged to provide their heart rhythm data.
Innovation Excellence
JUNE 12, 2017
One scary statistic is that 70% of change initiatives fail. An overwhelming proportion of new product launches fail. Most new businesses fail. The sad fact is that failure is all around us. Is this why so many organizations talk about a fear of failure being one of their major innovation stumbling blocks? And, so what.
Mike Shipulski
JUNE 14, 2017
We live in a resource constrained world where there’s always more work than time. Resources are always tighter than tight and tough choices must be made. The first choice is to figure out what change you want to make in the world. How do you want put a dent in the universe? What injustice do you want to put to rest? Which paradigm do you want to turn on its head?
eZassi
JUNE 13, 2017
Crowdsourcing innovation is becoming a standard operating procedure in many industries because it shortens R&D time, reduces costs, improves market responsiveness, and creates a collaboration network, all of which supports the development of cutting-edge products and services. The biggest challenge with open innovation (OI) is implementing a structure for success.
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
Betterific
JUNE 13, 2017
Partnering with Deloitte’s Pixel division, we worked with a Diabetes non-profit to dream up ways to rethink Gala Fundraising. Gala fundraisers are always the same – you throw on a suit (or a tux if you’re fancy), eat fancy chicken by the bay, and participate in a silent auction. How can we bring some innovation to this experience?
Innovation Excellence
JUNE 16, 2017
Almost every CEO that I meet wants to find out a way to out-innovate their competition. They want to innovate to improve their profits. They want to innovate so that they can help their customers innovate. And in the same breath, they also say that almost all their innovation projects are either struggling to take off or have not yielded the kind of results that looked possible.
InnovationManagement
JUNE 12, 2017
One of the biggest challenges to innovation is the middle part of the process - where most of the work is happening behind the scenes. As your innovation campaign progresses, you must continue to instill excitement across all team members, and find ways to reengage them as advocates. In this case study, we’ll examine how Dick’s Sporting Goods engaged their employees in product development and effectively encouraged them to participate in their innovation community.
100%Open
JUNE 15, 2017
Corporations and start-ups need each other more than ever. So why are corporate and start-up collaborations so difficult to get right and prone to failure? Large companies require the creativity and agility that a smaller partner can bring. And smaller companies can benefit from the scale, brand and investment that a larger partner can bring. We have learned that there are three big gaps in understanding that need to be better managed by both start-ups and corporates for collaborations to be suc
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