Sat.Jan 23, 2021 - Fri.Jan 29, 2021

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The Humility Principle

Digital Tonto

We rarely fully understand the consequences of the actions we take. We live in a world not of linear cause and effect, but complex ecosystems in which even our best laid plans touch of a complex web. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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What we talk about, when we talk about innovation

Jeffrey Phillips

After over 15 years of work in the innovation space, sometimes I get a bit weary talking about innovation. After all, innovation is a frequently misused word, and it's often used with a lot of naive optimism on the part of some speakers (hope before experience) and cynicism on the part of other speakers. Increasingly, in businesses large and small, we talk, and we write, and we debate about innovation.

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What’s the Difference Between Open vs. Closed Innovation?

IdeaScale

There are a multitude of approaches to innovation management. One key factor, however, is “open” innovation versus “closed” innovation. While the names are slightly misleading, they’re important to understand as you approach your change management strategy. “Closed” Innovation: What To Know A better name for closed innovation might be “close innovation.

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If You Want to be More Creative, Mix With More Creative People

Destination Innovation

According to Jim Rohn, you are the average of the five people you spend the most time with. The people you associate with help shape what you think and who you are. We tend to congregate with friends who are like us in background, interests, education, attitudes and opinions. This is comfortable and reassuring but it inhibits creativity or independent thought.

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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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Why do we have difficulties to self-disrupt?

Paul Hobcraft

“Why do we always seem to have internal difficulties to self-disrupt?”. Now that is an interesting question. My quick and simple answer is to look at all the internal constraints you can see, or those around you can add to your list or the ones you place on looking outside your own organization. It is also being constrained when you look outside your organization and not recognizing the (perpetual) changes going on, often until it is too late or a fast, nimble entrepreneur has nipped in and set

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Fireside Chat with Nick Skillicorn: Interview by Jasmin Hindi – Podcast S4E98

Idea to Value

I was delighted to be interviewed by renowned creative leader Jasmin Hindi for a recent “ Fireside Chat ” on the topic of developing our creativity. We discussed a wide variety of topics, including: Who the heck I am and my background. What people can do to stay creative during the pandemic. Why so many people struggle to get started on their creative projects.

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Two in a row | Exago innovation software recognised as a Top Performer by FeaturedCustomers

Exago

Exago has just been recognised as a Top Performer by FeaturedCustomers, in its “Winter 2021 Customer Success Report for the Idea Management Software Category”, having been distinguished last year for the first time. The ranking is built based on data from the reference platform, including market presence, web presence, and social presence, as well as […].

Software 130
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Bitcoin and Blockchain: A Small Glimpse Into Big Digital Disruptions

Daniel Burrus

Several of us likely remember the Bitcoin boom around the end of 2017, when thousands of individuals bought Bitcoin, seeing the value of their dollar skyrocket for a brief period. This sent the banking industry into a tailspin, desperately trying to understand this new concept of a digital currency system, and areas of the government even began to prepare a way to legislate this unfamiliar system.

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Podcast S4E99 – Why creativity and innovation will be the most important skills of 2021

Idea to Value

In this livestream of the Idea to Value podcast, I talk about the main reasons why creativity and innovation are going to be the most important skills of the next 5 years. Based on the World Economic Forum report The Future of Jobs 2020 , 4 out of the top 5 most important skills will be explicitly related to innovation and creativity. Check out the video above to find out exactly which skills are going to be in demand, and also find out how your company can develop them in your people over the c

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How Sunshine Coast Credit Union Transformed Its Bottom-Performing OHI Score

IdeaScale

An innovation culture is critical to a company’s success. Change prompts growth, which leads to creativity. Many companies struggle with innovation. A recent McKinsey Global Survey found 6% of executives find their innovation efforts gratifying. Vancouver’s Sunshine Coast Credit Union serves over 17,000 members. This Canadian full-service financial institution used innovation management to become top performers … Continued.

Survey 130
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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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Establishing Trust in 2021: Innovation and an Imperative for Embracing Data Privacy, Transparency and Security

Entrepreneur - Innovation

From Covid-19 to the SolarWinds cyberattack, 2020 delivered many blows to public trust. Founders need to take the lessons learned and ensure they are not part of the problem.

Data 105
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Virtual Improvement FAQs

Kainexus

When the COVID-19 pandemic first struck the US at scale in March of 2020, many organizations scrambled to transition to a remote work model. For most, the initial goal was to maintain operations while keeping employees safe. Very few people at the time anticipated the duration of the need for stay-at-home orders and widespread social distancing. Now that we are into 2021, vaccine distribution has been started, but the end is not yet in sight.

Culture 97
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Your competition is not who you think it is

Idea to Value

Most companies don’t know who their biggest competitor is. When asked, they might list another company providing the same goods or services. Often, ones which are a similar size to how large they are now. Or in some cases, they may list smaller, younger startups who provide a new innovative product which appeals to their target customers. But in most cases, this is not a company’s real competition.

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Assess how your Innovation Programs are Performing

Strategyzer Innovation

In last week’s blogpost , we introduced our tool, the Ecosystem Map, to highlight the importance of the interconnectedness of innovation programs. As a refresher of that piece; programs that are not interconnected often tend towards Innovation Theater - programs that look good on paper but do not create real value for the organisation. This week, we will delve deeper into the components of the Ecosystem Map, and what those components look like in a practical setting.

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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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Member Spotlight: Tandi LeFranc, Pacific Life

Innovation Leader

Tandi LeFranc is the Director of Business Strategy Acceleration at Pacific Life. We spoke with Tandi as part of our IL Member Spotlight series, which profiles our members.

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13 Indispensable Lean and Six Sigma Tools and Techniques

Kainexus

Six Sigma is a business methodology focused on improving the quality of goods or services an organization produces by reducing variance in the production process. Six Sigma leaders know that when a production process lacks the stability to create high-quality output consistently, it will continue producing defective products until someone intervenes and improves the process.

Tools 92
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What is the ambition matrix and how does it work as part of an innovation portfolio?

Idea to Value

Most companies are not really aware of all of the innovation projects they are working on. Let alone which project mix they should be working on. This is where a tool called the Ambition Matrix is extremely useful, and it is a tool I use with clients all the time to gain clarity on what their current innovation portfolio looks like. Originally developed by the strategy consultants at Monitor (now part of Deloitte) and made famous by a breakthrough article in Harvard Business Review by Geoff Tuff

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IBM’s Demise – Why You Can Do MUCH Better

Adam Hartung

IBM fell into the Growth Stall trap. As the competition increased and market demand shifted, revenues fell. This led to a vicious cycle of cost cutting and diminished innovation.

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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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Alestra Seeks to Continue Innovating With International Scaleups

Entrepreneur - Innovation

Six international scaleups entered Alestra's Open Innovation and Soft Landing Program. They are linked to AI, IoT Cybersecurity and Blockchain.

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Attribute based Innovation Classification

Inspiring Next

Ripi Singh Most common innovation classification is process, product, service, or business model. However, You can choose how you wish to classify innovation, as long as it is novel and adds value. I have 15 types for you to start building your own library, and then you can be innovative about adding ‘Distinct Innovation.’ Evolutionary… Read More » Attribute based Innovation Classification.

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Lessons from Orchestra Conductors

Rmukesh Gupta

Lessons from Orchestra Conductors. In a recent blog post , Sethi Godin talks about how the famous conductors (orchestra) seem to be the only person on the orchestra that don’t make any sound at all and yet are the most important person on the team. He says, and I quote, Famous conductors are often judged for an hour or two on stage. They wear expensive clothes, make dramatic gestures and receive ovations.

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How Innovation Marketing Helps Disruptors Launch New Products

Tullio Siragusa

How Innovation Marketing Helps Disruptors Launch New Products. Innovation marketing is a discipline that encompasses activities and novel processes to introduce and deliver entirely new products. This includes research into the needs of customers, concept and prototype tests with customers, and developing plans on how to market these new products in a saturated market.

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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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Tips From Capital One on Running Virtual Hackathons

Innovation Leader

Planning a virtual hackathon is much different than an in-person one, according to Jennifer Lopez of Capital One.

Tips 98
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Break Out Of Your Bubble

helloFUTURE

Now, more than ever (BTW, don’t you hate that phrase too), we live constrained within our own little realities. Our own little bubbles. Sometimes we build these realities on our own, and other times we allow these realities to be created around us. Sometimes it feels that we are slowly sinking ever more deeply into… The post Break Out Of Your Bubble appeared first on hellofuture.

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#2,091 – Lab Grown Wood

Greatest. Idea. Ever.

In the past I’ve written about Invisible Wood and Super Wood but this latest wood related innovation, wood that’s grown in a lab, takes the cake. It could even save the world. Fast Company explains: “Scientists have already figured out how to grow meat in a lab, nurturing animal cells to multiply into chicken cutlets and burger patties.

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Mission Statement Training Workshop

InnovationTraining.org

Our mission statement training workshop is a fast-paced program to help your group create and align on a mission statement. We use an innovative design thinking framework to help you develop your mission and communicate it in an engaging way for your stakeholders, colleagues, and the people that you serve. In this training, you will learn about the fundamentals of a mission statement, and connect to your own purpose to start generating ideas for what to include in your own.

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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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Building, Scaling & “Unbossing” Innovation at Novartis’ Genesis Labs

Innovation Leader

Ian Hunt and Aimee Reynolds of Novartis’ Genesis Labs share insights on developing an effective innovation ecosystem that ensures that the best ideas bubble up to the top.

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Higher Education KPIs - Most Commonly Used KPIs in 2021

Cascade Strategy

Higher education KPIs are measurable values used by educational institutions to measure and track their progress on specific business objectives. Furthermore, these KPIs help education institutions monitor and evaluate how well they're performing, and direct their policy formulation and target setting. We've been compiling a whole bunch of KPI examples as part of our KPI examples mini-series.

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#2,089 – The Line

Greatest. Idea. Ever.

Thanks to COVID-19 cities may be dying. As Fast Company puts it: “For those of you who live in cities, ask yourself: What it is about your urban lifestyle that makes it worth it despite the pollution, the noise, and the traffic? Perhaps it’s the hundreds of unique restaurants that you like to dine at. Or the density that fosters a vibrant night life and cosmopolitan cultural scene.

Culture 74
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Jobs to be Done: what is it, and how is it used to analyze customers

mjvinnovation

What do you look for when you buy running shoes? Something comfortable to work out in seems to be the obvious answer. However, if you apply the Jobs to be Done theory, the answer to the question would probably be: improving health and quality of life or finding a hobby. Want to understand this concept better? This article contains a detailed explanation of the subject and how you can use it to analyze consumers.

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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.