Sat.Jun 10, 2023 - Fri.Jun 16, 2023

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Innovation Should Serve People, Not The Other Way Around

Digital Tonto

These days, innovation has become, far too often, solipsistic and self-referential, pursued for the glory of the innovators themselves rather than for the benefit of anyone else and there is increasing evidence the venture-funded entrepreneurship model is crowding out more productive investments. We need to move away from hype and focus on impact. Because digital technology has become so pervasive, offering a substantial architecture that lends itself to tweaking, we’ve lost the plot.

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Four Keys to Effective Team Communication

Innovation Excellence

GUEST POST from David Burkus Communication is what makes a team a team. Otherwise, it’s just a group of individuals working away at their desks, handing work up to some unnamed boss. In reality, people don’t work in a vacuum. And much of one individual’s work requires coordinating with one or more teams.

Groups 77
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How AI Will Accelerate the Circular Economy

Harvard Business Review

Despite living on a planet with finite resources, our economy remains largely linear and full of single-use products. The shift toward a circular economy, where companies recover or recycle resources, has hit roadblocks, including low value of used products and high recycling costs. Harvard’s D^3 Institute recently highlighted how digital tools and AI can help overcome these hurdles.

Resources 109
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The Final Perspective: A Composable Innovation Enterprise Framework

Paul Hobcraft

In my view any new approach to innovation needs to aim to achieve interdependent and interlocking innovation, solving problems that have not been addressed before and offering sustainable value, impact, and returns to all involved or significantly improving on the existing solutions. Today we are missing a comprehensive structure or innovation process to achieve this, we need a radically different approach to managing innovation.

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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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Supply Chain Innovation: Building Efficient and Resilient Organizations

Viima

In recent decades the globalized economy and increased international trade have expanded supply chains across the globe, which unavoidably has brought about new dependencies. These new dependencies come with both significant benefits and risks, creating unforeseen weaknesses The COVID-19 pandemic exposed those vulnerabilities in dramatic fashion, showing that organizations simply were not prepared to bounce back from such disruptions.

Report 92
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Baader-Meinhoff Phenomenon: Why we see things everywhere once we see them once

Idea to Value

Have you ever wondered why sometimes after seeing or experiencing something for the first time, you end up seeing it happening everywhere? Or when you get interested in something, you end up noticing that everyone seems to be talking about it? This may be down to the Baader-Meinhoff phenomenon , or Frequency Illusion , a cognitive bias we all suffer from.

Trends 190

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The Potential Returns of the Composable Innovation Enterprise Framework

Paul Hobcraft

I proposed a new Framework for managing innovation this week, called the Composable Innovation Enterprise Framework. This is approaching innovation and its management in more of a holistic, technology-enabled way based on the use of a cloud-enabled Platform and Ecosystem thinking and design. The thrust of the framework is “ Organizations can create a more comprehensive and effective innovation ecosystem by utilizing building blocks as components of the innovation stack, guiding platform de

Agile 182
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Will AI Replace the Front Office in Pro Sports?

Harvard Business Review

With accurate player-availability predictions for all active players, AI-powered decision-making is dramatically improved around three dimensions: 1) Risk management: If a productive wide-receiver is likely to get hurt, for example, a team might invest more in talented backups, to minimize drop-off in team performance during injury. 2) Training and targeted interventions: If AI suggests a player is injury-prone, teams can target that player with customized training, nutrition, or other regimens

Training 135
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Bandwagon effect: Why people want to follow the crowd

Idea to Value

Does it make sense to just follow the crowd? Well, sometimes it could end up leading you to make bad decisions, just because everyone else thinks it is a good idea. The bandwagon effect is a cognitive bias where people adopt certain behaviors, styles, or attitudes simply because others are doing so. It is due to humans being a social species where it makes sense to be part of the group , and therefore not wanting to risk that belonging by doing something the rest of the group is not doing.

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Elevating Executive Engagement by Embracing Empowerment and Emotional Intelligence

Tullio Siragusa

Elevating Executive Engagement by Embracing Empowerment and Emotional Intelligence In the business world, stepping into a new leadership role often presents a labyrinth of challenges. One of the most critical yet complex tasks is to effectively engage the executive team, ensuring that they are aligned with your vision and are committed to achieving shared objectives.

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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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Building Up to the Composable Innovation Enterprise Framework Validation

Paul Hobcraft

On Monday 12th June 2023 I made a proposal that innovation is in need of a radical redesign. The post was my “ The Final Perspective: A Composable Innovation Enterprise Framework “ This recommendation had been built out over the past three months toward this final conclusion. Here I want to summarize the posts that were part of this build-up, that build the compelling business case for the need to change our thinking about innovation.

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The necessity of market creating innovations

Christensen Institute

There is no doubt that we live in an age of abundance. Superabundance even. If you have any doubt, please read Marian Tupy and Gale Pooley’s masterpiece, Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet. Tupy and Pooley provide strong evidence of how much progress the world has made over the past few hundred years, spurred largely by innovation.

Marketing 122
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Women in Leadership Face Ageism at Every Age

Harvard Business Review

Originally, ageism was understood to be prejudice, stereotypes, and discriminatory behavior targeted at older employees. But with an increasingly diverse and multigenerational workforce, age bias now occurs across the career life cycle — especially for women. “Youngism” refers to ageism toward younger adults, fueled by the conflation of age with maturity and the misperception that tenure is required for competency.

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Reflect, Learn, Act: How Planview Honors Juneteenth 

Planview

Juneteenth commemorates June 19, 1865. It’s the day that federal troops arrived in Galveston, Texas, to announce that all enslaved people were freed — two years after the Emancipation Proclamation officially declared the end of slavery in the United States. The message of Juneteenth honors a legacy of not giving up hope in uncertain times and strives to help hope live on.

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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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5 techniques to prioritize your product features

Sopheon

Here are five techniques to help you decide which features and ideas should go into your product backlog, from evaluating and prioritizing ideas based on potential customer satisfaction to likelihood to maximise ROI.

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Introducing the Market-Creating Innovation Bootcamp for Policymakers

Christensen Institute

Market-creating innovations transform complicated and expensive products into simple and affordable ones so more people in society can access them. These innovations have the potential to unlock wealth for the masses, and in doing so can significantly accelerate economic development. In short, market creating innovations are necessary to create prosperity.

Marketing 118
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When Your Boss Gives You Bad Feedback, Badly

Harvard Business Review

It’s difficult to manage your feelings when getting feedback that feels too harsh, overly nice, or somehow dishonest. We all struggle with feedback, so extend a little grace to yourself for having strong emotions, and to the other person for initiating a difficult conversation. The authors present the three most common ways people deliver feedback in a way that causes harm and elicits strong emotions, as well as five key steps to take when you get poorly delivered feedback.

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How Entrepreneurs Can Keep Up With Industry Demands While Nurturing a Skilled Workforce

Entrepreneur - Innovation

By implementing effective strategies, building strong partnerships, embracing technology and fostering a culture of continuous improvement, entrepreneurs can ensure the success of their training programs.

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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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From Automation to Augmented Reality: 12 Transformative Technology Trends Revolutionizing the Manufacturing Industry

Daniel Burrus

The manufacturing industry plays a crucial role in producing components for automobiles, electronics, medical devices, machinery, and other systems. These components bring ideas to life, transforming them into tangible products. Consider the device you are using to read this article – it likely contains both internal and external manufactured components.

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Innovators in Action: “Humankindness” at CommonSpirit Health

Christensen Institute

Today’s guest post comes from Nisha Pasupuleti, System Director of Transformative Strategy, Population Health at CommonSpirit Health. She would also like to thank Anuradhika Anuradhika, System VP of Innovation, and Brisa Hernandez, System Director of Operations at the Lloyd H. Dean Institute for Humankindness & Health Justice, for their support.

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How to Scale Local Innovations in Big Companies

Harvard Business Review

All too often innovations — including new products, new HR policies to attract and retain talent, and new production processes —developed in one part of a business stay there. Other groups that could benefit from them don’t know they exist. This leads to lost revenues and higher costs, since teams around the world often end up duplicating (or triplicating, or quadruplicating) investments in solving common problems.

Company 94
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Customer Service is Like Being Married

Innovation Excellence

GUEST POST from Shep Hyken The buying cycle for a customer typically includes a little research, talking to a salesperson, making the purchase, and whatever happens after the sale.

Company 78
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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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Congrats to Our Webinar Presenters Named to a Top 50 Thought Leaders List!

Kainexus

Our own Mark Graban was on this list (Top 50 thought leaders in operational excellence for 2023) along with five other thought leaders who have participated in our webinar series. Congratulations to all of them! And to everybody on this esteemed list.

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Post-COVID, cramming edtech in schools goes wild

Christensen Institute

That technology allowed instruction to continue for many as COVID shuttered schools is no longer surprising—although, a mere two decades ago, it would have passed for science fiction. What’s surprised many, however, is how sticky the education technology has become as schools have reopened. In a recent piece for The74 , for example, Conor Williams, a fellow at The Century Foundation, describes how after having visited nearly 100 classrooms in three states over six months, digital learning is ev

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What Is Apple’s Vision Pro Really For?

Harvard Business Review

To understand the value of Apple’s new goggles, it’s helpful to think about how virtual reality (VR) and augmented reality (AR) correspond to two fundamental tasks in decision making. VR presents new information; AR distills information from an existing environment. But previous headsets and internet-enabled glasses haven’t tapped into the potential for either of these in a decision-making context.

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Basketball, Banks and Banana Splits

Innovation Excellence

Is failure everywhere? GUEST POST from Robyn Bolton When asked to describe his test for determining what is and isn’t hard-core pornography, Supreme Court Justice Potter Stewart responded, “I know it when I see it.” In that sense, pornography and failure may have a lot in common.

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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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Giving and Receiving Intense Criticism and Feedback

Phil McKinney

Criticism has always been associated with failure and rejection. However, for successful innovators, criticism is the key to their success. Subjecting one's ideas to intense criticism may seem counterintuitive, but it is essential in creating innovative solutions. And as innovators, inventors, leaders, and executives, we all know that ideas are crucial for any breakthrough.

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Generative AI can Augment Creativity

InnovationManagement

One of the co-founders of IdeaScale, Josh Folk, (disclosure: I am CEO of IdeaScale) recently co-authored a front page article published in the Harvard Business Review, describing how the explosion of generative AI can be used to augment human creativity and productivity. Here's the full article link at HBR. To practice what I preach about [.] The post Generative AI can Augment Creativity appeared first on InnovationManagement.

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A Game Plan for Funding Carbon Offsets

Harvard Business Review

The most common types of carbon offsets are nature-based offsets such as forests. Unfortunately, while emissions remain in the atmosphere around 1,000 years, possibly longer, a tree can only remove carbon for its lifespan of 10o or so years, which means a forest planted as a carbon offset must be maintained with trees replanted at least ten times to match the emission it is offsetting.

Project 93
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Generation AI Replacing Generation Z

Innovation Excellence

by Braden Kelley The boundary lines between different named generations are a bit fuzzy but the goal should always be to draw the boundary at an event significant enough to create substantial behavior changes in the new generation worthy of consideration in strategy formation.

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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.