Sat.Dec 02, 2023 - Fri.Dec 08, 2023

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3 Traps to Avoid When Executing Your Strategy

Harvard Business Review

When executing strategy, companies typically fall into one or more of three traps: 1) They let too many people weigh in; 2)They plan a lot of activity but do not specify concrete actions; and 3) They tend not to build in accountability into execution. The result is that. lot a good strategies never take off. This article offers pointers on how to avoid the three traps.

Strategy 142
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Exercise Your Way to Creativity!

IdeaScale

Have you ever wondered why exercise is considered to be the best medicine? It's because exercise keeps you fit not just physically but also mentally. Creativity on the other hand only comes when you have a healthy mind. Creativity has a direct link with exercise. Now If you're an entrepreneur, an artist, or a student, [.

Exercises 130
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The Ethics of Ambition

Phil McKinney

From the meteoric rise and scandalous collapse of Theranos to the relentless pursuit of ultra-high-risk products of FTX, we've witnessed the highs and lows of ambition on full display. Elizabeth Holmes, once touted as the youngest self-made female billionaire, saw her biotech company Theranos, crumble under the weight of fraudulent claims. Meanwhile, Sam Bankman-Fried, the CEO of cryptocurrency derivatives exchange FTX , pushed boundaries with products fraught with risk, which resulted in i

Tools 78
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You do not need to be completely original in order to be creative

Idea to Value

Does something need to be completely original in order to be creative ? How can you prove if something is original or not? After all, if something which I produce is not original, is it not just a waste of time putting in time and effort creating it? This is a challenge which can petrify many people, and prevent them from trying to produce anything creative.

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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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Innovators need to heighten sensory intelligence and cognitive abilities.

Paul Hobcraft

Understanding the sensory and cognitive abilities of innovators Following on from my first post on building an Innovator’s Sensory profile, the combination of various cognitive, emotional and environmental factors heightens our awareness, so I needed to explore this further in this post. I wanted to build out some thinking based on the question, “Can we unlock the innovator’s potential through understanding their sensory and cognitive abilities?

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You Need To Be Skeptical Of Advice From Business Pundits And Gurus. Here’s Why:

Digital Tonto

When I lived in Poland, a common aphorism advised that “life is cruel, and full of traps.” From an American perspective, the aphorism can be a bit of a culture shock. We tend to believe in the power of positivity, the American dream and the can-do spirit. Negativity can be seen as something worse than a weakness, both an indulgence and a privation at the same time.

Training 166

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Talent Management in the Age of AI

Harvard Business Review

The world of work is changing fast and the most important thing to do is realize that the old playbooks, especially around talent management, will not work — now, it’s time to adapt. Leaders should focus on three big shifts that will set their businesses up for new levels of success in the age of AI. They should: 1) redefine jobs as a collection of a skills and tasks, not titles, 2) bring skills and workforce learning to the center of talent management, and 3) embrace AI to focus teams on human-

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Good News Ahead

IdeaSpies

We know our brains are wired to pay attention to bad news. But lately do you feel that your social media is just filled with negativity? Do you find yourself getting angry and upset as you scroll through your news feeds? Are you turning off the news? Well you're not alone. According to the Digital News Report Australia 2023 high interest in news has fallen to 53%.

Report 124
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We Need To Stop Glorifying Failure

Innovation Excellence

Here’s What To Do Instead GUEST POST from Greg Satell Over 50% of startups fail (and that number goes up to 75% for venture backed startups). The same is true of about three quarters of corporate transformations, which is probably why the average lifespan on the S&P 500 continues to shrink.

Design 110
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The Adjacent Impossible

IdeaScale

With the rise of artificial intelligence, we have clearly become fascinated with (if not suspicious of) our own intelligence. And, in the world of generative AI, we now seem obsessed with the origin of new ideas, how to facilitate creativity, and the processes that trigger and lead to innovation.This obsession with “new” and “next” is, [.

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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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What Makes a Company Great at Producing Leaders?

Harvard Business Review

GE is well known as an “academy company” — a talent incubator that exports effective leaders to other organizations and even industries. To better understand which companies are top talent incubators today, the authors worked with the Official Board, a firm that provides data on corporate organizational charts and executive movement, to survey of 853 executives and interview executive search consultants.

Company 136
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She Started Her Side Hustle to Solve a Serious Problem With Outdoor Furniture. It Blew Past Her Full-Time Job's Income — to $66,000 a Month.

Entrepreneur - Innovation

Wendy Wang, owner of F&J Outdoors, started her patio furniture cover side hustle in 2018. In the years since, she's grown revenue to about $800,000 per year.

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How will you measure your life in 2024? How business theory can unexpectedly shape a personally fulfilling new year

Christensen Institute

It’s that time of the year when I think about one of my favorite of Professor Christensen’s books, How Will You Measure Your Life? , a book that imparts how business management theories can help us succeed not just in our entrepreneurial endeavors, but also in our everyday lives. A theory is an understanding of causality, of what causes what, and why.

Resources 105
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The Paradox of Innovation: Embracing Failure as a Pathway to Success

IdeaScale

The Paradox of Innovation: Embracing Failure as a Pathway to Success By Warick Pond Redefining Failure Innovation, while celebrated as the driving force behind technological progress and economic growth, often grapples with an inherent paradox. On one side, there's the rallying call to "fail fast and fail often," championing the idea that failure is a [.

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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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A Sports Analogy for Understanding Different Ways to Use AI

Harvard Business Review

The potential impact of generative AI on the economy, society, and work is polarizing, swinging from the positive benefits of a technological revolution to doomsday scenarios. The authors have come to think about this issue as points on a spectrum and have created a sports analogy to help think about it: AI tools can range from steroids, to sneakers, to a coach, each representing a different relationship between human users and the technology.

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Google Just Launched Its Own Version of GPT-4 Called Gemini — But Execs Are Refusing to Answer One Very Important Question

Entrepreneur - Innovation

Google unveiled its new AI model Gemini, a rival to OpenAI's GPT-4, on Wednesday. Learn more about Google's Gemini suite and see additional details, here.

Learning 110
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Five Key Digital Transformation Barriers

Innovation Excellence

You may be struggling to drive some sort of change, innovation, or digital transformation within your organization right now. GUEST POST from Howard Tiersky Why is it so hard? And what’s the secret to getting big companies to transform successfully?

Change 105
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The Roles Successful Leaders Play to Inspire and Enable Innovation

IdeaScale

As a leader, you can not be everywhere, but your expectations should be. Leaders who proactively manage a culture of innovation do so by playing multiple roles during their daily interactions. They leverage their one-on-one conversations and group gatherings to align everyone with their expectations for how people should be thinking and acting with regard [.

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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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What It Really Takes to Become an Executive Coach

Harvard Business Review

Being an executive coach can be rewarding. But, many people misunderstand what coaching actually is, underestimate the process to become a credentialed coach, and don’t anticipate the ongoing effort required to generate and develop business to make a living doing this work. How many clients should you have? What other income streams should you consider?

How To 132
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His 'Mesmerizing' Wintry Product Can Cost Up to $500,000 and Is Used By the Kardashians and Disneyland — But It All Started on Accident

Entrepreneur - Innovation

MagicSnow founder Adam Williams had a Christmas-themed show in mind — but a billionaire's attachment to one particular detail would turn it into something much bigger.

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Inject sustainability into innovation processes | Sopheon

Sopheon

We ’ve recently discussed the importance of operationalizing innovation via InnovationOps. As with any operationalizing effort, the key is making a specific effort part of an organization’s DNA. This way, it’s not an add-on or an afterthought but a fundamental part of how the company functions.

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Why Collaboration in Innovation is the Key to Unlocking Your Company’s Potential

IdeaScale

In today's fast-paced business world, collaboration in innovation has become increasingly important for companies looking to stay ahead of the curve. In fact, companies that foster a collaborative culture are more likely to achieve success than those that operate in silos. In this blog post, we will explore why collaboration is the key to unlocking [.

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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 Leaders Fake Psychological Safety

Harvard Business Review

When it comes to psychological safety, leaders want the best of both worlds: all voices heard and considered, failure acknowledged and learned from, and feedback offered clearly and received graciously. But they also want harmony, comfort, and a sense of equilibrium. While most leaders want to encourage people to speak their minds, their underlying (often unconscious) ambivalence about actually getting the truth can unwittingly lead them to a performative version of psychological safety.

Data 131
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Controversy on whether growth mindset works will strengthen the theory

Christensen Institute

All too often, education research falls short of giving educators on-the-ground actionable advice. However, a recent controversy around Carol Dweck’s well-known growth mindset gives me hope that we can move forward with research that can better inform and support practitioners and students. Over the last couple of decades, education research has, thankfully, moved to embracing randomized control trial (RCT) when possible.

Analysis 104
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Curiosity Improves the Customer Experience

Innovation Excellence

GUEST POST from Shep Hyken “Curiosity killed the cat.” According to Wikipedia, this saying first appeared in a 1598 play, Every Man in His Humour, by English playwright Ben Johnson. The following year, Shakespeare used a similar quote in Much Ado About Nothing.

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How to Leverage Automation to Accelerate Innovation

Viima

The COVID-19 pandemic forced and accelerated digital transformation and the adoption of automation as businesses sought ways to operate remotely, ensure continuity, and adapt to new challenges. Rapid advancements in technology, especially in AI, robotics, and data analytics, have made automation more accessible and powerful, enabling its integration across various industries.

How To 88
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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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GenAI Will Change How We Design Jobs. Here’s How.

Harvard Business Review

The authors’ economic analysis shows that generative AI’s impact will be different than previous generations of AI and machine learning and will drive new levels of productivity in creative occupations and tasks. They offer a targeted method for leaders to review and redesign workflows, and rewrite job descriptions, to unlock the new potential of generative AI.

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From Waste to Value: Value Stream Management and AI in Action

Planview

In today’s fast-paced world of business and technology, efficiency in software delivery is not just important; it’s crucial. The idea of cutting waste, a principle from manufacturing, is relevant more than ever in software development and knowledge work as a means to increase efficiency. In this article, we’ll uncover six key sources of waste that may be slowing down your organization.

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Re-engineering the Incubation Zone for a Downturn

Innovation Excellence

GUEST POST from Geoffrey A. Moore In a prior post, written during the tech boom, I outlined how established enterprises could re-engineer their approach to managing innovation in order to catch the next wave before it caught them. Now we are in a different time, where capital is more expensive, and near-term profitability more necessary.

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Significance Over Success: 7 Steps to Extraordinary Leadership

Daniel Burrus

Some superheroes are born, and some are made. The same is true of leaders in the professional world. Whether an individual leads a for-profit company, a nonprofit organization, a government body, a pedestrian organization, or a university, truly extraordinary leaders are continuously created through education and endless learning to perfect their craft.

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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.