Sat.Sep 23, 2017 - Fri.Sep 29, 2017

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3 Tactics that Make Innovation Management Easier

IdeaScale

IdeaScale learns from all its best customers, but in our latest interview with Redwood Credit Union we learned three things that make innovation management easier: Pre-Populate Your Campaign. When RCU launched their first campaign that asked for ideas that would help improve the member experience, they seeded that campaign with ideas that they had received in the past.

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Facial Recognition – Should we be Worried?

Destination Innovation

The new Apple iPhone X uses facial-recognition software (FRS) to unlock the device rather than a pin or fingerprint. Apple’s adoption of FRS underlines the importance of this burgeoning technology. We will likely see a massive spread in the use of FRS which will bring many benefits but some serious risks which we need to start addressing now.

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Choosing your direction of travel

Paul Hobcraft

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.” Yet as you then listen to the voices of the very leaders within these industries in interviews, or read on blogs, or in discussing what are the challenges they face, i

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How to create a culture of collaborative innovation in younger generations

Exago

Millennials and Generation Z are often disconnected from the strategic vision of a big organisation because they cannot see any links between their everyday work and the company's business objectives. Being able to align an individual's everyday work and goals clearly with the organisation’s strategy gets people to think in new ways and imagine new possibilities.

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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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Breakthrough Innovation or Disruptive Innovation?

IdeaScale

A breakthrough can be an even bigger deal than a disruption. Aren’t breakthrough innovation and disruptive innovation the same thing? It’s a common question when building innovation strategy. After all, the car, the telephone, the smartphone, the electric car, the solar panel, weren’t these all breakthroughs that were also disruptive?

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4 Innovation Mistakes That You Really Need To Avoid

Digital Tonto

It’s the ability to identify and solve important problems that transforms disruption into opportunity. Related posts: If You Want To Innovate, Avoid These Myths. Build For The Few And Not The Many. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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How to Hire an Innovation Manager

Board of Innovation

Definition & job description First of all, who is an Innovation Manager? By comparing multiple vacancies, job titles, and buzzwords, we’ve come up with the following overall definition: The Innovation Manager is the person that leads the research into strategic future business opportunities for a company. More specifically, she/he has to blend 3 main mindsets, HR-, tech- and business-related.

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Understanding the Source of Employee Innovation

IdeaScale

Boredom is one of those facets of life that consistently amaze. How can any person be bored when there is so much around us that stimulates our intellect and inspires our awe? And why do we continuously and mindlessly scroll through television channels and facebook feeds instead of focusing our energy on creating something of beauty or value? Boredom persists.

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Here’s What We Can Learn From The Bankruptcy At Toys “R” Us

Digital Tonto

Clearly the problem isn’t with retail itself, but the inability for legacy firms to adapt to a new model. Related posts: How To Stop Worrying And Learn To Love The Retail Apocalypse. Retail Isn’t. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Strategic Planning Questions – 5 Things Can Amazon Teach You about Strategy

BrainZooming

“Inside the Executive Suite” from Armada Corporate Intelligence featured an article this week with strategic planning questions based on Amazon. Inspired by an article in The Wall Street Journal by professor Scott Galloway, they lay out five strategic imperatives Amazon uses to disrupt markets and grow. For each strategic imperative, they suggest strategic planning questions to adopt an Amazon-like perspective in devising a company’s strategy: Bringing Amazon-Based Strategic

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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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How do We Nurture Innovators?

InnovationManagement

More and more companies are looking to understand and identify innovation talent. Why? Because if companies understand how to encourage original thought and reward innovation efforts, they’re more likely to stay relevant and at the top of their game. Not to mention that they’re far more likely to attract and retain top talent that is interested in working for a company that is forward-thinking and rewards creative effort.

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3 Tactics that Make Innovation Management Easier

IdeaScale

IdeaScale learns from all its best customers, but in our latest interview with Redwood Credit Union we learned three things that make innovation management easier: Pre-Populate Your Campaign. When RCU launched their first campaign that asked for ideas that would help improve the member experience, they seeded that campaign with ideas that they had received in the past.

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How to setup an ‘innovation team’

hackerearth

To become really innovative, your company needs a special culture, a new mindset across all levels, disciplines, and functions. As a leader, you need to introduce and promote a solid innovation framework, which will gradually become part of the normal, day-to-day business. But, to reach this point, you will have to go through a challenging transformation phase, which is expected to have a significant impact on your company.

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When Shoveling Sh&t is Easier

Mills-Scofield

Sometimes, shoveling sh&t is easier than shoveling caviar. It's the path of least resistance. It makes sense. No one argues with you. It's usually the right thing to do. Who in their right mind would keep the sh&t and shovel the caviar? But. what if the best thing for your business, your organization, is to shovel the caviar, not the sh&t?

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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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What is the influence of 3D printing on Business Models?

The BMI Lab Blog

3D printing is a great technology but requires proper business model innovation to deliver best results. 3D printing history and industry adoption. 3D printing, or additive manufacturing, is a process where a three-dimensional object is manufactured by adding layers of a material under computer control. Objects are produced using digital model data from a 3D or CAD model or another electronic data source file.

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Transcend the Usual, Redefine Risk Management

Daniel Burrus

One of the central principles of the Anticipatory Organization model is to move beyond the idea of mere competition. By that, I mean going past the idea of measuring your organization’s success and performance against others. Instead, set your own standards through transformational planning and ongoing innovation. In so doing, you redefine the concept of risk management.

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The Single Biggest Obstacle to Your Success is…

Innovation Excellence

Unlearning this peculiar behavior is the key to unlocking the potential of your dreams. Entrepreneurship is like climbing Everest; you can make all the excuses you want about not having the skills, the endurance, or the equipment, but many people who have all of these still don’t even make it to base camp. Here’s why.

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9 Ways to Understand the Political Fray and Stay the Hell Out of It

BrainZooming

I found this article recently. It was written back in my corporate days during the blog’s first year (June 27, 2008). Honestly, I’d forgotten about it. A search on the Brainzooming blog to track down content for an updated strategic thinking presentation uncovered it. Reading “9 Ways to Understand the Political Fray and Stay the Hell Out of It” after all these years, it may be the most beneficial article we’ve ever run.

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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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Keep the Kitchen Cabinets from Overflowing

Boxes and Arrows

Don’t laugh. I’m sure you’ve done this before. At the office, there’s a refrigerator cleanup every two weeks. At least I think it happens every two weeks. The office administrator sends out an email or posts a note on the fridge, warning you that things will be dumped if they’re not labeled. You’ve seen these long-forgotten food containers of who-knows-when science experiments pushed up against the back of the fridge.

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6 Ways to Protect Customer Data

Daniel Burrus

We’ve all seen the headlines about the cost of cybercrime. According to one estimate from IBM, the average out-of-pocket cost of security breaches has now climbed to $4 million per incident—up nearly 30 percent in only a few short years. But protecting such data—specifically, personal customer data information—is more costly than just dollars and cents.

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Innovation SOP: Does Effective Leadership Lead to Effective Crowd-sourcing?

Qmarkets

Qmarkets’ Innovation Standard Operating Procedures (SOP): In this series, we will present different guidelines on how to bring innovation theory to practice. This week, we take a look at Innovation Leadership - how has the role of the Chief Information Officer (CIO) evolved into the Chief Innovation Officer (CINO), and how important is leadership in the age of crowdsourcing anyway?

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Why Traditional Metrics like NPV, IRR and RONA Kill Innovation | Collective Campus

Collective Campus

“That which can be measured can be managed.” As such, 20th Century management science gave us a number of metrics to monitor the performance of a business venture, including return on investment (ROI), net present value (NPV) and internal rate of return (IRR).

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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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Become an Intrapreneur at Work

Innovation Excellence

Most companies recognise the need for more innovation and actively encourage employees to suggest and develop new business ideas. Paul Sloane shares eight key ways to help make your idea happen.

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Clarifying Design in Business Sciences: a Design Thinking Taxonomy

Open Innovation EU

This article is an extended book review of The Quest for Professionalism of George Romme , a 2016-published book by Oxford University Press. The book is a one-of-a-kind taking a much needed reflective approach to leadership and a critical note towards the level of professionalism that many of us are approaching the science of management and entrepreneurship with.

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The End of Open Innovation?

100%Open

It’s clear that company innovation techniques are changing fast but how do we open innovation specialists react? If open is the’ new normal’ is our mission complete? It has been fascinating to watch how corporate culture and practices have opened up since we started on this open innovation journey 8 years ago. Does this mean we at 100%Open are out of a job if everyone is practicing open innovation already?

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localgov.co.uk: Crowdsourcing for ideas

Wazoku

Generating new ideas is challenging business, particularly for large organisations with well established ways of doing things. But it doesn’t have to be. The advantage of being a large organisation — whether a local authority or a company — is you have a potential resource that frequently goes unacknowledged as a source of ideas: the workforce.

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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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The 7-Step Model For Creating Sustainable Transformation

Faisal Hoque

Transformation can be modeled, documented, and implemented as a total game-changing process. Here's how to get it started.

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Aligning Organizations for Digital Innovation

Innovation Excellence

To understand the challenges and opportunities associated with digitalization, MIT Sloan Management Review and Deloitte surveyed more than 3,700 business executives, managers, and analysts from organizations around the world. They have recently published their findings in a report, titled Aligning the Organization for Its Digital Future.

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The Billion Dollar Breakthrough You Missed

Gregg Fraley

Why and How are Billions in Potential Innovation Left On The Table? Innovation is Fresh Combinations . What’s Needed: Sophisticated Tools to Deliberately Make Fresh Connections Across Domains (see MoshPit ). Fresh combinations of technologies, processes, materials, people, trends, concepts, and other factors are what creates innovation. From the Reese’s Peanut Butter Cup (chocolate plus peanut butter) to the iPod (MP3 player combined with a buying system, iTunes) nearly any innovatio

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Open Innovation Success Stories in the Car Industry

IdeaConnection

Open innovation success stories abound in multiple industries as enterprises the world over seek the wisdom of the crowd to help them develop new products and services, get over innovation roadblocks, see where their industries are heading and to steal a march on their competitors. In this post, we highlight a few success stories where open innovation has helped to give the automotive industry a boost.

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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.