Sat.Oct 30, 2021 - Fri.Nov 05, 2021

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How Good Feature Request Management Contributes to Innovation

IdeaScale

source: pexels.com. Deciding on novel product features is often a daunting task. Seasoned innovation managers know that one of the best strategies is looking to feature requests obtained from customers for direction. Customers know best what improvements they would benefit from the most. Whenever you’re dealing with an influx of product feature ideas, requests, or similar data, you’re going to need ways to manage them.

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What Are the Steps to Creating a Lasting Innovation Strategy?

IdeaScale

Innovation strategy needs to be aligned with business strategy, explaining how innovation creates value for customers, captures that value, and what kind of innovation the company must pursue. The strategy will need to cut across departments and be built to evolve over time. Step 1: What’s Your Business Strategy? Innovation is rooted in what your organization does, so any innovation strategy starts with what your business is hoping to achieve.

Strategy 130
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Use the Rapid Prototyping Tool to Develop Ideas More Quickly and Efficiently

Leapfrogging

The conference room was abuzz with energy, teams of individuals were crowded around 6 circular tables, all of them were rapidly filling out post-it notes and sketching ideas on pieces of white paper. Once time ran out, each member called out their idea and the ideas were tacked to the walls around the room. Only then did our in-house sketch artist come up to sketch out prototype designs for each new concept or idea brought forth by the group of manufacturing executives. . .

Tools 130
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Urgent vs Important: The Eisenhower Matrix

Idea to Value

With today’s always-on workforce, we get tasks thrown at us constantly. And now that people can access work emails and instant messages on their Smartphones, lines can get blurred as to when these tasks are expected to be received, and completed. Especially if we want to portray ourselves as hard workers and build a reputation for getting work done quickly.

Meeting 252
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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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Radical Change Needs A Shared Language

Digital Tonto

One of the toughest things about change is simply to have your idea understood. The status quo always has inertia on its side and never yields its power gracefully. People need a reason to believe in. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Change 235
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How to approach your open innovation strategy

Board of Innovation

Contrary to common belief, open innovation is not only about collaborations between big companies and startups. It’s about leveraging partnerships based on when in the funnel time-line they come into place. The post How to approach your open innovation strategy appeared first on Board of Innovation.

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Confirmation bias: Looking for information to prove you are right

Idea to Value

When it comes to doing research and validating your innovations, be careful that you aren’t unconsciously suffering from confirmation bias. Confirmation bias is a bias that most of us suffer from, and is the tendency for you to search for, interpret, favour, and recall information in a way that confirms or supports your prior beliefs or values.

Data 229
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Exploding the explosion of innovation myths

Jeffrey Phillips

I found an article today on the web that was published by the Wall Street Journal in September 2021 , that claims to explode the myths about innovation. I was excited to read it, because 1) I like things that explode 2) I like myth-busting and 3) I am always curious to see what people who aren't in the actual corporate innovation space believe about innovation.

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Society 2045 Conscious Contracts for Better Relationships

Tullio Siragusa

Society 2045 Conscious Contracts for Better Relationships. In the business world developing trust and building relationships is key to creating a great workplace environment. However, most humans rely on a piece of paper for building relationships. You might be saying to yourself that a relationship isn’t built on a piece of paper, and you would be correct.

System 125
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5 metrics for social impact measurement

Board of Innovation

Your organization has started a new social project, and new beginnings are always exciting. But.what’s next? How do you track your projects' progress and the impact sought? Here are 5 key metrics to kick off your social impact measurement strategy. The post 5 metrics for social impact measurement appeared first on Board of Innovation.

Project 122
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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 is the culture you tolerate?

Idea to Value

Where in your business or your team are you willing to bend the rules? Would you be willing to tolerate a sale where the margins were below your team’s KPIs, just in order to get the revenue from the sale? And would you punish a different team member if they wanted to use those same low margins in the future? This shows the gap between what you expect, according to your strategy, and what you tolerate.

Culture 226
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How to Measure Culture Change and Calculate the Impact

Kainexus

Transforming corporate culture is not a small undertaking. There are usually both tangible and intangible costs. When done effectively, the long-term advantages far outweigh the costs of living with a culture that isn't thriving, but how do you measure the impact of such a change? After all, much of what constitutes corporate culture is intangible. For that reason, the goal isn't really to measure the culture but rather to measure the outcomes that are impacted by the culture.

Culture 98
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What is Cloud Migration? A Quick Guide to Moving to the Cloud

Acuvate

What is Cloud Migration? A Quick Guide to Moving to the Cloud. Cloud services are an essential requirement in today’s advancing business environment. Moving to cloud has now become more important than ever, considering the rapidly intensifying competition and evolving business needs. More so, with the Covid-19 pandemic ushering in severe waves of turbulence, the need for a shift towards cloud technology has become extremely dire.

Data 98
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Insights from the newcomers: why I really joined Board of Innovation

Board of Innovation

Why did I join Board of Innovation? What is BOI's superpower? What surprised me the most after joining BOI? Work culture insights, straight from the horse's mouth. The post Insights from the newcomers: why I really joined Board of Innovation appeared first on Board of Innovation.

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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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Podcast S6E137: Blair Enns – Pricing your Creative services higher

Idea to Value

In today’s episode of the Idea to Value podcast, we speak with Blair Enns, author of Pricing Creativity and founder of the Win Without Pitching manifesto. Topics covered in this episode: 00:01:30 – Blair’s history in advertising and consulting. 00:03:30 – The fastest way to make your creativity a commodity is to sell your time. 00:06:00 – Pricing is a prison cell of your making in your own brain. 00:08:00 – The importance of asking questions to determine value

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Unleash the power of creativity

7innovation

Make The Invisible Visible Creative leaders break the mold by making their own path to achieve mastery. Those who achieve greatness do not fit a formula or follow a structure.

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Six Sigma FAQ: Which Tools are Commonly Used for DMAIC?

Kainexus

The Six Sigma business methodology aims to eliminate waste and defects. It also aims to reduce variation in business processes. Efforts to improve are considered Six Sigma projects and are often made using a systematic model known as DMAIC. DMAIC stands for Define - Measure - Analyze - Improve - Control. As with any other improvement effort, the ultimate goal of the DMAIC method is to improve customer satisfaction.

Tools 95
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Communicating a Strategic Plan: 5 Key Factors to Consider

Cascade Strategy

Everyone knows that to implement and execute your strategy, you need people throughout the organization to engage with it. And, everyone knows that this starts with effective communication of your strategy.

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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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No Managers, More Leaders: The Leadership Legacy Of Zhang Ruimin

Bill Fischer

Early in the twenty-first century, Mr. Zhang recognized that the pace of change, and the growing complexity of the customer experience, required more leadership, not less; but that that leadership needed to be redistributed lower and broader throughout the Haier community.

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How does McLaren win the race both on the track and in cyberspace? With innovation and Artificial Intelligence

Entrepreneur - Innovation

Every 17 minutes, McLaren creates a new part for its car. And, at the end of the season, 80% of the car will be completely different.

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Change Management Needs to Change

Innovation Excellence

In 1983, McKinsey consultant Julien Phillips published a paper in the journal, Human Resource Management, that described an ‘adoption penalty’ for firms that didn’t adapt to changes in the marketplace quickly enough.

Change 81
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True Disruption Often Leads to Invention, but So Does Anticipation

Daniel Burrus

Picture this: You start a small business by making a change to a preexisting product that completely reinvents that product. Some minor disruptions get in your way, so you and your team make some adjustments to your product. While doing so, you start to consider other problems that may disrupt the newest iteration of this product you’re working on, and when it’s ready, start advertising to the local population your business is founded in.

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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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Employee Spotlight: Ibrahim Sabbah

Brunner

Meet Ibrahim Sabbah—travel enthusiast, music lover, and self-proclaimed song name encyclopedia. Get to know our newest Account Manager below! Q: Why did you choose Brunner? A: I chose Brunner because I resonated strongly with the vision of creating powerful ideas to positively impact people’s lives. I also strongly believe in customer-centric data-driven marketing.

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Innovation is an Incremental Process. Here are 3 Ways to Reach Your Big Idea.

Entrepreneur - Innovation

To truly innovate isn't only about making massive changes or breakthrough discoveries.

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What Companies are Excelling at Innovation in 2021?

InnovationManagement

Every year, IdeaScale hosts the Innovation Management Awards to honor the work of organizations who are accessing the voice of the crowd and the power of digital innovation programs to generate extraordinary results. The competition has three categories: best innovation engagement strategy, best innovation process, and best innovation overall. Here’s what we can learn from this year’s winners. .

Company 69
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COVID-19 Presents an Opportunity to Create an Innovation Culture

Innovation Excellence

GUEST POST from Pete Foley I left P&G about eight years ago, and one of my last jobs involved working on innovation culture.

Culture 79
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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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Trends & Technologies Shaping The Future Of The Retail Industry

ITONICS

Retail is an industry accustomed to reinvention. Modern history has seen the evolution of retail from independent specialty shops to one-stop-shopping in department stores, malls, and big-box chain stores. In the pursuit of sourcing cheaper and raising margins, supply chains have gone from local to global while the dot-com boom of the 90s signaled the birth of e-commerce as we know it with the founding of Amazon and eBay.

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Spark Efficient Project Management With These 3 Steps

Entrepreneur - Innovation

Here's how you can give your project management efforts the jolt of energy they need.

Project 99
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6 Ways to Solve Difficult Problems

Rmukesh Gupta

Lately, I have been talking a lot about how to be creative on demand. I have shared my learning and insights with my colleagues, students, startups, leaders and creative professionals. This is one of the most fundamental abilities that we need to master if we want to do really well in our professional and sometimes personal lives. You can watch the recording of one of these sessions here.

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Lead Innovation, Don’t Manage It

Innovation Excellence

Chief Innovation Officers are growing like weeds. Some think their job is to manage innovation. Some even go so far as to define their desirable traits. Here is yet another article on how to manage innovation.

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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.