Sat.May 18, 2019 - Fri.May 24, 2019

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Why new product development fails and how innovation management can help

Exago

Product and brand failures occur on an ongoing basis, to varying degrees. They are part of the process of learning and growing. Innovation management can help organisations coordinate amongst themselves to eliminate challenges and maintain a transparent, company-wide innovation system. The post Why new product development fails and how innovation management can help appeared first on Exago.

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Recognizing it is all about Value Creation

Paul Hobcraft

I am reading a lot about the concept of value creation recently, it answers everything but tells us so often nothing about how it is made up or it is truly present. It seems to have that same ‘heady vaulted position’ as innovation in that we all talk far more about the ‘promise’ of it, we want it but still are not prepared to put the real effort into it to make it happen.

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Motivate to Innovate: How?

IdeaScale

Engagement is a challenge even at the most innovative companies. Bringing in stakeholders across the board will take more than just a welcome email and a few meetings. Here’s how to gear your company for innovation, from the newest team member to the senior C-suite. Bring in The Highly Engaged. Every organization has people who give 110 percent and have a talent for motivating others.

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Here’s What Most People Get Wrong About Minimum Viable Products

Digital Tonto

The advantage of creating an MVP is that it essentially acts as a research lab where you can safely test hypotheses and eliminate sources of uncertainty. Related posts: The Hair-On-Fire Use Case. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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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 S2E36: Amy Edmondson – Creating a culture of psychological safety

Idea to Value

?. In today’s episode of the Idea to Value Podcast, we speak with Harvard Business School’s Professor Amy Edmondson about her concept of Psychological Safety. She is the author of The Fearless Organisation , is the Novartis Professor of Leadership and Management at the Harvard Business School, a chair established to support the study of human interactions, and today we talk to her about what makes teams perform at their highest potential, what causes fear of sharing ideas within team

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Corporate Innovation: How to Overcome Unique Challenges

Econic

The biggest challenges in corporate innovation and how to navigate them Corporate innovation is hard. There are loads of challenges and pitfalls when trying to explore new opportunities inside of an existing organization. More and more, we’re seeing innovation programs close their doors after only a few years, with few senior leaders in the organization recognizing any real value from their efforts.

How To 98

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The Gladwell Trap

Digital Tonto

We can't believe everything we think. We need to ask the hard questions Related posts: The Selective Innovation Trap. The Gospel According to Gladwell. The Accidental Cartesians. What is a Business. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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The 5 main pitfalls in taking your business global and how to avoid them

IdeaSpies

Do you have a proven business and are you looking to expand globally? Do you see the potential for your product offering overseas? Expanding into new markets and serving new segments does have its risks but also the rewards. Taking your startup business global seems like a daunting task but it doesn’t have to be. There are five main pitfalls many businesses fall into when trying to expand overseas.

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Willing to Innovate? Start with Improving on Culture!

InnovationManagement

It is neither the business models nor the products that are innovative, but rather the minds behind them. Hence, nurturing a culture where people are willing to generate and execute on creative ideas is an essential skill for every innovation leader. The post Willing to Innovate? Start with Improving on Culture! appeared first on Innovation Management.

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Blockchain: A Real-World Example of the Power of Innovation

IdeaScale

Some examples of innovation change the world or create industries that never existed before. Blockchain is one of them. The first white paper about blockchain technology was released in 2008. The paper provided details of how blockchain could bring digital trust into an entirely new dimension, where verification is distributed rather than being in the hands of individual people or organizations.

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From Data to Decisions: Maximizing Retail Potential with 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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Digital Transformation Is Human Transformation

Innovation Excellence

A decade ago, many still questioned the relevance of digital technology. While Internet penetration was already significant, e-commerce made up less than 4% of retail sales. Mobile and cloud computing were just getting started and artificial intelligence was still more science fiction than reality.

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Corporate Innovation – How To Overcome Unique Challenges

Econic

The biggest challenges in corporate innovation and how to navigate them. Corporate innovation is hard. There are loads of challenges and pitfalls when trying to explore new opportunities inside of an existing organization. More and more, we’re seeing innovation programs close their doors after only a few years, with few senior leaders in the organization recognizing any real value from their efforts.

How To 83
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Open Innovation at Bouygues: each of our BU has an open innovation team

Rapid Innovation in digital time

Vincent Maret corporate director Open Innovation at Bouygues Corp. explains how to drive competitiveness through innovation!

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Technology for Better Innovative Management

InnovationManagement

In today’s workplace, you’re expected to do as much as you can with a variable amount of resources. How can you keep an in-office, remote, or combination workforce engaged using technology? We recommend four steps: educate, collaborate, monitor, and secure. The post Technology for Better Innovative Management appeared first on Innovation Management.

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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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Combining lean startup and agile with a design-led approach reduces business risk

Innovation Excellence

For most corporations, leading in quality means continually pursuing organizational excellence. This means leaders have to make sure that the organization is fit for its purpose, stays that way, and keeps improving over time. Maintaining quality is much easier when the risks involved are lower. Organizations tend to reduce risk by defining things that can be measured and incentivized.

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How AI and LMS are positively disrupting the workplace.

IdeaSpies

Artificial Intelligence (AI) is dominating the workforce more than ever and at a rapid pace – the rise of AI and automation is greatly redefining our future and the future of working. A report commissioned by Google indicated only 9% of Australia’s listed companies are making sustained investments in automation, compared to 20% in the US. While many fear AI, it should in fact be viewed as an opportunity to positively transform the workplace.

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We Need More Authentic Leaders

Tullio Siragusa

We Need More Authentic Leaders. We live in a time of fake news. Fake politicians. Fake social media followers. Fake advertising clicks. Fake genetically modified foods. Fake body parts. Everywhere we turn, there is some scandal followed by another one. It’s hard to know who to trust, and more importantly who to turn to for genuine care. Employees are disengaged with lack of trust, and loyalty in both directions.

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#TeamAccolade – Thanks for the Shout Out!

Sopheon

At Sopheon it’s all about relationships and we love interacting with our customers in person and online. The post #TeamAccolade – Thanks for the Shout Out! appeared first on Sopheon.

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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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How To Create Something Truly Original

Innovation Excellence

I study innovators for a living. Every year, I interview dozens of men and women who’ve achieved remarkable things. For my own part, I publish about a hundred articles a year and my second book, Cascades, will come out this spring. While my achievements pale in comparison to many of those I interview, many believe.

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Why Your Online Marketing Needs an Offline Boost

InnovationManagement

We tend to forget that the success of online stores doesn’t depend only on online marketing methods. Of course, the modern business world is almost entirely digitalised and customers are increasingly purchasing products online, however, we cannot ignore the influence offline marketing has on online businesses. The post Why Your Online Marketing Needs an Offline Boost appeared first on Innovation Management.

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A virtual consultant is born!

Board of Innovation

Our consultants move heaven and earth to help businesses innovate in a relevant and meaningful way. But how do we keep raising the bar even more? To facilitate the needs of our customers on a different level we set out a new goal for ourselves: becoming half human and half machine. Sounds a bit sci-fi. Continue reading. The post A virtual consultant is born!

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How To Change The Way Local Government Works From The Inside Out

Moves the Needle

“A city is not gauged by its length and width, but by the broadness of its vision and the height of its dreams.” - Herb Caen Those who carry this vision forward and empower these dreams are the past, present, and future city leadership and employees. The vision is embodied by the residents of the city. The way a city works, the way it prioritizes and manages projects and tests new ideas, has a profound impact on all of its “customers”, influencing staff morale and residents’ reactions.

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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.

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Emerging Collaborative Tribes, Networks and Collectives 

Innovation Excellence

It is becoming widely accepted that collaborative organisations adopt more fluid and loose structures, where individuals are given greater responsibility to take smart risks, make decisions appropriate to their role and the task concerned: Without hierarchy, status, power plays and the conventional “red tape” implicit rules, where people have a hunger to learn, are willing.

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The Four Essentials For Engaging the Crowd With Your Innovation Program

InnovationManagement

Each strategic consultation with an IdeaScale Innovation Strategist starts with you. What outcomes would you like to see in 6 months time? in 1 year? The post The Four Essentials For Engaging the Crowd With Your Innovation Program appeared first on Innovation Management.

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Sustain Strategic Focus: Align with External Cycles

Focused Momentum

Gaining a different perspective and discovering new influences on success are ideal outcomes of a robust strategic planning process. However, they don’t have to be packed away as you document your plan and move into implementation. The teams that immediately work to change their operational planning to include newly discovered external influences are better able to sustain strategic focus and accelerate performance against strategic goals.

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Innovation Versus R&D Spending

Strategyzer Innovation

Investments in R&D to foster technology, science or product innovation are just the first steps towards success. The hard part of innovation is achieving market success with the technology and products we invent. Some of the most innovative companies in the world do not spend a lot on R&D in proportion to their revenues. We are often asked to advise company leaders on how much they should invest in technology, science and product innovation.

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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.

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Top 20 Innovation Articles of April 2019

Innovation Excellence

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are April’s twenty most.

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Innovation Ecosystem Maturity

CREATORS

I do not believe in comparing different innovation hubs around the world and creating “most compelling” rankings. The reason is simple?—?it does not really matter whether Singapore, Tel Aviv or New York are better or worse than the other. What is important is that all of them are well developed and will provide the right tools for the startups regardless of the fact that they may be no. 1 or 23 worldwide.

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How to Avoid a Marketplace Flop

Econic

You know Gerber. It has built a strong brand with parents from all around the world over the last 90+ years. Parents know that when they choose Gerber, they are getting quality food for their babies. Like all companies, however, Gerber needs to innovate and grow. Since Gerber had already built such a strong brand with parents, they had a hunch that the best place to expand was by providing more products to parents.

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StratChat Replay: Innovation Readiness Assessment with Tendayi Viki & Alexander Osterwalder

Strategyzer Innovation

Visual live-drawn by Holger Nils Pohl. As the pace of change in our world has increased, competitive advantages have become temporary. Companies now need to be able to support and nurture innovation - not as one-off projects, but as a repeatable process. Innovation proficiency is no longer optional. The questions for leaders and intrapreneurs are: How ready is your company to nurture and support innovation?

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.