Sat.Jul 09, 2022 - Fri.Jul 15, 2022

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Five Myths That Kill Change and Transformation

Innovation Excellence

GUEST POST from Greg Satell I first became interested in transformation in the fall of 2004. I was managing a leading news organization in Kyiv, Ukraine when the Orange Revolution broke out.

Change 85
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Designing Effective Change Tactics Starts With Viable Targets

Digital Tonto

When we’re passionate about something, we want to take action. We want to launch an initiative, start a business, hit the streets, get stuff done. Yet our bias for action can be a trap that. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Design 223
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Don’t Lose Your Best People. Use the 9-Box Grid to Grow Your Future Talent.

Leapfrogging

Keep and develop your best people to create a high-performance culture and competitive advantage. Hiring good people is tough. Retaining your best talent can be equally challenging. In today’s disruptive world, competitive advantage relies as much on people as it does technology. So, how do you objectively know which people are your all-stars, especially in a bigger organization?

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How Fintech Can Deliver on Its Social Impact Promises

Harvard Business Review

Digital financial companies are making big claims about financial inclusion — but are failing to disclose data that backs up their efforts.

Data 126
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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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Reparations from France should go to Haitian entrepreneurs, not the government

Christensen Institute

This article was first published by the New York Sun on June 29, 2022. Generations of poor Haitians paid France—its colonizer—roughly $560 million in today’s dollars. According to some estimates, if these funds had stayed in Haiti instead of moving out of the country, the Haitian economy could be eight times larger than its 2020 GDP of roughly $14.5 billion.

Marketing 105
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Why Wellspring Chose to Raise Capital in 2022

Wellspring

Today, Wellspring announced a significant capital raise. You can read the press release to learn more about Resurgens , our new growth partners, and the deal itself. In this post, I’d like to focus on the bigger picture — why it made sense to raise a fresh round of capital, why 2022 was the right time, and why I’m deeply excited for Wellspring’s future.

More Trending

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Does Elon Musk Have a Strategy?

Harvard Business Review

A look across Tesla, the Boring Company, SpaceX, and his other companies reveals a consistent vision, organization, and ability to mobilize resources.

Strategy 124
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Transforming classroom practices by meeting teachers’ Jobs to Be Done

Christensen Institute

Over the last two and a half years, if there was a glass-half-full way of looking at COVID-19’s effect on education, it was to consider how the challenges created by the pandemic might also catalyze innovation. Remote learning led to substantial investments in devices, software, and connectivity that could serve as basic infrastructure to support innovative approaches to teaching and learning.

Meeting 98
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How “Core” Innovation Has Landed the Supply Chain in Its Current Mess

Wellspring

Get a look at how the supply chain has missed on innovation in the past, and why strategic innovation is proving to be the way forward. This article was originally published on Supply & Demand Chain Executive.

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Raising Lean Thinkers in a Lean House

Kainexus

Karidja Sakanogo joined us on our Continuous Improvement webinar series to share the core values and dimensions of Lean management that can alleviate parenthood. You can watch the webinar recording here or read the webinar transcript below.

LEAN 89
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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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Adding More Data Isn’t the Only Way to Improve AI

Harvard Business Review

Four strategies to boost your algorithm’s accuracy — especially as it relates to the physical world.

Data 124
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Abortion: The imperative to reflect reality, not a false dichotomy

Christensen Institute

Our nation is in the midst of multiple crises, and it’s hard to see how we’ll get through any of them. But when it comes to abortion, rethinking the categories we use to discuss this particular crisis sheds light on how we can move forward. The Supreme Court’s recent Roe v. Wade decision marks yet another one-size-fits-none approach propelled by an unprecedented era of extreme political polarization.

Study 98
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How the Customer in 9C Saved Continental Airlines from Bankruptcy

Innovation Excellence

GUEST POST from Howard Tiersky When Gordon Bethune took over as CEO of Continental Airlines in 1994, the carrier had just emerged from its second bankruptcy and was headed for their third and potentially final round.

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My Favorite Mistake, Your Favorite Mistake? Learning From Mistakes as Individuals and Organizations

Kainexus

Mark Graban, Senior Advisor at KaiNexus, joined us on our Continuous Improvement webinar series to talk about My Favorite Mistake, Your Favorite Mistake? Learning From Mistakes as Individuals and Organizations. In this webinar, you'll learn and hear stories about: · Why it’s important to admit mistakes to ourselves · How to reflect on mistakes without being too hard on ourselves · How to prevent repeating our mistakes · Key leadership behaviors that create a culture where it’s safe for people to

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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 You Lose with Your New strategy

Harvard Business Review

Changing your strategic priorities will inevitably come with downsides. Here’s how leaders can address those losses head on.

Strategy 104
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12. Avoid Mobsourcing

Stephen Shapiro

Tip 12 from Best Practices are Stupid… Imagine you are the former Governor of California, Arnold Schwarzenegger. Your state is struggling with myriad issues ranging from a perpetual and growing deficit to a decaying education system to an infrastructure that can’t handle the ever-increasing population. What do you do? Like any good innovator, you turn to crowdsourcing, just as Governor Schwarzenegger did.

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Cultivate Innovation by Managing with Empathy

Innovation Excellence

GUEST POST from Douglas Ferguson Managing with empathy is a leader’s superpower. Empathy opens the door to increased innovation, collaboration, and engagement.

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How to Define the Right Search Criteria in Emerging Technology Scouting

ITONICS

Which emerging technologies will be game-changers for your industry? Recognizing this early can be a great asset to your business. To adapt to changes in the market, companies must research technological breakthroughs and use them to develop products and services to meet evolving consumer needs.

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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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Build Learning into Your Employees’ Workflow

Harvard Business Review

Developing employees’ skills doesn’t have to be disruptive. In fact, research suggests it shouldn’t be.

Learning 101
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Bullying Doesn't Just Happen in Schools. Here's How to Turn a Workplace Culture of Bullying to a Culture of Innovation

Entrepreneur - Innovation

In today's workplace, you need a culture that allows people to be their best -- inclusiveness and acceptance are essential.

Culture 75
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A Framework for High Performance Leadership

Rmukesh Gupta

Premise: I read a post by Michael McCune on Gartner’s blog about thought leadership and it resonated really well with me. In the post, he talks about the importance of original thought provoking content. Content that deepen’s someone’s understanding of their own challenges and how to solve them by sharing an insight that is either original or is non-obvious has significant impact.

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Supply Chain Innovation (Part 2): Developing Future-Fit Supply Chains

ITONICS

As a variety of factors continue to impact the global economy, the clear call for companies to prioritize foresight and innovation across business activities is more relevant than ever. In this blog, we look at the role of foresight and innovation in supply chain management to anticipate and respond to future requirements for supply chains. Moreover, we provide three k ey factors to ensure future-fit supply chains.

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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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What Makes Innovation Partnerships Succeed

Harvard Business Review

Collaborations often start with high hopes — then break down. Here’s how to actually make them work.

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What Did the Pandemic Teach Us About New Product Development?

Planview

In this post, you will find questions and answers from an incredibly timely and informative webinar that provided crucial new product development best practices based on lessons learned from the pandemic. The information collected in these Q&As will act as valuable assets for anyone wanting to make clear the real need for more adaptive product development and to show that an accelerated process is still highly possible, even in the face of consistent disruptions.

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14. Your Market Research Sucks! (part 1 of 2)

Stephen Shapiro

Tip 14 from Best Practices are Stupid…remember this is from over 10 years ago. Splitting this into two posts. Imagine you are a hearing aid manufacturer and you want to develop the next generation of product. You conduct surveys and focus groups and discover that nearly 80% of the hearing impaired population, despite the recommendations of their health care provider, refuse to wear hearing aids, mainly citing cost as the key reason.

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Snowflake vs. Azure Synapse Analytics: 4 Areas of Comparison

Acuvate

With the world gearing to reach 175 ZB of data by 2025, many organizations have realized that moving their data to the cloud is the need of the hour. Not only does the cloud offer benefits in terms of scalability and reduced costs, but it also provides companies access to a host of data analytics and ETL (extract, transform, and load) tools, enabling them to process large amounts of information and extract meaningful insights from it.

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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 One Health Plan Reduced Disparities in Medication Adherence

Harvard Business Review

SCAN Health Plan reduced the gap by 35% — the equivalent of roughly 700 more Black and Hispanic members taking their medications as prescribed.

Groups 89
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Design Thinking: a Global Study on Implementation Practices in Organizations from HPI

InnovationTraining.org

Top insights from this 2022 Hasso Plattner Institute study. In 2015, the Hasso Plattner Institute (HPI) and the Stanford Design Thinking Research Program conducted one of the most extensive global studies looking into the state of design thinking in organizations. A replicative study was done more recently in 2021 , reviewing the development of the last six years and outlining the future of design thinking in organizations.

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13. Lessons from Indiana Jones®

Stephen Shapiro

Tip 13 from Best Practices are Stupid. Here I explore the lessons from one of my favorite movies of all time. In 1989’s “Indiana Jones and the Last Crusade,” the nerdy archeology professor Indiana Jones advises students to “forget any ideas you’ve got about lost cities, exotic travel and digging up the world. We do not follow maps to buried treasure, and ‘X’ never, ever marks the spot.”.

Study 52
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What is Innovation Accounting? Explained by Artificial Intelligence

IM Insights

By Elijah Eilert. My friend Mark Vaughn recently found this interesting tool – OpenAI. In a group chat with friends, we had some fun with it, writing poems and asking the AI silly questions. Needless to say, I wanted to see how well the answer to this question would turn out: What is innovation accounting? “Innovation accounting is a framework for measuring and managing the progress of innovative initiatives.

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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.