Sat.Jul 04, 2015 - Fri.Jul 10, 2015

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Innovation is the one thing you can't delegate

Jeffrey Phillips

Peter Drucker made the claim that the modern corporation has two real purposes: marketing and innovation. Everything else, he said, are costs. If Drucker was right, what does that say about most executives, who are busy managing costs? In effect Drucker is saying that they are ignoring the two most important functions of a business. In a large corporation, it's difficult to obtain the attention and mindshare of any senior executive.

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A Strategy Test: Does It Nest?

Matthew May

A few days ago, as I was waiting for an item I purchased in my local Apple store to be brought out to me from the back of the store, I had the opportunity to observe Apple’s frontline strategy be played out in front of me. It revolved around another floor associate assisting a gentleman considering the purchase of an Apple watch. Now, you might be thinking, what possible strategy would or could an Apple associate on the floor really need?

Strategy 184
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Can you innovate with the under-utilized assets in your business?

Destination Innovation

Sometimes the by-product, the surplus or the unwanted extra can become the unexpected success. All it takes is a little imagination. Brandy was originally a by-product used to help transport wine. In the middle ages in France duties were levied on the volume of wine being transported. Merchants boiled off water to concentrate the wine so as to reduce the taxes they paid.

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13th Annual Change Management Conference Wrapup

Braden Kelley

Recently I had the opportunity to attend the 13th Annual Change Management Conference in New York, NY, hosted by The Conference Board. The event represented a convening of 200+ change management professionals from around the United States.

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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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Innovation is a cultural phenomenon

Jeffrey Phillips

There's really no easy way to say this, so I'll come right out with it. It's your culture that's holding you back when you try to innovate, but no one wants to admit that. Most consultants and executives want to focus on interesting innovation tools, or idea management software, or creative design concepts, because these are flashy and new, and distract attention from the real challenge at hand.

Culture 194
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Innovate to Reduce Your Customer's Risk

Innovation in Practice

Do you remember a time when you were just about to buy something, but at the last minute, you stopped and said, “No, I don’t think I’ll buy this.” So what stopped you? It was most likely because you were worried about something. There was too much risk around the purchase, so you walked away. Guess what? You’re just like every other consumer out there.

More Trending

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How to get ridiculously cheap business-class airfares.

Xplaner

If you know me, you know I hate traveling internationally. I mean, I like being in wonderful places but generally, I hate the process of getting there. That’s why I was excited to learn that business-class airfare doesn’t have to be expensive.

How To 76
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What Douglas Adams knew about innovation

Jeffrey Phillips

I'm a huge fan of Douglas Adams and his four part trilogy including the Hitchhiker's Guide to the Universe. I was such a huge fan that I convinced my son to read the books, and now he and I both know that 42 is the answer and we never go anywhere without a towel. If the previous sentence doesn't mean much to you, go read the books. They are worth it, believe me, for their humor, their typical British stiff upper lip response to the word and the paradoxes like the Improbability Drive.

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Death by Spreadsheet: Avoiding Innovation Program Failure

KindlingApp

Recently we had a customer come to us for help with running a strategic nationwide innovation campaign. Their offices are located all over the country, and they were currently collecting ideas for these campaigns with an idea spreadsheet. Anyone could submit an idea to this spreadsheet with the expectation that the best ideas would be evaluated. They had run these types of campaigns in the past, about a couple per year.

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Essential Strategies For Exceeding Expectations

Daniel Burrus

In today’s highly competitive world, it’s never been more important to exceed both personal and professional expectations. If you’re merely meeting expectations, you can position yourself as good — but not great. Or, you might be positioned as great, but not extraordinary. You will continue to have to work hard to add new customers and grow your business, as well as your reputation, and you will find competitors stealing your customers.

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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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A $7.6B Write-off Plus Layoffs Is Never a Good Sign Microsoft

Adam Hartung

Microsoft announced today it was going to shut down the Nokia phone unit, take a $7.6B write-off (more than the $7.2B they paid for it,) and lay off another 7,800 employees. That makes the layoffs since CEO Nadella took the reigns almost 26,000. Finding any good news in this announcement is a very difficult task. Unfortunately, since taking over as Microsoft’s #1 leader, Mr.

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What if you can get an ROI on Money & Impact?

Mills-Scofield

A different way to calculate ROI - on LinkedIn. Return on Investment and Impact are not mutually exclusive - they are mutually reinforcing.

Culture 48
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Feature Friday: Enhanced Engagement Metrics

KindlingApp

When clients decide to hop on the innovation management train, they are often driving towards some pretty broad goals like “creating a culture of innovation,” “identifying a new revenue stream,” or “uncovering process improvement opportunities.” Developing an innovation management program to achieve these goals takes time, so demonstrating incremental results along the way becomes critical, especially in the realm of how employees are receiving an innovation program.

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It’s All Getting Personal

CorporateIntel

It’s a bit weird, this Author thing. Let me try to explain. For as long as I can remember, putting words on paper has been an integral part of my life. It started when I was a kid, with little plays and poems. Then in high school it became short stories and full-length plays. Then in college some more plays, some student films, and the occasional joke for a journeyman standup comic.

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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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Comment on My SUCCESS Magazine Audio Interview by sshapiro

Stephen Shapiro

I sent a response via email. Also, I removed your contact details from the comment to protect your information. Thanks!

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Total system failure

Eddielogic

Last week, I was the victim of a total system failure.

System 50
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Valuation During Bankruptcy

Information Playground

In partnership with Dr. Jim Short of the San Diego Supercomputer Center (in his Architecting for Value research) I've been exploring the topic of data valuation processes within the enterprise. In a previous post I highlighted five different use cases where we are looking at how valuation occurs. These use cases include M&A, asset valuation, data monetization, the sale of data assets, and data insurance.

Data 32
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Evolving 7-Eleven through Innovation

Innovation Leader

Rob Chumley’s mission: Help 7-Eleven Inc. become more than just a quick stop for a sandwich and a Slurpee.

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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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Understanding how people understand

Xplaner

Video 56
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The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

Companies in the automotive value chain are faced with a challenging future. While reporting record quarterly sales , they are also witnessing two alarming trends. Because of problems such as pollution, climate change and loss of productivity due to long commute times, consumer attitudes towards car ownership and use are changing. In the medium and long term, i.e., the next 5-30 years, these changes have a high probability to negatively impact automakers, their suppliers and their dealers, al

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Hands-On or Hands-Off?

Mike Shipulski

Hands-on versus hands-off – as a leader it’s a fundamental choice. And for me the single most important guiding principle is – do what it takes to maintain or strengthen the team’s personal ownership of the work. If things are going well, keep your hands off. This reinforces the team’s ownership and your trust in them. But it’s not hands-off in and ignore them sense; it’s hands-off in a don’t tell them what to do sense.

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The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

Companies in the automotive value chain are faced with a challenging future. While reporting record quarterly sales , they are also witnessing two alarming trends. Because of problems such as pollution, climate change and loss of productivity due to long commute times, consumer attitudes towards car ownership and use are changing. In the medium and long term, i.e., the next 5-30 years, these changes have a high probability to negatively impact automakers, their suppliers and their dealers, al

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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.