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Goodhart’s Law: When a target becomes its own enemy

Idea to Value

Goodhart’s Law is named after economist Charles Goodhart, who in an 1975 essay about Monetary policy noticed that “ Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes. What is the strategy? So they offered to pay for dead snakes brought to them.

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Digital Skills Provide a Development Path for Sub-Saharan Africa

Harvard Business Review

They can export digital skills to Western Europe, United States, and Asia through the unbounded and unconstrained opportunities the internet has provided through “digital jobs” from music to software development to prompt engineering.

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Integrating ‘Agile’ Approaches into ‘Waterfall’ Cultures

InnovationTraining.org

becomes the salient question, and discovering the likely answers determines the responses that will be developed. Agile is a more recently developed process, first adopted as a term in the early 2000’s by software developers gathered in Snowbird, UT to represent a basket of flexible planning methodologies.

Agile 74
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Here comes the hypenated innovation offering

Jeffrey Phillips

This slight rant of mine was started when I saw a new software application talk about its ability to help its clients in agile lean innovation. Agile is a word adopted from software development, which is really just about stripping away a slow, steady development process replacing it with short "sprints" to complete a few features at a time.

LEAN 100
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Everything you need to know about innovation management software

hackerearth

Companies with a formal system in place are 75% more likely to define their innovation strategy as delivering a competitive advantage (21% vs. 12%), twice as likely to introduce a new business process or model (32% vs. 16%), and 35% more likely to say they are typically first to market with new products or services (50% vs. 38%).

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Innovation management software: Everything you need to know

hackerearth

Companies with a formal system in place are 75% more likely to define their innovation strategy as delivering a competitive advantage (21% vs. 12%), twice as likely to introduce a new business process or model (32% vs. 16%), and 35% more likely to say they are typically first to market with new products or services (50% vs. 38%).