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The Knowns and Unknowns of the Front End of Innovation

HYPE Innovation

Secretary of Defense Donald Henry Rumsfeld, who mentioned “unknown unknowns” (Rumsfeld, 2002). The above quote is from the former U.S. Since then, people have started using quadrants of knowledge, i.e., known known, known unknown, unknown known, and unknown unknown, to understand and explain the nature of risk but also of leading to an opportunity. For innovators so much of innovation is hard to detect, it needs discovery and working through these quadrants of knowledge as well.

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Trust the Customers, Not the Experts

Destination Innovation

When he returned to England in 2002, he endeavoured to raise funding. In 2002 he was successful in gaining a grant from the Prince’s Trust who also provided him with a mentor and business advice. Rob Law and Trunki. Rob Law studied Product Design at Northumbria University.

Examples 215
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Sustaining a Healthy World Through Growing Crop Health

Business and Tech

According to the USDA Economic Research Service, public agricultural research and development has declined by about a third between 2002 and 2019, even though there is an average of $20 of benefits to the U.S.

Report 130
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Comment on Innovation Minute #25: How to Conduct Healthy Experiments by Fraser Liscumb

Stephen Shapiro

Our Hub mandate in 1996 was to change not what the system did but how it did it and 80% of what we tested is now growing in the Global marketplace, The last 20% was a more advanced 21st century form of Crowd Funding was seen as to innovative and to disruptive in 2002 to be supported and the technology to expand beyond a single community collaboration system is still not been able to transform it to go beyond a silo technology.

System 50
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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

In 2002, Circuit City looked at the retail landscape, saw success in its future, and decided CarMax needed to be its own company. Seeing the writing on the wall, Compaq sold itself to Hewlett Packard in 2002.

Company 130
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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002). 2002). 2002).

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Companies can leverage ESG for growth and increased revenue: Even during the COVID-19 pandemic

Xinova

In May, 2002 Richard founded Transcarta, which focuses on assisting financial services companies with […].

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The Evolution of My Speaking Video

Stephen Shapiro

So with that as background, here’s the evolution of my speaking video, starting with my first one from 20022002: Style over Substance (3 minutes). In a post last week, I shared with you my most recent demo video. Over the years, I’ve had several different versions. In this post, I share my four primary demo videos from over the years. Although I’ve had other videos for specific purposes (e.g.,

Video 54
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Will hybrid work last?

One2Team

It was in the 1990s that remote/hybrid work started to get more visibility, having been mentioned at the G7 in 1995 and framed by agreements in 2002 and then in 2017.

Study 52
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Who were the Greatest Britons?

Destination Innovation

In 2002 the BBC ran a poll to determine who the public considered to the the greatest British people of all time. It was broadcast as a TV programme and you can see the full list of 100 names at 100 Greatest Britons. It includes some odd nominations including the engineer Brunel at #2 (voted for by the students at Brunel University), Diana, Princess of Wales at #3 and the actor Michael Crawford at #17.

Examples 119
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SnapStrat hires former Talend Exec as CTO

SnapStrat

Upton had founded Oakland Software in 2002. Oakland, April 30, 2018 — SnapStrat , an innovator in data science enabled solutions for strategic decisions, today announced that Francis Upton IV has been named Chief Technical Officer. Upton was previously VP, Architecture and Governance at Talend (Nasdaq:TLND), a leading supplier of enterprise data-related technologies. Upton is being brought on to architect and build SnapStrat’s platform for strategic allocation decisions.

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Digital transformation examples

Board of Innovation

Dow Corning launched Xiameter in 2002 to comprise an online-managed, low-cost, no-frills sales channel for its commodity silicones, offering competitive pricing to customers willing to buy in bulk, without research or technical support. Digital transformation examples.

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Third Place and the Starbucks empire: the user experience at the heart of strategy

mjvinnovation

In 2002, in his book Celebrating the Third Place , Oldenburg classified the “popular coffee shop chain” as a facsimile of a third space, citing its “high volume and fast turnover operations that present an institutional environment at an intimate level.”.

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Innovation Insights from Jeff Bezos and Amazon

Destination Innovation

Although its sales of new books were growing very healthily, in 2002 Amazon introduced a service whereby people could sell second-hand books through the company’s website. As a boy brought up in Florida, Jeff Bezos developed a keen interest in computers. He graduated from Princeton in 1986 with a degree in computer science and electrical engineering.

Examples 100
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How to spend $200+ Billion for a Train Wreck

Mills-Scofield

2002: AT&T sells AT&T Broadband to Comcast for $47.5B Once upon a time, a paragon of American innovation lost its way. It embodied Einstein’s definition of insanity, spending over $200B for a train wreck… and they’re doing it again. The story starts in the last century and my part about 28 years ago. In the early 90’s at AT&T, I was on a ‘special project’ with some friends to design the next generation core domestic network.

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There are Knowns and Unknowns in Innovation: Let’s Manage Them Differently

Paul Hobcraft

Secretary of Defense Donald Henry Rumsfeld, who mentioned: “unknown unknowns” (Rumsfeld, 2002). This quote is from the former U.S. Since then, people have started using quadrants of knowledge, i.e., known known, known unknown, unknown known, and unknown unknown, to understand and explain the nature of risk but also of leading to an opportunity. For innovators so much of innovation is hard to detect, it needs discovery and working through these quadrants of knowledge as well.

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Customer Orientation Effects on Innovation

Integrative Innovation

A disruptive innovation is a new offering that introduces a different set of performance attributes relative to what already exists, and this set of attributes is initially attractive to an emerging customer segment but unattractive to mainstream customers (Adner, 2002; Christensen, 1997). There is a lot of dicussion around how customer orientation effects innovation.

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Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

2002). Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. But what is the “secret sauce” of winning athletes and companies? Is it just pure talent, work ethic, sponsoring, vision and training?

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ISS Software GmbH and Wazoku partner to revolutionise the German insurance industry

Wazoku

Set up by Sopra Steria AG in 2002, ISS Software GmbH provides its customers with more than technical excellence, expertise and cost reduction. ISS Software GmbH and Wazoku are set to transform the German insurance sector by enabling the co-creation of new solutions for insurance organisations for and in collaboration with the wider industry.

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Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

Originally, this term was coined by Dr. Michael Grieves in 2002. Have you heard of Digital Twins? Do you know how the tools and methods under this concept work? It is capable of creating virtual models of objects, processes, and large systems.

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Optimistic CEO, Pessimistic CFO: Optimal Pairing?

Michael Roberto

They studied 2,356 companies between 2002 and 2013. Here's their description of the research : We culled transcripts of conference calls between 2002 and 2013 involving both the CEOs and CFOs, and measured the executives’ optimism and pessimism by analysing their use of positive and negative words. Source: maxpixet.net Insead Professor Guoli Chen and University of Miami Professor Wei Shi have conducted some fascinating new research on mergers and acquisitions.

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Elon Musk – Serial Entrepreneur and founder of Tesla Motors and SpaceX

Destination Innovation

It became PayPal and he held 11% of the stock when it was sold to eBay in 2002 for $1.5B. Elon Musk was born in South Africa in 1971. He got his first computer at the age of 8 and started to program. At 17 he went to University in Canada and subsequently settled in the USA where he founded a company, Zip2, which provided online travel guides. Zip2 was an early internet success and in 1999 he sold it to Compaq Computer Corporation for $330m.

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Moneyball for Innovation Part 1: A New Set of Metrics for Measuring Real Innovation

The Vault

The bestselling book by Michael Lewis, as well as the movie of the same name, written by Aaron Sorkin, tells the compelling tale of how the Oakland A’s baseball team adopted/developed the Moneyball concept in 2002, and thereafter enjoyed a decade of success way out of proportion to the relatively small budget they had for players. Moneyball ….

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Innovation Networks – Needed Now More Than Ever

The Inovo Group

Cultivating Communities of Practice ; Harvard Business Review Press; January 8, 2002. Norton & Company; May 2002. In 1995, Nonaka and Takeuchi published their seminal book ‘ The Knowledge Creating Company ’ and in 2000 Etienne Wegner published his book on ‘ Communities of Practice ’ and in 2002 another book (along with Richard McDermott) on ‘ Cultivating Communities of Practice ’.

Groups 55
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#1,639 – Wolfram’s Physics Project and the Elusive Theory of Everything

Greatest. Idea. Ever.

Stephen Wolfram isn’t a house hold name yet but he should be. A highly regarded physicist and mathematician, Wolfram is more keen on using computers instead of traditional long-hand math to derive his theories and work out his computations.

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Networks, Communities, Ecosystems and Platforms

Open Innovation

For Silicon Valley and most researchers, the “platform” definition is the sort of ICT platform identified by Bresnahan & Greenstein (1999) and studied by Gawer & Cusumano in their 2002 book. Harvard Business School Press, Boston (2002). I’m now home after 3 conferences and 2 weeks on the East Coast. During the trip, much of my time — and all of my speaking roles — was spent talking about networks, communities, ecosystems and platforms.

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Research in 3D printing innovation

Open Innovation

In many ways, 3D printing research reminds me of open source software research in 2001 or 2002. Frank Piller (photo by Joel West) On Tuesday, Frank Piller and I hosted a successful workshop on 3D printing at RWTH Aachen. About 30 people attended the workshop: half from RWTH Aachen, the rest from other academic venues and a few from industry. Frank says there is an explosion of research on 3D printing (i.e.

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How to Optimize Email Marketing for the New Normal of COVID-19

Brunner

A 2% increase in customer retention has the same effect as decreasing costs by 10% (Murphy & Murphy, 2002). There’s no doubt digital experiences have been groundbreaking this year—even amidst a global pandemic. Instead of the usual COVID-19 statement, let’s take a look at what we’ve learned and where we are now. So, when it comes to an effective email strategy you’ll be able to make practical moves to improve results.

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Become proactive instead of reactive with Future Designs

mjvinnovation

He revisited this model in Advancing Futures (2002). What is a Collapse Scenario? Let’s take a step back and dig a little deeper into the theory behind Futures Studies and Futures Design in order to contextualize “scenario” and “collapse”.

Design 56
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Has COVID-19 led us into a Collapse scenario?

mjvinnovation

He revisited this model in Advancing Futures (2002). What is a Collapse Scenario? Let’s take a step back and dig a little deeper into the theory behind Futures Studies and Futures Design in order to contextualise “scenario” and “collapse”.

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Why Resilient Companies Embrace Strategic Innovation

Legacy Innovation Group

The characteristics of resilient business organizations were well reflected in Diane Coutu's 2002 HBR article "How Resilience Works" There, what we now think of as innovators were known as bricoleurs, and their trade as bricolage (so-named by the French anthropologist Claude Levi-Strauss). Why Resilient Companies Embrace Strategic Innovation. Dec 15, 2014 | Anthony Mills.

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A brief history of work, innovation and skills in the UK

Wazoku

2002 – The social network By this time, social media was rapidly growing with the launch of LinkedIn and MySpace in 2003, and Facebook in 2004. There’s no question the world of work has evolved over time.

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The Past and Future of Experience Design

Boxes and Arrows

Ten years ago, when I wrote The Making of a Discipline: The Making of a Title, 2002, there was a big debate on: Is experience design about online and mobile interfaces or is it something more? I believe the term (and industry) of experience design narrowly dodged a bullet that almost killed it in 2001 or 2002, collapsing under the weight of its own self-importance.

Design 78
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Hidden tools at my fingertips

100%Open

2002 ) Barcoding time is a process that kills creativity, as do all these teasing distractions surrounding you. It’s an ugly truth that in life, time is money, and by attending Tony Harmer’s ‘Content Velocity with Adobe Creative Cloud’ seminar last Thursday, I was led to understand that how, as a designer, it was possible to create great content even faster.

Tools 46
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Patent Quality and Utility Essential to Patent Owners

Anaqua

Filed back in 2002, 124 Grants are still active in this very large family relating to video encoding technology. By Matt Troyer, Director of Patent Analytics at Anaqua. As we prepare our 2018 year in review of the USPTO patent and publication statistics, we see a year where patent quality and utility to the patent owner is more important than ever. This results in little movement in the overall numbers, but what we believe is likely to be an overall increase in patent quality.

Roadmap 40
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2018 Patent Analysis: Patent Quality and Utility Essential to Patent Owners

Anaqua

Filed back in 2002, 124 Grants are still active in this very large family relating to video encoding technology. By Matt Troyer, Director of Patent Analytics at Anaqua. As we prepare our 2018 year in review of the USPTO patent and publication statistics, we see a year where patent quality and utility to the patent owner is more important than ever. This results in little movement in the overall numbers, but what we believe is likely to be an overall increase in patent quality.

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How to Nail Your Most Valuable Metrics Using the Customer Journey

Moves the Needle

Their messaging, circa Jan 25, 2002: "new all purpose, premium household cleaners that add elegance and sophistication to home and life." The Customer Journey Everyone is on a journey. Some quite consciously, others perhaps unknowingly, but they still are moving, evolving, and hopefully growing. Businesses are inevitably a part of the journey. Through their products and services, they influence the experience. Their influence might be, quite frankly for better or for worse. Or both.

LEAN 64
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What do you need to innovate?

David Marks

When Amazon Web Services (AWS) was introduced back in 2002, Amazon was a fledgling web retailer mainly known for selling books cheaply. Why are some companies more innovative than others? Scan the literature and you are bound to collect a conflicting array of answers. They are better led. No, they are culturally open. No, they have more efficient processes. They are particularly attuned to customer concerns. Wrong! They understand technology better. They are risk takers.

Roadmap 40
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What do you need to innovate?

David Marks

When Amazon Web Services (AWS) was introduced back in 2002, Amazon was a fledgling web retailer mainly known for selling books cheaply. Why are some companies more innovative than others? Scan the literature and you are bound to collect a conflicting array of answers. They are better led. No, they are culturally open. No, they have more efficient processes. They are particularly attuned to customer concerns. Wrong! They understand technology better. They are risk takers.

Roadmap 40
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Top Creative Clicks for the Week – Labor Day and Facebook. Is God an Algorithm?

BrainZooming

INDEX: Award was conceived in 2002 as a world event for design and was awarded for the first time in 2005. A friend recently told me a story about her friend whose grandmother, after engaging with Facebook, said the most wonderful thing. I’m paraphrasing, but it was something like this, “Ya know when I read Facebook, there is all this wonderful stuff, and I don’t how it got there. It’s like God is speaking to me.”. I love this idea so very, very much. Maybe it’s God.

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From the Rock Market to the Stock Market

The Future Shapers

Then post-Napster and the introduction of the Apple Music store, Pandora, Spotify and so on, the link between recorded and live revenues was severed, a trend spotted by David Bowie in 2002 when he told The New York Times, “Music itself is going to become like running water or electricity. Those from a certain generation will know the backstory to the title.

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Standardization as an open innovation activity

Open Innovation

An important but understudied form of open innovation is the network form (network as defined by Powell 1990). As we noted back in West et al (2006), OI needs more research on this area: at that point, OI had emphasized studying dyadic (bilateral) cooperation between firms, and a decade later that’s still true. This week I am attending the 21st annual meeting of the European Academy for Standardisation ( EURAS ), being held at the University of Montpellier.

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Regulations Work – Applaud SOX and Dodd- Frank

Adam Hartung

As a result Congress passed the Sarbanes Oxley act in 2002 (SOX,) which greatly increased the duties of Board Directors – as well as penalties if they failed to meet their duties. Last week the National Association of Corporate Directors (NACD) pre-released some results of its 2015–2016 Public Company Governance Survey. One major finding is that the makeup of Boards is changing, for the betterment of investors – and most likely everyone else in business.

Report 36