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Planning fallacy: Why we are so bad at predicting how long something will take

Idea to Value

But did you know that it is one of the best examples of a project going over time and budget? The Sydney Opera house is one of the most iconic buildings in the world. I had the pleasure of living there for a while, and it always took my breath away. Construction was originally planned to only cost $7 million and be finished in 1963.

Project 137
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Innovation Management: Importance, Ideas, and Examples

Acuvate

Examples: Google: Google was the first company to create a business based on innovation. Google founders Larry Page and Sergey Brin addressed in their 2004 IPO letter that “We support our employees to contribute 20% of their time to work on the innovation that will benefit organization”. Schedule a demo now.

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Are You Future-Proof? Preparing for Technological Disruptions

Phil McKinney

Examples of technological disruptions abound - from the rise of ride-sharing platforms such as Uber and Lyft to online streaming services like Netflix and Hulu. One example of a company or industry that failed to adapt and suffered as a result is Blockbuster Video.

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What is a Minimum Viable Product and what is its Purpose?

Destination Innovation

For example, typical assumptions might be: Customers need our product. In 2004 Mark Zuckerberg, Dustin Moskowitz and Chris Hughes raised $500,000 in venture capital for their fledgling company Facebook. The purpose of the MVP is to test one hypothesis. Every startup business is predicated on a number of assumptions.

Video 101
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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

Take coffee, for example. Borders didn’t make a similar arrangement, with Seattle’s Best Coffee, until 2004. From the very beginning, when Borders as we know it was spun off by Kmart, combining their struggling Waldenbooks and Borders operations, the company was stuck in a catch-up mentality.

Company 130
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When Information Design is a Matter of Life or Death

Boxes and Arrows

The example shown in figure 1.5 Directive 2004/27/EC of the European Parliament and of the Council of 31 March 2004 amending Directive 2001/83/EC on the Community code relating to medicinal products for human use. uri=OJ:L:2004:136:0034:0057:EN:PDF. Redesigned medicine information leaflet from (Dickinson et al.,

Design 111
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How four market-creating innovations are improving education and employment in Brazil

Christensen Institute

A 2004 Yale University study showed that Mind Lab improved reading and math proficiency. For example, say Thiago gets a job as a delivery driver, but someday wants to own his own distribution and logistics company. The program also provides digital assets such as online games, digital versions of the books, and socio-emotional tests.