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These companies failed because leaders did not want to hear bad news: The Ostrich Effect

Idea to Value

Have you ever worked for a manager or boss who did not want to hear bad news? In organsiations which suffer from the ostrich effect, it is not just that bad news is ignored. Two examples where leadership failed to take on board bad news are Volkswagen and Nokia. These organisations might then suffer from the Ostrich Effect.

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

Idea to Value

One area where Goodhart’s Law gets even more dangerous is in target-based software development, especially Artificial Intelligence and Machine Learning. In 2015, Google used machine learning to let Google Photos tag faces of friends in uploaded photos. That way it could not die. However, other examples are not so harmless.

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Innovate and Persuade with a Well-Judged Nudge

Destination Innovation

In 2010 the British Government set up a Behaviourial Insights Team (BIT), which became known as the ‘Nudge Unit’ Its aim was to save at least ten times its running cost. In 2013 the BIT sent out thousands of letters to school students from poor backgrounds, who typically did not apply to top universities.

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Developing a new framework for risk and innovation.

Paul Hobcraft

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. Embedding risk management and innovation competence within the structures developed. Risk is becoming an evolving capability. To quote the specific parts.

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Developing a new framework for risk and innovation.

Paul Hobcraft

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. Embedding risk management and innovation competence within the structures developed. Risk is becoming an evolving capability. To quote the specific parts.

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Five Barriers to the Innovation Process and How to Overcome Them

IdeaScale

If a company developed a way of doing things in 2015, then it was likely the ideal one at the time. Technology improves; companies grow and tap into new resources; new people are hired and incorporated into the team; the standard of innovation and best practices for entire industries can shift dramatically.

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Sorting through our Innovation Management Tools

Paul Hobcraft

The latest one for 2015 is here. Shared language : tools align teams around a visual concept, making complex ideas clearer with an image. Get the facts : Every tool has strengths and weaknesses. Tracking the trends on Management Tools. They have made 15 surveys over the years and reported on the top 25 tools of each year.

Tools 100