2024

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What is the Decision-Making Process? Definition, Steps, Examples, and Ethical Process

IdeaScale

What is the Decision-Making Process? The decision-making process is defined as a systematic approach to making choices or selecting a course of action among several alternatives. It involves several steps, which can vary depending on the context, complexity, and significance of the decision.

Examples 246
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There Is No Formula For Success. We Need To Prepare For Luck.

Digital Tonto

The French writer Albert Camus believed our existence was absurd. He compared the human condition to Sisyphus, the mythical Greek king condemned to roll a boulder uphill, only to see it roll back down, for eternity. Incredibly, Camus imagines Sisyphus, returning to his labors at the foot of the mountain, as happy, having found meaning in his task. That is the nature of existential rebellion, to find meaning for yourself in a universe that provides none.

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6 Common Leadership Styles — and How to Decide Which to Use When

Harvard Business Review

Research suggests that the most effective leaders adapt their style to different circumstances — be it a change in setting, a shift in organizational dynamics, or a turn in the business cycle. But what if you feel like you’re not equipped to take on a new and different leadership style — let alone more than one? In this article, the author outlines the six leadership styles Daniel Goleman first introduced in his 2000 HBR article, “Leadership That Gets Results,” and explains when to use each one.

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Transforming existing schools is an exercise in futility

Christensen Institute

The need to transform our K–12 schools grows more pressing each day. But here’s the hard truth: transforming existing schools is nearly impossible. The primary obstacle? Value networks. What is a value network ? It’s the environment that an organization exists within—the external entities that provide key resources and define the rules for staying in business.

Exercises 139
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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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Top 40 Innovation Bloggers of 2023

Innovation Excellence

After a week of torrid voting and much passionate support, along with a lot of gut-wrenching consideration and jostling during the judging round, I am proud to announce your Top 40 Innovation Bloggers of 2023: Robyn Bolton Robyn M.

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Managing Product Portfolios with AI | Sopheon

Sopheon

InnovationOps is the way of the future for any organization intent on efficient, repeatable and scalable innovation. By bringing together culture, ways of working, people and products, companies can operationalize innovation and bring every team member together under an overarching goal.

More Trending

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Many Employees Fear Being Replaced by AI — Here's How to Integrate It Into Your Business Without Scaring Them.

Entrepreneur - Innovation

There's no need to convince employees of the merits of artificial intelligence — just show them they are about to become more relevant, not less.

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4 Questions Worth Asking on International Women’s Day

Planview

Nearly 115 years ago, Clara Zetkin set a vision: that every country, every year, would celebrate women on the same day. The group that Zetkin rallied in Copenhagen then — about 100 passionate women from 17 countries — has grown exponentially. In fact, International Women’s Day (IWD) is now an official holiday in more than 25 countries, with thousands of marches, debates, concerts, and talks taking place each year.

Policies 105
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Qmarkets and Arable Ventures Launch Partnership to Provide Combined Corporate Venturing Software & Consultancy Services

Qmarkets

A new partnership between Qmarkets and New York-based innovation and venture strategy firm Arable Ventures will provide a specialized innovation solution for enterprises across North America comprising both strategic consultancy services and dedicated software. Qmarkets works with consulting partners around the globe in order to offer localized support and strategic guidance to its customers wherever they are situated.

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Practicing Detachment: A Pathway to Fostering Sustainable Growth

Faisal Hoque

Detachment is not about disconnecting from the world; it's about finding inner peace amidst chaos, and embracing change with grace.

Change 105
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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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How to Identify Weak Signals in Real-Time | ITONICS

ITONICS

Innovation teams face the challenge of constantly tracking and monitoring emerging trends and technologies, and other early signals relevant to their business. In the following, you'll learn some essential steps to help your team identify innovation opportunities and risks faster to stay ahead of the curve.

How To 66
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If You Want To Tell A Kick-Ass Story, Do These 3 Things

Digital Tonto

Some years back I was invited to visit the Institute for Advanced Study in Princeton. Over the years many of the world’s greatest minds have taken up residence there. It was where Einstein, along with other giants like Oppenheimer, von Neumann and Gödel, would reside until his death in 1955. It is a place, for me at least, in which stories permeate from every corner and crevice.

Study 190
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6 Strategic Concepts That Set High-Performing Companies Apart

Harvard Business Review

Strategic concepts come in and out of fashion as the needs and dynamics of the marketplace change. Research and analysis of today’s landscape identifies six key strategic concepts that set outperforming companies apart: Borrow someone’s road, partner with a third party, reveal your strategy, be good, let the competition go, and adopt small scale attacks.

Company 142
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3 education innovations to watch in 2024 (hint: it’s not just about skills and AI)

Christensen Institute

Over the past few years, evidence about the profound link between social capital and economic mobility has expanded through both research and practice. Opportunity Insights’ study on economic connectedness and LinkedIn’s study on weak ties and job-getting are some examples At the same time, we’ve seen the rise of practice-based evidence, through efforts of leading organizations like Basta and Climb Hire, and technology platforms like People Grove and Handshake publishing impact reports on how us

Policies 131
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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.

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It is Possible to Have Too Much

Innovation Excellence

GUEST POST from Mike Shipulski When your best isn’t good enough, how do you feel? When your best isn’t good enough, what do you do? But more importantly, when your best isn’t good enough, what does that say about you?

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Aligning product development and manufacturing | Sopheon

Sopheon

It’s a simple but common truth: teams that don’t collaborate and communicate won’t consistently innovate. Innovation at scale requires open channels of dialogue to ensure speed and accuracy, but that can’t happen when teams work in silos — especially when it’s between product development and manufacturing. These two teams are integral to product success, and they must leverage each other's expertise and perspectives, which can negatively impact innovation and problem-solving capabilities.

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The Rule of Thirds

Rmukesh Gupta

In one of her interviews, Olympian, author and film maker Alexi Pappas shares what she learnt from her coach – The Rule of Thirds. According to the rule, if we are pursuing a worthy goal, a third of the time we are in pursuit we should feel great, a third of the time, we should feel ok and a third of the time we should feel bad. If the proportion of the time we feel great, ok and bad is around the same, we are on track.

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I Moved My 80-Person Company to a 4-Day Workweek Even Though It's Against the Industry Norm. Here's Why We'll Never Go Back.

Entrepreneur - Innovation

Dominic Tremblay and his partner Ludwig Ciupka are co-founders of TUX, a creative agency that introduced a 4-day workweek. Read more about the model's success.

Industry 112
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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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Three Voices Every Leader Needs

Michael Roberto

Fortune's Michal Lev-Ram and Alan Murray recently interviewed Otis Elevator CEO Judy Marks at Deloitte University. Marks offered some great insights to the assembled group of leaders from a variety of companies. In the interview, Marks offered a great comment about the types of voices that a leader needs to hear now and again. She specifically mentioned three voices: You need a group of very trusted people who are going to tell you truth because things get filtered and they really do.

Groups 52
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What's Included in a Free the Genie for Teams Engagement

Idea Champions

Free the Genie for Teams is a simple, online, collaborative process that enables teams to unleash their collective genius and generate breakthrough ideas in service to a compelling goal, challenge or opportunity. The service we provide is the distillation of what we've learned, since 1987, designing and facilitating more 1,500 creative thinking sessions for 130 organizations in 11 countries.

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Revolutionizing the Deal-Making Landscape: yet2’s 11 Deals in a Single Month

Yet2

One of the ways we measure our success is through getting our clients to a deal with the companies we scout on their behalf. Last month, yet2 broke the record for deals in a single month with 11 deals in February 2024. To Compare: Looking back at 2022 , we set a new record for deals. Compared to 2021, we increased our deal count by 60%, and compared to 2020, we saw a whopping 140% increase.

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Why The Right Way Is Usually The Hard Way

Digital Tonto

One of the things that I’ve learned in over two decades researching innovation, transformation and change is that things that change the world always arrive out of context, for the simple reason that the world hasn’t changed yet. Ideas start out feeble, weak and alone. They need ecosystems to make an impact on the world. Einstein's ideas about relativity started out as a boyhood dream about riding on a bolt of light.

Change 161
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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Leading a Company That Can Thrive in a Chaotic World

Harvard Business Review

Worldwide, the past few years have been marked by multiple, intersecting crises — and things aren’t likely to get less complicated anytime soon. The authors met with a group of CEOs to discuss how they lead amid this ongoing chaos. To thrive in this chaotic new world, organizations need leaders with inner strength, character, and a moral compass. By continually adapting and learning, they’ll enable their organizations to navigate these ever-turbulent waters.

Company 139
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5 Well-Intentioned Behaviors That Can Hurt Your Team

Harvard Business Review

Most people can spot a toxic leader and connect the dots on why and how they are causing damage. But it’s much harder to recognize when well-intentioned leaders are actually hurting their teams because they aren’t aware of their negative impact, and team members aren’t always comfortable pushing back. If you’re a manager with a strong desire to be helpful to your team, be aware of these five common ways you may inadvertently hurt them despite your best intentions.

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A Growth Strategy that Creates and Protects Value

Harvard Business Review

For organizations to truly innovate and grow, leaders in every role and at every organizational level must be attuned to how they are creating new value while simultaneously protecting existing value. Just as a soccer coach must simultaneously pursue both scoring and defending, leaders must constantly focus their attention on opportunities to create value — through innovation, risk-taking, and experimentation — and to protect value — by preserving and defending key aspects of their responsibilit

Strategy 138
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4 Reasons Why Managers Fail

Harvard Business Review

Gartner research has found that managers today are accountable for 51% more responsibilities than they can effectively manage — and they’re starting to buckle under the pressure: 54% are suffering from work-induced stress and fatigue, and 44% are struggling to provide personalized support to their direct reports. Ultimately, one in five managers said they would prefer not being people managers given a choice.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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3 Career-Building Strategies for an Increasingly Complex World of Work

Harvard Business Review

Most workers used to have fixed roles within a hierarchical organization, but today the nature of work today is becoming fluid and dynamic. Project-based work and freelancing are increasingly common, and many roles are now defined by outcomes rather than hours spent at a desk. Success in this new work environment requires not only recognizing that this shift has taken place but also actively strategizing to leverage it to your advantage.

Strategy 134
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When You Have to Make a Strategic Decision Without Much Data

Harvard Business Review

One big challenge that leaders have when figuring out how or where their companies can grow is that a dearth of data about future problems and opportunities. In these situations, there are three techniques that leaders can employ to develop insights: look at customers and startups for signs of change, experience new technologies rather than just read about them, and practice “associative thinking,” which means connect two seemingly disparate concepts to develop a novel idea.

Data 141
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Put Marketing at the Core of Your Growth Strategy

Harvard Business Review

Companies that make the decision to put marketing at the core of their growth strategy outperform the competition, according to McKinsey research. Specifically, both B2C and B2B companies who view branding and advertising as a top two growth strategy are twice as likely to see revenue growth of 5% or more than those that don’t (67% to 33%). Yet their research also showed that few CEOs recognize the potential for marketing as a growth accelerator.

Marketing 140
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How to Address a Resume Gap When Switching Careers

Harvard Business Review

The prospect of a new career can hold a sense of excitement. But what should you do if your job search has become a disheartening slog and the gap on your resume just seems to be growing wider by the day? What can you do to protect your mental health and rekindle your optimism for the future? In this article, the author offers practical advice to help you navigate your career switch when you’re worried about a widening gap on your resume.

How To 132
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How to Achieve Product-Market Fit

Speaker: Dan Olsen - Product Management Trainer and Consultant, Author, and Speaker

Everyone working on a product is trying to achieve the same goal: product-market fit. But most products fail to do so. In this webinar, product management expert Dan Olsen will share his simple but effective framework for achieving product-market fit from his book The Lean Product Playbook. He will explain his Product-Market Fit Pyramid and The Lean Product Process, a 6-step methodology that guides you through how to: Determine your target customer Identify underserved customer needs Define your