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Designing Circular Business Models: From Ideation to Implementation

The BMI Lab Blog

The company should fundamentally ideate new value propositions and value creation mechanisms along a circular ecosystem. Two methods of ideation can be distinguished – the structured and unstructured method. Using the unstructured method, all solutions are basically the result of a freestyle brainstorming.

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The Future of Design Thinking: Integrating Artificial Intelligence for Success

Leapfrogging

From healthcare to finance, AI’s ability to process vast amounts of data at unprecedented speeds has revolutionized traditional practices. It encompasses five key stages: empathize, define, ideate, prototype, and test. For an in-depth look at the techniques available, peruse AI-powered design thinking techniques.

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Innovative Thinking to Control Healthcare-Associated Infections

Innovation in Practice

Finding new, innovative ways to address a confounding problem like this is difficult, especially if hospitals continue to seek solutions using outdated, “think-outside-the-box” methods like brainstorming. Fifty years of research shows brainstorming doesn’t work. These patterns are embedded into products and services almost like DNA.

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How to explore the full potential of digital transformation through innovative business models

The BMI Lab Blog

For each opportunity area, you can now ideate on business ideas. Gather your team, pick 6-10 patterns for each opportunity area and brainstorm on how the pattern could be applied to your company. Prioritizing these two factors, you should come up with a list of two to three opportunity areas. Your team is currently working remotely?

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Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

When you’re trying to come up with new ideas, you can use brainstorming techniques such as mind mapping, free association, and ideation exercises to help you generate a broad range of ideas. These steps can be applied to any area of your business including customer service, manufacturing, and finance. LEAN Method.

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How Israel’s Oldest Bank Is Engaging Employees to Become a Leader in Banking Innovation

Qmarkets

Since deployment, the Bank has run ongoing idea challenges, engaging thousands of the bank's employees in online idea brainstorming to tackle a variety of the company's challenges. How do you view these challenges to Bank Leumi as a leader in the Israeli Finance industry?

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How to Keep Innovating During an Economic Crisis

Innov8rs

Take a collaborative approach to innovation, looking at it as a polygamous relationship in which you engage with different groups within your organization, including marketing, sales, legal, compliance, IT, and finance. For example, you could set a standard for brainstorming.