article thumbnail

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.

article thumbnail

Big Data in Open Innovation

Yet2

Using Big Data in our own scouting activities has been an investment we’ve been making over the few years. To help make this intangible concept feel a little more real, below we share just 3 examples of how we at yet2 leverage Big Data in our scouting: Starting with unique, quality datasets: avoid “garbage in, garbage out.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top Qualities of a Good Team Leader (And How to Develop Them)

CMOE

Like any hard or soft skill, leadership qualities are developed through conscious, consistent learning and training. The skills you need will depend on your role and industry, but for this article, CMOE is taking a holistic approach and highlighting the top seven qualities of a good team leader. How to Develop This. Motivation.

article thumbnail

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. This process is widely adopted by managers, executives, and consultants to drive new product development, service innovation, and business model refinement. What is Design Thinking?

article thumbnail

The Importance and Benefits of Ensuring Data Quality

Acuvate

In 2017, The Economist reported that data is the oil of the digital era and has dethroned oil as the most valuable resource in the world. But unlike oil, extracting, maneuvering, filtering, refining and storing the continuous stream of data from various internal and external sources is a herculean task. Improves Customer experience.

Data 72
article thumbnail

A Quick Guide to Data Estate Modernization with Azure Synapse Analytics

Acuvate

The modern business world is fast progressing on the path of reaching 175 ZB of data by 2025. Indeed, data defines the modern-day business environment. But how C-suites and business executives approached data in the past has taken a 360-degree turn. Data estate modernization is a tough row to hoe.

Data 52
article thumbnail

Use this White Space Innovation Tool to Supercharge Your Innovation Efforts

Leapfrogging

Over the last two decades, I have had the pleasure of working with some of the world’s most innovative business leaders to help develop innovative solutions and services for companies big and small. What is White Space Innovation, and what are best practices, tools and online templates for teams and organizations? .

Tools 130