Wed.Jun 05, 2019

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Is Your Organization Headed for a Digital Train Wreck

Tembosocial

Ready or not your business is going through a digital transformation. This transformation may be part of your overall strategy or it might happen by accident. Either way, it could be a disaster.

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How To Build An Ecosystem Strategy

Digital Tonto

The truth is that value chain based strategies are slow and rigid and the world has become fast and agile. You can’t simply seek to build a better mousetrap, you need to relentlessly connect to build. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Strategy 117
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Overcome the Customer’s Concern – Transfer the Risk

Destination Innovation

During the economic depression which followed the financial crash of 2009 car sales slumped across America. Automobile makers tried all sorts of promotions, many featuring big price cuts, but they could not lure buyers onto their forecourts and persuade them to buy. Rebates and other traditional incentives just were not working. Hyundai USA took a different approach.

Marketing 203
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Key Takeaways from April’s Open Innovation Summit

IdeaScale

The Open Innovation Summit is all about expanding innovation beyond a small committee or a lab in the building to your entire organization. Just like any other scaling project, taking innovation company-wide can come with unexpected obstacles. Ideascale’s Jessica Day attended the conference and came away with a few key points to consider and how to apply them practically to your organization.

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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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How To Write A Strategic Plan: The Cascade Model

Cascade Strategy

Writing a strategic plan can be a daunting process, even for seasoned strategy professionals. However, if you have an intimate knowledge of your business, and have a clear strategic model to follow, writing a strategic plan is actually surprisingly easy.

How To 81
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Driving Exponential Online Growth by Creating and Reaching New Digital Customers

InnovationManagement

How can we succeed in the online world when it seems to be changing by the day? This article explores critical questions business leaders need to be asking themselves as they explore case examples and strategies that have been applied by others, examine how the technologies and capabilities of the ‘mobile first’ internet could evolve in the next few years and identify a set of practical actions they can adopt to drive exponential online sales growth.

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Accelerating New Businesses at Thales Digital Factory

Innovation Excellence

Last September, I was kindly treated at WeWork Lafayette by a team of 3 fine innovation, and transformation representatives from the Thales Group: Hamilton Mann is Group Director, Digital Marketing and Digital Transformation; Stéphane El Mabrouk is Head of Operations of the Digital Thales Factory; and Jean-Yves Plu is Vice President, Digital Eco-system.

Groups 58
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Use Anticipation to Turn Disruption Into Opportunity

Daniel Burrus

For the longest time, cable television was a miraculous technology that not everybody had in their homes, mostly because not everybody could afford it. Now, not everyone has it in their homes because YouTube TV, Sling TV, and other new, emerging technologies have disrupted the broadcast industry. So why didn’t Spectrum think of it first? Why did they become the disrupted and not the disruptor?

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Obratori, one-stop shopping for startups: incubation services, and funding

Rapid Innovation in digital time

With Obratori L’OCCITANE Innovation Lab, and Venture Fund, startups can find incubation services, and funding in one place.

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Idea management – driving workforce empowerment and bottom-up innovation

Wazoku

It’s no secret that happy, engaged and empowered employees, are more productive, perform better and have greater commitment to their role and company. Recent research by Engaging Works into workplace happiness revealed that in organisations with the most content staff, sick leave, staff turnover and wastage is lower, while motivation and effort is higher.

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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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Framed to Fit: Why Managers Endorse Ideas

Kainexus

Dr. Ethan Burris is a Professor of Management and the Chevron Centennial Fellow at the McCombs School of Business at the University of Texas at Austin. He is also the Director of the Center of Leadership Excellence for the McCombs School. He earned his Ph.D. in Management from Cornell University and has served as a Visiting Scholar at Google and Microsoft.

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The difference between the NEXT Canvas and the Business Model Canvas

Articles from GroundControl

What is the Business Model Canvas? The Business Model Canvas (BMC) is a strategic management and lean startup template for developing new or documenting existing business models. It is a visual chart with elements describing a firm’s or product’s value proposition, infrastructure, customers, and finances. In other words, the BMC is a design tool for the creation or renewing of business models.

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Easy Ways To Cut Costs In A Pharmaceutical Business

The Human Factor

Contributed post –. If you’re looking for a lucrative business idea, the pharmaceutical industry is a good choice. As long as you can develop effective drugs, there will always be a market for it and the profit margin on your products will be very high, so you stand to make a lot of money. However, the downside of setting up a pharmaceutical business is the cost because you’ll need a significant investment to set up research facilities and a manufacturing operation.

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Do Not Buy That Engagement Ring Until You Do This First

Innovation Excellence

The diamond engagement ring has become a nearly global symbol and along with it a ridiculously outdated way of buying it. I was engaged on the fourth of July. I popped the question to my long time girlfriend, in front of a London Pub, on our way from Paris — just after the big fireworks.

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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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15 Modern Ways To Strengthen Your Branding

The Human Factor

Contributed post –. If you want to be a successful business, then one of your main concerns should be building a strong, trustworthy brand that people want to come back to again and again. The thing is, you could offer the best product or service in the world, but people will not come back to you if they don’t have an overall great experience. Their experience encompasses everything, from email communications to the packaging they see when they receive a product.

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How to Boost Profits For Your Small Farm

The Human Factor

Contributed post –. It’s never been easier to buy and operate a small farm. There’s more farming space available, even in urban areas, and this means that people are able to buy some land and begin the farming process relatively easy. However, though getting underway may be straightforward, turning a profit can be difficult. Both first-timers and experienced farmers find that it’s becoming increasingly difficult to bring money in, especially with the rise of industrial farming practices.

How To 28
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Practical Advice For Managing Your Stock

The Human Factor

Contributed post –. image source. Managing your stock is an essential part of any e-commerce business. You need to be able to keep track of what you have, what you need to order or produce and, if your products are perishable, ensure proper stock rotation. But while managing a small stock at the beginning of your business journey might be reasonably easy, as you scale up, you will need to think more carefully about your strategy.

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4 of the Most Cost-Effective Ways to Scale Your Business

The Human Factor

Contributed post –. If you’re going to spend money on your business, make sure it makes a difference. The number one concept to remember when growing your business is that you need to analyze how much of a difference your capital is making. For instance, if you invest in a new employee , how much value do they actually provide your business? Are they going to make your business scale up thanks to their services, or are they just going to make things more expensive?

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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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4 Signs That Tell You You’re Ready To Start Your Own Business

The Human Factor

Contributed post – To some people, running their own business is a lifelong dream. It’s just one of those things you can’t explain. You know it’s something that you want to do, and always have, even though you don’t know what. It just feels right. So, when you get to the point that you feel like you can finally start, it can be scary. You might wonder whether you’ll be able to make it work, or whether you’ll fall at the first hurdle.

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3 HR Pitfalls You Need To Watch Out For

The Human Factor

Contributed post –. The HR department is the silent hero of business. They don’t always get the recognition they deserve and areas like marketing and sales are the ones that get a pat on the back when the company is doing well, but the HR department has such an important role to play. Without good employees that are happy and motivated, your business is nothing, and it’s primarily your HR department that makes sure that your employees have everything that they need to perform effectively.