Wed.May 13, 2020

article thumbnail

Five Ways Government Supports and Fosters Innovation in the Private Sector

IdeaScale

Government has been a source of innovation for decades. However, that role can be obscured in the discussion of the private sector. Any innovation strategy should be built on an understanding of how government supports it, in a few key ways. Regulatory Frameworks Some have a kneejerk approach to regulations, and it’s easy to forget … Continued.

article thumbnail

Let Culture Drive Online Innovation Teams

InnovationManagement

Online innovation teams need to be especially mindful of cultural sensitivities among members and adapt accordingly. Evidence suggests that cultural diversity is a major asset for innovation teams. Under remote operating environments, cultural awareness and sensitivity is of heightened significance, and appropriate practices need to be deployed. The post Let Culture Drive Online Innovation Teams appeared first on InnovationManagement.

Culture 140
Insiders

Sign Up for our Newsletter

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

article thumbnail

Data Storytelling: What It Is And Why Data Leaders Should Adopt It

Acuvate

Data Storytelling: What It Is And Why Data Leaders Should Adopt It Traditionally data scientists have used visually-appealing dashboards and visualizations to communicate their findings to business executives. But today many have realized that it is only by wrapping these visual artifacts into a powerful data story and narrative that they can influence business stakeholders […].

Data 114
article thumbnail

How To Align Innovation Projects With Corporate Strategy

Strategyzer Innovation

From our experience, nowadays most companies perform some sort of innovation activities. Unfortunately, we only rarely see a clear alignment between strategy and innovation. This results in innovation projects that inevitably fail to gain traction and support from leaders within the business. Steve Blank, founder of the Lean Startup movement, calls this “innovation theatre”.

Project 109
article thumbnail

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.

article thumbnail

The World has Changed: Is Your Organization Ready?

InnovationManagement

The COVID-19 epidemic has had a tremendous effect on many aspects of our lives and resulted in a significant change in the workforce, and on the very way that individuals and organizations work. Suddenly, without warning, it seems that the entire business world shifted to Zoom and its competitors in a day, since it offered a concrete solution to the challenges raised by the current crisis.

Change 96
article thumbnail

11 Rapid Continuous Improvement Tools and Techniques Explained

Kainexus

Leaders who want to develop a culture of rapid continuous improvement have many tools at their disposal. So many, in fact, that it can be difficult to keep them all in mind when deciding how to execute an opportunity for improvement or to address a difficult challenge. Or course, most organizations don’t use all of them at any one time, but each can be remarkably effective when applied to the right situation.

Tools 68

More Trending

article thumbnail

Reimagining the IT & ITES Industry

Rmukesh Gupta

Premise: As the current crisis unfolds, almost all the countries that have been severely affected would see their governments announce multi-billion relief packages. However, most of these would be for the SME or the MSME sector. Some of the large conglomerates and business houses might still struggle in the short term with cash flow issues, continuing supply chain disruptions, reduced demand for their products, a stagnating top-line and a falling bottom-line.

article thumbnail

How To Lead Through Crisis

Innovation Excellence

There’s a passage in Ernest Hemingway’s 1925 novel, The Sun Also Rises , in which a character is asked how he went bankrupt. “Two ways,” he answers. “Gradually, then suddenly.” The quote has since become emblematic of how a crisis takes shape. First with small signs you hardly notice and then with shocking impact. That’s certainly how it felt to me in November, 2008, when I was leading a media company in Kyiv.

article thumbnail

COVID-19: Your innovation strategy’s been updated. Now what?

Commodore Innovation

Many organizations’ responses to the COVID-19 crisis have already switched from the tactical to the strategic. Your organization has likely updated its innovation strategy (or at least started to). That’s an essential first step. But the changes to your innovation strategy have probably been significant—that means you’ll need to invest significant effort in implementing those changes.

article thumbnail

“Idea”? is not a four letter word

Innovation Excellence

Here are some reasons why your innovation initiative will fail. When they do, and, according to some estimates they will 90% of the time, you should learn from your mistakes and move on. It would also help to have an innovation morbidity and mortality conference so others can learn from your mistakes. One reason your new product or process development might fail is what you call it.

article thumbnail

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.

article thumbnail

The book is out

7innovation

My book “Developing Innovation – Innovation Management in IT Companies” is now available. It can be ordered from publisher’s site (De Gruyter) or from Amazon. AVAILABLE ON PUBLISHER’S SITE AVAILABLE ON AMAZON.

article thumbnail

Gamification: An Ideal Methodology for Dealing with Big HR Challenges

Innovation Excellence

There has been a great deal of talk lately about a trend that has been consolidating itself for some time in the USA: gamification. It involves generating games and entertainment out of processes and methodologies that weren’t originally that way. That is why they’re called serious games. In 2018, the gamification market generated 6.8 billion dollars, an amount expected to multiply by six over the next five years. 70% of the companies on the Forbes Global 2000 list are already using gamification

article thumbnail

Should/Could Assessment – A Tool for Innovation Portfolio Management

The Inovo Group

Experienced innovation practitioners know that some of the most valuable tools are ones that help decide which opportunities to spend more resources on – money, time, and attention. One of the most helpful tools in the toolkit is the Should/Could Assessment. The Should/Could tool is used to compare a set of opportunities by both their inherent potential and the company’s capabilities to deliver on that potential.

Tools 52
article thumbnail

How Transformational Leaders Learn To Overcome Failure

Innovation Excellence

When we think of great leaders their great successes usually come to mind. We picture Washington crossing the Delaware or Gandhi leading massive throngs or Steve Jobs standing triumphantly on stage. It is moments of triumph such as these that make indelible marks on history’s consciousness. While researching my book, Cascades , however, what struck me most is how often successful change movements began with failure.

article thumbnail

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.

article thumbnail

COVID-19: Your innovation strategy’s been updated. Now what?

Commodore Innovation

Many organizations’ responses to the COVID-19 crisis have already switched from the tactical to the strategic. Your organization has likely updated its innovation strategy (or at least started to). That’s an essential first step. But the changes to your innovation … The post COVID-19: Your innovation strategy’s been updated. Now what? appeared first on Commodore Innovation.

article thumbnail

Why Software Won’t Eat The World

Innovation Excellence

In 2011, technology pioneer Marc Andreessen declared that software is eating the world. “With lower start-up costs and a vastly expanded market for online services,” he wrote, “the result is a global economy that for the first time will be fully digitally wired — the dream of every cyber-visionary of the early 1990s, finally delivered, a full generation later.

article thumbnail

Why Your Company Probably Runs Like C.RA.P.

Collectivecamp

The eight hour workday is just one of the hallmarks of the industrial revolution that still characterises the modern company.

Company 52
article thumbnail

The Incredible Brightness of Leading

Innovation Excellence

Covid-19, a microscopic piece of genetic material, is testing our leadership. Competence matters. In the midst of our crisis today we turn to the leadership of experts – epidemiologists, researchers, pharmacologists, doctors, health professionals, food producers, food distributors, refuse collectors, public utilities. We turn to political leaders, company leaders, community leaders, volunteers, family and so many more.

article thumbnail

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

article thumbnail

GREAT QUOTES ON EXCELLENCE

Idea Champions

The word "excellence" means different things to different people. Your definition may be different than mine. or your best friend's. or your customers. or the CEO of the company you work for -- assuming, of course, you are not a freelancer, self-employed, or unemployed. Ultimately, YOU are the one to decide what excellence really means. why it matters. and how to get there.

Course 38
article thumbnail

PLM Re-Birth at McDonald’s: How to Maximize Value in a Decentralized Organization

Innovation Excellence

[note these videos are from 2015]. McDonald’s, the world’s largest fast food restaurant chain, began its product lifecycle management (PLM) journey in 2005. Although their initial implementation was considered a success – they successfully installed a leading PLM software technology and deployed it on a global scale – an assessment a few years later uncovered that the organization had implemented the solution in a decentralized fashion and they weren’t getting the expected business benefits.

Video 52
article thumbnail

Designing the New Customer Experience

Michael Roberto

[link] In the weeks and months ahead, consumers will engage in a very different shopping experience. That "new normal" is likely to persist for quite some time. As we have seen in grocery stores during quarantine, that experience will include social distancing, required masks, strict queueing procedures, contactless payment, limits on the number of people in the store at any given time, one-way aisle traffic, and a variety of other measures designed to protect our health and safety.

Design 37
article thumbnail

How to experiment with Eventbrite

Innovation Excellence

If you run an organization that holds regularly scheduled meetings and networking events, there are many online invitation services that automate the process of creating, distributing and collecting fees, if applicable, to attend. Meetup, Eventbrite and Mailchimp are but a few. Our organization, The Society of Physician Entrepreneurs (SoPE), a global non-profit with a mission to help members get their ideas to patients, has a network of international chapters that meet on a regular basis that of

How To 40
article thumbnail

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

article thumbnail

Post-Pandemic Success Will Be Determined by What You Do Now

Daniel Burrus

Post-Pandemic Success Will Be Determined by What You Do Now , Not What You Do Post-Pandemic. No one ever thought that starting in this new decade, our booming economy and flourishing job market would be placed on “pause” due to a worldwide outbreak of a virus, yet here we are. . 2020 has been an interesting year to say the least, but there are obvious similarities between the COVID-19 pandemic and digital disruption.

article thumbnail

The First Thing a Savvy Team Leader Needs to Do

Innovation Excellence

If you lead a team of people, the first thing you need to do is let your team know the full scope of your roles and responsibilities. You may think your team understands what you do, but it’s highly likely they don’t — at least not at the level of specificity that a high performing team demands. And if the members of your team don’t understand what you DO and WHY you do it, chances are high that they will resist, rebel, or reject your efforts all along the way.

article thumbnail

#1,672 – Israel To The Rescue

Greatest. Idea. Ever.

One might expect lager economic superpowers like the United States and China to lead the world in innovation just based on sheer volume of manpower and breadth of financial resources. But in actuality innovation can come from anywhere. Case in point: humble Israel which has long maintained a reputation for being one of the more innovative countries out there in a variety of scientific fields ranging from Physics and Chemistry to Optics and Economics.

Study 69
article thumbnail

10 Best CRM For Your Business In 2020

Innovation Excellence

2019 has passed and I hope it has elevated your business in the way you had imagined in 2018. Now is the time for better goals and new achievements. I believe, in 2020, your top priority should be fixing business processes. If you have faced friction in major areas like sales or marketing, you must pick tools that can make tasks easier for your team.

Agile 52
article thumbnail

Implementing Intelligent Document Processing Solutions: Why It Works

See how companies like yours are tackling some of today’s most common business problems using AI-assisted automation for document processing. Manually capturing, extracting, and processing data within documents is a costly and outdated practice that’s holding your company back. IDP takes document processing to a whole new level so you can understand and use your data more effectively than ever before.

article thumbnail

What if Private Equity Ran Medical Schools?

Innovation Excellence

Dear Miss. Robertson, Thank you for responding to our solicitation for a new Dean of our medical school. We are intrigued by your past experience and background in private equity. As you are well aware, things are changing quickly in sick care and the medical education establishment has been slow to adapt. You’ve no doubt heard about large healthcare companies and hospital systems being purchased for staggering sums by private equity firms.