Tue.Apr 12, 2022

article thumbnail

Innovation Practices Need a Compelling Purpose

Innovation Excellence

BMNT Editor’s note: This is the second in a weekly series that will explain the common beginner-steps needed to get an innovation practice off the ground or improve an existing innovation practice.

article thumbnail

A Lateral Music Album

Destination Innovation

Vulfpeck. Vulfpeck is an American funk band based in Ann Arbor, Michigan. It was founded in 2011 by Jack Stratton. The band wanted to organize a tour for their small but loyal fan base. The problem was that they had no money to fund the costs of the tour. The traditional approaches to this issue were to raise money by crowdfunding or selling tickets in advance or selling enough downloads.

Change 297
Insiders

Sign Up for our Newsletter

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

article thumbnail

First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

The early bird catches the worm … ? What makes more sense: To be the first player in a brand new market, able to be the first (or only) company which customers buy from? To wait until other companies have proven there is a market for a new offering, and then quickly develop and scale your own? In innovation circles, the first option is often called the “First-Mover”, whereas the second is called a “Fast Follower” The concept of a “First Mover advantage”

Strategy 257
article thumbnail

Space Symposium Reigns in a New Era of Ideas, Strategic Alliances and Opportunity

IdeaSpies

The latest annual Space Symposium was the biggest ever for the global space community, bringing together spacefaring nations, priv (Feed generated with FetchRSS )

148
148
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 importance of targeting nonconsumption

Christensen Institute

Targeting nonconsumption is at the core of developing market-creating innovations –innovations that transform complicated and expensive products into products that are simple and affordable, making them accessible to a whole new segment of people for whom there was always underlying demand, but no adequate solution on the market. But what truly is nonconsumption?

Marketing 111
article thumbnail

Strategies for Making Knowledge Management Part of the Innovation Process

Sopheon

New product development isn’t just forward-looking. It’s also important to utilize knowledge management from previous projects to make the best possible decisions. The post Strategies for Making Knowledge Management Part of the Innovation Process appeared first on Sopheon.

More Trending

article thumbnail

Seeing the Unseen!

Rmukesh Gupta

Earlier today, I read a post by Martha Bird (@anthro_tweeter). She is a business anthropologist at ADP focused on understanding the cultural contexts of work and workplaces. In the post, she talks about the importance of “Leading with Intention and Attention” You can read the entire post here on the MIT Sloan Management Review site. Personally, I believe that one of the key skills that differentiate good leaders from great is their abilities to spot things that are not spoken or show

Culture 59
article thumbnail

Rise in Perfectionism Will Damage Our Ability to Innovate

Michael Roberto

Source: Skill Collective London School of Economics Professor Thomas Curran and York St. John Univesrity Professor Andrew Hill have published an important new study about perfectionism. They find that perfectionism is on the rise among young people in the UK, USA, and Canada. They attribute some of this rise in perfectionims to "anxious, overly involved, and/or overly controlling forms of parenting.