Destination Innovation
MARCH 16, 2018
In 2010 the Gillette brand which is owned by Proctor and Gamble held 70% of the US market for razors. It boasted continuous innovation in product design and enjoyed a gross margin of around 60%. Its market share has now slid to around 50%. It has suffered at the hands of two aggressive start-up companies which went direct to consumer (DTC). They are Harry’s and Dollar Shave Club.
Exago
MARCH 16, 2018
With innovation management capturing rising interest from human resource managers and directors, Exago’s team took part in the Expo’RH2018 in Estoril, Portugal, to discuss the latest news and trends in the sector. The event organised by the International Faculty for Executives gathered hundreds of HR directors from leading companies such as Nestlé, Ageas, Pfizer, Renova and McDonald’s, under the motto “Experience is the way”, on March 14 and 15.
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Qmarkets
MARCH 16, 2018
With so much disruptive innovation happening so fast, it has become less and less rare for companies to be formed around a service or product that defines them for their lifetime. In almost every industry, the possibility of pivoting or even shifting the entire business model has become more real and mainstream. As increased consumer awareness transforms markets and government policy, and as technology creates so many unexpected shortcuts, I believe that this trend will only continue in the futu
IdeaSpies
MARCH 16, 2018
When social media was starting to become popular free publicity was freely available. Many online businesses spread awareness by growing followers, particularly on Facebook. More recently Facebook has been taking advantage of its market leading position by charging businesses to reach their followers. This has led to the need to find other ways of getting free publicity.
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.
Beyond the Obvious
MARCH 16, 2018
I’ve been able to succeed because I’ve generated a system that guides me past the obvious ideas and straight toward the killer idea. I also have the confidence to push for my ideas and make sure they get a chance to prove themselves. So, if you find yourself with a killer idea, but are lacking […].
IdeaSpies
MARCH 16, 2018
Freelancer's Liam Fitzpatrick explains how to get your startup in the media: You’ve got a great business, but no one knows about it. Time to get yourself noticed. And sites like Ideas Spies are always on the hunt for people doing new and interesting things. So how do you go about it? ‘Be interesting and interested’ A former boss of mine had a phrase for most scenarios.
Business Innovation Brief brings together the best content for business innovation and strategy professionals from the widest variety of industry thought leaders.
IdeaSpies
MARCH 16, 2018
Among the gadgets in the kitchen the knife appears as the most simple tool. It is not as flashy as the electronic machines that make kitchen tasks so much lighter. Yet it is unimaginable to have a kitchen without this unassuming knife. Actually, scientists consider this humble tool as the first machine of the mechanical evolution. Thanks to the creative capacity of our ancestors.
InnovationManagement
MARCH 16, 2018
Having the right people on your start-up’s team – especially in its early days – can mean the difference between unparalleled success and embarrassing failure.
IdeaSpies
MARCH 16, 2018
The purpose of IdeaSpies is to inspire action by sharing clever ideas and this story is a perfect example of how this can happen. Our son told me about rain gardens being installed by the City of Sydney Council. These self-watering gardens are often installed when new traffic public works improvements are made to the City’s streets. They are typically at street corners in the space where cars cannot park, and they replace what was once asphalt road pavement.
IdeaConnection
MARCH 16, 2018
One of the biggest pieces of open innovation news from this week was the announcement of the launch of the $10M ANA Avatar XPRIZE by XPRIZE and All Nippon Airways (ANA). It is a four-year global open innovation contest to develop real-life avatars. What is being sought is a multi-purpose avatar system that will allow us to see, hear, touch and interact with remote physical environments and people via an integrated robotic device.
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.
IdeaSpies
MARCH 16, 2018
Yes, innovation is extremely difficult. That's why I love it actually. My personal mission is to simplify innovation so you, your colleagues and/or clients will be able to master innovation yourself. "How can I become a successful innovator?" is the most asked question to me offstage, after a keynote on innovation. Most people are well aware that their organisations are not able to stand still in this fast paced business environment.
Innovation Leader
MARCH 16, 2018
In last week’s Q&A email, we asked about cross-functional teams that focus on the front end of the innovation process. Find out how members of the IL Community responded.
IdeaSpies
MARCH 16, 2018
In the late 1960’s, Gary Starkweather had a serious spat with his boss. As an engineer in Xerox’s long-range xerography unit, he saw that laser printing could be a huge business opportunity. His manager, however, was focused on improving the efficiency of the current product line, not looking to start another one. The argument got so heated that Starkweather’s job came to be in jeopardy.
Innovation Leader
MARCH 16, 2018
In our latest Master Class, “Innovation by the Numbers,” we explored the metrics and analytics behind innovation efforts with Innovation 360’s CEO Magnus Penker.
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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
IdeaSpies
MARCH 16, 2018
What does innovation mean to you? In the year that has been 2016 it seems like the word innovation has been on the tip of everyone’s tongues. From politicians, to startups and incumbent corporations it seems as though everyone wants to “innovate”. The fact that this has been pushed to the forefront of the national agenda is a massive step in the right direction.
Idea Champions
MARCH 16, 2018
Do you have what it takes to innovate? I'm not talking IQ, degree, or job title. I'm talking the curious confluence of behaviors that come with the territory of being someone who turns top of the line ideas into bottom line realities. 1. You come up with great ideas in the shower and car. 2. You like to stay up late. or get up early. or both. 3. You're comfortable with ambiguity and chaos. 4.
IdeaSpies
MARCH 16, 2018
While innovation is now very topical it doesn't appear to be a well understood term. Some people support innovation, others are frightened of it and many just don't care- they think it's someone else's responsibility. Innovation is interpreted differently in different situations hence some difficulties in communication between different groups such as academia and industry which could impede progress.
Michael Roberto
MARCH 16, 2018
Most of us probably believe that a link exists between a person's attendance record at work and his or her job satisfaction. The employees who show up every day must be more satisfied than those who opt to stay home a fair bit, right? Not so fast. Interestingly, the data do not support the beliefs most of us hold about absenteeism and job satisfaction.
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
IdeaSpies
MARCH 16, 2018
People often think that innovation is someone else’s responsibility. They don’t recognise that they can contribute to innovation by observing what’s going on around them. In our fast moving world, businesses need to be innovative to stay relevant to customers. This means having a culture that encourages innovation- looking at what customers need in the future to keep them happy, not just now.
IdeaSpies
MARCH 16, 2018
This report was published by the Australian Government, Senate Economic References Committee, December 2015. It’s an excellent study of Australia’s innovation system and useful reading for anyone interested in innovation. In the report innovation is described as “ideas applied successfully”. List of recommendations Recommendation 1 paragraph 2.22 The committee recommends that the Australian Government commits to maintaining stable, coherent and effective administrative arrangements for innovatio
IdeaSpies
MARCH 16, 2018
Australia is ranked no. 1 on Creativity and no. 19 on Innovation worldwide. The Creativity score is based on the Global Creativity Index 2015, published by the World Economic Forum, which ranked Australia as the top country in the world. This result was based on 3 "T”s (technology, talent and tolerance) and connects well with the Australian Ideas Boom.
IdeaSpies
MARCH 16, 2018
Australians are generally not the best at self-promotion, likely due to Australia’s renowned tall poppy syndrome. Even business owners who understand the power of PR to build and grow their business tend to shy away from activating PR. With the rise of social media, free publicity has become much more possible to gain exposure quickly. A few years ago, as Facebook was on the rise, people gravitated toward the platform to spread the word about their business.
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IdeaSpies
MARCH 16, 2018
We’re living in a world of political correctness. We’re told that everyone is created equal and innovation articles tell us that everyone can innovate if only we develop the right habits. An industry has grown up to provide us with creativity training. I’ve done some of that and it was rather fun but we must face up to the stark truth. It does not and cannot work.
IdeaSpies
MARCH 16, 2018
PARRAMATTA Square and the cultural infrastructure currently underway will deliver a Smart City and core CBD to greater Sydney. Expansions at Westmead will create a world class health precinct, as well as opportunities for nearby hospitals to expand their services to an ageing population. Rail, light rail and road infrastructure, intermodal facilities at Moorebank, expansion of the higher education sector and new high school campuses, all point to new developments that will accommodate the rapid
IdeaSpies
MARCH 16, 2018
Innovation is for more than just start ups and tech businesses — it can be as simple as adding wheels to a suitcase. But the overuse of the word 'innovation' has some businesspeople scratching their head at what successful innovation really is. Antony Funnell searches for an answer. Mark Dodgson has spent a significant chunk of his career studying the concept of innovation.
IdeaSpies
MARCH 16, 2018
In the process of researching my book, Mapping Innovation, I talked to dozens of successful innovators, from world class scientists seeking to cure cancer and create new computing architectures, to senior executives at large corporations and entrepreneurs at startups. It was a pretty diverse group. One of the underlying premises of the book is that there is no one “true” path to innovation , so I expected to see a variety of approaches and that’s indeed what I found.
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“Reimagined: Building Products with Generative AI” is an extensive guide for integrating generative AI into product strategy and careers featuring over 150 real-world examples, 30 case studies, and 20+ frameworks, and endorsed by over 20 leading AI and product executives, inventors, entrepreneurs, and researchers.
IdeaSpies
MARCH 16, 2018
Much has been made about the difference between innovation and invention. One writer went as far as to argue that Steve Jobs development of the iPod wasn’t an innovation because it was dependent on so much that came before it. A real innovation, so the argument goes, must be truly transformational, like the IBM PC, which created an entire industry. The problem with these kind of word games is that they lead us to an infinite regress.
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