Mon.Jul 08, 2019

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Cognitive Bias is an Innovation Killer

Innovation Excellence

I recently wrote about Cognitive Diversity, and today I reflect on Cognitive Bias, the other side of the same coin. I think (subconsciously biased) therefore I am (subconsciously biased). Psychologists generally agree that 90% of our decision making is driven by the subconscious. In other words, only 10% of the time are we actively (consciously).

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The Three Roles You Need to Have on Your Innovation Team

InnovationManagement

No matter the decade in which you grew up, the future promised one thing: flying cars. And yet generation after generation has been disappointed as our technological progress that has given us everything from angry birds to nanotechnology, but… still no Bladerunner vehicles. The post The Three Roles You Need to Have on Your Innovation Team appeared first on Innovation Management.

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Creating Innovation Spaces

Innovation Excellence

If you’re in the innovation game you probably ought to meet Madame de Geoffrin. Anyone working at the fuzzy front end or trying to find ways to ‘get out of the box’ could probably benefit from a few minutes of her time. She has a wealth of experience around how to enable this sort of.

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Innovation-Led Transformation: delivering the next, now

Idea to Value

Everyone knows instinctively that innovation feels risky, especially compared to large, established transformation projects (like IT implementations or operational restructuring). Yet how risky is innovation actually? According to research by Deloitte’s Doblin practice, in the majority of companies, only one in 25 innovation projects actually provides a tangible return on investment.

Project 128
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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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The Impact of Self-Awareness on Achieving Goals

Tullio Siragusa

The Impact of Self-Awareness on Achieving Goals. Remember as a kid when you purchased a puzzle and started putting it together? Some had 100s of pieces, some as many as a thousand. The more majestic the picture, the more complex the puzzle. What came first, the puzzle or the picture? The picture of course. The fun was putting the fragmented picture together so as to recreate it.

Course 90
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Innovation Labs Should Not Be A Home For Homeless Ideas

Strategyzer Innovation

In a bid to avoid the stifling bureaucracy within their company, intrapreneurs often create innovation labs that are separate units from the main organization. Not only do they seek to be physically separate but they also actively avoid aligning the work they do in the lab with the strategic goals of their company. While this may provide an initial, positive feeling of freedom to be creative, it is not a good long term strategy for sustaining innovation.

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Innovation Labs Should Not Be A Home For Homeless Ideas

Strategyzer Innovation

In a bid to avoid the stifling bureaucracy within their company, intrapreneurs often create innovation labs that are separate units from the main organization. Not only do they seek to be physically separate but they also actively avoid aligning the work they do in the lab with the strategic goals of their company. While this may provide an initial, positive feeling of freedom to be creative, it is not a good long term strategy for sustaining innovation.

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The Impact of Self-Awareness on Achieving Goals

Tullio Siragusa

The Impact of Self-Awareness on Achieving Goals. Remember as a kid when you purchased a puzzle and started putting it together? Some had 100s of pieces, some as many as a thousand. The more majestic the picture, the more complex the puzzle. What came first, the puzzle or the picture? The picture of course. The fun was putting the fragmented picture together so as to recreate it.

Course 48
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Innovation spotlight: Is ServiceNow 2018’s most innovative company?

Idea Drop

The world is full of innovation. From the pencil in your hand to the company you work for, everything has a story that can give you insight into history’s moments of invention. This is the message that we want to send you; innovation isn’t rare – it’s the very essence of our modern lives. Our […]. The post Innovation spotlight: Is ServiceNow 2018’s most innovative company?

Company 40
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Advice on Ecosystem Development & Co-Creation

Innovation Leader

Andy Michuda of Sopheon, Shannon Lucas of Ericsson, and Michael Britt of Southern company explore best practices for ecosystem development.

Company 40
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From Data to Decisions: Maximizing Retail Potential with 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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Is Your Law Firm Attracting the Right Clients?

The Human Factor

Contributed post –. Running a law firm is full of highs and lows on a daily basis. You have several clients to keep happy and you are always looking for ways to attract new people into your office. When it comes to marketing your law firm, you need to be able to speak honestly about the services you offer. This will not only help to bring in new faces, but it will also help your current clients to feel valued and safe with you.

System 28
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Hiring Etiquette for Employers

Michael Roberto

Source: needpix.com We've all heard the usual advice for job seekers as they prepare for interviews: prepare thoroughly, be punctual, ask good questions, follow up promptly with a thank you note, etc. How about for employers? Are there rules of etiquette that should apply to the interviewers and the firms that are hiring? Sue Shellenbarger examines this question in the Wall Street Journal this week.

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Stock Management – Considerations For You

The Human Factor

Contributed post –. When you are selling a physical product, there is nothing worse than running out – because you simply didn’t keep a better eye on it. What is worse than that? Running out, not having a shipment arranged, and not having knowledge of Magento out of stock products systems, or, of course, whatever system you are using. image source.

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Tiger and Federer, and the Case for Generalists

Michael Roberto

Source: Bleacher Report David Epstein has published a terrific new book titled, "Range: Why Generalists Triumph in a Specialized World." He makes the case for not specializing too early in life, but instead, taking advantage of a period of sampling and discovery. He makes a strong case for why generalists tend to innovate more effectively. In fact, he offers an interesting contrast in the book between Tiger Woods and Roger Federer.

Report 20
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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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Practical Ways To Improve Your Website’s Marketing Potential

The Human Factor

image source. Contributed post-. Other than yourself (and your marketing team if you are fortunate to have one) your website is your businesses greatest marketing tool. It gives you a digital presence ; a virtual window for potential customers to peer into and hopefully buy from you. Making every effort to improve your website’s marketing potential is a must, therefore.

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Telltale Signs Of Unhappy Customers

The Human Factor

image source. Contributed post –. An unhappy customer is one way to undo your hard work. All it takes is a series of unfortunate mistakes, and they will bounce to a competitor without a second glance. What’s worse is the fact that they won’t vocalize their feelings; they’ll hold it in and keep it a secret. Considering they’re four times more likely to switch allegiances when this happens, it’s vital that you can read them and understand when they’re unhappy.