Thu.Jul 20, 2017

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How to Foster Innovation in a Risk-Averse Environment

IdeaScale

Risk aversion can make innovation difficult. How do you get around your company’s aversion to risk? There’s only a limited appetite for risk in any company, of course, but where some will enthusiastically embrace it, others hate risk so much even the whiff of it drives them away. So, how do you drive innovation in a risk-averse environment?

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A Bad Spin on Customer Experience Strategy – Bait and Avoid

BrainZooming

Cyndi and I went out for dinner last night. We were originally heading to a favorite restaurant that has been doing heavy discounting lately. They sent us each a 20% off coupon during the day, grabbing our top-of-mind attention as the best choice. Right before we left, we suddenly changed plans. Cyndi wanted to go somewhere she could eat a salad, so we chose a locally-based chain pizza restaurant instead.

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Be Anticipatory and Go in the Opposite Direction!

Daniel Burrus

Everyone knows what a battery does. Just plug it in and it provides the power to make something go. Lately, some people have been taking batteries in an entirely fresh direction—one that expands our understanding of what batteries can do when they’re used in ways that go beyond conventional boundaries and applications. From an anticipatory point of view, the strategy is to go in the opposite direction if you want to see new, innovative applications and solutions.

System 67
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Business Model Canvas and Customer Discovery templates in Microsoft Visio

Innovation Architecture

In my work with clients I have found value in having the Business Model Canvas and the Customer Discovery Flow available in Microsoft Visio as a template. Alex Osterwalder developed the Business Model Canvas in his book, Business Model Generation. Steve Blank developed the Customer Discovery Flow in his book The Four Steps to the Epiphany. Together with Eric Ries' book, The Lean Startup , the three serve as the capstone for people who want to think through how best to pursue entrepreneurship.

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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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Getting Clear on Your Strategy

Innovation Excellence

“If I had the key members of your executive suite all in the same room, would they all be able to articulate the essence of your business strategy clearly and consistently?” I asked the executive vice president of strategy. “Probably not,” she replied. “But I do know we need a new one, because the current.

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Comment on So Many Websites Gone in the Past Decade by Stephen Shapiro

Stephen Shapiro

Thanks for your comment. Although it’s been a pain, it’s been fascinating to see which websites are gone. Some really shocked me! I do use WordPress. Do you mind sharing the plugin you use? Thanks!

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Importance of Silence and Reflection in the Life of an Entrepreneur

Rmukesh Gupta

Premise: We are living in a world where there are just too many demands on our attention as entrepreneurs. There is the internal chatter about our people, products, processes, etc. Then there is the external chatter of marketing, networking, selling and to top it all off, there is social media and NEWS (fake or otherwise). Add to this there is a huge movement about increasing productivity.

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Comment on So Many Websites Gone in the Past Decade by Henry Morgan

Stephen Shapiro

Ha.I just had to do the exact same thing after an agency flagged we had the issue.

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Avoiding Confirmation Bias

Michael Roberto

Earlier this year, Tom Stafford wrote a column for the BBC's website about how to combat confirmation bias. In other words, how do we avoid the problem of searching for and relying on data that confirm what we already believe (while dismissing or avoiding data that contradict our pre-existing beliefs)? Stafford recalls a famous set of experiments by Charles Lord, Lee Ross, and Mark Lepper.

Study 20
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Creative vs. Strategic Thinking: What’s The Difference?

Idea Drop

For most businesses, every day is an exercise in problem-solving. From managing your team, to running your office, to actually doing the work that’s paying your bills, even the most repetitive role is likely to involve some degree of decision making. After all – it’s what gets most of us out of bed. That’s because humans are natural innovators.

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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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3 Kinds of Complexities That Every Entrepreneur Should Be Ready For And How to Deal with them

Rmukesh Gupta

Premise: One of the things that is as predictable as the fact that Sun will rise tomorrow morning from the East and set in the West in the evening is the fact that once a business gains momentum, complexity will creep into the business, which will then slowly stifle the very growth that led to the complexity. So, what can we do about it: One of the things that entrepreneurs can do about complexity is to expect it and plan for it in advance.

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