Fri.Dec 14, 2018

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The Six Million Dollar innovation fallacy

Jeffrey Phillips

A few days ago I wrote a blog post about the relevance of the Six Million Dollar man to innovation , noting that the show was based around rebuilding Steve Austin, making him better, stronger and faster. Many corporate innovation organizations need the Six Million Dollar man treatment. Every firm needs to be innovating more effectively, faster, with better outcomes and increasingly with more partners.

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Is Lean Management doomed in the age of Innovation?

Exago

It has been 30 years since the term Lean Management – a long-term approach that seeks to achieve incremental process changes to improve efficiency and quality – was first coined. Some say that Lean Management has now become obsolete; others talk about a ‘post-Lean’ world and say it is fated to die. Yet in other circles, Lean Management still seems to be alive and well, with its potential to be fully revealed.

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Interview #1: Creativity and The Art of REframing (Vlad Dumitrescu-Petric?)

Innovation Walk

Vlad Dumitrescu-Petric?, REframe co-founder and trainer Back in November 2018, Innovation Walk had the pleasure to interview Vlad Dumitrescu-Petric? , co-founder of REframe. Originally from Bucharest (Romania), Vlad teaches this creative thinking concept inspired by personal development, psychology, and renowned creative minds. Check out our conversation to discover more about the REframe workshop and Vlad’s perspective on creativity and innovation. 1. “Creativity” is a word w

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Idea capture tools encourage useful ideas from staff

IdeaSpies

A software tool/digital platform that’s easy to use would make it easier for your staff to contribute ideas. A recent Employee Innovation Survey asked employees what would make it easier for them to contribute ideas. The top response was 45% wanting a software tool/digital platform that’s easy to use, with lower management particularly in favour at 59% as well as organisations with 5,000 plus employees at 64%.

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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.

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Design Makes a Difference: Nike and Doernbecher Collaborate to Help Kids

Innovation Excellence

It all started with my bar mitzvah. Part of becoming a Jewish adult is through acts of service for others, so I was searching for a charity where I could participate in something that was meaningful and donate some of my gift money to help an important cause. I had searched for an event or.

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Idea Prioritization – How to Succeed?

Viima

When executing ideas, people often need to decide between doing more and doing things well. Because doing things well takes time, and resources are rarely infinite, not all ideas can be executed at once.

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Creating a Customer Behavior Data Research Strategy

Peer Insight

Sometimes our clients are used to making decisions based on large quantitative studies and wonder how we can possibly gain the confidence we need to make decisions in the early stages of a new venture without statistical significance. Instead of focusing on surveys that give us quantitative data (which we agree has a time and place), we focus on evolving our research design from measuring what people say to measuring what they actually do.

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How Crowdsourcing is Changing Every Facet of Society

Innocentive

With a population of over 7.5 billion, there is no force on this planet more powerful than the human race. When enough people ban together, anything can happen; there is no problem that cannot be solved, and no task that cannot be accomplished.

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Top Retail Industry Trends to Watch For in 2019

Acuvate

Consumer demands and expectations have long dictated the changes that come to the retail landscape. To stay afloat and meet their increasing needs, the retail industry is constantly evolving and facing both new challenges as well as opportunities spurred by the emergence of new technologies. Today, customers value service and customization more than ever.

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The Data-Driven Leader: Why You Should Always Ask for the Data When Making Decisions

BPI Thought Leadership Commentary

How do you usually make decisions? Are you a shoot-from-the-hip kind of leader, who thinks best on their feet and tends to know the right decision to take intuitively? Alternatively, perhaps you’re someone who likes to consult with a team, develop a consensus, and move forward when everyone agrees. A third possibility is that you like to consider all the options in a meditative fashion, o.

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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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What Software Do You Use for Managing Ideas?

Innovation Leader

One member of the Innovation Leader community asked: “What software do you use for managing ideas — specifically, dealing with an idea backlog?

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2 Key Ways To Commit To Quality In Your Company

The Human Factor

Contributed post –. Do you want to see plenty of sales and a lot of interest from customers with your company ? If so, then there’s only one lesson you need to learn. You have to commit to quality. You have probably heard of businesses that have failed with quality levels and still succeeded on the market. While this can happen, it’s actually remarkably rare.

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Falling in Love with Rosy Scenarios

Michael Roberto

Source: Flickr Optimism can be a powerful force in an organization. Certainly, leaders need to be optimistic if they wish for the firm to accomplish ambitious goals and objectives. We won't get anywhere if people are always saying, "We can't do that. It's not realistic. That won't work here." Having said that, leaders sometimes fall in love with rosy scenarios.

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The Money Mindset: Where Can Your Business Start Saving Money?

The Human Factor

Contributed post –. Everything you do in business can be related back to money. In truth, appreciating this fact is one of the most significant steps of acquiring the entrepreneurial mindset. So, if your venture is guilty of overspending or wasting funds, rectifying these issues should be a priority. Wasting money will prevent you from unlocking the full potential of the business, which is why you must fix this ASAP.

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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.

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How Customer Experience Affects a Company’s Revenue

InnovationManagement

Customer experience is perhaps the single most valuable and emphasized component of business operations. Both B2B and B2C companies greatly value the concept of creating exceptional customer experience as the bottom line of achieving revenue growth.

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