August, 2020

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Why Consensus Kills Innovation

Digital Tonto

Big ideas are never easy. Almost by definition, they are unlikely, fraught with risk and often counterintuitive. They need champions to inspire and empower beliefs around them. That’s why leadership. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Why Innovation Requires a Different Set of Metrics

IdeaScale

Today’s business climate is uncertain. Disruption, exponential growth, and the technology landscape contribute to the need for constant innovation. Company leaders can no longer formulate a business model and rely on the five-year plan. Instead, organizations need change to thrive and grow. Factor innovation into the equation when figuring out how much value and benefits investments have … Continued.

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3 of the Best Uses for AI in Our New Normal

Entrepreneur - Innovation

Advances in artificial intelligence continue to provide entrepreneurs with exciting ways to improve their companies.

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We need to shift from scalable efficiency to scalable learning.

Paul Hobcraft

We need to shift from scalable efficiency to scalable learning but how can we liberate creative energy, how can we achieve higher engagement? The best way is to encourage everyone to have the ongoing experience, to get really involved and caught up in projects and initiatives that have the potential for impact. Learning from failures needs to be part of this.

Learning 363
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From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, 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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Podcast S4E75: Byron Lopez – How South Park produces a show in only a week

Idea to Value

In today’s episode of the Idea to Value podcast, we speak with Byron Lopez, who is a Technical Director on the award-winning animated TV show South Park. We speak about the unique creative process which enables South Park to be created from start to finish in less than a week, where other TV shows take months. Topics covered in today’s episode: 00:02:00 – Byron’s journey that brought him to South Park. 00:03:30 – What a Technical Director does. 00:05:00 – How

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How Liebherr Engages Its Customers with Crowdsourcing

HYPE Innovation

This blog post is part of a series on successfully managing open innovation programs. In this series, I talk with experienced innovation managers to understand how they've built an open innovation capability in their organizations and how they strive to make this capability increasingly stronger.

More Trending

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Exago and Número 7 launch N7 e-commerce for businesses to conquer their digital space

Exago

With COVID-19 massively accelerating digital transformation, Exago and Número 7 join efforts to launch the N7 e-commerce offer and help businesses find new routes and spaces to welcome customers online. The Número 7’s marketing DNA and Exago’s know-how in innovation will enable companies to speed up the shift to digital and reach new markets, by using VTEX, the fastest-growing e-commerce platform in the world.

Marketing 189
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We Need To Unlock The Power Of Cause And Effect

Digital Tonto

Our historic inability to encode a basic understanding of cause and effect relationships into our algorithms has been a serious impediment to making machines truly smart. Clearly, we need to do. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Do you recognize your innovators leaders position?

Paul Hobcraft

Often innovation succeeds or fails by the personal involvement and engagement of a ‘selected’ few. Recognizing the types of innovation leadership might help you manage the innovation work a little better. So can you recognize the traits of your innovation leader? Are they a front-end or back-end innovation leader? Here’s how you can begin to spot the difference.

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This small company achieved a 100-fold increase in production using Toyota methods

Idea to Value

This video is quite interesting, if you’re interested in how quickly a small company can innovate. It is about how a small raincoat production company was asked to produce COVID-19 protective gowns by the Japanese government, but was struggling to meet targets of 10,000 gowns a day. They were used to producing only about 500 units a day. That’s when some productivity engineers from Toyota saw an opportunity to help, by bring their expertise in kaizen and lean manufacturing, to sugges

Company 278
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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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And the Winner Is… Announcing 2020 Innovation Management Awards

IdeaScale

Since 2015, the Innovation Management Awards, presented by IdeaScale, have sought out the best innovation strategists, designers, and approaches. 2020’s field was a tough one to narrow down, as innovation management has spread from the smallest businesses to the biggest conglomerates. Nonetheless, we’ve picked the winners in three categories: Best Engagement Strategy, Best Innovation Process, … Continued.

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How to Protect Business with Stronger Customer Relationships. - ThriveableBiz | Innovation That Wins

Business Innovation Brief Submitted Articles

It doesn't matter which technological advancements are taking us into the future, our physical and mental survival still boils down to our humanity.

How To 130
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Innovation gaps between the real world and the virtual world in the time of quarantine

Board of Innovation

It’s been 6 months since the majority of the world came to a halt, shuttering businesses, and forcing many to move from the boardroom to the game room. But the tech world never slowed down. So why haven’t we seen any clear advancements to improve our “virtual” quality of life? The post Innovation gaps between the real world and the virtual world in the time of quarantine appeared first on Board of Innovation.

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How to Select the Next Best Test from the Experiment Library

Strategyzer Innovation

We are excited about the popularity of Testing Business Ideas. One of the main reasons we wrote the book was to get beyond just a list of experiments. Simply running a bunch of experiments to see what happens will create an illusion of progress. This can actually hinder your efforts in de-risking the business idea. Matching an experiment to the type of risk in your business strategy is still difficult for teams to grasp at the very beginning, but with some help, you can pick it up in no time.

How To 143
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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Those that learn to frame the Strategic Innovation discussion are the big winners

Paul Hobcraft

Constructing an innovation conversation framework is never easy, we all come at it in different ways and when it comes to those strategic conversations, we feel a sense of panic and growing tension as our messages begin to fray at the edges and slip more into tactical, the more we talk. If you just diving into innovations, this sort of strategic conversation can change the goalposts, alter the perspective, and can give the innovation a more focused framing to build propositions around.

Learning 246
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Podcast S4E74: Michael Raynor – Setting the right strategy for innovation and disruption

Idea to Value

In today’s episode of the Idea to Value Podcast, we speak with Michael Raynor, Managing Director for the Deloitte US Strategy group, and author of numerous groundbreaking books on innovation, including The Innovator’s Solution and the Strategy Paradox. We speak about the link between strategy and innovation, what companies get wrong about disruptive innovation and understanding where your company is in the market.

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Five Ways to Engage Customers in Your Innovation Process

IdeaScale

Customers are the key stakeholders in your innovation process. Yet involving them can often be the most challenging part of building a better approach to their needs. Here are five ways to get them involved. Set Goals Start with determining how much data you need from your customers before you use it in your strategy, … Continued. The post Five Ways to Engage Customers in Your Innovation Process appeared first on IdeaScale.

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Strategy In A Post-Digital World

Digital Tonto

The truth is that the future tends to surprise us and nobody can say for sure what the next few decades will look like. Strategy, therefore, can’t depend on prediction. However, what we can do is. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Strategy 170
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Reimagined: Building Products with Generative AI

“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.

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LG Unveils Puricare Air Purifier Face Mask

Entrepreneur - Innovation

The battery-powered mask uses two replaceable H13 HEPA filters, dual three-speed fans, and a patented Respiratory Sensor to ensure the air you breathe is virus-free.

Trends 134
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Taking The Guesswork Out of Innovation

Strategyzer Innovation

To manage an innovation portfolio and make the right investment decisions, you need metrics to measure progress of projects in your portfolio. But many organisations we work with fall into the trap of using execution metrics on innovation projects. We believe innovation needs its own metrics. In innovation, the main task is not to measure if you are on time and on budget, which are key metrics in an execution project.

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Forget Best Practice, Think Always Of Learning Next Practice

Paul Hobcraft

Often you hear the request made: “Can you give us a best practice snapshot; we would like to get a sense of where we are”. The trouble with best practice is you are looking at someone else’s practices and these are highly individual, made up of different groups of methodologies, processes, rules, theories, values, and concepts. These together have provided that specific company a level of success that others – mostly competitors – begin to notice.

Learning 162
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Podcast S4E73: Robert Lowe – How LEGO invests in new innovations and partnerships

Idea to Value

?. In today’s episode of the Idea to Value podcast, we speak with Rob Lowe, head of Value Creation and Marketing at LEGO Ventures. We speak about what innovation and creativity mean at Lego, and how they look for partners to invest in. Topics covered in today’s episode: 00:01:00 – What is LEGO Ventures and its purpose: Play can be a great basis of learning. 00:03:20 – How creativity and innovation is a part of the culture at LEGO. 00:05:00 – What makes an investment

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Socially Responsible Innovation Part One: For-Profit Companies

IdeaScale

Corporations have struggled with the balance between profit and the greater good since the beginning of capitalism. Some argue that corporations have no obligation to anyone other than their shareholders, while others argue that social impacts can limit the long-term viability of the corporation, making social responsibility a core tenant of corporate responsibility.

Company 147
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Happy 11th Birthday Digital Tonto!

Digital Tonto

Thanks for all of the support over the past 11 years. Here are some of my favorite posts over the last year or so. Related posts: Happy 2nd Birthday Digital Tonto! Happy 8th Birthday Digital. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Examples to create value in the circular economy (Cases)

Board of Innovation

Have a look at different ways to create value in the circular economy. The examples shown are based on our own client cases. The post Examples to create value in the circular economy (Cases) appeared first on Board of Innovation.

Examples 124
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Using Innovation to Improve Your McKinsey Organizational Health Index Score

InnovationManagement

2020 proved just how important our relationships to banks and credit unions are as they worked to rapidly respond to the changing financial needs of their customers. The post Using Innovation to Improve Your McKinsey Organizational Health Index Score appeared first on InnovationManagement.

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How to Achieve Product-Market Fit

Speaker: Dan Olsen - Product Management Trainer and Consultant, Author, and Speaker

Everyone working on a product is trying to achieve the same goal: product-market fit. But most products fail to do so. In this webinar, product management expert Dan Olsen will share his simple but effective framework for achieving product-market fit from his book The Lean Product Playbook. He will explain his Product-Market Fit Pyramid and The Lean Product Process, a 6-step methodology that guides you through how to: Determine your target customer Identify underserved customer needs Define your

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5 Customer or User Journey Mapping Templates from Miro

InnovationTraining.org

These templates can help you better understand the customer or user experience. One of our favorite design thinking and innovation software tools , Miro, offers templates and resources for innovators looking to better explore and understand user experience and the customer journey. Customer journey mapping is an effective way to collaborate with team members while building out a realistic representation of the different steps or stages users go through before choosing your product or service.

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Podcast S4E72: Mark Batey – How our environment affects our creativity

Idea to Value

In today’s episode of the Idea to Value Podcast, we speak again with creativity researcher Professor Mark Batey from the Manchester Metropolitan University. We speak about some of his most recent research into how our environment affects our performance and creativity, and people who use their creativity for evil purposes. Mark is widely published on the subject of creativity and is the Associate Editor of the International Journal of Creativity and Problem Solving and an editorial board m

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Creative Networks Inspire Innovation in the Royal Australian Navy

IdeaScale

The Royal Australian Navy is one of the largest and most sophisticated naval forces in the Pacific region. Consisting of nearly 50 commissioned vessels and more than 16,000 personnel, their presence is significant worldwide. In the most recent episode of the IdeaScale Nation podcast, Lt. Commander Stephen Delo discusses his role as the Innovation Engagements Manager … Continued.

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Failing Is Learning; Fail Fast to Learn Faster

Daniel Burrus

It was Thomas Edison, inventor of the lightbulb and other mainstays of the modern world, who said, “I haven’t failed, I’ve just found ten thousand ways that don’t work.”. This concept is lost on many in the information age, unfortunately. Because of the immediacy with which we receive both positive and negative feedback from our peers now, when we innovate and put something into the world and promptly receive less than desirable results, or it doesn’t work the way we wanted it to, we are more ea

Learning 119
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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib