April, 2022

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The Ultimate Competitive Advantage: Investing in Your Employees

Business and Tech

As work evolves into hybrid and remote models, companies must also evolve their thinking on recruitment, retention, and growth. The way we work is changing. Employees overwhelmingly prefer hybrid models of work and enjoy more power in the job market than ever before. The companies that adapt to this new reality successfully will be the ones that take investing in their employees seriously.

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How can we Combat the Peter Principle?

Destination Innovation

Laurence Peter (1919-1990). The Peter Principle was expounded in the 1969 book of this name by Canadian educator, Laurence J. Peter. It states that people in a hierarchy tend to rise to their level of incompetence. They are promoted based on their success in previous jobs until they reach a level at which they are no longer competent. They then stay there.

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Podcast S7E156: Andy Binns – How corporations can beat startups at innovation

Idea to Value

In today’s episode of the Idea to Value Podcast , we speak with Andy Binns, Co-Founder of Change Logic and author of Corporate Explorer: How corporations can beat startups at the innovation game. Andy has worked as a strategic advisor to Leaders for decades, with experience at McKinsey, IBM and now Change Logic. We speak about the myth of only startups being able to innovate, and what it takes for large corporations to be able to execute disruptive innovations.

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Leveraging The Power Of Story

Digital Tonto

Stories have the power to unite us because their themes are universal. We can all relate to a hero, identify with their struggle and then revel in their triumph or, as is sometimes the case, learn a. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Learning 234
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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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Why Successful Innovation is a Marathon and Not a Sprint

IdeaScale

Highlights Despite seeming to appear out of nowhere, most great innovations are the culmination of years or even decades of work from multiple entities. Innovation strategy should be built around the idea of industry-changing innovation taking years and broken into smaller, more manageable goals. A well-designed innovation platform can help you maintain the momentum and [.

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Use “Calculated Optimism”? for More Strategic Decisions

Leapfrogging

Harvard Research Suggests Pessimism Is Bad for Business. Replace pessimism with “calculated optimism” for better decision-making. Research from Harvard University looked at whether people were afraid of various situations or objects, such as being stuck in enclosed places or coming face-to-face with snakes. These same individuals were asked to estimate the number of fatalities each year for 12 different types of events, such as strokes, cancer, and floods.

LEAN 130

More Trending

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A Lateral Music Album

Destination Innovation

Vulfpeck. Vulfpeck is an American funk band based in Ann Arbor, Michigan. It was founded in 2011 by Jack Stratton. The band wanted to organize a tour for their small but loyal fan base. The problem was that they had no money to fund the costs of the tour. The traditional approaches to this issue were to raise money by crowdfunding or selling tickets in advance or selling enough downloads.

Change 297
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Gemba Walks: The way to see what is actually happening in your business

Idea to Value

Do you know what is happening in your business? Not what is supposed to happen, but what is actually happening on the factory floor? For many managers and leaders, it may have been a while since they actually experienced what it is like where the action happens. Where the products they sell are manufactured, or where the services you offer are carried out.

LEAN 321
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We Need To Shift Our Mindsets To Compete In An Ecosystem-Driven World

Digital Tonto

Traditionally, strategy has been seen as a game of chess. Wise leaders survey the board of play, plan their moves carefully and execute flawlessly. That’s always been a fantasy, but it was close. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Survey 222
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Why Successful Innovation is a Marathon and Not a Sprint

IdeaScale

Highlights Despite seeming to appear out of nowhere, most great innovations are the culmination of years or even decades of work from multiple entities. Innovation strategy should be built around the idea of industry-changing innovation taking years broken into smaller, more manageable goals. A well-designed innovation platform can help you maintain the momentum and energy [.].

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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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5 Innovation Lessons from the Backstory of OpenTable.com

Leapfrogging

In 1998, Chuck Templeton started a company called EasyEats.com. I went to high school with Chuck. We discussed the business plan which included providing recipes, food critic review, and much more. He eventually honed the scope and changed the name to OpenTable. As you probably know, the company would become an icon for what it meant to create a two-sided marketplace business model.

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Transforming What? Delivering Future Impact

Paul Hobcraft

Delivering Future Impact on Performance. As demand is more volatile today what becomes more important is the work to be done , not the work done. Surprisingly Adam Smith identified this important difference back in 1776. This can be explained as the work done is the accumulated knowledge, which has built up and been embodied in the firm’s results with the innovations achieved in the past and is seen as the tangible capital.

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A Lateral Puzzle that Will Have You Stumped

Destination Innovation

You are shown into a darkened room and seated in front of a table. You are told that there are 32 coins on the table, 12 are heads up and 20 are tails up. You cannot see anything in the dark. You can touch the coins but you cannot tell which show heads and which show tails. How can you divide the coins into two piles each of which will have an equal number of heads up?

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Podcast S7E157: Paul Ruppert – How the 1990s telecomms industry drove innovation

Idea to Value

In today’s episode of the Idea to Value podcast , we speak with Paul Ruppert. Paul is a veteran of the Telecommunications industry, and his companies have helped bring breakthrough technologies like worldwide mobile calling and SMS to the masses. In this interview, we speak about what it takes for companies to innovate in new markets, the challenges with new technology and whether you are better off being a first mover or fast follower.

Industry 261
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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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It’s Time To Rethink The Change Gospel

Digital Tonto

In a nutshell, we are talking about change more, but doing it less. That’s a problem. Managers who want to be seen as change leaders launch too many initiatives. Employees, for their part, get jaded. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Change 220
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How the GSA’s 10X Program Advances Government Innovation

IdeaScale

Highlights: The General Services Administration (GSA) founded the 10X program in 2017 to internally crowdsource ideas and new approaches. The GSA’s 10X program has been successful due to transparency, accepting failure as part of the process, and a willingness to discuss why ideas didn’t work. Providing the government with what it needs is an enormous [.].

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Use Leading and Lagging Indicators to Drive Your Business Forward

Leapfrogging

You get what you measure, so make sure you’re tracking the right things. I’ve seen a lot of organizations create strategies, programs, and projects focused on optimizing operations, streamlining processes, and driving innovation. Leadership teams put lots of energy coming up with the next big thing. But amazingly few teams think about how they’ll measure results.

Strategy 130
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Sustainability will increasingly come through innovation ecosystem designs

Paul Hobcraft

Making Sustainability central to our future innovation capability building will be through the adoption of taking on a new open ecosystem approach. Broader collaborations will become central for future organizations to find ways to cooperate, network and build relationships, that recognize the partnership value, to achieve a sustainable, future business that offers impact and connected design for customers to value, that meets their changing needs.

Design 130
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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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Space Symposium Reigns in a New Era of Ideas, Strategic Alliances and Opportunity

IdeaSpies

The latest annual Space Symposium was the biggest ever for the global space community, bringing together spacefaring nations, priv (Feed generated with FetchRSS )

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Highly creative brains may have more “random” connections

Idea to Value

I have long talked about how the human brain aims to be as efficient as possible. One of the ways it achieves this is by linking together networks that often work together and strengthening the connections between those neurons , as well as making those networks faster at working together. However, a new series of brain imaging studies by UCLA researchers has found that the brains of highly creative Big-C people may be wired differently.

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Leading Through Uncertainty

Digital Tonto

It is through managing complexity, not avoiding it, that we can most effectively impact the world. The truth is that uncertainty is only a problem if you try to control it. The framers of the US. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Carbon Neutral Since 2020: Celebrating Earth Day and Our Commitment to Sustainability

IdeaScale

IdeaScale is more than software. We believe innovation means working together to create positive change in the world. And while our tech does this, we also put these values into practice in how we conduct business. In 2020, IdeaScale became the first carbon-neutral innovation management solution by reducing our carbon footprint and giving back to [.].

Software 130
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Implementing Intelligent Document Processing Solutions: Why It Works

See how companies like yours are tackling some of today’s most common business problems using AI-assisted automation for document processing. Manually capturing, extracting, and processing data within documents is a costly and outdated practice that’s holding your company back. IDP takes document processing to a whole new level so you can understand and use your data more effectively than ever before.

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How to Create a Competitive Advantage Through Innovation

InnovationManagement

In the modern world of business, innovation is both an equalizer and a differentiator. It can give tiny startups an edge over global conglomerates and enable industry leaders to develop competitive advantages. The post How to Create a Competitive Advantage Through Innovation appeared first on InnovationManagement.

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Why World Water Day should focus on more than just water

Christensen Institute

Every year since 1993, on March 22 the United Nations has observed World Water Day. The day “celebrates water and raises awareness of the 2 billion people currently living without access to safe water.”. This year was no different. Stakeholders wrote articles, held events, and gave speeches about the importance of water and its lack of access for many in our world.

Project 126
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Design Thinking the People-centric Modern Organization

Tullio Siragusa

Design Thinking the People-centric Modern Organization. Designed thinking can be leveraged to create better and more empathy-based organizations. . Empathy, along with self-awareness are the most important cornerstones of emotional intelligence, and foundational to design thinking. . Through empathy, we can design products, and services for people. Ultimately creating systems that are user-centric and humane.

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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

The early bird catches the worm … ? What makes more sense: To be the first player in a brand new market, able to be the first (or only) company which customers buy from? To wait until other companies have proven there is a market for a new offering, and then quickly develop and scale your own? In innovation circles, the first option is often called the “First-Mover”, whereas the second is called a “Fast Follower” The concept of a “First Mover advantage”

Strategy 257
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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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THE EXQUISITE CORPSE

Michael Michalko

It is not possible to think unpredictably by looking harder and longer in the same direction. When your attention is focused on a subject, only a few patterns dominate your thinking. These patterns produce predictable ideas no matter how hard you try. In fact, the harder you try, the stronger the same patterns become. If, however, you change your focus and combine your subject with something that is not related, different, unusual patterns are activated.

Handbook 111
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Vancouver Coastal Health Case Study: Generating Ideas to Create Sustainability in Healthcare

IdeaScale

Creating a sustainable workplace has become a pressing concern for private and public entities alike. Reducing waste and carbon emissions demands new approaches, ideas, and strategies to develop momentum around sustainability, and a custom sustainability plan to fit each organization’s needs. Many workplaces have turned to idea sharing initiatives and brainstorming to craft business-specific approaches [.].

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How to Improve Return on Investment With a New Project Management Approach

InnovationManagement

Too often, leaders label projects as successes or failures based on budget and schedule expectations. Although time and cost are critical factors, they ignore whether the project delivered the expected benefits. The post How to Improve Return on Investment With a New Project Management Approach appeared first on InnovationManagement.

Project 111
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Dispelling 3 common misconceptions to spur school progress

Christensen Institute

School leaders need accurate notions of how the world works if they want their school improvement efforts to succeed. Yet, many bold and promising ideas to transform schools falter when leaders rely on conventional wisdom about how to make these initiatives flourish. A few years ago, my colleagues and I released a research paper that unveiled common misconceptions about change management in schools.

Strategy 111
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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.