August, 2022

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Trust the Customers, Not the Experts

Destination Innovation

Rob Law and Trunki. Rob Law studied Product Design at Northumbria University. One of his course assignments in 1997 was to come up with a new design for luggage. He did some research by going to a local department store. He wandered around the suitcase section and found no inspiration but when he went into the toy department, he had a brainwave. Why not make a piece of luggage which was also a ride-on toy for children?

Design 316
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Gaining energy and idea generation

Paul Hobcraft

Gaining energy and idea generation. I have been asking myself how a combined effect of innovation and ecosystem design thinking will support the energy transition we are undertaking to give it additional traction and generation. Let me share my thoughts and proposition here. The vital “infusion” of innovation in thinking, approaching and building this into the front end of any energy transition provides a greater discovery structure and process that can greatly facilitate the changes, with more

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Why expertise is a seductive trap for innovation

Jeffrey Phillips

I've been thinking for years that we have innovation all wrong. We treat innovation as it if requires years of experience, deep knowledge of an industry or a technology, or mastery of a specific subject. I think far too often we fall into the fallacy of expertise, and look for great ideas from people who are deeply experienced in one technology or field.

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Why The CHIPS Bill May Be A Turning Point For Innovation In America

Digital Tonto

Vannevar Bush’s vision during World War II helped the United States become a leader in science and technology. The Cold War helped further that notion that government should invest in science as a public good for private benefit. So, in a sense, maybe it shouldn’t be surprising that when we became a lone superpower, we got thrown off our game. Yet a rising China and, to a certain extent, the role of science in developing vaccines to help end the pandemic, have served as a new organizing principl

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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 fear of business contagion requires different innovation response

Paul Hobcraft

Business contagion requires different innovative responses. We are presently facing a profound set of changes in the conditions that businesses operate within in the immediate years ahead, that of the fear of business contagion; these will need a different set of innovation shifts and responses to counter this and seize new opportunities. Over two posts, I want to lay out the underlying concerns (here) and the new dynamics we can deploy by changing how we undertake innovation as my second post.

Agile 219
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Speed may feel like progress, but Velocity gets you to your target

Idea to Value

Too many startups and scale ups today think that the way to success is by being fast. Especially, by growing fast. Speed is king. You need to be the first to market , even if you do not know what your business model is yet. “Move fast and break things” But if you look at making innovation and growth like a scientist would , there is a way of building a business which is much more effective than just speed.

Strategy 261

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6 Simple Growth Hacks for Startups

Leapfrogging

Building a new business is tough. These strategies will help your startup succeed without a big investment. As many of my readers know, I usually write about strategy , innovation , and leadership. But recently I’ve been asked a lot about how I helped establish Praxie.com as a destination website for hundreds of best practice digital tools and templates using growth hacking strategies.

Video 130
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Creating the conditions for disruptive innovation

Jeffrey Phillips

In what is probably one of the most revered books among innovators, Edward De Bono wrote about six "thinking" hats. The point of his book is to recognize and acknowledge that many people, either intentionally or often unintentionally, play roles or "wear hats" that represent a specific point of view. De Bono identified six perspectives or "hats" that people wear.

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We All Need To Learn The Change Lifecycle

Digital Tonto

When a transformational initiative fails, it's often said that it was because people don’t like change. That’s not really true. Everywhere I go in the world, no matter what type of group I’m speaking to, people are enthusiastic about some kind of change. It’s other people’s ideas for change that they aren’t so crazy about. Senior leaders love to tell me about their inspired visions for their enterprise, but complain that they can’t get the rank-and-file to go along.

Change 197
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How to Give Bad News

Destination Innovation

Image by Gerd Altmann from Pixabay. Every organisation faces crises. Sometimes these can be existential and only drastic action can deliver survival. Sooner or later every senior manager has to give bad news to their team. It could be the cancellation of a project, the closure of a plant or a round of redundancies. You will have carefully considered all options, discussed them with the executive team and arrived at a plan of action.

How To 208
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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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Dunbar’s number

Idea to Value

How many people can you meet in your lifetime, and could you potentially keep in touch with? Hundreds? Thousands? Millions? After all, there are people on Facebook with thousands of friends, or millions of instagram followers. According to research by anthropologist Robin Dunbar, the number is actually likely closer to about 150 individuals. This is approximately the number of people which one individual can keep ongoing relationships with.

LEAN 260
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New innovation approaches to counter the fear of Business Contagion

Paul Hobcraft

Choosing new innovative approaches to counter the fear of Business Contagion. What has been changing in how we approach innovation, and have we taken the opportunity to radically revise the innovation system and process accordingly? Many of our innovative approaches or systems are based on very often just an internal perspective, restricted in available resources and limited knowledge and insights, often constraining the evolving new solutions and then limiting the impact and outcome.

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Keeping Organizational Innovation Alive

IdeaScale

Pleased with your current team’s ability to innovate and work together? Perfect! Now, it’s time to take a proactive approach to maintaining their bond, creativity, and curiosity. Keeping innovation alive requires a mix of ongoing team building and group and individual skills building. Below are a few options to explore. Create or Revise Your Team [.].

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The Simple Shapes of Customer Stories

Leanstack

Inspired by Kurt Vonnegut’s lecture on “the simple shapes of stories,” I’ve previously riffed on The Simple Shapes of Startups. More recently, however, I discovered that customer stories too have archetypical shapes. These archetypical shapes plot customer happiness over time as customers hire and fire products in the course of getting the different jobs in their lives done.

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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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We Need To Get Back To Counting What Counts

Digital Tonto

The statistician George Box famously said, ““All models are wrong, but some are useful” and that’s especially true of economic models. When Ronald Coase argued that the “nature of a firm” was to reduce transaction costs, he didn’t mean that was the only purpose of an enterprise. To argue that there is a principal-agent problem between owners and managers should not imply that it only applies to profits.

Analysis 217
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The Hyper-personalization Data and Privacy Debate?-?Solved

Tullio Siragusa

The Hyper-personalization Data and Privacy Debate?-?Solved. The Internet is an essential part of our life. We surf the internet throughout the day, looking for various products or services online. Data is what we share with the websites we visit. But do we know what happens to our shared information or how our preferences pop as ads? In this podcast recap blog post, we will discuss how websites store data, what goes on with the data that we share, and how we can have an option to control our dat

Data 118
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What impact does a Hybrid working model have on performance?

Idea to Value

Since the pandemic began, many companies had to allow their people to work remotely for the first time. While it was not always a comfortable start with new technology and ways of working [“You are still on mute, Nick…”] , many employees immediately saw the benefits of being able to work from home rather than being forced to commute to the office.

Study 235
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Establishing an innovative business platform adoption approach

Paul Hobcraft

The Combination Effect for Adoption in today’s world. The level of interest in business platforms in the B2B space has rapidly grown. Platforms are more viable and relevant today than ever. The platform’s ability to offer multiple values will influence many of the client’s adoption decisions over the choices their business will engage with.

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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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How Every Team Member Can Contribute Their Part to Brainstorming Sessions

IdeaScale

Highlights Especially in hybrid work and the asynchronous workplace across time zones, getting everyone on the same page at a meeting can be difficult. Proper timing, interactive exercises, friendly debates, and both active and passive comments can help teams be more creative. Don’t forget to ask your team what else they can use to be [.].

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The key to success in Mastercard Foundation’s Young Africa Works initiative

Christensen Institute

I recently returned from a trip to Ghana where I got the opportunity to see how one company, mPharma, is democratizing access to affordable healthcare for average Africans. Although mPharma is focused on healthcare, the organization’s work got me thinking about many of Africa’s problems, chief of which is the lack of job opportunities for millions of people, especially the youth.

Marketing 122
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Happy 13th Birthday Digital Tonto!

Digital Tonto

When I started this blog back in 2009, the world was a very different place. First, and perhaps most obvious, we used to come up with brand names for our blogs instead of just using our real names. Social media was just becoming a thing and there was still debate about whether digital media was […]. The post Happy 13th Birthday Digital Tonto! first appeared on Digital Tonto.

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A purposeful approach to industry policy

IdeaSpies

AS a result of the massive fiscal stimulus applied during the COVID-19 crisis, together with close to net zero immigration, Australia has effectively achieved full employment for the first time in 50 years. However, this outcome is unlikely to be sustainable in the absence of measures to address longstanding supply-side issues, in particular the lack of investment in research, innovation and skills.

Policies 106
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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 surprising link between curiosity and Dopamine

Idea to Value

For years, I have been wondering about how curiosity evolved. It may be a silly question. After all, curiosity brings all sorts of benefits, especially when it comes to making us more creative. But if you look back millions and billions of years to when the first life was evolving, there was real danger to being curious. If you were an animal and you had everything you needed in your immediate surroundings (food, shelter and ability to reproduce), then why would you risk moving away from this sa

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How product managers can pull organizations out of the ‘feature factory’ trap with the right tools

Sopheon

When features become more important than innovative new products, make sure you let product managers lead. To do so, they’ll need the right product management solutions. The post How product managers can pull organizations out of the ‘feature factory’ trap with the right tools appeared first on Sopheon.

Tools 98
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How to Stay Innovative During a Recession

IdeaScale

Highlights Recession or not, the basics of innovation don’t change and should stay in place. A recession will shift your focus and needs and will change your metrics. Innovation is more important during a recession, especially in industries that are rapidly changed by it. A recession is defined as two quarters or more of negative [.].

How To 130
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What The Economist gets wrong about democracy and development in Latin America

Christensen Institute

A recent Economist article notes that “Latin Americans need to rebuild their democracies from the ground up,” and that if “the region does not rediscover a vocation for politics as a public service and relearn the habit of forging a consensus, its fate will get only worse.”. The sentiment is understandable. In the region, citizens are electing more and more extremist politicians.

Marketing 122
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Software Composition Analysis: The New Armor for Your Cybersecurity

Speaker: Blackberry, OSS Consultants, & Revenera

Software is complex, which makes threats to the software supply chain more real every day. 64% of organizations have been impacted by a software supply chain attack and 60% of data breaches are due to unpatched software vulnerabilities. In the U.S. alone, cyber losses totaled $10.3 billion in 2022. All of these stats beg the question, “Do you know what’s in your software?

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Idea Generation in Business: Eight Techniques to Supercharge Creativity

Qmarkets

Ideas are vital to innovation. They are the seeds from which every innovation grows. When it comes to overseeing an idea management program involving thousands of employees or customers, it is crucial that the process is structured in a way that helps participants to generate the best ideas. In this blog, we highlight eight techniques for idea generation in business that will help your idea management participants to reach their creative potential.

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5 Ideation Objectives

eZassi

Top 5 Ideation Objectives for Innovation [Infographic]. Both a Nobel Prize winner in Chemistry and Nobel Peace Prize recipient, Linus Pauling believed, “The best way to get a good idea is to have a lot of ideas… get lots of ideas and throw the bad ones away.”. Build your Innovation Portfolio on the best ideas captured through Ideation. For innovative and creative organizations, the challenge is not a lack of good ideas, but no effective system in place to review, score, catalog and process

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Getting more curious: Research shows that curiosity can be enhanced

Idea to Value

Curiosity has long been linked to being more creative. Along with being open to new experiences , being curious makes it more likely that you discover new and interesting knowledge which can then be combined in a creative way. A 2019 meta-analysis of 2,692 individuals showed that there was a strong positive link between being more curious and being more creative.

Analysis 224
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Digitalizing innovation management systems empowers faster, more effective decision-making

Sopheon

Organizations must make innovation decisions quickly and accurately to remain competitive. Digitalization positions them to do just that. The post Digitalizing innovation management systems empowers faster, more effective decision-making appeared first on Sopheon.

System 98
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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.