June, 2019

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Why Most Corporate Innovation Programs Fail (And How To Make Them Succeed)

Digital Tonto

The real potential of innovation programs is that they provide a space to explore areas that don’t fit with the current business, but may play an important role in its future. Related. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Continuous Improvement and Breakthrough Innovation: Why You Need Both

IdeaScale

Innovation has to come from somewhere. Even the biggest game-changers come from understanding the “game” and are built on in-depth knowledge of how existing products or processes work. How businesses conduct operations on a daily basis can encourage or discourage breakthrough innovation. Businesses that strive for continuous improvement lay a better foundation for breakthroughs than businesses that preserve the status quo at all costs or otherwise eschew change.

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Ideas are easy, good ideas are hard

Jeffrey Phillips

I'm writing a series of posts that examine some of my lessons learned after over 15 years of corporate innovation consulting. Past posts have included the concept of needing a why and a how for innovation , why ideas need a sponsor and how to understand the range of innovation options your company will consider. In this post I want to discuss the proliferation of ideas and their relationship to innovation.

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All things considered for Innovation Thinking

Paul Hobcraft

Source: Rikke Dam and Teo Yin Siang. When we are designing innovation for the future, the search is even more centered around strategically connected value creation. The task of searching to resolve more complex problems allows Design Thinking to step up and become a far more visible component on how we can go about this. Design thinking needs to work in harmony with many other thinking skills to make its contribution.

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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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The Innovation Manager's Summer Reading List 2019

HYPE Innovation

Is it just me, or does this also happen to you? Summer after summer it's the same. Usually, at the beginning of the season, I start to think, "okay, which book should I take on vacation?" (fully aware that, in the end, I'll return home having not opened it once). Why? Probably because I tend to grab a book that's been collecting dust on my shelf -- usually a promo/giveaway about something I don't really care about or a birthday gift that missed the mark ( sorry, Grandma, I don't want to read tha

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Corona releases Fit Packs: Beer cans that link together

Idea to Value

The Mexican Beer manufacturer Corona has found an innovative new solution to the problem of plastic packaging which holds packs of beer together. They have redesigned their beer cans so that the top and bottom have a semi-screw mechanism, allowing cans to be “locked together” and carried like a tube. Allegedly the system is strong enough to comfortably connect 10 cans together ( just resist the urge to play with this like a sword like the guy in the video below ).

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How the Gig Economy Impacts Innovation

IdeaScale

Today, more than one-third of workers in the United States are part of the gig economy, and that translates into 57 million people. For some, freelancing is a stopover between permanent jobs, but for 24 percent of workers in the U.S., it is their primary, full-time vocation. Despite missing out on traditional job benefits like paid time off, health insurance, and retirement plans, people participating in the gig economy tend to be happier than traditional employees because of the flexibility and

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Overcome the Customer’s Concern – Transfer the Risk

Destination Innovation

During the economic depression which followed the financial crash of 2009 car sales slumped across America. Automobile makers tried all sorts of promotions, many featuring big price cuts, but they could not lure buyers onto their forecourts and persuade them to buy. Rebates and other traditional incentives just were not working. Hyundai USA took a different approach.

Marketing 203
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Valuing digitization alongside innovation

Paul Hobcraft

We all see around us increasing disruption caused by digitalization. The powerful effects of digitalization are opening up different business opportunities, the chance to design different business models and get far closer to the ultimate need, to understand the customers wishes from the products and services they are wanting to buy. We are seeing a very distinctive advantage in embracing digitalization into innovation.

Data 208
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Understanding the innovation options in your business

Jeffrey Phillips

I'm writing a series of blog posts to document some of the things I've learned in innovation along the way, over 15 years of leading corporate innovation work. So far I've written several blogs, the first about the importance of d efining a why and a how for innovation , the second about the importance of an idea sponsor. Today I'm going to focus on the key drivers for innovation and explain what drives innovation in many organizations.

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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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Let’s Face Facts, The Digital Revolution Has Been A Huge Disappointment

Digital Tonto

We are awash in nifty gadgets, but in many ways we are no better off than we were 30 years ago. Related posts: 5 Uncomfortable Facts for the Digital Maniacs. Is Digital Technology Really Making Us. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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3 questions to help you decide if you should invest in an innovation management software

Exago

If you are involved in managing innovation for your organisation and you have been set with the task to make this decision, the first question you should ask yourself is: “Do we really need an innovation management software?”. These three questions, related to 3 key dimensions of any innovation management programme, should help. The post 3 questions to help you decide if you should invest in an innovation management software appeared first on Exago.

Software 203
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6 Building Blocks for Innovation Department Success

IdeaScale

Nearly 80 percent of executives surveyed by The Boston Consulting Group’s tenth global survey on innovation considered innovation to be either the most important priority at their company or in the top three. Employees, however, can be more skeptical. They’re already overloaded and adding “innovate” to their task load may not get a good reaction. However, there are ways to cultivate innovation success, and creating an innovation department is one of them.

Survey 198
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How to answer the interview question, ‘Why should we give the job to you?’

Destination Innovation

The WHY, WHAT, HOW approach. It will differentiate you from the other candidates. The interviewer asks you WHY you should get the job. You answer, ‘Because of WHAT I can do for you and the department.’ Then address some of the real issues that face the interviewer. Issues that you should have ascertained during your research and during the interview.

How To 189
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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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Podcast S2E37: Duncan Wardle – The former Head of Innovation and Creativity at Disney

Idea to Value

Today, we are speaking with the former Head of Innovation and Creativity at Disney, Duncan Wardle. Can you imagine a job title more closely related to creativity than that? We speak about what it takes for companies to become more innovative, how ideas are developed at Disney and Pixar, and why companies need to embrace creativity to prevent themselves from becoming disrupted in the coming decade.

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Every idea needs a sponsor

Jeffrey Phillips

As I noted yesterday, I'm writing a series of posts about what I've learned over the last 15 years of corporate innovation work. Yesterday I wrote about needing a "why and a how" rather than a "what" for innovation. Today, I'd like to write about sponsorship, and why it is critical to have engaged sponsors for ideas and for innovation. This idea is important enough that I took the extra 30 seconds and looked up the definition of sponsor.

Resources 175
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Here’s Why The Robots Won’t Really Take Over

Digital Tonto

Value never disappears, it just shifts to another place Related posts: The Problem Isn’t The Robots, It’s Us. The Future Of Robots Is All Too Human. Every Business Today Needs To Prepare For An. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Exago at Universo TOTVS 2019 to accelerate Brazilian companies’ innovation

Exago

For the first time, the Exago team is participating in Universo TOTVS, the main stage for business technology in Brazil. The unique event in São Paulo brings together over 3,000 participants and 60 experts and speakers to catch up on the technological innovations that are helping companies become more efficient and grow in the digital age. The post Exago at Universo TOTVS 2019 to accelerate Brazilian companies’ innovation appeared first on Exago.

Company 190
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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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Top 5 Women Innovators of All Time

IdeaScale

There’s an old saying that goes, “The rooster crows, but the hen delivers,” and it’s an apt metaphor for the world of invention. Most of us have little difficulty listing male inventors, but rattling off a list of female innovators is harder. It’s not because women don’t innovate, but because historically they haven’t had the educational opportunities that male innovators have had.

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The power of your gut- a hot topic in health!

IdeaSpies

The gut microbiome is emerging as a “hot topic” in health care right now, and scientists are amazed at the connections being made between our gut bacteria and our health and wellbeing. The bacteria and other organisms that reside in our gut have been implicated in a number of diseases ranging from colorectal cancer and ulcerative colitis, through to cardiovascular disease, diabetes, anxiety and depression, and even Alzheimer’s and Parkinson’s disease.

Report 108
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5 Ways to Build a More Innovative Culture at Work

Innovation Excellence

It is said—and widely accepted—that culture eats strategy for breakfast. Company culture is also an important driver for innovation. According to a 2016 Gartner Financial Services Innovation Survey, “The biggest threat to innovation is internal politics and an organizational culture which doesn’t accept failure, doesn’t accept ideas from outside, and/or cannot change.

Culture 104
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Making innovation your organizing theme

Jeffrey Phillips

In my continuing series of posts about lessons learned from corporate innovation, today I'd like to expand on the idea of innovation language, and go even further. I'd like to riff on the idea of innovation as central, organizing idea in a business rather than an occasional distraction. Last Friday I wrote about the importance of defining a common language for innovation , so that people within a company are talking and working on the same things.

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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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We Need To Build An Innovation Economy For The 21st Century

Digital Tonto

There are worrying signs that we are not building capacity the way we should. We need to right the ship before it’s too late. Related posts: We Need To Rethink Innovation For The 21st Century. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Exago CEO shares best practices on promoting a culture of innovation

Exago

The CEO of Exago, Diana Neves de Carvalho, was invited to an internal session about “how to encourage a culture of innovation in companies” for the employees of CTT, the market leader in postal services in Portugal. The post Exago CEO shares best practices on promoting a culture of innovation appeared first on Exago.

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Propel Your Innovation Strategy into Overdrive with Big Data

IdeaScale

Big data has been a foundation of innovation ever since the first suggestion box was put out. Since then, the data set has only kept growing, until now you can filter thousands or even millions of data points. How do you effectively use big data to drive innovation? Collect Only Relevant Data. Data is often described with water metaphors: as a flood, an ocean, a rushing river, or a surging waterfall.

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Aussies Tackle Antibiotic Resistance

IdeaSpies

by: Melissa Raassina & Rebecca Morehouse. In celebration of World Microbiome Day, we’re discussing all things microbes and antibiotic resistance! Many people are asking, what happens if antibiotic resistance continues to spread? And how can we prevent antibiotic resistance from spreading further? Why? Antimicrobial resistance, more commonly known as antibiotic resistance, is a big issue facing the population on a global scale.

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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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Productivity Leads to Happiness

Tullio Siragusa

Productivity Leads to Happiness. hap·pi·ness /?hap?n?s/ n oun ?—?the state of being happy. Synonyms: contentment, pleasure, contentedness, satisfaction, cheerfulness, cheeriness, merriment, merriness, gaiety, joy, joyfulness, joyousness, joviality, jollity, jolliness, glee, blitheness, carefreeness gladness, delight, good spirits, high spirits, light heartedness, good cheer, well-being, enjoyment, felicity.

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You need a why and a how, not a what, for innovation

Jeffrey Phillips

I'm going to start a series of blog posts about what 15 years of innovation consulting has taught me. I'm happy to say I've learned a lot about innovation in corporations, and also somewhat excited to say I'm still learning, because the pace and nature of innovation is changing so rapidly. However, there are still so many basic, fundamental things that companies either overlook or fail to realize that going back to the basics is important.

Strategy 169
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How To Build An Ecosystem Strategy

Digital Tonto

The truth is that value chain based strategies are slow and rigid and the world has become fast and agile. You can’t simply seek to build a better mousetrap, you need to relentlessly connect to build. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Strategy 119
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An Innovative Complaint – United Breaks Guitars

Destination Innovation

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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