January, 2021

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Thinking about innovation and strategy

Jeffrey Phillips

I've been asked several times lately to write about, or perhaps more specifically, to opine about, innovation strategy. If you are a somewhat regular reader of this blog or my work generally, you may know that I think talking about innovation strategy conflates two very important ideas that are related but not the same thing. I find it useful to consider first the definition of these two concepts.

Strategy 284
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Adapting to Change: How to Unify Online and Offline Aspects of Business

CMOE

The year 2020 made one thing clearer than ever before: shunning the online world is not a viable strategy for any business, no matter how well-equipped it is to attract activity offline. When lockdown measures were rolled out, companies that relied on foot traffic quickly ground to a halt. They had two options: start operating online or shut down for the foreseeable future.

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If You Want to be More Creative, Mix With More Creative People

Destination Innovation

According to Jim Rohn, you are the average of the five people you spend the most time with. The people you associate with help shape what you think and who you are. We tend to congregate with friends who are like us in background, interests, education, attitudes and opinions. This is comfortable and reassuring but it inhibits creativity or independent thought.

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Why do we have difficulties to self-disrupt?

Paul Hobcraft

“Why do we always seem to have internal difficulties to self-disrupt?”. Now that is an interesting question. My quick and simple answer is to look at all the internal constraints you can see, or those around you can add to your list or the ones you place on looking outside your own organization. It is also being constrained when you look outside your organization and not recognizing the (perpetual) changes going on, often until it is too late or a fast, nimble entrepreneur has nipped in and set

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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 law of diffusion of innovation

Idea to Value

Any company planning on bringing a new innovative solution to market must accept the fact that not every customer will be willing to buy it immediately. There will always be certain target customers who are more resistant to trying out new ideas than others. One of the best and most important concepts to help understand the impact on your innovation strategy is the Law of Diffusions of innovation, also sometimes known as the Product Adoption Lifecycle.

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How Your Organization Can Innovate in a People-Centric Way

HYPE Innovation

When we talk about innovation, we often talk about harnessing people's creative energies, and then turning that energy into something of value. How can we help people collaborate and create new things?

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Why You Need To Build Change On Common Ground

Digital Tonto

The truth is that while people like the idea of being different, change is always built on common ground. Differentiation builds devotion among adherents, but to bring new people in, you need to make. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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33 Hidden Countries

Destination Innovation

Can you find 33 hidden countries in the text below? “Don’t look back in anger,” many a wise man has said, including William Shakespeare who wrote “Much Ado about Nothing.”. The captain asked the sargent in an email if he could plug and advertise the notice in the formal information pack. He wore a jumper under his coat and a cap which protected him when the ice landed on his head.

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The art of “Back Casting” needs care

Paul Hobcraft

Backcasting is a planning method that starts with defining a desirable future and then works backwards to identify policies and programs that will connect that specified future to the present. The fundamentals of the method were outlined by John B. Robinson from the University of Waterloo in 1990. The fundamental question of backcasting asks: “if we want to attain a certain goal, what actions must be taken to get there?

System 280
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Tall Poppy syndrome vs Tall Weed syndrome

Idea to Value

Have you ever heard of Tall Poppy Syndrome? It essentially says that the flower which stands out above all the rest will be the first to be cut down. Basically, it says that people should be humble and not try to make themselves appear better than others. While this particular saying dates from ancient Greece and is well known throughout many Commonwealth countries, especially Australia and New Zealand, there are other similar proverbs in many countries which stress humility.

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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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Two documents that tell you all you need to know about innovation

Jeffrey Phillips

If you believe everything you hear, or read, within your corporation about innovation, you may end up a bit disappointed. As we've seen over the last two decades, talking about innovation is easy, but implementing it and realizing the benefits are a bit more difficult. Plus, with all the swirling definitions of innovation, what is one woman's innovation is another woman's incremental change.

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Ways to Generate Ideas from a Distance

IdeaScale

More people are working from home than ever before. Organizations need a way of innovating from a distance. Remote work is expected to increase in the coming years. A recent study reveals 42% of employees who are given the option will work from home more within five years. Collaboration is the key to effective idea creation … Continued. The post Ways to Generate Ideas from a Distance appeared first on IdeaScale.

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The Humility Principle

Digital Tonto

We rarely fully understand the consequences of the actions we take. We live in a world not of linear cause and effect, but complex ecosystems in which even our best laid plans touch of a complex web. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Two in a row | Exago innovation software recognised as a Top Performer by FeaturedCustomers

Exago

Exago has just been recognised as a Top Performer by FeaturedCustomers, in its “Winter 2021 Customer Success Report for the Idea Management Software Category”, having been distinguished last year for the first time. The ranking is built based on data from the reference platform, including market presence, web presence, and social presence, as well as […].

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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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What Do Innovation Maturity Assessments Have in Common?

InnovationManagement

Building a repeatable model for innovation is a journey, not a trophy. An innovation department builds services and competencies across multiple disciplines – from research to communications and culture. And even with a dedicated innovation department, they must cooperate seamlessly with other parts of the business in order to deliver meaningful results on an ongoing basis.

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Research shows that having a phone on your desk makes you more stupid

Idea to Value

A lot of people joke about how having a smartphone is making us all less intelligent. And new research provides evidence that this is true. In a recent study of over 520 students, an experiment by Ward et al was conducted to see what impact having our smartphones near us would have on our ability to complete complex tasks. The theory is that people are so often distracted by their phones that simply having them nearby would limit the mental resources available for more demanding tasks.

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Leadership Is Like Engineering: You Need to Start with Why

Entrepreneur - Innovation

To address user challenges, they must first be understood. These principles of why, what and how also apply to management, especially in turbulent times.

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What’s the Difference Between Open vs. Closed Innovation?

IdeaScale

There are a multitude of approaches to innovation management. One key factor, however, is “open” innovation versus “closed” innovation. While the names are slightly misleading, they’re important to understand as you approach your change management strategy. “Closed” Innovation: What To Know A better name for closed innovation might be “close innovation.

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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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Why Good Ideas Fail (And How To Help Yours Succeed)

Digital Tonto

We tend to think that if we get an idea right, that others will recognize its worth. That’s hardly ever true. In fact, if your idea is truly new and different, you can expect to encounter stiff. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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5 cultural shifts fashion brands have to pioneer

Board of Innovation

Pick 1 of these Fashion trends to accelerate past the basics in 2021. The post 5 cultural shifts fashion brands have to pioneer appeared first on Board of Innovation.

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How to turn Innovation theatre into innovation outcomes

Strategyzer Innovation

We are often asked by senior leaders and innovation managers “how do I know if the innovation programs we have are successful?”. In other words: how do we know if these programs will produce long-term growth for our company? While one might be tempted to answer such a question by simply looking at the number of new business ideas that their innovation programs generate, we believe that this question can only be answered by looking at the totality of a company’s innovation ecosystem.

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Podcast S4E94: Cyndi Burnett – Creativity in education

Idea to Value

In this episode of the Idea to Value podcast, we speak with Cyndi Burnett, Director at Creativityandeducation.com. We speak about what it takes to bring creativity into homes and classrooms. Topics covered in this episode: 00:02:00 – Cyndi’s start in learning about and teaching creativity. 00:04:00 – The frustration with research and how to make it practical. 00:05:45 – The STAR Model – The 5 Aspects of Creativity. 00:10:00 – Has creativity really been declini

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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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Why We Should Advocate for Decentralized Finance and Its Regulation

Entrepreneur - Innovation

Technology has proven time and again that innovation has the ability to identify trends that enable success. It can also help businesses worldwide with their attempts to attract funding by going public.

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How Sunshine Coast Credit Union Transformed Its Bottom-Performing OHI Score

IdeaScale

An innovation culture is critical to a company’s success. Change prompts growth, which leads to creativity. Many companies struggle with innovation. A recent McKinsey Global Survey found 6% of executives find their innovation efforts gratifying. Vancouver’s Sunshine Coast Credit Union serves over 17,000 members. This Canadian full-service financial institution used innovation management to become top performers … Continued.

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2021: What Comes After Covid?

Digital Tonto

Today the Covid-19 crisis has given a shock to the system and we're at an inflection point. The most immediate effects have been economic recession and the rapid adoption of digital tools, such as. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Bitcoin and Blockchain: A Small Glimpse Into Big Digital Disruptions

Daniel Burrus

Several of us likely remember the Bitcoin boom around the end of 2017, when thousands of individuals bought Bitcoin, seeing the value of their dollar skyrocket for a brief period. This sent the banking industry into a tailspin, desperately trying to understand this new concept of a digital currency system, and areas of the government even began to prepare a way to legislate this unfamiliar system.

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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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Are you catching the right wave?

IdeaSpies

As a leading executive today you would have ridden many waves to be where you are. In recent months, I have had the opportunity.

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Bald spots and blind spots

Idea to Value

I’m coming up to 40 years old soon, and from the front I still have an ok head of hair (notwithstanding it receding a bit on the sides). But on the top of my head, I have a part where my hair is thinning so much that you can see my balding spot. Other people can see it, especially from behind me. The problem is, I can’t see it. And so I keep forgetting about it and am not aware of it.

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3 Ways to Align with Ethical Values and Accelerate Your Brand

Board of Innovation

Hand-curated takeaways to prove your worth in ethical consumption, utility, and sustainability. The post 3 Ways to Align with Ethical Values and Accelerate Your Brand appeared first on Board of Innovation.

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Here Are Some of the Strategies for Getting a Vaccine Distributed Across America

IdeaScale

COVID-19 continues to spread, prompting the need for the fastest vaccine in history. Millions of people in the U.S. will get vaccinated very soon. Here are some distribution strategies. What’s happening pre-vaccination? The race is on for making the COVID-19 vaccine available. As this government innovation continues, officials will grapple with the most efficient ways … Continued.

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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