November, 2022

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3 Important Things That Monkeys Can Teach Us About Business And Life

Digital Tonto

G. H. Hardy, widely considered a genius, wrote that “For any serious purpose, intelligence is a very minor gift.” What he meant was that even in purely intellectual pursuits, such as his field of number theory, there are things that are far more important. It was, undoubtedly, intellectual humility that led Hardy to Ramanujuan, perhaps his greatest discovery of all.

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What makes the Innovation Ecosystem different?

Paul Hobcraft

In the past few months, I have been writing consistently on the need to change our innovating process, thinking and designs into Innovation Ecosystem ones. Source: tmforum.org. In October, for example, I wrote, “ Why do we need to change our thinking about innovation “ I continue here with some more arguments of “why” we need to move towards an innovation ecosystem in design and thinking.

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Do you have plans or planners?

Jeffrey Phillips

I'm diverging a bit from my normal focus on innovation and strategy to write a brief piece on planning. You see, planning is vital for strategy and for innovation, and is so ubiquitous that no one in corporate America believes that they lack for planning. Planning is vital for innovation because planning is the concept of thinking ahead - getting ahead of the market, of competition, of customers.

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Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

How much of your innovation budget and innovation efforts should focus on improving your existing business, and how much should seek to explore and transform your business for the future? This is one of the fundamental strategic questions which every business leader needs to consider. One of the best ways to assess what proportions your company should allocate to different types of innovation projects is by looking at your current and desired innovation portfolio.

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Why You Need to Use Case Studies in Sales and Marketing (and How to Start Now)

Case studies are proof of successful client relations and a verifiable product or service. They persuade buyers by highlighting your customers' experiences with your company and its solution. In sales, case studies are crucial pieces of content that can be tailored to prospects' pain points and used throughout the buyer's journey. In marketing, case studies are versatile assets for generating business, providing reusable elements for ad and social media content, website material, and marketing c

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8 Misconceptions about Minimum Viable Products

IdeaScale

One thing consistently successful innovation programs do, is test their concept during the development process. Whether physical or intangible, it’s rare that a final product is precisely what you initially envisioned. During the development process, your product is likely to evolve. While the end objectives remain the same, they may be expanded or revised.

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Why Your Idea Will Probably Fail To Survive Victory

Digital Tonto

In the two decades I have been researching transformation and change, the failure to survive victory is probably the most consistent aspect of it. In fact, it is so common you can almost set your watch by it. Amazingly, no matter how many times change advocates experience it, they rarely see it coming. Many, in fact, seem to take pride in how many battles they have lost, seeing it as some kind of badge of honor.

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The linkages of innovating purpose

Paul Hobcraft

The linkages of innovation purpose. Whenever I get into conversations about innovating, we always hit difficulties on the question, “how can I build this well and be sustainble?” Hence, I often try to build an extended narrative for what makes up the innovation capability building and understanding for the future. I frame this as the linkages of innovation purpose.

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L.I.V.E. (Lean Innovation, Validation & Execution): A new, more effective way to manage multiple innovation projects

Idea to Value

This new management method makes it nearly impossible for innovation teams to fail at delivering multiple challenging innovation projects faster, with less risk and lower required budgets. Most innovation experts often say that traditional management processes are not the way to run innovation projects. And this is true. Traditional project management and financial management processes and principles are designed to produce robust plans for exactly how a project should run, and select only proje

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E-Bikes Are the New Green Mobility Solution

Business and Tech

Sara Wainer, who manages business priorities and communications for the USA market at Specialized Bicycle Components, discusses the importance of zero-emissions vehicles and the future of e-bike transportation. Sara Wainer Executive Assistant (USA), Specialized Bicycle Components. What does the future of transportation look like in the coming years?

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A Guide to Effective Co-creation That Drives Innovation

HYPE Innovation

The co-creation process as a form of open innovation can seem challenging for any company. However, it can create great opportunities for businesses to meet and exceed their customers’ expectations and gain a competitive advantage. And in today’s environment of rapid digital transformation , co-creation is a valuable component of many organizations’ innovation strategies.

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Retail Tech: Empower Associates, Optimize CX, and Boost Productivity

Speaker: Andrew Regan, Managing Partner at BlueSeed Retail Ltd.

Did you know that 70% of new retail technology fails to deliver expected benefits and can often decrease customer value, service, and experience? With that in mind, how can we empower our store associates to leverage new technology to optimize the customer experience and boost productivity? This exclusive webinar with Andrew Regan will dive into strategies to empower retail associates for success with new technology.

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Time for Innovation 2.0

Jeffrey Phillips

I've been writing about innovation for close to 20 years. During most of that time, I've had the good fortune to lead innovation projects for clients as well. The work I get to do, and the material I see online and read in (yes, I still read paper magazines) has provided a lot of fodder for this blog over the years. There are kids out there, getting ready to graduate from college, who were just being born when I started doing innovation work.

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We Can’t Define The Change We Want To Pursue Until We Define Who We Want To Be

Digital Tonto

Today, we stand on the precipice of a new paradigm. We’ve suffered through a global financial crisis, a pandemic and the most deadly conflict in Europe since World War II. The shifts in technology, resources, migration and demography are already underway. The strains and dangers of these shifts are already evident, yet the benefits are still to come.

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Try Something Different

Destination Innovation

“If you always do what you’ve always done, you always get what you’ve always got.” This trite saying crops up all over the place. It is variously attributed to Henry Ford, Albert Einstein, Tony Robbins, Marian Diamond and several others. The trouble is that it just is not true. The world changes. It is volatile and uncertain. Things which worked well last year might work better this year but, more likely, they will work worse or not at all.

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If you want someone to make a decision, give them fewer choices

Idea to Value

We often think that giving people more choices is better than having fewer choices. After all, wouldn’t we all want to have the option of getting something perfectly suited to our desires, than having to settle for what is available on the shelf? However, research has shown that if you want people to make a decision, sometimes having too many choices can make people less willing to make a decision at all.

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Future Focus: Constructing Unshakeable Stability in Your Manufacturing Supply Chain

Speaker: Jay Black, Senior Account Executive

We’ve all heard the buzzwords to describe new supply chain trends: resiliency, sustainability, AI, machine learning. But what do these really mean today? Over the past few years, manufacturing has had to adapt to and overcome a wide variety of supply chain trends and disruptions to stay as stable as possible. Stability has become key in this post-COVID world, and will remain key moving forward.

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When Not to Innovate

IdeaScale

While many of your products and services will need to evolve, not every wheel needs to be reinvented. Or, not at the present moment. In your effort to maintain your competitive edge, you and your team are sure to be brainstorming what’s next. While ongoing innovation is essential for sustainability, you must ensure you [.].

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12 open innovation best practices for the year to come

HYPE Innovation

Did you know that not that long ago, drones were one of the bestselling Christmas presents ?

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Surrounded: When disruption hits on all sides (Part 2)

Christensen Institute

In Part 1 of this blog series, I highlighted that disruption in health care is increasingly present at many points along the consumer value chain. Key takeaways to recall from that first post are as follows: Disruption doesn’t stop where it starts. New entrants are rewriting the rules of competition and have asset-light business models with which incumbents must now compete.

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What You See Is How You’ll Act

Digital Tonto

Take a moment to think about what the world must have looked like to J.P. Morgan a century ago, in 1922. The disruptive technologies of the day, electricity and internal combustion, were already almost 40 years old, but had little measurable economic impact. Life largely went on as it always had and the legendary financier lorded over his domain of corporate barons.

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Cracking the Code to Product Team Success: Data, Empathy, and Extraordinary Communication

Speaker: Donna Shaw - Senior Product Manager & Eric Frierson - Director of Innovation for Public and School Libraries

Product management goes beyond product development; it involves nurturing a cohesive team. Collaborating with cross-functional teams can be overwhelming, particularly when objectives diverge. Establishing effective communication channels with team members and stakeholders can be a daunting task. Nonetheless, by leveraging foresight and valuable insights, you can cultivate a thriving product management team that works together harmoniously to craft customer-centric products.

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How Generative AI Is Changing Creative Work

Harvard Business Review

It may soon be standard practice for AI tools — such as GPT-3 and DALL-E — to provide first drafts of emails, articles, reports, blog posts, presentations, videos, and more.

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Why Facebook needed to let go of 13% of their workforce

Idea to Value

While the massive layoffs at meta are terrible, it sadly shows one of the major issues that companies struggle with when they try to grow and innovate too quickly … facebook tried a huge number of innovation projects which failed. But this was not the problem. As I read in a wonderful WIRED article : Remember Libra, Meta’s ambitious plan to enter the cryptocurrency market?

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The Best-Kept Secret to Cultivating Creativity and Innovation

Entrepreneur - Innovation

If you've ever felt limited in your creativity, then asking yourself these questions will help you unlock it.

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A Day in the Life of Analytics Engineer, Kaley Coddens

Planview

At Planview, we truly believe anything is possible when people work together on the things that matter most. When we break down silos and collaborate across all levels, functions, and borders, we see our people succeed. When our people succeed, so does our business. Our analytics teams play a central role in collaborating with teams across the enterprise and supporting our global teams.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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The one pledge leaders should make at this year’s climate conference?

Christensen Institute

What if world leaders pledged that there would be no major climate conference in 2023 unless certain climate goals are met after this year’s conference? In essence, no COP28 if COP27 promises and pledges go unfulfilled. It’s no secret that since 1995, when the first COP event was held, annual global CO2 emissions have risen by more than 50%. As Michael Horn and I highlighted in this article in June, even though more than 99% of scientists agree that climate change is serious and that humans are

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The Meaning of Hoshin Kanri: What, Why, and How

Kainexus

We are fortunate enough to get to spend a lot of time chatting with customers and other organizations that are interested in continuous improvement about how they approach the need for constant positive change. Many techniques that are used in the Lean and Six Sigma management approaches come up during these conversations, but one which seems to be less understood than many others is Hoshin Kanri.

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The Emotional Labor of Being a Leader

Harvard Business Review

Many organizations fail to adequately prepare leaders for — or support them in — this critical part of the job.

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Nine pregnant women cannot deliver a baby in one month

Idea to Value

Some things just take time. Traditionally, one of the best ways to speed up the delivery of a project is to allocate more resources to it. After all, if one construction worker can lay 1,000 bricks in one day ( note, this is just a guess… ), then a hundred construction workers could lay up to 100,000 bricks in a day, meaning the project would only take 1/100th of the time to complete ( assuming the project outcome is supposed to just be a pile of bricks… ).

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The B2B Sales Leader's Guide for Any Economic Environment

When economic headwinds pick up, sales leaders are the first to sound the alarm — and chart a new course. Longer sales cycles, larger buying committees, increased price pressure, and smaller teams can quickly combine to reduce your margin for error and increase the urgency to find a solution. To thrive in a challenging environment, sales teams need a rock-solid grasp of the fundamentals and the biggest force-multipliers they can get their hands on.

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4 Reasons Why Looking 'Different' Helped Me Become a Stronger Leader

Entrepreneur - Innovation

People who feel like they don't "fit in" often struggle in social situations. Yet, this plight can also be the single best developer of leadership skills any ambitious, hard-working entrepreneur could hope for.

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5 Simple Steps for Launching Game-Changing New Products

Innovation Excellence

GUEST POST from Teresa Spangler There has never been a better time to invent, create, and innovate game-changing products, new business models, and services. In fact, I will be so bold as to say, we must change it dramatically to succeed in the future. You know your team needs to be more creative, they need to collaborate, or many seek more outside influence, but […].

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Only out-of-the-box solutions will tackle the root cause of what ails schools

Christensen Institute

As members of the media have bemoaned the tragic results of students on the latest National Assessment of Educational Progress (NAEP)—also known as the nation’s report card—many have been all too willing to jump into the game of who is responsible. Yet, few have sought innovative solutions to change the fundamental underlying reality: today’s schools were not built to maximize each and every student’s learning.

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How to Align Continuous Improvement with Strategic Goals

Kainexus

One might think that any organization with leadership and employees dedicated to continuous improvement would slowly trend toward success. However, it takes more than a desire to implement positive change to get there. Continuous improvement is part of a strategic process that advances critical goals and objectives. Organizations that demonstrate operational excellence are aligned and working toward the same ends.

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Fail Well, Pivot Fast: Product Experimentation for Continuous Discovery

Speaker: William Haas Evans - Principal Consultant, Head of Product Strategy & Design Practice, Kuroshio Consulting

The purpose and value of experimentation (from a scientific and product perspective) is to produce new information. From a product discovery/product management perspective, the purpose of experimentation is to focus our efforts on invalidating our assumptions to reduce the risk of developing and going-to-market with the wrong product. It’s our way of intentionally managing through uncertainty — since, as Claude Shannon said, “the only resolution to uncertainty is information.