February, 2023

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The power of ecosystem thinking for resolving the innovation complexity of today

Paul Hobcraft

Applying ecosystem thinking to innovate complex and challenging problems “Opening up our thinking towards ecosystems will have a powerful effect, it alters the way we will approach problems today and in the future, ecosystems offer a greater potential for collaborative growth, impact and sustaining innovating value” Our understanding of innovation is changing; we are evaluating and changing our existing focus from closed (internal orientation) into open and far more collaborative innovation (ext

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Leaders will invest less in transformational innovation due to fears over the economy

Idea to Value

One of the biggest questions I am getting from businesses at the moment is what the potential impact of a recession or the slowdown of the economy might have on their innovation efforts. And according to a new report by Innovation Leader and KPMG USA called “ Benchmarking Innovation Impact, from InnoLead.” (available for download from Tuesday 7 Feb 2023), the outlook shows that there are potentially major problems ahead for innovation teams.

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7 Innovative and Inspiring Examples of Brand Repositioning

IdeaScale

It’s not ideal, but it’s a reality—some businesses hit a point of no return. Their core products are no longer relevant, the wave there are riding has crashed, or their demographic’s needs have shifted. While some businesses throw in the towel, others explore entirely new business models. The brands below slightly repositioned themselves, drastically expanded [.

Examples 264
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We Need To Stop Worshiping Algorithms

Digital Tonto

Humans can be irrational and maddening. Decades of research have shown that, when given the exact same set of facts, even experts will make very different assessments. Some people will be more strict, others more lenient. Some of us are naturally optimistic, others are cynics. A family squabble in the morning can affect the choices we make all day. So it’s not unreasonable to want to improve quality and reduce variance in our decision making by taking a more algorithmic approach by offering clea

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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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Empowering Your Leadership with Emotional Intelligence: Tips for Success

Tullio Siragusa

Empowering Your Leadership with Emotional Intelligence: Tips for Success As leaders, it’s not just about what we know, but also about how we interact with others and manage our own emotions. Emotional intelligence, or EQ, is the ability to recognize and understand our own emotions, as well as those of others, and use this information to guide our thoughts and actions.

Tips 118
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A Guide to Open Innovation Platforms: How to Unlock the Power of Collaboration

Viima

As the world continues to evolve at an accelerated pace, so does our pursuit of innovation. But the growing complexity of this world makes innovation more challenging. It’s no longer a one-person job (if it ever was). Yet, the myth of the solitary genius innovator persists in organizations that still believe that they can innovate alone, with no external help.

More Trending

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Why Open Innovation is the Future

IdeaScale

Innovation is a crucial driver of progress and success in many industries, but traditional approaches to innovation may be insufficient in today's rapidly changing business environment. Open innovation is a new paradigm for innovation that is gaining popularity among forward-thinking businesses. In this article, we will explore the concept of open innovation, its benefits, and [.

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Anchoring: The bias which affects our ability to estimate & negotiate

Idea to Value

When you are about to negotiate, is it better to go first, or is it better to wait for the other person to show their hand and you then are able to adjust with more information? Well, according to the research, whoever provides the first piece of information has a major advantage, as the final agreed number tends to be closer to their initial suggestion.

Study 266
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We are possibly at a series of inflexion points. Here’s one

Paul Hobcraft

A shift in managing differently , a possible inflexion point We are possibly at a series of inflexion points in our current business environment. Here’s one you will be required to address. What seems to be occurring increasingly in many different market spaces is defining an opportunity that directly impacts the current status quo and then seeking to make some radical moves to achieve that differentiation.

Design 189
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Inside-out versus outside-in strategy: Which is better for your business?

HYPE Innovation

As a passionate customer insight strategist, I tend to prefer an outside-in business strategy, meaning one that looks at customers’ latent or hidden needs and translates them into solutions that will serve them. In other words, a strategy that focuses on co-creating value together with your customers.

Strategy 297
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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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We Need To Learn How To Bridge Difference To Drive Creativity And Innovation

Digital Tonto

Our identity and sense of self drives a lot of what we see and do, yet we rarely examine these things because we spend most of our time with people who are a lot like us, who live in similar places and experience similar things. That’s why our innate perceptions and beliefs seem normal and those of others strange, because our social networks shape us that way.

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Five Unicorn Scaleup Strategies

Leapfrogging

Unicorns are privately held companies valued at $1 billion or more. Here’s the secret to Unicorn innovation. I had the chance to connect with a longtime friend and colleague, Matt May. He’s the author of numerous books and an expert on how lean principles can be used to drive innovation. His latest book, What a Unicorn Knows , is available on Amazon and reveals the secrets to building high growth startups.

Strategy 130
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Hyperfast Innovation By Crowdsourcing

IdeaScale

Crowdsourcing has emerged as a powerful tool to accelerate the timeline to innovative solutions. By leveraging the wisdom of the crowd and taking advantage of advances in technology, organizations can quickly leverage collective intelligence and user insights to drive and scale ideation. In this blog post, we’ll discuss what crowdsourcing for innovation is, the benefits [.

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Scott Kirsner & Alex Slawsby – Benchmarking Innovation Impact 2023: Podcast E164

Idea to Value

In today’s episode of the Idea to Value podcast , we speak with Innovation Leader management team of Scott Kirsner (previously on the podcast here ) and Alex Slawsby about the b reaking new InnoLead report “ Benchmarking Innovation Impact 2023 “ We cover the most important data on innovation teams, including the changes in appetite for different types of innovation projects based on the uncertainty in the coming 2023 economy.

Report 242
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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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Benchmarking Innovation Impact, from InnoLead

Paul Hobcraft

credit InnoLead and KPMG I have always welcomed the KPMG LLP-sponsored InnoLead benchmarking report; this is for the third year. I received a note from Scott Kirsner , who leads the team at Innolead, and he offered me a chance to read the report before its official release today at 12 PM ET time and suggested I can post anytime, so here goes. This report provides a definitive innovation benchmarking document for leaders in strategy, R&D, design, and other innovation roles inside large organi

Report 225
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Engaging complex networks: Solving problems that no one's thinking about

HYPE Innovation

We've all seen it. We've all experienced it. Most likely, we were in a group, a small team, or in some form of workshop. Maybe there was a little conflict. Two people looking at the same problem from different perspectives. They realize that they're both right but also wrong; from their perspective, they can only see part of the picture. Then the lightbulb goes on.

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3 Reasons Why Change Fails

Digital Tonto

People like to quote the ancient Greek philosopher Heraclitus, who said things like “the only constant is change” and “no man ever steps in the same river twice, for it's not the same river and he's not the same man.” They’re clever quotes and they give us confidence that the change we seek is not only possible, but inevitable. Yet while change in general may be inevitable, the prospects for any particular change initiative are decidedly poor and the failure to recognize that simple fact is why

Change 226
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ChatGPT on Business Innovation Ecosystems

Ecosystems4Innovating

Discussing with ChatGPT about Business Innovation Ecosystems, their value and progress

ChatGPT 237
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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 Unexpected Link Between Creativity and Happiness

IdeaScale

While necessity is often touted as being the mother of invention, innovative ideas aren’t only developed in times of need. A variety of studies have identified the link between happiness and creativity. The link between the two is one of the many reasons why a healthy organizational culture should be of greater priority. Let’s dive [.

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In 2023, let’s focus on the productive resilience of Nigerians

Christensen Institute

A country is never static. It is either growing or shrinking, rising or falling, and, perhaps most importantly, its people are either prospering or languishing. Unfortunately, Nigeria, over the past decade, has been shrinking, falling, and has seen its people languishing. In 2014, for instance, the country’s GDP per capita was $3,200. Today, it hovers around $2,000.

Policies 129
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Fears of those unknowns

Paul Hobcraft

The fear of the unknowns explodes upon those not ready When the established order begins to creak and dismantle, seemingly in front of our eyes, those fears of the unknown can kick in, especially if you have been used to managing in an established (slowly) evolving way for most, if not all, of your business life. We seem confronted with rapid change, and it is primarily within the business world related to technology and market uncertainty that is driving this.

LEAN 195
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The Four Main Types of Business Collaboration

HYPE Innovation

In the same way, you can never go backward to a slower computer, you can never go backward to a lessened state of connectedness.

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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

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Self-Righteousness Isn’t A Strategy

Digital Tonto

In The Righteous Mind, social psychologist Jonathan Haidt makes the point that many of our opinions are a product of our inclusion in a particular team. Because our judgments are so closely intertwined with our identity, contrary views can feel like an attack. So we feel the urge to lash out and silence opposition. That almost guarantees a failure to survive victory.

Strategy 194
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How to Be a Valuable Team Player During Times of Change: Strategies for Success

Tullio Siragusa

How to Be a Valuable Team Player During Times of Change: Strategies for Success In today’s constantly evolving business world, change is inevitable. Whether it’s a new project, a shift in leadership, or an overhaul of processes, change can be both exciting and challenging. As a team player, it’s important to understand how to navigate through these changes and support your team and leadership throughout the process.

Change 122
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Using Vision Boards to Innovate Better

IdeaScale

Creating a vision board is an effective way to promote innovation in any organization. They are also a secret to success for entrepreneurs across a variety of industries. Vision boards provide an excellent opportunity to brainstorm, set objectives, and visualize goals. They can also be utilized to maintain inspiration and track progress. Let’s dive into [.

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What the resurgence of cholera in Malawi teaches us about global development

Christensen Institute

Cholera is back in Malawi, the southeastern African country. And this time, the outbreak is worse than anything the country has ever experienced on record. More than 1,000 people have died and over 30,000 are infected. Malawi has appealed to the World Health Organization (WHO) for more than seven million oral cholera vaccines. Not much is known about when the vaccines will be delivered.

System 118
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How to Achieve Product-Market Fit

Speaker: Dan Olsen - Product Management Trainer and Consultant, Author, and Speaker

Everyone working on a product is trying to achieve the same goal: product-market fit. But most products fail to do so. In this webinar, product management expert Dan Olsen will share his simple but effective framework for achieving product-market fit from his book The Lean Product Playbook. He will explain his Product-Market Fit Pyramid and The Lean Product Process, a 6-step methodology that guides you through how to: Determine your target customer Identify underserved customer needs Define your

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Innovation Walkabouts we all need for learning and testing ourselves

Paul Hobcraft

photo credit: Walkabout (1971) film by Nicolas Roeg How often do you pause for thought, testing yourself, questioning even simply for ‘just those few minutes,’ to allow yourself to openly challenge where you are and what you are attempting to do? We keep relentlessly moving on, like a wandering herd of buffalo, always looking for fresh pasture, those new feeding grounds.

Learning 189
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Strategic Partnership Management

HYPE Innovation

Interestingly, financing is not the top reason for start-ups to pursue partnerships, or even among the top three.

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Generative AI Won’t Revolutionize Search — Yet

Harvard Business Review

There are major practical, technical, and legal challenges to overcome before tools like ChatGPT reach the scale, robustness, and reliability of Google.

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Lead Scoring in B2B Sales: Transforming the Process with Design Thinking

Tullio Siragusa

Lead Scoring in B2B Sales: Transforming the Process with Design Thinking Lead generation and qualification is a critical aspect of B2B sales success, but it’s also a time-consuming and complex process. With an abundance of leads, sales teams often struggle to determine which ones to prioritize and focus on, leading to wasted time and missed opportunities.

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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?