June, 2023

article thumbnail

10 Key Strategies to Get the Most Out of Your Idea Management Program

HYPE Innovation

In today's competitive business environment, effective idea management is essential for driving innovation and staying ahead of the competition. But how can you ensure that your idea campaigns are producing results?

article thumbnail

Gaining a Different Perspective on Innovation through Platforms, Blocks, and Stack Designs

Paul Hobcraft

Innovation is a complex process that requires effective connections and collaborations among individuals and teams. Stepping back, I want to draw down on a series of perspectives I have found invaluable to me. A very inspirational article by Larry Schmitt on the Innovation Stack, the depth of work that Sangeet Paul Choudary has explored around Platforms and his Building Block Thesis built out further on numerous views have been researched for building out innovation stacks, building blocks, and

Design 182
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Things I’ve Learned About Ideas

Digital Tonto

One of the toughest things about ideas is that they can only be validated forward, never backward. You never know if you have the right idea until it’s been tested in the real world and, even then, there could be some confounding factor you may be missing. As Kevin Ashton put it, “Creation is a long journey, where most turns are wrong and most ends are dead.

Learning 203
article thumbnail

Egocentric Bias: Why your thoughts matter more to you than anyone else

Idea to Value

Have you ever had a situation where you felt like you were not getting the credit you deserve for your contributions? Or have you ever wondered how other people seem to not understand how good an idea that you had was? Then you might be suffering from a cognitive bias known as the Egocentric Bias. What is the Egocentric Bias? Egocentric bias is the tendency for people to rely too heavily on one’s own perspective, and/or have a higher opinion of oneself than is actually true.

Study 176
article thumbnail

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 Manually capturing, extracting, and processing data within documents is a costly and outdated practice that’s holding your company back.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.

article thumbnail

3 Steps to Prepare Your Culture for AI

Harvard Business Review

The platform shift to AI is well underway. And while it holds the promise of transforming work and giving organizations a competitive advantage, realizing those benefits isn’t possible without a culture that embraces curiosity, failure, and learning. Leaders are uniquely positioned to foster this culture within their organizations today in order to set their teams up for success in the future.

Culture 106

More Trending

article thumbnail

What is Idea Management? Definition, Process and Best Practices

IdeaScale

What is Idea Management? Idea management is defined as the process of capturing, organizing, evaluating, and implementing ideas within an organization. It involves creating a structured system to gather ideas from employees, customers, or other stakeholders, and then systematically reviewing and selecting the most promising ideas for further development or implementation.

article thumbnail

The Potential Returns of the Composable Innovation Enterprise Framework

Paul Hobcraft

I proposed a new Framework for managing innovation this week, called the Composable Innovation Enterprise Framework. This is approaching innovation and its management in more of a holistic, technology-enabled way based on the use of a cloud-enabled Platform and Ecosystem thinking and design. The thrust of the framework is “ Organizations can create a more comprehensive and effective innovation ecosystem by utilizing building blocks as components of the innovation stack, guiding platform de

Agile 182
article thumbnail

Innovation Should Serve People, Not The Other Way Around

Digital Tonto

These days, innovation has become, far too often, solipsistic and self-referential, pursued for the glory of the innovators themselves rather than for the benefit of anyone else and there is increasing evidence the venture-funded entrepreneurship model is crowding out more productive investments. We need to move away from hype and focus on impact. Because digital technology has become so pervasive, offering a substantial architecture that lends itself to tweaking, we’ve lost the plot.

article thumbnail

Nick Skillicorn selected as the #1 thought leader on Creativity

Idea to Value

I just wanted to share some quick news. I was honoured to find out that I was recently selected by Thinkers 360 as their #1 Thought Leader and Influencer on the topic of Creativity.

article thumbnail

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.

article thumbnail

How to Create an Impactful Innovation Environment

HYPE Innovation

The culture and atmosphere in a team can either stimulate a spirit of innovation or destroy the thirst for it. How can you create and positively influence your organization's innovation environment to foster collaboration and interaction and ensure you maximize the potential for success?

How To 130
article thumbnail

How Melinda Emerson Is Educating and Empowering America’s Entrepreneurs

Business and Tech

Melinda Emerson, AKA SmallBizLady , is a leading expert on small business and becoming your own boss. We asked her about the current climate for entrepreneurs looking to start their own businesses and any advice she had for those looking to forge their own path in the business world. Now that COVID is pretty much in the rearview mirror, is this a good time for budding entrepreneurs to take the leap and start their own businesses?

Marketing 246
article thumbnail

What is Incremental Innovation? Definition, Examples, Process and Best Practices

IdeaScale

What is Incremental Innovation? Incremental innovation is defined as the continuous improvement and advancement of existing products, processes, or services within an organization. It involves making small, gradual changes or enhancements to existing offerings to enhance their performance, functionality, efficiency, or user experience. Unlike radical or disruptive innovation that introduces completely new and [.

Examples 130
article thumbnail

Visualizing the Composable Innovation Enterprise Framework

Paul Hobcraft

After a series of posts introducing and explaining the thinking and design behind the Composable Innovation Enterprise Framework, I thought it would be a good idea to put this into a sequence of visuals that should take you through this to provide a decent understanding of its make-up and logic. Organizations in today’s business environment need to adapt rapidly and dynamically, have the need to bring the innovation management process into a constant technological advancement, and be more tailor

article thumbnail

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.

article thumbnail

Why Change Does NOT Have To Start At The Top

Digital Tonto

The simple truth is that change rarely, if ever, starts at the top because it is people with power that create the status quo. They are attached to what they’ve built and take pride in their accomplishments, just like the rest of us. That’s why, to bring about genuine change, you need to mobilize people to influence institutions. At a pivotal moment during the height of the civil rights movement, Robert Kennedy, Attorney General of the United States and brother to the President, would turn to th

Change 178
article thumbnail

Can creativity training really improve your creativity?

Idea to Value

Some people still debate whether creativity is something which only certain people are born with, or whether it can be developed in everyone. Well, we have already previously seen that creativity is determined more by our nurture (upbringing) than by our nature (genes we are born with). However, we have also seen that children appear to be more creative than adults , and that divergent thinking creativity rates fall as we age.

Training 211
article thumbnail

Why Chief Data and AI Officers Are Set Up to Fail

Harvard Business Review

With the explosion of generative AI and other powerful new data tools, chief data and artificial intelligence officers (CDAIOs) are more important than ever as companies navigate this new landscape. Too many, however, are set up to fail by poor alignment, lack of trust, not enough focus on business opportunities, and how their job is understood internally.

Data 137
article thumbnail

How Dental and Vision Benefits Help Employees and Their Families

Business and Tech

A lack of dental and vision care can affect overall employee well-being. And companies, both large and small, also feel the impact with lowered productivity levels — as well as negative effects on employee retention and attendance. Just consider this alarming statistic from the Centers for Disease Control and Prevention (CDC): “More than $45 billion in productivity is lost each year as a result of dental emergencies requiring unplanned care.

article thumbnail

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

article thumbnail

What is Product Ideation? Definition, Process and Best Practices

IdeaScale

What is Product Ideation? Product ideation is defined as the process of generating, developing, and refining new product ideas with the aim of addressing customer needs, solving problems, or offering unique value propositions. It involves activities such as brainstorming, market research, trend analysis, and user feedback collection to generate a wide range of [.

Ideation 130
article thumbnail

The implementation of the Composable Innovation Enterprise Framework?

Paul Hobcraft

How difficult would it be to embrace this Composable Innovation Enterprise Framework, as it is often argued that most people want to keep innovation management and its process simple? I wonder if that is the current incumbents, be these current innovation management software providers or individuals inside the organizations resisting change, as it brings significant uncertainty of change and disruption to the (inadequate) process, one that I feel is not fit for today’s and tomorrow’s

article thumbnail

Change Starts With Empathy (Even For Your Enemies). Here’s Why:

Digital Tonto

As I explained in CASCADES, there were myriad reasons for #Occupy’s failure. One of the gravest errors, however, was the insistence on ideological purity and the lack of any effort to understand those who had different ideas from their own. If you expect to bring change about, you need to attract, rather than overpower. Empathy is a good place to start.

Change 162
article thumbnail

Endowment Effect: Why people value what they currently have

Idea to Value

Have you ever wanted to buy something, but the person selling wanted more than you thought it was worth? That person might have been suffering from the Endowment Effect. The Endowment Effect is a cognitive bias where people who own a good to value it more than people who do not. It was popularised by the work of Daniel Kahneman, Jack Knetch and Richard Thaler, especially their 1990 research.

Examples 211
article thumbnail

From Whims to Wins: How a Customer-Centric Portfolio Transforms Product Strategy

Speaker: John Mansour - President, Product Management University

You know that sinking feeling. You’ve come up with a winning product strategy, everyone’s on board and energized, and you’re halfway down the path to execution only to have it submarined by something someone convinced your leadership was more strategic! It’s a scenario that’s all too familiar, and it exemplifies one of the biggest struggles with individual product strategies.

article thumbnail

Your Data Strategy Needs to Include Everyone

Harvard Business Review

An entirely new “management paradigm” for data is needed. As used here, a “management paradigm” embodies a common language, a holistic vision of the ways data should contribute, a clearly defined organizational structure showing how data integrates across the organization, along with clear roles and responsibilities for all involved. Eventually, it needs to incorporate corporate culture, relationships with universities and vendors, policy, and anything else that advances, or holds back the effec

Data 137
article thumbnail

Why Small Businesses Should Prioritize CSR Right Now

Business and Tech

Carolyn Berkowitz is the president and CEO of the Association of Corporate Citizenship Professionals (ACCP), which advocates for corporate social impact professionals. We talked to her about why businesses should be a force for social and economic good, and how organizations with fewer than 500 employees can develop and implement policies to achieve this goal.

Policies 245
article thumbnail

What is Product Innovation? Definition, Types, Examples and Strategy Best Practices

IdeaScale

What is Product Innovation? Product innovation is defined as the creation and development of new or improved products, services, or processes by a company or organization. It involves introducing novel ideas, technologies, features, or designs that provide added value to customers and differentiate the product from existing offerings in the market.

article thumbnail

The Final Perspective: A Composable Innovation Enterprise Framework

Paul Hobcraft

In my view any new approach to innovation needs to aim to achieve interdependent and interlocking innovation, solving problems that have not been addressed before and offering sustainable value, impact, and returns to all involved or significantly improving on the existing solutions. Today we are missing a comprehensive structure or innovation process to achieve this, we need a radically different approach to managing innovation.

article thumbnail

How Intent Data Helps Marketers Convert A-List Accounts

One of the biggest challenges for any B2B marketer is understanding your prospects’ next move — who is most likely to buy and when. Without these insights, marketing campaigns can feel more like guesswork, with high investment and little return. We’re here to tell you there’s a better way. By tracking buyers’ digital footprints and online activity, such as website visits, product reviews, and spikes in content consumption, you can engage prospects with a message that really resonates.

article thumbnail

How Ajay Banga can “write a new playbook” and become the World Bank’s most consequential President

Christensen Institute

In fewer than five years, the World Bank has cycled through three Presidents. Jim Yong Kim left the bank abruptly in 2019 (a move that necessitated Kristalina Georgieva to serve as acting President for two months); David Malpass didn’t finish his first five-year tenure and left in June, 2023; and now, Ajay Banga, the former CEO of Mastercard Inc., sits at the helm of the world’s most prominent development institution.

article thumbnail

The secret to how galleries decide which artists to promote

Idea to Value

Have you ever wondered why some artists can work their whole lives while never getting any recognition, while others seem to be selling their works for millions of dollars? What is the difference between them? Well, according to this informative video , it may all come down to the connections you have, which galleries are showcasing your work, and what connections those galleries have to each other.

Video 201
article thumbnail

Companies That Replace People with AI Will Get Left Behind

Harvard Business Review

Companies are integrating AI into their operations so quickly that job losses are likely to mount before the gains arrive. White-collar workers might be especially vulnerable in the short-term.The speed of this adoption presents an opportunity for companies to step up their pace of innovation, however — and if enough companies to go on offensive, then we won’t have to worry about AI unemployment.

Company 135