June, 2023

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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?

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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

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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 211
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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.

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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an

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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 108
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The Power of the Right POS Platform

Business and Tech

Swapping out an outdated legacy point-of-sale solution sounds intimidating. But the benefits of a modern, cloud-based unified POS and payments platform can’t be ignored. Ana Wight General Manager of Retail, Lightspeed “When you integrate your payments with your commerce platform, you take out a lot of manual steps, a lot of errors.” The world is enduring a period of economic uncertainty — 85% of U.S. small businesses are concerned about a looming recession, according to the Small Business &

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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

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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.

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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.

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Expectation can Improve Creativity

Destination Innovation

In his book, The Expectation Effect , David Robson produces a wealth of research to demonstrate that our expectations have remarkable power to influence the mind and the body. People who believe ageing brings wisdom live longer than those who do not. Lucky charms really can improve the performance of athletes. Even when people know that the pill they are taking is a placebo, their health benefits.

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The Product Symphony: Orchestrating Success with Storymapping

Speaker: Jamie Bernard - Senior Product Director at Launch by NTT Data

In today’s dynamic business landscape, successful product management hinges on a keen understanding of customer needs and market dynamics. Storymapping emerges as an invaluable pre-investment tool, enabling smarter decision-making, more accurate resource allocation, and enhanced scope control. It serves as a catalyst to better align your entire organization, setting the stage for impactful, customer-centric product management.

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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
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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 [.

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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

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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 186
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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Evidence that children are more creative than adults (and the opposite)

Idea to Value

There is an old adage that children are more creative than adults. That in order to become more creative, you should reconnect with your “inner child” Yet what does the science and research say? Are children really more creative than adults? The answer is a little complicated. How children are more creative than adults Numerous research studies have found that children can be much more creative than adults in certain instances.

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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 140
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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.

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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
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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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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

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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 172
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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.

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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 136
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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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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
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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.

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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.

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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.

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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.

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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.

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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 133
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Work Hard, Play Hard: The Scaling Coach Shares Tips for Building a Better Business

Business and Tech

Bill Gallagher, AKA the Scaling Coach , is a keynote speaker and entrepreneur who helps fellow founders and CEOs grow their businesses sustainably, often through fostering more productive and more positive environments. We asked him about some of the keys to creating a better workplace environment, and how to overcome the growing pains inherent in running a successful business.

Tips 244
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What is Radical Innovation? Definition, Examples, Process and Best Practices

IdeaScale

What is Radical Innovation? Radical innovation is defined as a significant and transformative breakthrough in technology, business models, processes, or products that creates a substantial shift in industry or society. It involves introducing revolutionary ideas, concepts, or approaches that challenge existing norms, disrupt markets, and often result in groundbreaking advancements.

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2 Retail Sectors That Are Completely Changing the Game: FMCG & Q-Commerce

Speaker: Joe Heather, Deliverect GM (UK&I)

Fast-Moving Consumer Goods (FMCG) and Quick Commerce (Q-commerce) are two vibrant sectors that have undergone significant transformations with the advancements in digital technology. With growing internet penetration and the proliferation of smartphones, consumers' purchasing habits have unsurprisingly evolved. They now demand quick, convenient, and seamless shopping experiences, which both FMCG and Q-commerce sectors strive to provide.