September, 2022

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Status Bias Inhibits Innovation

Destination Innovation

Status bias is the term used to describe the unfortunate fact that communications such as ideas, proposals and papers are often judged not on their merits but on the status of the originator. Researchers at the University of Innsbruck in Austria carried out a study in which they sent out the same academic paper to three groups of reviewers. The first set of reviewers were told the paper was written by Vernon Smith, winner of the Nobel Memorial prize for Economic Studies.

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Potemkin villages and faking innovation

Idea to Value

Sometimes, innovation teams will attempt to show fake success in order to hide their real struggles. Have you ever heard of a Potemkin village? According to historical stories, in 1787 Prince Grigory Aleksandrovich Potemkin-Tauricheski of Russia was tasked with settling more Russians into the land of Crimea, which at that time had just been annexed from the Ottoman Empire in 1783.

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Building out our innovation ecosystem in design and thinking

Paul Hobcraft

Finding the new building blocks of innovation ecosystem design and thinking. Why change our thinking and designing around innovation ecosystems?“. For me, ecosystem thinking and design offer fresh ways for accelerating mutual learning, and through this innovation, outcome potential for sharing and knowledge building. As we build an understanding of the power of digital platforms and ecosystem thinking, we can see gains and new values and realize different opportunities denied to us in the past b

Design 208
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Change Isn’t About Persuasion. It’s About Power

Digital Tonto

In 2013, the political scientist Moisés Naím published The End of Power, in which he argued that because of the increase in mobility and technology and decrease in poverty, the power of institutions was diminishing. Power hadn’t ended exactly but, as he put it, power was becoming “easier to gain but harder to use or keep.”. However, in his more recent book, The Revenge of Power, Naim points out that autocrats, governments, corporations and other institutions have been able to combine hard power,

Change 238
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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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Sustainable Practices Start From the Ground Up

Business and Tech

We talked to Blue Diamond Grower’s director of sustainability about how (and why) more businesses should pursue green initiatives. Dan Sonke Director of Sustainability, Blue Diamond Growers. Why is it important for businesses to adopt more sustainable practices? It has become cliched to say that we pursue sustainability because “it’s the right thing to do.

System 246
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How Can I Support You: Leading Through Purposeful Communication

CMOE

Words hold implications and meanings that exist outside of their dictionary definitions. Although the words “team member” and “employee” can technically be synonymous, they have different meanings and feelings attached to them. The way that you discuss people and situations inherently affects how you and others approach and understand what you were talking about.

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When innovation is most important

Jeffrey Phillips

I don't know why, but I am a huge fan of Monty Python. Perhaps my favorite film of theirs is the Search for the Holy Grail. If you've never seen it, take a few minutes to watch it now. I'll wait. Some of my favorite parts are the over-the-top instances in the film where, for instance, the Black Knight has his arm cut off but insists on fighting. He claims "it's only a flesh wound".

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9 Essential Principles to Create, Innovate, and Sustain

Faisal Hoque

How to work with yourself and others. The newest problems of the world find solutions in the oldest timeless practices like mindfulness, authenticity, and devotion.

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Dating Apps love Innovation

Destination Innovation

Today some 40% of heterosexual couples and 60% of same-sex couples meet online according to a survey by sociologists Michael Rosenfeld and Sonia Hausen of Stanford University. [i] Dating apps have become the preferred way to meet for people wanting relationships. Computer dating started in 1965 when a group of Harvard students created Operation Match, a mainframe programme which asked users to fill in questionnaires about themselves and their interests.

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Saving Money While Saving the Planet

Business and Tech

Capstone Green Energy helps organizations save money and reduce their carbon footprints by strategizing and executing more sustainable energy solutions. Capstone president and CEO Darren Jamison offered his insights into why going green is good for business. Darren Jamison President and CEO, Capstone Green Energy. Does adopting sustainable practices and technologies make good business sense?

Study 246
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From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, 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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Innovation Passion led me here

Paul Hobcraft

Having an innovating passion. So many multiple strands constantly need to be pulled together to build a complete innovation picture. We need to build theories, explore multiple connections, and build continuously on the patterns, the signals, and the interactions by extracting from all the different ‘cells’ of knowledge we all possess, which makes the application of innovation often highly unique to each of us.

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Sometimes, flat hierarchies can hurt innovation in Start-ups

Idea to Value

It is common to hear Start-ups talk about the desire to keep hierarchies “flat” This means they do not want multiple layers of management, bureaucracy and red tape getting in the way of people actually doing their most innovative work. Instead, in a flat organisation everyone is more or less on the same level and can therefore organise themselves and prioritise their own work.

Project 307
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Why We’re Better Off Assuming People Are Competent And Hardworking

Digital Tonto

We all like to imagine ourselves as heroes in our own story. Unlike others, we are witnesses to our internal process and get to observe our logic develop. So our thoughts makes perfect sense to us and it can be incredibly frustrating when others don’t see it as we do. Our inclination is to imagine them to be fools, simply incapable of grasping basic concepts.

Marketing 221
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Private: The Key Drivers of Organizational Innovation

IdeaScale

Innovation has become a buzzword that’s associated with a variety of misconceptions. One of which is that innovation is a personality type. Without a doubt, some innovators are high-energy extroverts. However, most disrupters and innovators are everyday team members. Most importantly, not every out-of-the-box thinker can successfully innovate in all settings.

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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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The most important words Bill Gates wrote in the Goalkeepers report?

Christensen Institute

“The goal [of food aid] should not simply be giving more food aid. It should be to ensure no aid is needed in the first place. ”. – Bill Gates, 2022 Goalkeepers Report. (Emphasis Gates’). In my view, those words in the most recent Goalkeepers report, are the most important Gates wrote in the annual update. . The brilliance of the words is masked in its simplicity.

Report 145
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Moving the Skilled Trades Industry Forward

Business and Tech

In the late part of the 20th century, the skilled trades were thriving. As soldiers returned from war and families were growing at a rapid pace, infrastructure also boomed, which led to high demand for a workforce of men and women to support those industry needs. In schools across the country, classes like wood shop and mechanics were offered to students, providing skill that would afford them the opportunity to work, be successful, and proud.

Industry 246
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Please, we need a different Innovation narrative

Paul Hobcraft

Adapted from AFSC explaining a narrative, in this case, social justice. I have been struggling for quite some time with innovation’s increasing difficulties in influencing growth and achieving real impact. I see many comments on the failure of innovation, in its inability to be at the core of an organization’s ambitions for growing and changing.

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Todd Henry: Developing a Daily Creative practice – Idea to Value Podcast S7E163

Idea to Value

In today’s episode of the Idea to Value podcast , we speak again with author Todd Henry about his new book Daily Creative. By the time this podcast launches, the book has already been #1 on Amazon, so congratulations Todd. You may remember Todd from the previous podcast interview where we talked about the Motivation Code. Today we talk about what it takes to make creativity a daily exercise and how to make it more actionable and productive.

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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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Schwerpunkt: The Killer Strategic Concept You’ve Never Heard Of (But Really Need To Know!)

Digital Tonto

The biggest strategic mistake you can make is to try and win everywhere at once. To win, you need to prevail in the decisive battles, not the irrelevant skirmishes. That, in essence, is the principle of Schwerpunkt—to identify a focal point where you can direct your resources and efforts. When Steve Jobs returned to Apple, computer companies were duking it out in the PC market, yet he identified digital music players as his Schwerpunkt and the iPod made Apple a serious player.

Strategy 172
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Regaining your Curious Nature

IdeaScale

Curiosity is an instinctive impulse that is at the root of all innovation. It’s a trait celebrated as infants, but something many of us begin to exchange for conformity as early as two-years-old. This conformity isn’t just social, but intellectual, as we are expected to process information in methods that aren’t natural for everyone. At-home [.].

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What Somalia’s Impending Famine Teaches Us About Addressing Donor Fatigue

Christensen Institute

Another famine is happening in Somalia. Exacerbated by drought, displacement, and the Russia-Ukraine war, millions of people are starving, but much of the world is focused elsewhere–Ukraine. While the U.S Congress approved $7.5 billion in economic aid for Ukraine in June and an additional $3 billion in new military aid late August, international assistance for Somalia has raised just 67% of the United Nations’ $1.5 billion appeal to help the country and its East African neighbors.

Policies 140
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To Beat the Workforce Shortage, Reimagine the Workforce

Business and Tech

What we think about when picturing a specific industry may be perpetuating biases and excluding parts of the workforce. Apprenticeship and Nontraditional Employment for Women (ANEW) and other pre-apprenticeship programs around the country have been successfully placing women in the construction trades for over 40 years. Although women make up only 3% of construction workers on the tools, in Seattle and Boston, where this programming exists, women make up almost 10%.

Training 246
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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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7 Signs of Team Disconnect

CMOE

Did you know that 5 in 6 employees feel disconnected at work? The reality is that any employee can struggle with connecting with their work teams, no matter what their schedules, occupations, and backgrounds are and regardless of whether they are working remotely, in house, or on a hybrid model. So, how can companies ensure that there is more engagement in work teams?

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If It’s Lonely at the Top – Find the Right Peer Advisory Group

Innovators Alliance

The past few years have been rocky for businesses. Navigating the pandemic and the ensuing economic upheaval, you’ve probably faced critical decisions relating to managing staff, service relationships, supply chain issues and more. On your own. You desperately wanted sage advice while pondering tough choices that you just couldn’t discuss with anyone on your team.

Groups 105
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3 Reasons Why Business Thinking Is So Consistently Shoddy

Digital Tonto

When I’m finishing up a book, I send out sections to be fact-checked by experts and those who have first-person knowledge of events. I’m always amazed at how much I get wrong. In some cases, I make truly egregious errors about facts I should have known (or did know, but failed to take into account). It can be an incredibly humbling process. That’s why it's so important to not to believe everything you think, there are simply too many ways to get things wrong.

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Striking Gold: The $40m Idea Unearthed Through Crowdsourcing

Qmarkets

Hochschild Mining is a leading silver and gold mining company based in Lima, Peru. In business for over a century, the company continues to be run by the Hochschild family to this day. In 2020 alone, it produced almost 10m ounces of silver and 175k ounces of gold from its three active mines across South America. Hochschild ’s innovation initiatives are focused on optimizing its current operations through continuous improvement, with a particular focus on corporate responsibility.

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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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Making people, and the environment, healthier

Christensen Institute

Picture this scenario. An older man goes to urgent care with a persistent, painful cough. After listening to his cough and his breathing, the doctor recommends going to the hospital for imaging. From there, it’s recommended he get a lung biopsy. The biopsy confirmed the man’s fear: he had lung cancer. He was confused, for he was generally healthy and had never smoked in his life.

Design 116
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The Hidden Epidemic of Sleep Deprivation

Business and Tech

Sleep deprivation is more than an inconvenience — it’s a serious health risk. Our attitudes towards sleep need a revolution. Sleep is deeply misunderstood. Many people mistakenly believe foregoing sleep in order to gain extra working hours carries minor risks — when in fact getting less than six hours of sleep at night strongly correlates with a higher risk of several chronic conditions, including high blood pressure, diabetes, stroke, and dementia.

Survey 246
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The Problem(s) with checklists

Sopheon

With an increase in the number of stakeholders involved in innovation and product planning across the organization, the need for a complete innovation management system rises. The post The Problem(s) with checklists appeared first on Sopheon.

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Five Agtech Opportunities Ripe for Development

Wellspring

From virtual farming to cattle tracking to mitigating harmful pesticides and so much more, agtech is growing at a faster pace than ever. Given farming’s long history as an industry of mature markets, it’s about time for disruption. From surging consumer demand for plant-based protein to the push for more sustainable methods of production, traditional agricultural methods are evolving quickly.

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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.