Sat.Jun 25, 2022 - Fri.Jul 01, 2022

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Why incremental innovation is so easy; disruptive is so difficult

Jeffrey Phillips

After years, no decades, of working in and on the margins of innovation, I think I had an epiphany recently. It's interesting to know that the more you work in a field, you become more aware of the things that you don't know, rather than confident in the things that you do know. For me, one epiphany that happened this week was when I was thinking about how valuable truly disruptive innovation is, and why it is done so rarely.

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Revolutions Don’t Begin With a Slogan, They Begin With A Cause

Digital Tonto

Ukrainian President Volodomyr Zelenski has been compared to great orators like Winston Churchill. In the English House of Commons, he vowed to fight “in the forests, in the fields, on the shores, in. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Breakthrough Innovation vs. Disruptive Innovation

IdeaScale

Aren’t breakthrough innovation and disruptive innovation the same thing? It’s a common question when building innovation strategy. After all, the car, the telephone, the smartphone, the electric car, the solar panel, weren’t these all breakthroughs that were also disruptive? In a sense, yes. But it’s the context of the innovation that’s important. What Is Breakthrough Innovation?

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The Eight P Plan for Success

Destination Innovation

Let’s say that you are overloaded, overworked and under pressure. You are struggling to cope. This could be at a personal level with private projects or it could be at work where your team is having difficulties with business challenges. Try this eight point plan which will help you. Pause. Stop what you are doing. Take time to assess where you are and what you are trying to achieve.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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How to Lead Innovation and Embrace Innovative Leadership

Viima

Leaders are bombarded from all directions with advice on how to behave as leaders. It seems like we all know what it takes to lead innovation, at least in theory, yet the attention is mostly focused on famous innovators who oftentimes are the exceptions, rather than the rule. What’s more, we tend to forget that the greatest, most famous innovators, with all their qualities and contributions to the world, are not necessarily the best of leaders.

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What Is Idea Management?

InnovationManagement

Traditional innovation can only take your business so far, and without an evolution of processes, you might find it harder than ever to move new ideas forward. Introducing structures and systems to formulate, organize, and act upon new ideas is one of the best ways to optimize internal innovation. This practice is better known as idea management, and in this article we will define and discuss idea management in full.

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i3: A market-creating initiative for African healthcare innovators

Christensen Institute

Picture someone you love. Now imagine that person falls sick and cannot access the medicines they need to get better. This is the daily reality of hundreds of millions of Africans, where less than half the continent’s population has access to affordable medicines when they need them. This problem results in the unnecessary death of millions of Africans annually.

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Five new product development questions you should ask when launches fail to meet market expectations

Sopheon

When products fall short, it’s important to learn from mistakes and apply what you’ve learned to improve your new product development processes. Answering these five questions helps sort things out. The post Five new product development questions you should ask when launches fail to meet market expectations appeared first on Sopheon.

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Lean Transformation Steps for Operational Excellence

Kainexus

The Lean business methodology is based on the simple principle that organizations should strive to provide maximum value to the customer with as little waste as possible. The idea is simple, but it isn't easy. For most organizations, embracing Lean requires a significant culture shift and a new way of thinking about everything from leadership to everyday operations.

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What Jake and Flo Aren’t Telling Us: Disruptions Constantly Change the Insurance Industry

Daniel Burrus

Auto and home insurance bundles, umbrella policies, constant arguments about paying for healthcare (especially during a pandemic), and thousands of streaming and social commercial advertisements pushing different providers as being the best option for the average Joe and Jane. . Yes, we are talking about insurance and its many pros and cons. But what Flo from Progressive, the Geico Gecko, and the ever-popular Jake from State Farm may not be able to tell you is where the insurance industry is hea

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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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How Mark Cuban’s pharmacy can change how payers handle prescription coverage

Christensen Institute

In February, I wrote an Innovators Worth Watching blog highlighting Mark Cuban’s Cost Plus Drug Company , his new pharmaceutical venture selling generic medications at a fraction of the cost of other pharmacies. After putting his company to our six-question test, we concluded that Cuban’s online pharmacy could be a disruptive solution for individuals looking to fill prescriptions.

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Innovation Mindsets Assessment

InnovationTraining.org

For those of you looking for new and better ways of assessing and developing the innovative potential in your team, this blog post offers you my first-hand view of Innovation Mindsets TM – the new diagnostic instrument from Prof. Jeanne Liedtka and Treehouse Innovation. Based on a decade of research. In a world that’s flooded with assessment and measurement tools that tell you what kind of leader, innovator or person you are, it’s refreshing to see a new assessment that is backed by rigoro

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What Does the Latest Research on Innovation Management Software Reveal?

Viima

Our industry of innovation management software is quite an interesting one. It’s been around for a while, but it’s still not a mainstay that every organization would use, at least not in the same way as CRM and team communication software are. Hence, there’s quite little independent research available out there to prove its efficacy, or even for determining which parts of it are the most valuable.

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The 3 Student Entrepreneur Personas

Innovation Excellence

GUEST POST from Arlen Meyers, M.D. Healthcare professional schools, healthcare innovation and entrepreneurship education, and training programs are growing. However, one question is should they be required or elective? The medical student persona has changed in the past several years.

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How Retailers Are Transforming Customer Experiences with Data & 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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How Improvement Software Strengthens Lean Initiatives

Kainexus

The Lean approach to business management started when Toyota decided to retool its manufacturing practices to improve efficiency and quality simultaneously. Since then, the approach has gained traction globally and in almost every industry. Organizations have found it to be an effective method for reducing waste, spurring innovation, and encouraging employees to act on opportunities for improvement.

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Want Engaged Customers? Ditch the Fads and Embrace the Audio Trend

Entrepreneur - Innovation

Use these three ways to help your business leverage audio-based communication events for better buyer engagement.

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Revitalizing An Iconic American Market Leader: The Transformation Of GE Appliances

Bill Fischer

GE Appliances, once a cash-cow in GE's conglomerate portfolio, has been revitalized, following its acquisition by Haier, to become an independent, market-leading, entrepreneurial organization, following Haier's RenDanHeYi principles.

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How Networking Accelerates Growth

Innovation Excellence

GUEST POST from Douglas Ferguson As a leader, you’re likely aware that building a network takes time and work. Mentors and a network of peers are not easily established for jobs, professional growth, or business.

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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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Latest Energy Ideas

IdeaSpies

Energy is a very topical subject now and the news is mostly bad, related to the war in the Ukraine.

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Dog Days and Dynamite: New Takes on 4th of July Classics

Wellspring

The National Hot Dog and Sausage Council ( NHDSC ) reports that hot dogs are served in 95% of American households, estimating an astounding 20 billion eaten annually, boiling (no pun intended) down to about 70 dogs per person. The beloved classic is often associated with summer, amusement parks, drive-in movies and the fourth of July. But over the years, many have wondered if they could improve on this staple of Americana.

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How to Define the Right Search Criteria in Trend Scouting

ITONICS

Trends reflect changing consumer needs and behaviors over time. Knowing what trends may impact your business enables you to prepare and adapt to societal change. One of the most important activities in innovation management is the continuous interpretation and evaluation of trends. By understanding the human needs addressed throughout trends, companies can align their products and services to evolving markets.

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First Principles Are the Building Blocks of True Knowledge

Innovation Excellence

GUEST POST from Farnham Street First-principles thinking is one of the best ways to reverse-engineer complicated problems and unleash creative possibility.

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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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Understanding Microsoft Power Platform

Acuvate

What is Microsoft Power Platform? Microsoft Power Platform is a low-code interface and a family of products that leverage Microsoft’s business solutions in a seamlessly integrated platform. With the power platform, you can analyze data, build custom solutions, automate complex business processes, create virtual agents, and build data-driven apps with minimum code.

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11. To Compete or Not To Compete (part 2)

Stephen Shapiro

The final section of Tip 11 from Best Practices are Stupid. Please read the first two sections before reading this. Remember, this book was written a dozen years ago, so some concepts have evolved. The first two posts talked about competition vs collaboration, and the three downsides of traditional brainstorming. Now we move to some examples. Several years ago I wanted a new logo for my website and decided to crowdsource a design using 99 Designs.

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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Introducing the Magic Triangle of Business Models Every profit-oriented organization has a business model – its consistency, future ability and basic logic largely influence the overall success of an organization. However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general.

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What is Killing Capitalism in America?

Innovation Excellence

GUEST POST from Greg Satell There’s no doubt that capitalism in America is in bad shape.

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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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Digital Transformation Trends in Government for 2022

Acuvate

Digital transformation across industries is not a new concept. With digital technologies revamping old playbooks since the dawn of the millennium, enterprises have strived to make the most of IT and data modernization for impactful business outcomes. Time and again, there have been debates regarding the scope of digital transformation in the government sector and for public sector organizations.

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11. To Compete or Not To Compete (part 2)

Stephen Shapiro

Here is the continuation of Tip 11 from Best Practices are Stupid. Please read yesterday’s post before reading this. In it, I talked about competitions vs collaboration. Now we go to three downsides of traditional brainstorming (there are actually MANY more). There are several reasons traditional brainstorming sessions don’t work: 1. Serial Processing: If you have ten individuals in a group, only one can speak at any given time.

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Episode 098: What Can We Learn From Doctors and Their Creative Approaches to Disease?

Innovation in Practice

What can doctors teach us about creativity? People in the medical field actually have a lot of knowledge and experience around innovation. Why? Because they deal with uncertainty daily. Doctors often take risks and make decisions all in the face of uncertainty. To simply get their jobs done, they’ve got to get creative. In fact, uncertainty forces you to be creative.

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The Internet Is All Wrong

helloFUTURE

What is the true motivation behind the creation of the internet? Wasn’t it intended to link every human in the world to every other human on the planet, and maybe even lead us into a future where all people will be able to comprehend one another better? Instead, there is an overwhelming amount of marketing messages rather than actual communications.

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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.