Sat.May 28, 2022 - Fri.Jun 03, 2022

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The 3 Most Common Excuses for a Lack of Innovation – and How You Can Conquer Them

Entrepreneur - Innovation

Below are three everyday excuses you may hear in your own organisation that may make your hairs stand on end, and set alarm-bells ringing. Included are some tips on how you can make excuses a thing of the past, while creating real innovation for the future.

Tips 104
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When does it make sense to automate?

Idea to Value

Innovation teams often see a problem and think that the most effective thing to do is to create a solution for it. Often, this involves developing a solution that automates a task that previously had to be done manually by someone, or at least makes the activity significantly more efficient. However, sometimes the time, effort and resources spent developing the solution to fix what in reality is a minor problem can be significant.

Software 227
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Summer Reading List: Books That Will Help You Understand The War In Ukraine

Digital Tonto

No matter what’s going on during the year, I always look forward to summer. I love the heat and, despite spending 15 years in frigid Eastern European countries, I hate the cold. Every year I. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Maintain and extend or create something new - where do you want to be?

Jeffrey Phillips

One of my favorite questions when I work with software teams is this: given a choice, would you rather work on existing systems in a support and maintenance role, or would you rather work on developing or implementing new systems with new technology? The answers are always the same. About 30% of the group I'll survey is comfortable with the existing systems and code and is happy extending it and maintaining it.

Survey 130
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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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Design Thinking Applied to Re-Organizations

Tullio Siragusa

Design Thinking Applied to Re-Organizations. Reorganizing a company to solve complex problems, introduce innovation, improve business operations, and identify market opportunities requires design. Design Thinking can be used as a tool to transform or reorganize a company to identify innovative solutions to current problems. The increasing rate of complex technology and business systems requires a creative workforce to continuously make improvements and sustain growth.

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The simple (and advanced) tools i use to run an online business on auto-pilot

Idea to Value

One of the most common questions I am asked is what tools I use to manage my successful online business. Considering I am constantly giving advice on the ways that companies can improve their innovativeness, and people can come up with new business models and business ideas based on their creativity. So, I wanted to provide a simple list of all the tools that I personally use on a day-to-day basis to run a successful online business.

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Infographic: Transforming Health Care Business Models

Christensen Institute

Health care executives know that how they get paid is evolving. And as part of the pressure to move towards value, they are seeking to address drivers of health (DOH) – also known as social determinants of health – as part of their care models. But what leaders may not know is that trying to address DOH from within their current business models will be a harsh lesson in failure.

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We need MD/MBEs not MD/MBAs

Innovation Excellence

GUEST POST from Arlen Meyers, M.D. The number of MD/MBAs graduating from medical schools continues to expand with about 5% of the roughly 20,000 US medical student graduates having dual degrees.

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Groupthink

Idea to Value

Have you ever been in a group discussion, where it seems like a decision was made that nobody actually thought was ideal? You might have just witnessed a psychological bias known as groupthink. Groupthink occurs when a group of people need to make a decision, and due to the pressure of not creating conflict between the group members and a desire for harmony, come to an irrational or dysfunctional decision.

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Driving Innovation Midst of Global Disruption

Faisal Hoque

How business growth, impact, and empowerment can be created through data collection, data sharing, and creative collaborations.

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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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Behind Khan Academy and Arizona State University’s Khan World School launch

Christensen Institute

The Khan Academy and Arizona State University Prep Digital’s partnership to launch the Khan World School, a virtual school for high schoolers, brings together two powerhouses in digital learning with the promise of creating a breakthrough schooling model. With the start of the COVID-19 pandemic and the rush to virtual schooling—or what some have termed emergency remote schooling—the results have been unsurprisingly poor.

LEAN 98
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7 Ways to Innovate Like a Farmer For Sustaining Innovation

PlanBox Innovation

This article originally appeared on Forbes. Farmers are resilient folks with a long history of innovation. The slightest fluctuation in the environment can drastically alter the nature of their work, such that anything can happen at any time. To overcome such uncertainty, creativity and adaptivity are requisites, which is a key lesson for anyone playing a critical role in innovation management.

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Learning from the Failure of Quibi

Innovation Excellence

GUEST POST from Greg Satell In 2018, Steve Blank wrote a piece in Harvard Business Review questioning the viability of the “lean startup” model. Given that Steve had pioneered lean startup techniques, I was intrigued.

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4 Ways to Drive Growth-Unlocking Internal Innovation in Your Organization

Entrepreneur - Innovation

Internal innovation is key to building a growth-enabled company. Here are four steps that must be taken to achieve that.

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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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Micromanaging higher ed won’t help students

Christensen Institute

Education wonks in Washington have once again worked themselves in a tizzy trying to micromanage how colleges and universities serve students. Rather than waste time trying to create universal rules and regulations to govern how universities should operate and what contracts they may or may not enter into, regulators should instead focus on actually helping students.

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What is Lean? A Basic Definition of Lean Manufacturing

Kainexus

Lean manufacturing , also known as Lean management, or Lean Six Sigma, is a structured business improvement method that helps organizations achieve their short and long-term strategic goals and objectives. The approach started in the manufacturing sector, hence the name, but it is now widely used by all types of organizations. Lean manufacturing tools and techniques are used in organizations as diverse as software development, education, healthcare, and construction.

LEAN 73
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Harnessing the Dragons of your Imagination for Innovation

Innovation Excellence

The harder I try not to think of myself as an artist, the stronger I’m pulled back to the idea that even if my art is a little different than traditional drawing, painting, photography, music, dance and other traditional arts, … Continue reading →

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The “Fake News Crisis” and 4 Ways to Combat It

Faisal Hoque

Fake news in its varied forms is costing the global economy some $78 billion a year.

Industry 105
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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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Can Blockchain Help Fix Broken Supply Chains in 2022?

Entrepreneur - Innovation

Blockchain in Supply Chain was a hot topic - then fell very quiet. Where is it today?

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Benefits, Tools, & Examples of the Lean Business Model

Kainexus

The Lean business model is about making continuous improvements to business operations and implementing processes that result in optimum business efficiency. The desired results are reached by removing ineffective processes, identifying and eliminating unprofitable products, and improving team productivity. The Lean approach is sometimes referred to as operational excellence or continuous improvement.

LEAN 67
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Five Keys to Leading Creative Teams Successfully

Innovation Excellence

GUEST POST from David Burkus Creativity is a team sport. It’s been that way for a long time. But the level of teamwork required to solve problems and find innovation has increased over the last decade and even century.

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What Every CEO Must Know About 4IR

Faisal Hoque

Developed nations can expect to see job loss rates of up to 47 percent within the next 25 years. [Source: University of Oxford Study].

Study 75
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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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How to Define Clear Innovation Objectives and Goals

ITONICS

Gartner states: “Every innovation program needs well-developed objectives and goals to improve specific innovation ability and leverage innovation capabilities.” This article looks at how you can define and establish these goals and objectives, closely examining the “Composition of a SMART Business Goal” according to Gartner ®.

How To 69
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Drift Happens: Strategic Drift and What to Do About It

Planview

As executives, we tend to spend a lot of our time and energy on setting strategy – the direction in which we want the figurative ship to go. We search for inspiration, high upon the mountaintops, and emerge only after we have a direction we feel confident in sharing with the company at large. But the real challenge isn’t in setting the strategy – it’s in keeping the ship on course, over time, especially as conditions change.

Course 52
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Good Design Makes Technology Disappear

Innovation Excellence

The late Clayton Christensen wrote a little book called The Innovator’s Dilemma that many of you I’m sure have read.

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Digital Transformation: Rebuilding an Outdated Construction Industry

Cascade Strategy

It’s no secret that the engineering and construction industry is a major powerhouse of the global economy. Representing 13% of the total global GDP , the construction industry is under constant pressure to innovate, become more efficient, and address cost pressures. The COVID-19 pandemic has created unprecedented challenges and has forced industry leaders to rethink the way they approach technology.

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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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How the right innovation management solution can increase company collaboration

Sopheon

Cross-functional collaboration doesn’t just happen. It requires repeatable processes and the right innovation management solutions. The post How the right innovation management solution can increase company collaboration appeared first on Sopheon.

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Innovation Arms Race: The Invisible Risk

Phil McKinney

The innovation arms race is the race to be the most innovative company in the world. It's a competition where the prize is market share, customers, and profits. And the cost of entry is high. This is a competition where there is no finish line. To compete, companies must invest heavily in R&D. But not […].

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It is Easier to Change People than to Change People

Innovation Excellence

GUEST POST from Annette Franz The work that we do as customer experience professionals can often be summed up as change management – or change leadership.

Change 73
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VRIO Framework: How to Create a Sustainable Competitive Advantage

Cascade Strategy

VRIO Analysis Overview. Like most organizations, we're always striving to find a competitive advantage that propels us in front of our competitors. But, even when you create a competitive advantage, oversaturated markets and technological advancements mean it's never long before competitors are able to replicate your competitive advantage. A sustained competitive advantage is the holy grail, and the VRIO framework might just be our map.

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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.