Sat.Dec 09, 2017 - Fri.Dec 15, 2017

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7 Essential Skills Required to Succeed as An Entrepreneur

Idea to Value

Many entrepreneurs believe that the most important factor that will determine their level of success with a startup relates to their overall experience and skills in the niche area. However, the most successful entrepreneurs have developed a certain set of skills that have helped them reach their goals. While you definitely need nerve and patience to launch and run a new business, you also need to focus on nurturing these seven critical skills that are integral to your future success in very imp

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Who Makes the Decisions in Crowdsourcing?

IdeaScale

You will likely engage your experts and authorities at the earliest stages or your program through discussion. These are the people who know a great deal about the subject matter of the campaigns and can give you strong feedback on your problem statement and criteria for success. And these are the people who must agree and must give their blessing to your plan before you move forward in launching.

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Communication and repetition are vital for innovation

Jeffrey Phillips

I was working out this morning before work and as usual, watching the breaking news. At 7am there are a range of news choices, and strangely each network seems to have the exact same advertisements on during the breaks. As I was working out I realized that I knew the side effects of several medications that I don't need and don't take. These side effects include headaches, vomiting, and so on.

Tools 124
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4 Skills That All Great Innovators Share

Digital Tonto

Great innovators aren’t prima donnas or glory seekers. They are problem solvers. Related posts: Truly Great Innovators Do These 4 Things. The Most Important Thing That Great Innovators Do. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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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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Scaling Edges vs. Transforming the Core

Integrative Innovation

Dual approaches are evermore finding their way into corporate strategy, development and innovation. There are several manifestations at play, such as. Organizational Ambidexterity : Drawing on Tushman/O’Reilly, an ambidextrous approach is deployed if a venture is of high strategic relevance and its synergies with core business are high, therefore suggesting a strong leverage of core assets and capbilities as well as an ultimate integration in core business in the course of scaling.

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The 4 Dynamic Stages of Collaborative Innovation – Number 1: Idea Collection

IdeaScale

You’ll collect a lot of ideas. How do you find the best? Before you find gold, you find ore. Seemingly dull rocks are pulled from the ground and carefully refined until the gold inside them is brought out. And so it is with ideas, as well. In this series, we’ll explore how raw ideas are distilled into innovation. And, like any refining process, it all begins with the raw material.

More Trending

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4 Roles to Push Bold Customer Experience Strategy Thinking

BrainZooming

We were set to work with a client team exploring the customer experience strategy they’d introduce to their internal customers. As we thought about how many of them there were (about twenty), the two of us from The Brainzooming Group, and the value of having an inner circle of informal facilitators, we hit upon an idea: create roles for a small group of clients to play during our two-day branding workshop.

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Digital Transformation Combines Customer Experience and Operational Efficiency

Integrative Innovation

In 2015 and 2017, research by Peter Weill and Stephanie L. Woerner surveyed several hundred enterprises, examining both the capabilities needed for digital business transformation and the impacts on performance. Becoming ‘future-ready’ requires changing the enterprise on two dimensions – customer experience and operational efficiency.

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Idea Estimation and the Reporting Dashboard

IdeaScale

For those of you who have been utilizing crowdsourcing for awhile, you’ll be more than familiar with the story of the “Parable of the Ox.” About a century ago a scientist named Sir Francis Galton asked 800 people to guess the weight of the prize winning ox and although no one person’s answer was correct, when the answers of the entire crowd were averaged, they were accurate within half a pound (more accurate than the guess from the actual expert, too).

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What are innovation labs and how to set one up

hackerearth

“Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it” - Steve Jobs famously talked about how investing in an innovative workforce was one of the biggest factors that led to Apple’s phenomenal success in the face of heavy competition from industry-leading giants.

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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 Enterprises Can Collaborate Effectively with Startups

Planview

How can we effectively collaborate with startups? That’s a question that routinely comes up at many of the conferences Spigit hosts and attends as well as in our day-to-day conversations with Fortune 500 companies. Why should enterprises collaborate with startups? There are several reasons, including: Access to startups working on newer technologies (i.e. blockchain).

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Developing an agile innovation strategy

Idea Drop

Agile project management involves dividing tasks into short phases of work, or ‘sprints’, with continuous reassessment and adaptation of plans. Stemming from the word agile, meaning to move quickly and easily, it is no surprise that such a methodology goes hand in hand with innovation. Yet this discernible link is too often overlooked and it is exactly this refusal to acknowledge the compatibility of innovation and agile processes that frequently leads to innovation failures.

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We Need To Focus More On Networks And Less On Nodes

Digital Tonto

Ideas don’t change the world alone, but depend on small groups, loosely connected but united by a common purpose to truly make an impact. Related posts: Justin Bieber, Social Networks and How. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Project Management Considerations for the Open Organization

Innocentive

Having the right project management tools and techniques are essential for successfully embracing open innovation. As traditional boundaries are crossed, established project management approaches simply don’t provide the kind of tools and techniques that are needed to maximize the multidisciplinary inputs.

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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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5 Implementation Strategy Steps Pave the Way for Success

BrainZooming

Looking ahead to transitioning from planning to doing and wanting to maximize success? Try these 5 implementation strategy steps for launching a big initiative properly so the initial implementation leads to outstanding results later. 1. Make Sure You Have the Right Team. The big first implementation strategy step is assembling the right team with the skills, experience, and perspectives to make a big initiative happen.

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4 Ways to Amplify Digital Innovation in 2018

Gregg Fraley

Learn 4 Ways to Amplify Digital Innovation in 2018. Alignment, Team Diversity, Knowledge & MoshPits. The challenges facing innovation leaders, facing 2018 is — how do you integrate new digital capability? This is not innovation as we once knew it. This is not your Dad’s innovation. It’s not even Your Innovation of five years ago?

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Identifying and Implementing Innovation Measures

Integrative Innovation

For most companies, innovation has become a top priority. To rate innovation performance, quantitative performance indicators are often used. Some lagging indicators measure innovation as results or outcomes – such as sales from new products. Others measure innovation as a process , using metrics – such as the number of innovation projects in progress.

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Innovation in Cybersecurity: Blockchain and Enterprise Immune Systems

Innovation Excellence

There are two basic problems that are affecting cybersecurity right now. While the ability to cause damage and reap financially from cybercrime has become that much easier for interested parties to obtain, the ability to safeguard against it has become that much more difficult.fortunately, there is technology on the horizon that may make up for our human shortfalls.

System 53
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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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Tech for Good? Generation2 is at the forefront of it

Rapid Innovation in digital time

Jeanne Bretecher is a young entrepreneur, who co-founded with Steven Bertal the agency Generation2, a new kind of consulting agency who’s acting in partnership for the greater good.

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The Rise of the Healthcare Mega-Marketplaces: What Does It Mean For You?

Faisal Hoque

CVS is offering to pay $66 billion for Aetna — a blending that could turn local drugstores into health insurers. Assessing the impacts of the recent rash of mergers and takeovers in the healthcare field. The post The Rise of the Healthcare Mega-Marketplaces: What Does It Mean For You? appeared first on Faisal Hoque :: Entrepreneur | Author.

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It’s Not Either/Or, It’s Both/And

Daniel Burrus

A crowd mentality can be difficult to resist. Whether it’s a new fitness workout, yet another so-called “superfood” or even a television show that’s taken over your social media feed, it’s very easy to be swept up by the widespread embrace of the latest and greatest. That’s particularly true when it comes to technology. When something new comes along, the prevailing mind-set always seems to fall on ditching the old and snapping up the new.

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What Happens when Contrarian Thinkers are Ignored?

Innovation Excellence

It takes great courage to challenge the powerful and the popular. We need that courage time and again. We should not disdain and ignore contrarian thinkers. They should be encouraged to speak up and their views, however unpopular, should be examined with dispassion.

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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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School bags for Nepal instead of Christmas cards to our customers

ITONICS

As many as one hundred children were delighted about the donations they received this week in the framework of a charity activity organized by our colleagues in Nepal. The only downside: Again, ITONICS’s customers will go empty-handed in terms of Christmas cards because these savings, too, will be used to fund our aid projects in Nepal. Two of these bright child eyes belong to Ganga Rana (9) who is in third grade.

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Open Innovation for Veterans’ Health

IdeaConnection

Healthcare for seniors could soon be given a huge innovation boost thanks to the VABeachBio Innovation Challenge. This open innovation contest aims to result in the launch of 20 start-up companies focused on creating therapeutics, vaccines and devices for veteran-related illnesses, such as cancer and cardiovascular and neurological disorders. “The challenge is the first-of-its-kind in the United States,” said Virginia Beach Economic Development Director Warren D.

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A Barometer for Uncertainty

Mike Shipulski

Novelty, or newness, can be a great way to assess the status of things. The level of novelty is a barometer for the level of uncertainty and unpredictability. If you haven’t done it before, it’s novel and you should expect the work to be uncertain and unpredictable. If you’ve done it before, it’s not novel and you should expect the work to go as it did last time.

System 45
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20 Reasons Why Your Company Won’t Change

Innovation Excellence

On a recent visit to a former client’s workplace I noticed a poster entitled “I’m Not Changing!” I’d seen it elsewhere, and I’m sure you’ve seen it as well, or something like it. This time it gave me pause, perhaps because we’re now starting the second half of the year, and calendar milestones tend to.

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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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Congratulations to the new Agile Innovation Managers 2017!

ITONICS

Once again, the Innovation Alliance successfully trained employees as Agile Innovation Managers. Congratulations on this achievement! The training included learnings in three different thematic blocks: From Strategy to Opportunities. From Opportunities To Ideas. From Ideas To Market. The participants furthermore learned all about the most recent and effective innovation tools alongside the whole innovation process.

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Dr. Soo Beng Khoh

Innovation 360 Group

Based in Penang, Malaysia. Background: Dr Khoh has more than 25 years of industrial experience with a wide spectrum of roles in manufacturing, design engineering, IT, 6-Sigma Black-Belt, program management, Innovation Champion and Inventor Mentor in Fortune 500 MNCs based in Malaysia and abroad. He is a change agent and experienced trainer in his expertise areas, where he frequently shares his knowledge as trainer, guest lecturer & keynote speaker at public events, institutions of higher le

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Soo Beng Khoh , PhD

Innovation 360

Based in Kuala Lumpur, Malaysia. Background: Dr Khoh has more than 25 years of industrial experience with a wide spectrum of roles in manufacturing, design engineering, IT, 6-Sigma Black-Belt, program management, Innovation Champion and Inventor Mentor in Fortune 500 MNCs based in Malaysia and abroad. He is a change agent and experienced trainer in his expertise areas, where he frequently shares his knowledge as trainer, guest lecturer & keynote speaker at public events, institutions of hig

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Top 20 Innovation Articles of October 2017

Innovation Excellence

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are October’s twenty most.

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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.