Sat.Apr 23, 2022 - Fri.Apr 29, 2022

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5 Innovation Lessons from the Backstory of OpenTable.com

Leapfrogging

In 1998, Chuck Templeton started a company called EasyEats.com. I went to high school with Chuck. We discussed the business plan which included providing recipes, food critic review, and much more. He eventually honed the scope and changed the name to OpenTable. As you probably know, the company would become an icon for what it meant to create a two-sided marketplace business model.

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Unclog your filter

Idea to Value

My vacuum cleaner sucked, badly. By which I mean, it hardly sucked at all anymore. Years ago when I bought it, it was amazingly strong and picked up everything. Now it could hardly pick up crumbs. Over the years, performance just dropped over time. I could have bought a new vacuum cleaner (I dread to think of how many people would have done this). Instead, I got a new filter.

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We Need To Shift Our Mindsets To Compete In An Ecosystem-Driven World

Digital Tonto

Traditionally, strategy has been seen as a game of chess. Wise leaders survey the board of play, plan their moves carefully and execute flawlessly. That’s always been a fantasy, but it was close. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Survey 226
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Why Successful Innovation is a Marathon and Not a Sprint

IdeaScale

Highlights Despite seeming to appear out of nowhere, most great innovations are the culmination of years or even decades of work from multiple entities. Innovation strategy should be built around the idea of industry-changing innovation taking years and broken into smaller, more manageable goals. A well-designed innovation platform can help you maintain the momentum and [.

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From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, 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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Use “Calculated Optimism”? for More Strategic Decisions

Leapfrogging

Harvard Research Suggests Pessimism Is Bad for Business. Replace pessimism with “calculated optimism” for better decision-making. Research from Harvard University looked at whether people were afraid of various situations or objects, such as being stuck in enclosed places or coming face-to-face with snakes. These same individuals were asked to estimate the number of fatalities each year for 12 different types of events, such as strokes, cancer, and floods.

LEAN 130
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Collaborating over videoconference makes you both less creative

Idea to Value

Researchers have found that Zoom, Teams and other videoconference tools can stifle creativity. According to a new research study just published in Nature , collaborating with someone using screens instead of sitting face to face resulted in both participants being less creative. This was from a field and laboratory study looking at the creative performance of more than 600 people in a lab, and 1,490 engineers a company across offices in Europe, the Middle East and South Asia.

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Why Successful Innovation is a Marathon and Not a Sprint

IdeaScale

Highlights Despite seeming to appear out of nowhere, most great innovations are the culmination of years or even decades of work from multiple entities. Innovation strategy should be built around the idea of industry-changing innovation taking years broken into smaller, more manageable goals. A well-designed innovation platform can help you maintain the momentum and energy [.].

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Use Leading and Lagging Indicators to Drive Your Business Forward

Leapfrogging

You get what you measure, so make sure you’re tracking the right things. I’ve seen a lot of organizations create strategies, programs, and projects focused on optimizing operations, streamlining processes, and driving innovation. Leadership teams put lots of energy coming up with the next big thing. But amazingly few teams think about how they’ll measure results.

Strategy 130
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Podcast S7E159: Margaret Webb – Divergent Association Task

Idea to Value

In today’s episode of the Idea to Value podcast , we speak with Dr Margaret Webb from the University of Melbourne. Together with her co-author Dr Simon Cropper and Jay Olson, they created and released the Divergent Association Task , a new method to estimate the divergent creative potential of someone based simply on them entering a few words into an online form.

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THE PERFECT ANSWER

Michael Michalko

“What steps would you take,” a question in a college exam read, “in determining the height of a building, using an aneroid barometer?”. One student replied, “I would lower the barometer on a string and measure the string.” The student failed immediately. The student appealed on the grounds that his answer was indisputably correct, and the university appointed an independent arbiter to decide the case.

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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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How the GSA’s 10X Program Advances Government Innovation

IdeaScale

Highlights: The General Services Administration (GSA) founded the 10X program in 2017 to internally crowdsource ideas and new approaches. The GSA’s 10X program has been successful due to transparency, accepting failure as part of the process, and a willingness to discuss why ideas didn’t work. Providing the government with what it needs is an enormous [.].

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Do you know who your students know? Here’s why you should

Christensen Institute

As educators and administrators scramble to make up social and academic ground lost during the pandemic, there are increasing calls for setting aside time and resources for relationship building. Positive relationships are a proven lever to boost troubling attendance rates, to mitigate the effects of trauma, and to motivate students in their coursework.

Tools 98
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Your brain on autopilot

Idea to Value

Have you ever caught yourself daydreaming while still doing an activity, only to then realise you don’t remember anything that happened for a while. A classic example is that people have no idea what happened while they were travelling or commuting. You arrive at your destination and then realise you have no idea what was happening around you during the entire journey.

Training 211
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Creating a Culture of Innovation

Sopheon

Without the appropriate culture, innovation can stall. The key is giving everyone ownership of a piece of the overall innovation puzzle. The post Creating a Culture of Innovation appeared first on Sopheon.

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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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What is a Mind Map Used for in Continuous Improvement?

Kainexus

If you look at any of the most popular business process improvement methodologies, you'll find that data visualization is a common theme. Kanban , for example, is focused on visualizing workflow. Fishbone diagrams are often used to uncover cause and effect, and histograms are used by Six Sigma practitioners and others. We want to introduce you to one more tool that can play an important role in the quest for continuous improvement, mind mapping.

Data 93
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Why e-commerce companies in growth markets should learn this innovation theory

Christensen Institute

In an interview with TechCrunch, David Yu, founder and CEO of e-commerce company Wasoko (formerly Sokowatch), explained that his company’s previous model “wasn’t efficient because Sokowatch couldn’t guarantee that the goods were delivered to the customer when they made orders.” . The company had developed an asset-light model and depended heavily on partners to fulfill orders.

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Can We Innovate Like Elon Musk?

Innovation Excellence

When we see someone do something really well, it’s always tempting to try to emulate them. And this is clearly a smart strategy; humans have evolved to automatically copy the successful strategies of others.

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Ideation Activities, Exercises and Templates (from Miro)

InnovationTraining.org

These top ideation activity templates from Miro can be used when working remotely or in the same room. Whether you are working together in person or remotely, design thinking software tools such as Miro can help make the innovation process easier than ever. Miro is a fantastic resource for finding idea generation activity templates for everything from empathy mapping and design sprints to brainstorming.

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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 Run Pricing Experiments

Strategyzer Innovation

We see many teams struggle with pricing and validating the viability of their products/services. How do you identify a price customers are willing to pay? What price will enable you to make enough profit? How do you find the right balance?

How To 71
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Invigorating the youthforce: Mentorship, social capital, and work-based learning

Christensen Institute

Academic achievement alone will not position our youth for economic stability or mobility. Social capital—the relationships and resources that those relationships might offer—is a critical asset paired with skill in mobilizing that asset that education systems too often overlook when supporting youth in their transition into the workforce. In this virtual session at the ASU+GSV Summit, I spoke with four leaders in the education-to-employment space about why it’s crucial we support our students i

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Four Key Attributes of Transformational Leaders

Innovation Excellence

GUEST POST from Greg Satell Change isn’t what it used to be. Where earlier generations had leaders like Gandhi, King and Mandela, today’s change efforts seem rudderless.

Change 81
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The Leader’s Guide to Executing Innovation

Viima

Many would-be innovators obsess over ideas, wait for inspiration to strike, and believe that with the right idea, success can miraculously come overnight. However, as we’ve written before , that’s just not going to happen. In fact, usually the only thing separating the winning innovators from the rest is execution. It makes all the difference in the world, and yet, it’s still a vastly underrated capability.

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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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The Top 100 ideas shared by IdeaSpies 2021

IdeaSpies

Top 100 ideas 2021 copy A Positive Pandemic Plan was by far the most popular idea shared by IdeaSpies in 2021.

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Mind the gap: aligning employer health goals and employee health needs

Christensen Institute

Almost half of the people in the United States have health insurance through an employer. What began as an incentive to attract workers during World War II is now an influential aspect of employee hiring and retention. Health insurance typically covers a range of medical expenses. However, given that only 10-20% of health status is attributed to medical care, the primary focus on medical expense coverage as “health care coverage” is not sufficient to better the health of employees and their fami

Data 98
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Leveraging Tacit Knowledge to Drive More Innovation

Innovation Excellence

GUEST POST from Diana Porumboiu The value of intangible assets in organizations is nowadays five times greater than the one of tangible assets.

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Trends & Technologies Shaping The Aerospace Industry

ITONICS

The aerospace industry has historically been a paragon of innovation. Inventions from aviation and space agencies over the past 60 years have led the way for some of the most groundbreaking technologies we currently use on Earth.

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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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Become a Modern PMO That Empowers Your Organization

Planview

In this post, we’ll show you how to become a modern PMO that enables your organization to adapt to an ever-changing professional landscape. You’ll learn how to adopt a modern approach that keeps up with the speed of business. That way, you can ensure alignment, drive continuous improvement, and help your company become more responsive to change and disruptions.

Agile 59
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(Preparing For) A Failure of Imagination

Phil McKinney

With organizational failures, the imagination is often at fault. We can't imagine things going wrong, so we don't plan for them. Organizations can't imagine that their employees would do something unethical, so they don't have policies in place to prevent it. Owners can't imagine that a natural disaster could destroy their business, so they don't […].

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You Must Be Comfortable with Being Uncomfortable

Innovation Excellence

GUEST POST from Janet Sernack It’s been a tough two and a half for everyone since the COVID-19 crisis began.

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How Siemens Energy Accelerates Digitalization, Innovation & Cybersecurity With ITONICS

ITONICS

Siemens Energy’s Orbit Ecosystem. We are excited to announce that Siemens Energy , an energy company formed by the spin-off of Siemens AG, has joined our growing community of ‘innovation rockstars’.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib