Sat.Oct 24, 2015 - Fri.Oct 30, 2015

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Innovation, the knowns and unknowns

Jeffrey Phillips

I'm sure the formula existed long before Donald Rumsfeld pronounced it, but every business faces knowns and unknowns. We face the things we know, or think we know, about our business, the environment, the economy and customers. Worst, we face things we don't know, unknowns about the future, consumer demand, new competitors and so forth. What executives need to understand is just how difficult these known and unknown "unknowns" are when we talk about innovation.

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We are transcending traditional industry and product boundaries

Paul Hobcraft

It seems this is the era of the digitally savvy entrepreneur. With the dizzy array of choices, combined with technology prowess and ‘plugging’ these into ‘seen’ customer needs, they are setting about disrupting existing businesses and establishing new ones, on an ever-increasing global scale. So what and how is the incumbent meant to react if it is an existing market?

Industry 180
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How to Incorporate Academic Research into Your Innovation Thinking

HYPE Innovation

A few weeks back I was sharing with you the highlights of HYPE’s recent Forum in London , an event that brought innovation managers’ hopes and fears into the spotlight, and encouraged idea campaign/ innovation project issues to be openly discussed. I took a lot of notes that day and as I was leafing through them over Sunday coffee cake, I remembered a great conversation about the main sources of external knowledge used by heads of innovation practice in their day-to-day work.

How To 175
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Innovation is not a Game for Juniors

Destination Innovation

I am often asked to give corporate innovation training workshops. I always request that the senior executives attend but often when I arrive I find a class full of keen young troops and a sprinkling of middle managers. The youngsters are eager, intelligent and motivated. They readily absorb the ideas and the methods. In the interactive modules they generate and select great ideas for the company.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Eliminating innovation unknowns - definitions

Jeffrey Phillips

Yesterday I wrote a post about the need for executives to eliminate the "unknowns" when they want their teams to innovate. If we call on people to improve their day to day routines, there are few unknowns. They simply need to work more efficiently on the activities and processes that are familiar to them. But when we call on people to innovate, there are a host of unknowns and uncertainties.

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Why We Fail To Adapt

Digital Tonto

In order to adapt we must disrupt ourselves. To seek out people, places and experiences that challenge our core beliefs. Related posts: What Do You Think? The Efficiency Paradox. Why We Believe. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

More Trending

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Innovation Lessons from the Master, Steve Jobs

Destination Innovation

Steve Jobs was adopted at birth in 1955. He grew up in California. He dropped out of college but voluntarily took a course in calligraphy. He found it beautiful and fascinating. The marriage of aesthetics and technology became his life-long obsession. Jobs led a company which embodied the combination of art and science. He was an eclectic revolutionary.

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This may not be changing fast enough in the hospitality sector

Exago

If someone is going to disrupt your business model, it’s better be you’, says Exago’s director and cofounder. Pedro do Camo Costa speaks to fashion editor Juliana Cavalcanti in an interview to inspire Jeroen Gulickx’s upcoming book ‘A Hotelier’s Mind, Read More. The post This may not be changing fast enough in the hospitality sector appeared first on www.exago.com.

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Joe Biden Is Right. It’s Time for A Moonshot For Cancer

Digital Tonto

It is time to begin a focused, organized effort to make a final assault on cancer. Related posts: Here’s How We Can Win The Race To Cure Cancer. Can America Renew Its Commitment To Science? You Can. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Peeking Behind the Veil of Design

Braden Kelley

The KitchenAid Craft Coffee Story A company in Dubai is asking me to teach a design thinking and innovation course in May of next year, and this was good synchronicity because I came across the video below recently.

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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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Creative Thinking – Music Videos with Stories

BrainZooming

Today’s creative thinking post is all about music. While I don’t write about it all that often, I love music. And I probably don’t write about it so much because I spend so much less time focused on music than I used to do , back in the day when I was a DJ at the Brass Rail (pictured here) in college. But for THIS day, here are several music videos (with stories) from Facebook friends I was quick to save when they showed up in my feed.

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The Age of Innovation

Innovation Excellence

While as impactful as the Industrial Revolution and the Internet Age were, they will pale in comparison to what lays just over the horizon. Innovation will be the key to success in this era of rapid technological advancement and adoption.

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9 Surefire Ways to Kill Innovation (That You Aren’t Thinking About)

Planview

Sometimes bad habits don’t seem all that dangerous — at least in the short-term. After all, it can take years to see the lasting effects of say, eating more than your fair share of sugar, or ignoring that dull ache in your knee. But bad business habits can throw a major wrench in innovation before it even has a chance to get off the ground. Here are 10 things you might be doing without thinking that are killing your innovation efforts right now. 1.

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Boosting creativity and innovation

Norbert Bol

Boosting creativity and innovation. When we want to boost creativity and innovation in an organization, there is not only a need for creative people but there is also the need for an organization supporting an innovative culture (see also the blog: Innovation is built on the desire for success ). A recent study towards the personal factors of creativity and innovation (da Costa et al., 2015), shows that the most important personal factor towards creativity and innovation is emotional intellige

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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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Travel Blogging – A Walk through Boston

BrainZooming

“This week was the weirdest week in my life.” As I was “travel blogging” those words on the plane ride back from Boston, the week wasn’t even over yet. On the upside, always try to be the “bright spot of the day” for everyone you encounter. I can’t say it often enough: If you are willing to “listen,” God will put you exactly where you need to be.

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Creating Structured Innovation

Innovation Excellence

Creating Structured Innovation, or How can you lead a successful programme? Here are a few lessons about creating an innovation culture, turning user-centric, agile, open, and global, and letting innovation finds its flow!

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4 Tips on Defining Success from Innovation Enterprise Interview with Metlife’s John Geyer

Planview

Over the weekend, we watched an awesome Q&A between Innovation Enterprise and Spigit customer Metlife ’s John Geyer. As Metlife’s Senior VP of Innovation, Geyer spends quite a lot of his time thinking about intelligent design and collaboration, and just about everything he does is in an effort to drive innovation deeper into the DNA of one of the world’s leading life insurance companies.

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The Three Faces of Attribute Dependency

Innovation in Practice

When using the Attribute Dependency technique, you’ll reach a point in the function follows form process where it’s time to make adaptations to your concept. That’s where you try to improve the concept and put more definition around it. One way to make adaptations with Attribute Dependency is to change the type of dependency. There are three ways to do it: passive, active and automatic.

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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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Branding Strategies – A Scary Mistake for Southwest Airlines

BrainZooming

I’m not sure where to start with the brand experience problems for Southwest Airlines in this picture. When it comes to bad decisions about branding strategies, this scary mistake is all tricks and no treats. This scene greeted me in Kansas City as I returned on a Southwest flight from Boston. The entire Southwest Airlines ticketing area was decorated for Halloween.

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The 2015 Global Innovation 1000 Study from Strategy&

Innovation Excellence

The geographic footprint of innovation is changing dramatically as research and development programs become more global. An overwhelming 94 percent of the world’s largest innovators now conduct elements of their R&D programs abroad, according to the 2015 Global Innovation 1000 study, our annual analysis of corporate R&D spending. These companies are.

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Put your success behind you.

Mike Shipulski

The biggest blocker of company growth is your successful business model. And the more significant it’s historical success, the more it blocks. Novelty meaningful to the customer is the life force of company growth. The easiest novelty to understand is novelty of product function. In a no-to-yes way, the old product couldn’t do it, but the new one can.

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#TBT: A Short History of Innovation Tools

KindlingApp

Every time an organization rebrands or launches a new product, they’re sharing the outcome of hundreds of gathered ideas, discussions, brainstorming sessions, and hours upon hours spent in research labs. That’s what Kindling users are buzzing about with their colleagues in Categories or Campaigns , innovating together. Today, many teams use a platform like Kindling to encourage and facilitate their employees’ innovation , but how did our world gather and discuss ideas before such tools existed?

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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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Trying Abundance as a Turnaround Branding Strategy

BrainZooming

With a strong brand and a robust branding strategy , there are many ways to deliver valuable brand benefits to customers. If, however, usage is declining for one of the best ways your brand delivers customer benefits, should your turnaround branding strategy focus on cutting back in providing it? Or should you go out of your way to invite people to use it and make it incredibly easy for them to do so?

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3 Things That Can Stall Innovation (And How To Overcome Them)

Innovation Excellence

Everyone wants to innovate these days, but it wasn’t always that way. Google’s Ngram shows that, although the term was commonly used in the 19th century, it didn’t become popular in the 20th century until the early 1970’s. Before that, managers valued tradition over novelty.

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My strategy workshop from heaven

Eddielogic

I recently wrote a post about my workshop from hell and what I learned from it. Of course, not every workshop ends up as a disaster. To turn a famous adage around: Where there is shadow, there is also light. Today I want to tell you about my workshop from heaven. It was that kind of positive experience you like to refer back to often. Besides that, this is a perfect case study on how to tackle a strategic question: Should you pursue a business idea that promises rich rewards, but also bears some

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6 Skills of Innovative Leadership [Download Infographic]

Open Innovation EU

As part of my role at the School of Innovation of Avans University of Applied Sciences, I was able to contribute to an infographic about the course program of the School of Innovation. It comprises the 6 skills of innovative leadership. These are the skills that should be in the toolkit of every self-respecting innovation professional. Click the infographic to download a high-resolution image. 6 Skills of Innovative Leadership.

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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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Career Strategy – If Someone Picked You, Expect the Best

BrainZooming

Despite Seth Godin’s career strategy warning to not wait around for people to select you , there are plenty of situations where someone else has had to select you as THE RIGHT PERSON. It might be a boss that recruited and hired you for a new job. Someone may have given you a reference in a business or social situation. People paid money to see you lead a workshop at a conference.

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The New Social Learning

Innovation Excellence

When Tony Bingham and Marcia Conner, co-authors of The New Social Learning, began talking with organizations about benefiting from the natural powers of employees learning from one another, they heard more about their obstacles than their opportunities. While some were genuine issues leaders needed to face to move their organizations forward, several were myths, perpetuated by old school practices and a fear of losing control.

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Value Stream Discovery: What to test & how to measure [Airbnb example]

Moves the Needle

There are tons of tools and frameworks, why a new one? Great tools exist to track the current state of startup’s and enterprise innovation team’s business model assumptions. Ash Maurya’s Lean Canvas and Osterwalder’s Business Model Canvas come to mind. Tools/frameworks also exist to define and track experiments, such as Dave McClure’s Pirate Metrics , LSM’s Experiment board and our own Moves the Needle Experiment Map.

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Stats say Hot Hand is real | Klay Thompson’s amazing quarter

Hutch Carpenter

Want to see something amazing? Take two minutes to watch what Golden State Warriors guard Klay Thompson did in the third quarter of a January 2015 game: Klay is a great shooter in general, but that performance was unreal. He hit 13 shots in a row, 9 of which were three-pointers. It’s what I characterize as a “Hot Hand” If you’ve played basketball, you likely understand the Hot Hand.

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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.