Sat.May 06, 2023 - Fri.May 12, 2023

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

I finished my last post, “ Are we EVER going to embrace innovation? ” With the argument, we need to change the innovation narrative and significantly update the innovation approach and processes to meet today’s and tomorrow’s business challenges. I am working through what I think this should become in design and application, involving providing the key innovation building blocks as components of the innovation stack, using the innovation stack to guide platform development and the pl

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How Generative AI Changes Creativity

Harvard Business Review

Conversations with a video artist and innovation researchers about the new technology.

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Seven Pitfalls of Growth. One way to Combat them All: Be Anticipatory

Daniel Burrus

Going into business of any kind always proves to be a complex endeavor, one that requires a balance of anticipation, communication, and perseverance to succeed. Unfortunately, many newer and more seasoned business owners have a fear of failure that inhibits them from finding or even continuing the success of their organization. As a business leader, the fear of failure is truly a debilitating experience, so much so that it can ultimately cause failure, believe it or not!

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Top 11 Best Lean Tools For Continuous Improvement | KaiNexus

Kainexus

Lean continuous improvement is a systematic approach to perfecting business processes and operations by eliminating waste, increasing efficiency, and delivering more value to customers. The "lean" philosophy emphasizes eliminating non-value-added activities and processes to create more value with fewer resources. Lean is built on best practices for continuous improvement , including employee engagement and focusing on creating a culture that supports positive change.

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Empowering Retail Associates to Enhance the Customer Experience

Speaker: Andrew Regan, Managing Partner at BlueSeed Retail Ltd.

Did you know that 70% of new retail technology fails to deliver expected benefits and can often decrease customer value, service, and experience? With that in mind, how can we empower our store associates to leverage new technology to optimize the customer experience and boost productivity? This exclusive webinar with Andrew Regan will dive into strategies to empower retail associates for success with new technology.

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Why ‘system transformation’ is likely a pipe dream

Christensen Institute

I can’t count the number of times people at an education conference have approached me and said something to the effect of, “But how do we transform the education system?” or “We need to focus on system transformation” or “How do we scale system transformation?” I get why they share these sentiments with me. Ever since I wrote Disrupting Class in 2008, I’ve been publicly in favor of transforming education, not merely reforming it (although I do work in both spheres).

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Sustaining Imagination is Hard

Innovation Excellence

by Braden Kelley Recently I stumbled across a new Royal Institute video of Martin Reeves, a managing director and senior partner in BCG’s San Francisco office. Martin leads the BCG Henderson Institute, BCG’s vehicle for exploring ideas from beyond the world of business, which have implications for business strategy management.

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Revolutionize Your Business with These Innovation Thinking Techniques – Expert Reveals Secrets

IdeaScale

Innovation thinking has become a crucial aspect of business success. In today's rapidly changing world, it's essential to stay ahead of the curve, and the best way to do so is by embracing innovative thinking. Innovation thinking is all about taking a fresh approach to problem-solving and finding creative solutions that can revolutionize your business. [.

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What Causes Us to Regret Key Decisions?

Michael Roberto

Source: Getty Images Do you find yourself often regretting the path not taken? What's causing those feelings? Is it affecting your job satisfaction, or your commitment to a key plan of action at work? Scholars Daniel Feiler and Johannes Müller-Trede have published a fascinating study about regret in the context of decision making. Prior research had shown that "decision-makers both anticipate and experience greater regret when they can observe the consequences of unchosen options.

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6 Key Levers of a Successful Organizational Transformation

Harvard Business Review

Leaders, don’t overlook your employees’ emotional journey.

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How lithium can jumpstart Latin American economies

Christensen Institute

Three Latin American countries–Chile, Argentina, and Bolivia–account for approximately 61% of the world’s identified lithium resources, notes Eduardo Porter, in his most recent Bloomberg opinion column. An essential component in lithium-ion batteries, these countries have a unique opportunity to jumpstart their advancement to high-income economies in the next decade.

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Future Focus: Constructing Unshakeable Stability in Your Manufacturing Supply Chain

Speaker: Jay Black, Senior Account Executive

We’ve all heard the buzzwords to describe new supply chain trends: resiliency, sustainability, AI, machine learning. But what do these really mean today? Over the past few years, manufacturing has had to adapt to and overcome a wide variety of supply chain trends and disruptions to stay as stable as possible. Stability has become key in this post-COVID world, and will remain key moving forward.

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Navigating the Sea of Information: Legitimacy in Content Creation and Detecting Truth on the Internet

helloFUTURE

In today’s digital age, the internet is awash with information, making it increasingly challenging to discern fact from fiction. With corporate innovators, startup founders, product managers, and future-focused individuals relying on accurate, high-quality content to make informed decisions, the importance of legitimacy in content creation cannot be overstated.

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Elevate Your Innovation Management Capability With ISO 56004 Assessment

PlanBox Innovation

This article originally appeared on Forbes. Innovation is the key to staying ahead of the competition and meeting the ever-changing needs of customers. To be successful, organizations must be able to effectively manage their innovation processes, from idea generation to commercialization. An Innovation Management Assessment (IMA) can help organizations identify gaps in their innovation capabilities and create an action plan for improvement.

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AI Can Be Both Accurate and Transparent

Harvard Business Review

Historically, tech leaders have assumed that the better a human can understand an algorithm, the less accurate it will be. But is there always a tradeoff?

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A Shortcut to Making Strategic Trade-Offs

Innovation Excellence

GUEST POST from Geoffrey A. Moore I read with interest the following article posted on hbr.org. It highlights the challenge facing every Executive Leadership Team in securing alignment around what they should prioritize, short versus long-term gains, high versus low-risk initiatives, and disruptive versus sustaining innovation.

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Unlocking the Secret to Product Team Success: Data, Empathy, and a Whole Lot of Communication

Speaker: Donna Shaw - Senior Product Manager & Eric Frierson - Director of Innovation for Public and School Libraries

Successful product management is more than building a product: you’re also building a team. Working with cross-functional teams can appear chaotic, especially if your goals differ! It can be challenging to figure out how to communicate with team members and stakeholders. However, with some forethought and insights, you can build a successful product management team—one that collaborates to create a product that truly delights your customers.

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Cross-sector collaboration for Innovation Ecosystems- summary of summaries

Ecosystems4Innovating

I wrote a four part series on cross-sector innovation ecosystems in April and I felt it was worth summarizing these into one, so I engaged my new office partner, ChatGPT to deliver this in a series of summaries. I can’t argue with these and decided to post these as a valuable initial referencing point on a growing area of organization need, in cross.

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Debunking Open Innovation Myths with Oana Maria Pop

Viima

We are back with yet another Innovation Room Podcast episode. Today, Oana-Maria Pop shares her thoughts on fears that arise from all the myths and misconceptions shrouding open innovation. Oana-Maria has over a decade of experience in the innovation field. Currently, she is the Head of Open Innovation at Hype Innovation, engaging in consulting and training, and supporting marketing activities.

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Leaders, Sharing Your Own Mental Health Story Can Help You Become a Better Ally

Harvard Business Review

Role modeling vulnerability shows that it’s possible to achieve professional success while navigating mental health challenges.

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Save on Charting Change Digitally for Two Weeks

Innovation Excellence

Wow! Exciting news! From now until May 26, 2023 you can get the digital version (eBook) of my latest best-selling book Charting Change for only $16.99! Sorry, unfortunately this sale doesn’t have a discount on the hardcover.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Accelerating Cures with Artificial Intelligence: The Future of Medicine

Tullio Siragusa

Accelerating Cures with Artificial Intelligence: The Future of Medicine The search for cures to various diseases has been an ongoing process for centuries, with scientists and researchers tirelessly working to develop new medications and treatments. However, the traditional process of drug discovery is often slow, expensive, and fraught with failure.

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My Next Innovation Book: PIVOTAL

Stephen Shapiro

For the past few years, organizations have been reactively responding to disruptions caused by the pandemic. This has led to another pandemic, one of perpetual pivoting. Organizations have been spinning in circles, dissipating energy, causing confusion, and burning out employees. It is for this reason that I have been writing my seventh book. It is the antidote to this nonstop pivoting.

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Employees Are Losing Patience with Change Initiatives

Harvard Business Review

A Gartner survey found that employees’ willingness to support enterprise change fell from 74% in 2016 to just 43% in 2022.

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The Shareholder Value Myth

Innovation Excellence

GUEST POST from Greg Satell The Business Roundtable, an influential group of almost 200 CEOs of America’s largest companies, a few years ago issued a statement that discarded the old notion that the sole purpose of a business is to provide value to shareholders.

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The B2B Sales Leader's Guide for Any Economic Environment

When economic headwinds pick up, sales leaders are the first to sound the alarm — and chart a new course. Longer sales cycles, larger buying committees, increased price pressure, and smaller teams can quickly combine to reduce your margin for error and increase the urgency to find a solution. To thrive in a challenging environment, sales teams need a rock-solid grasp of the fundamentals and the biggest force-multipliers they can get their hands on.

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Managing Innovation Strategies With Data | Sopheon

Sopheon

Former professional poker player Annie Duke once said , "Poker players taught me to understand what a bet really is: a decision about an uncertain future.” This insight extends beyond the felt and has long resonated with me as a guidepost for corporate investments, and, more specifically, to my area of expertise — innovation strategy investments.

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18 Best Entrepreneur Blogs for Women in Business

CMOE

As a woman in business, finding resources tailored to your unique experience is crucial for furthering your skills and knowledge in your industry. With the right information, you can transform your career and build a business aligned with your goals. For the best women’s entrepreneur blogs across the internet, CMOE has put together these 18 sites for exceptional inspiration, motivation, and advice to help women in business succeed. 1.

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Face-to-Face Time with Your Employees Still Matters

Harvard Business Review

Four strategies to help leaders get creative about maintaining their visibility — without resorting to a “butts-in-seats” approach.

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Why Great Teams Embrace Failure

Innovation Excellence

And How to Do Failure Properly GUEST POST from David Burkus Failure is feedback. And that maxim is nowhere more true than on teams.

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Retail Reimagined: What It Means To Be An Innovative Retailer

Speaker: DeAnna McIntosh, Retail Growth Strategist

The past three years have forever changed the retail landscape. Companies of all sizes were forced to welcome change with open arms and surrender to total flexibility in order to be agile in the ever-evolving economic environment. In 2023, we are navigating inflation and its impact on consumer spending, various lasting side effects from the pandemic, and a looming recession in the back half of the year.

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Innovation Basics: 5 Pillars of Success of a Crowdsourced Ideas Scheme

Wazoku

Changing the world, one idea at a time has to start somewhere. Even the organizations that regularly bring about revolutionary change had a first step to take on their journey. In the Innovation Basics series, we focus exclusively on what that first step could look like for newcomers to the innovation world. Follow this guidance to achieve faster, better innovation.

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PMO Case Study Roundup: Improve Efficiency, Reduce Costs

Planview

In anticipation of International PMO Day, we began curating the stories for this PMO case study roundup several weeks ago. Today’s global day of acknowledgment for PMOs — held each year on the second Tuesday of May — is for “recognising, highlighting, promoting, appreciating, and celebrating PMOs,” says the organization’s website. And for good reason.

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To Implement Change, You Don’t Need to Convince Everyone at Once

Harvard Business Review

Rather than trying to convince skeptics from the outset, start with a small group of enthusiastic people.

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A 90% Project Failure Rate Means You’re Doing it Wrong

Innovation Excellence

GUEST POST from Mike Shipulski For work that has not been done before, there’s no right answer. The only wrong answer is to say “no” to trying something new. Sure, it might not work. But, the only way to guarantee it won’t work is to say no to trying.

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The Problem with Product Market Fit (and What to Use Instead)

Speaker: Daniel Elizalde - Product Executive and Advisor

There is a big problem with the term "product market fit." Launching successful products requires a rare combination of market understanding, iterative development, and a lot of luck. To increase your chances of success, you need to drive your team through a series of clear, actionable milestones that demonstrate you are going in the right direction.