Sat.Apr 20, 2024 - Fri.Apr 26, 2024

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Overcoming the Innovation Paradox: Three key reasons why Large Organisations Struggle to Stay Ahead

Cris Beswick

In the modern business world, where disruption is the norm and change is relentless, the ability to continuously drive innovation-led growth has become the ultimate competitive advantage. Yet, for many large, established organisations, the pursuit of building innovation capability and embedding it into organisational culture remains an elusive and often frustrating endeavour.

Agile 59
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Returning to the Hierarchy of Business Ecosystems

Paul Hobcraft

Building out the Hierarchy of Business Ecosystems In January of this year, I introduced the thinking behind “the Hierarchy of Business Ecosystem needs.” This framework was outlined initially in a series of seven posts on my dedicated ecosystem posting site. On this posting site, I provided numerous supporting posts in “given” areas of Business Ecosystems that covered some areas I felt were important explainers.

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Incremental Vs. Radical Innovation: Which One Is Right for You?

Carla Johnson

April 23, 2024 Picture this: You’re at the innovation crossroads, where the destiny of your business hangs in the balance. Every organization walks this path, each with its own mix of challenges and opportunities. The million-dollar question: incremental vs. radical innovation? Your road to success lies in mastering the art of blending these two approaches.

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Innovation’s Underdogs: The Creative Economy’s Quiet Revolution

IdeaScale

In the colorful world of the creative economy—a place where art, smarts, and new ideas mix together—something pretty exciting is happening. It's not just about painting or music anymore; this world stretches into advertising, designing everything from websites to buildings, changing the story of what jobs are important.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Part of Leadership is to Create a Crisis

Destination Innovation

Paul O’Neill was appointed CEO of aluminium giant Alcoa in 1987. He is particularly remembered for his decision to focus on one key priority, safety. His first speech as CEO was to a group of investors and analysts. He started by saying, “I want to talk to you about worker safety.” He continued, “I intend to make Alcoa the safest company in America.

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Jack Welch’s GE Was The Wrong Model To Take From The 90s. Lou Gerstner’s IBM Is The Right One

Digital Tonto

When Jack Welch was named “Manager of the Century” by Fortune magazine in 1999, it was still unclear what his legacy was going to be. Yet all the success belied serious problems rumbling underneath the surface. Welch increased profits largely by “financializing” the firm. Innovation languished. Yet perhaps the greatest indictment of Welch is those he chose to carry on his legacy.

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What is a Cause and Effect Diagram? Definition, Examples, Benefits, and Analysis

IdeaScale

What is a Cause and Effect Diagram? A Cause and Effect Diagram, also known as a Fishbone Diagram or Ishikawa Diagram, is defined as a visual tool used to identify and organize potential causes of a specific problem or effect.

Analysis 182
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The great miscalculation–and exit–of multinationals in Africa… again

Christensen Institute

Deja vu. In 2015, many multinational companies exited Africa. Nestle cut staff across 21 countries and Barclays, Coca-Cola, Cadbury, Eveready, and SABMiller retreated from different African markets they once believed had promise. The allure of Africa, particularly the widely referenced Africa rising narrative, was fading. The reasons the multinationals cited were all too familiar: failing or inexistent infrastructure, smaller than expected consumer market, struggling institutions, and corruption

Report 145
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The Myths and Realities of Being a Product Manager

Harvard Business Review

Product management has become an aspirational career. A group of popular social media influencers regularly offers advice on what it takes to attain a job and succeed in this field. But their content tends to glamorize the profession, gloss over the day-to-day-realities, and dispense wisdom that isn’t always on point.

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Is Customer Obsession a Two-Way Street At Your Company?

Innovation Excellence

GUEST POST from Shep Hyken One of my favorite ways to measure a customer’s satisfaction level with a company or brand is by using the Net Promoter Score (NPS) question, which is, “On a scale of zero to 10, how likely are you to recommend this company to a friend or colleague?

Company 107
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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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Keeping Your Innovation Team United and Focused on the Big Picture

IdeaScale

Innovation teams face a big challenge: how to stay together and aim high when everything around them is constantly changing. This time, it isn’t about ideas but creating a team that can quickly adapt, work together smoothly, and always keep an eye on their main goals, no matter what new technology or trend comes along.

Trends 130
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Yes: Underpaid, under-the-table work is an innovation problem

Christensen Institute

During a recent trip to a low-income country, I met a young man whose story may be similar to one many of us have previously heard. Orphaned at a young age, he didn’t finish school and started working as a child. Unfortunately, as he got older, work opportunities in his small hometown ran out, so he had to move to a larger city in search of work. Despite the circumstances he was excited to reach the city, but upon moving, he found that employers wouldn’t hire him without a school diploma.

Policies 122
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Lessons from Beyoncé on Navigating Exclusion

Harvard Business Review

In 2016, Beyoncé’s performance at the CMA Awards sparked backlash from fans complaining about everything from her attire to her lack of connection to the genre. This year, she released her first country album, which debuted at number one on the Billboard 200. Her actions over the past eight years have been a case study in how to navigate workplace exclusion.

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Predicting Unintended Consequences

Innovation Excellence

The 93% Rule GUEST POST from Robyn Bolton Unintended consequences often catch us off guard despite their predictability. The moment they occur, we gasp in shock, shake our heads, and look at each other in wide-eyed horror at this thing that just happened that we could never ever ever have anticipated.

Change 105
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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Revolutionizing Healthcare: The Future of Innovative Health Services

IdeaScale

Healthcare is an essential aspect of human life, and the need for quality healthcare services has continued to increase over the years. Innovation health services have played a crucial role in revolutionizing healthcare, and this trend is set to continue in the future.

Trends 130
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Brainstorming is dead – here’s how to generate your best ideas

Sopheon

Have you ever been in a magical brainstorming session? Me neither. Depending on who’s invited, a typical brainstorming session may consist of throat-clearing, eye-rolling, and apathy. And there’s very little magic involved unless someone brought Homer Simpson-like donuts with sprinkles. There’s nothing magical about watching the person with the loudest voice dominate the conversation.

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How to Answer an Open-Ended Question from a Job Candidate

Harvard Business Review

Interviewers should prepare for interviews just as thoroughly as candidates do. Being equipped with compelling stories and setting aside dedicated preparation time, such as 30 minutes beforehand, allows interviewers to mentally prepare and be fully present during the interview. Like with candidates, it’s not only the content of what is said that matters, but also the manner in which it’s conveyed.

How To 114
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Problems are Required for Progress to Occur

Innovation Excellence

GUEST POST from Mike Shipulski Without a problem, there can be no progress. And only after there’s too much no progress is a problem is created. And once the problem is created, there can be progress. When you know there’s a problem just over the horizon, you have a problem.

Design 99
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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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What is Product Development? Definition, Examples, Process and Strategies

IdeaScale

What is Product Development? Product development is defined as the process of creating new products or improving existing ones to meet the needs and wants of consumers. It involves various stages from conception to market launch, including ideation, research, design, prototyping, testing, and manufacturing.

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Parents are lonely. An unlikely prescription can help.

Christensen Institute

Last year, I wrote a blog about the loneliness and social isolation epidemic. When discussing the blog with a colleague, she brought up the topic of parental loneliness , a topic I hadn’t yet researched in detail. It’s clear that in the wake of the COVID-19 pandemic, and continuing afterwards, parents are facing significant loneliness. Parenting is hard.

Study 98
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Preventing Ransomware Attacks at Scale

Harvard Business Review

Designing software that’s resilient against the most common cyberattacks is possible — and significantly more cost effective than dealing with the fallout of a hack.

Software 109
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What Have We Learned About Digital Transformation?

Innovation Excellence

GUEST POST from Geoffrey A. Moore We are well into our first decade of digital transformation, with both the successes and the scars to show for it, and we can see there is a long way to go.

Learning 104
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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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What is Root Cause Analysis? Definition, Types, Examples, Methods

IdeaScale

What is Root Cause Analysis? Root Cause Analysis (RCA) is defined as a systematic process for identifying the underlying causes or factors that contribute to a problem, incident, or undesirable outcome. The goal of RCA is to understand the root causes of an issue rather than focusing solely on addressing its symptoms.

Analysis 130
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Innovation Management Trends In The Future | Sopheon

Sopheon

With the introduction of generative AI (GenAI), organizations are trying to find the best way to use the technology to support InnovationOps initiatives. In bringing together a company’s culture, ways of working, people and products, companies can operationalize innovation and bring every team member together under an overarching goal. With the help of GenAI, companies will support an InnovationOps ideology more seamlessly and innovate at scale more easily.

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How Burnout Became Normal — and How to Push Back Against It

Harvard Business Review

Slowly but steadily, while we’ve been preoccupied with trying to meet demands that outstrip our resources, grappling with unfair treatment, or watching our working hours encroach upon our downtime, burnout has become the new baseline in many work environments. From the 40% of Gen Z workers who believe burnout is an inevitable part of success, to executives who believe high-pressure, “trial-by-fire” assignments are a required rite of passage, to toxic hustle culture that pushes busyness as a badg

How To 108
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Next Generation Leadership Traits and Characteristics

Innovation Excellence

GUEST POST from Stefan Lindegaard What are the traits and characteristics for a new generation of leaders, those who will shape the future in this sea of uncertainty? To me, this is more about mindset than age.

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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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What are Mood Boards? Definition, Examples, and Samples

IdeaScale

What are Mood Boards? Mood boards are visual tools used in the early stages of a design process to convey the overall aesthetic, mood, and style of a project.

Examples 130
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Digital Transformation in Manufacturing: Unlocking New Opportunities | KaiNexus

Kainexus

The shift towards Industry 4.0 and smart manufacturing represents a significant evolution in how goods are produced, utilizing advanced technologies to enhance efficiency, productivity, and flexibility across various industries. Industry 4.0 refers to the fourth industrial revolution, characterized by integrating digital technologies into manufacturing processes, often termed "smart manufacturing.

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Research: More People Use Mental Health Benefits When They Hear That Colleagues Use Them Too

Harvard Business Review

Novartis has trained more than 1,000 employees as Mental Health First Aiders to offer peer-to-peer support for their colleagues. While employees were eager for the training, uptake of the program remains low. To understand why, a team of researchers conducted a randomized controlled trial with 2,400 Novartis employees who worked in the UK, Ireland, India, and Malaysia.

Training 102
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Celebrating World Creativity and Innovation Day 2024

Innovation Excellence

Embracing Creativity and Innovation: A Pathway to Progress GUEST POST from Art Inteligencia In a world that is constantly changing, the only constant is the need for creativity and innovation.

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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