Sat.Jul 03, 2021 - Fri.Jul 09, 2021

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The Power of the Outsider Mindset

Destination Innovation

Elon Musk. What do the following people have in common? Levi Strauss, Henry Ford, Estee Lauder, Walt Disney, Elon Musk, Arianna Huffington, Sergey Brin? They are all famous entrepreneurs who founded successful new businesses. But also they are all immigrants or the children of immigrants. According to the Entrepreneurs Network , while just 14% of UK residents are foreign-born, 49% of the UK’s fastest-growing startups have at least one foreign-born co-founder.

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Red pill or Blue pill innovation

Jeffrey Phillips

As readers of this blog (and you know who you are) are bound to know by now, I am a movie fanatic. I love good movies, average movies, older movies and so forth. I like movies that I can quote, and also like movies that are based on my favorite books. I am one of those people who is constantly astounded when I say " African or European swallow " and people give me a blank look.

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4 Things Every Business Leader Should Know (But Most Don’t)

Digital Tonto

The truth is that leadership is the art of managing the ambiguous, or as Stanley McChrystal has put it, “a complex system of relationships between leaders and followers, in a particular context, that. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Kill a stupid rule: an amazing way to reduce red tape

Idea to Value

A few years ago I had a very interesting discussion with Lisa Bodell , CEO of Futurethink and bestselling author of innovation books Kill the Company and Why Simple Wins. She told me about how most employees waste far too much time in meetings and answering emails. They were too busy to get any real work done throughout the day. In effect, busyness is getting in the way of their business.

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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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Our innovation era: creative destruction or destructive creation- which?

Paul Hobcraft

I keep coming back to the dilemma often faced in innovation- do we practice “creative destruction” or “destructive creation? We are entering some perilous times in climate change and what this will mean in destruction in what we know, what we value and what we are used to. I can’t imagine when Joseph Schumpeter outlined his groundbreaking efforts for explaining “ creative destruction ” he or anyone else could imagine this being flipped around to what we are facing more of today

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Crowdsourcing: Diversity and Inclusion in Innovation

IdeaScale

On June 25, 2021, the president signed an Executive Order (EO) to advance diversity, inclusion, and accessibility (DEIA) in the Federal workforce. The EO “charges all agencies with assessing the current state of diversity, equity, inclusion, and accessibility within their workforces and developing strategic plans to eliminate any barriers to success faced by underserved employees.

More Trending

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How to tell when it is the right time to walk away

Idea to Value

It is one of the most painful things to do. But at the same time, one of the most important. Walking away from an idea or project which is just not working. In some cases this can mean literally moving on and walking away, to another team or project. But in most cases, walking away means moving your focus to something different. Every innovation team or creative person will encounter a situation where no matter how much effort you put in, it seems like the idea is going nowhere.

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Our innovation era: creative destruction or destructive creation- which?

Paul Hobcraft

I keep coming back to the dilemma often faced in innovation- do we practice “creative destruction” or “destructive creation? We are entering some perilous times in climate change and what this will mean in destruction in what we know, what we value and what we are used to. I can’t imagine when Joseph Schumpeter outlined his groundbreaking efforts for explaining “ creative destruction ” he or anyone else could imagine this being flipped around to what we are facing more of today

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How To Create A Concrete Roadmap for Innovative Ideas

IdeaScale

“The hard part is implementation” – that’s what I hear over and over from innovators. It is very easy to get lost and overwhelmed with decisions and nuances when you’re molding an idea into a functioning offering. A product roadmap helps you plan and align key features and goals into a clean, easily digestible format. . Instead of having concepts and action items disjointedly existing on spreadsheets and scratchpads, a product roadmap has actionable steps with quantifiabl

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Is South Africa the Next Silicon Valley?

InnovationManagement

When you think of the most innovative places in the world, what do you picture? Silicon Valley and its array of tech startups? Tokyo, because it has the highest number of patents filed worldwide? London, where over 15% of the workforce is employed in the tech sector? Or are you imagining somewhere else? The post Is South Africa the Next Silicon Valley?

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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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Delighting customers with less

Idea to Value

Sometimes, less is more. I just had a wonderful experience which reminded me that in order to add value to your customers, you don’t always need to find new things to add and new features for everything. It is human nature to try and solve problems by adding more , rather than focusing on less. But we were just at a little family restaurant which showed that this is not the only way.

Strategy 280
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Strategy Development: The Key Principles

Cascade Strategy

There is no right or wrong way to build a company strategy. That was very clear at the 2021 Strategy Fest where we heard a range of different speakers bring their own perspectives, tools, and frameworks to the table that have worked for them in the past. Because business is so nuanced and multi-faceted, you’ve got to find your own way. You’ve got to build a strategy that’s going to be effective for your unique use case.

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Help with Cross Functional Teams

CMOE

Help! Is It Possible to Improve Teamwork in a Cross-Team Environment? How Do I Do it? The above question is one that is frequently asked by customers and clients who are experiencing a variety of team challenges that exist across the enterprise. The increasing complexity of organizational structures (or lack thereof) can often lead to several unique issues as cross-functional teams look to cooperate and create meaningful long-term performance while trying to discover efficiencies and build bette

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Some Summer Silver Linings

100%Open

So far, the UK’s weather this summer has been questionable at best, torrential at worst. After the year we’ve had, it would be nice to have some sun, but sometimes silver linings have to do. We definitely like to see the silver linings here at 100%Open: in fact, it’s often the times of stress and pressure and dead-ends that produce some of the most creative thinking.

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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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Podcast S5E123: Marcus du Sautoy – The Creativity Code

Idea to Value

In today’s episode of the Idea to Value Podcast, we speak with Professor Marcus du Sautoy. Prof du Sautoy is widely known for his work to popularise mathematics, is the Charles Simonyi Professor for the Public Understanding of Science and author of the bestselling book The Creativity Code: Art and Innovation in the Age of AI. We speak about the link between Artificial Intelligence and Creativity, and how these two worlds are coming closer and closer together.

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How Customer Segmentation Impacts Strategic Decision Making

Cascade Strategy

One of the most resonant themes that we saw coming out of the Strategy Fest was how important understanding your customer base actually is. As strategists, we can often get caught up with preconceived notions as to who our ideal buyer is, and it doesn’t always match up with the real customers that are coming through the door. As such, dedicated customer knowledge projects that aim to collect this sort of information and let that inform strategic thinking are extremely important.

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Trending Questions

InnovationManagement

What is a trend, and other questions answered by Sébastien Van Laere, Co-founder of Superframe, an agency using insight and foresight to develop brand-, innovation- and business strategy for some of the biggest global brands. The post Trending Questions appeared first on InnovationManagement.

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4 Steps For Enhancing Environmental Scanning Capabilities

ITONICS

End2End Innovation Management begins by asking the fundamental question, Where to Play. Answering this question relies on several congruent activities and internal capabilities that primarily fall within the discipline of Foresight and Strategy. Organizations equipped with strong Foresight capabilities can align their strategy with future scenarios and build resilience in an increasingly uncertain and competitive landscape.

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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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Cells that fire together, wire together

Idea to Value

It’s a phrase that if you are interested in creativity, it is worth remembering. As I described in my previous article about myelin , neuronal cells that have previously fired together in a network can have that network strengthened. As a result, the brain will find that network more effective than other networks which are not used as frequently.

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The Importance of a Plan B

Cascade Strategy

If we’ve learned anything from the last 18 months, it’s that the world is much more uncertain than we could ever have imagined. The COVID-19 pandemic has forced businesses around the world to reimagine what their offering looks like in these crazy times, with many of them scrambling to pivot their organization in order to stay afloat.

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Podcast E28: Randomness Is Not Random

Stephen Shapiro

We assume randomness lacks a pattern. But there are inherent patterns in randomness. Unfortunately, our brain is wired to find patterns even when they don’t exist in order to create shortcuts that speed decision-making. But what if this very process can lead us down the wrong path? In this episode, I start with a fun experiment where I show my (pseudo) psychic abilities.

Study 59
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Understand the Benefits of an Omnichannel Business

mjvinnovation

Omnichannel is a type of communication and sales channel integration strategy. It is keeping in line with Digital Transformation and providing greater insight into the process of understanding customer needs. Widely used by traditional retailers, the term gained strength again with the intense business transformation we experienced in 2020-21 due to social distancing.

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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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The Time is Now: Make Your IT Future-ready with Modernization

Acuvate

The Time is Now: Make Your IT Future-ready with Modernization Recently, IBM surveyed 380 CIOs and CTOs from mid-sized and large enterprises in the UK and US. The survey findings will give you a fair picture of where today’s businesses stand in terms of being future-ready. State of Being Future-ready in 2021 60% – Business […]. The post The Time is Now: Make Your IT Future-ready with Modernization appeared first on Acuvate.

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How Supply Chain Analytics Enhance Innovation, Transparency & Agility

Cascade Strategy

Using traditional supply chain execution strategies is getting increasingly onerous due to a jumble of various software systems, price challenges, and ever-increasing consumer demands. Recent economic implications include the outbreak of a pandemic, increasing fuel costs, the global financial crisis, supplier networks that have collapsed or relocated offshore, and greater competition from low-cost outsourcers.

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RESKILLING AND UPSKILLING PEOPLE AND TEAMS

ImagineNation

The pandemic has increased the pace of change in a digitally accelerated world, and at the same time, it is forcing organisations, leaders, and teams to become more purposeful, human, and customer-centric. Where managing both the future and the present simultaneously requires people to unlearn what has worked in the past and relearn new mindsets and behaviours as to what might be possible, useful, and relevant in the future.

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The Worlds' First Free the Genie Poem All the Way from Australia

Idea Champions

This just in from Mohammed Azim, Director of the English Department at Al Siraat College in Melbourne, Australia. Mohammed is a certified facilitator of Idea Champions' online Free the Genie brainstorming tool and, in recognition of it's value, has just written the following poem. Mohammed is one of my heroes -- a passionate, creative, committed educator with a great sense of humor and a sparkle in his eye.

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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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Avoiding the Tough Decision: Do We Prefer Bad News?

Michael Roberto

Source: Inc.com How much do we hate making tough decisions? A great deal! In fact, we dislike that process so much that we might just prefer a worst case scenario. Why? In that situation, the decision no longer rests in our hands. We are forced to select a course of action, rather than having to consider several options. This preference for the worst case has been identified in new research published in the Journal of Consumer Researech.

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Strategy is a Verb

Cascade Strategy

When we think about the traditional conception of what business strategy is, we often think of it as a noun. It’s a plan that we create, that lives in some formal document, and is supposed to act as the codification of the direction in which the company is planning to go.

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Micro-moments: discover what your user wants at every moment of their journey

mjvinnovation

The consumer journey has been fragmented with the consolidation of the digital marketplace and the mobile experience boom. Since then, we have witnessed a fundamental transformation in consumption. Digital transformation has immensely impacted the way we consume and the purchasing process. Micro-moments are Google’s take on the changes in consumer behavior and purchase journeys.

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8 Tips for Managing Your Business with a Mix of In-Office and Work from Home Models

The Human Factor

The COVID-19 pandemic has introduced a new method of operation in companies that has become the new normal and is here to stay. The work-from-home culture has caught on rapidly, with professionals in a variety of different sectors embracing it enthusiastically. However, this work model does have its drawbacks and challenges. Certain weak spots need special attention for your team to function at maximum efficiency when working remotely.

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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.