Thu.Jun 27, 2024

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Why Adjacent Innovation is Your Key to Managing Risk and Accelerating Growth

IdeaScale

It’s not easy leading innovation. Especially these days. You need to do more with less. Take risks while guaranteeing results. Keep up with competition through incremental innovation and redefine the industry with radical and disruptive innovation. It’s maddening. Until you find the Goldilocks Zone of adjacent innovation.

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Why Are Companies That Lose Money Still So Successful?

Harvard Business Review

In a well-functioning capital market, profits should be the sole criterion for firm survival; that is, firms reporting losses should disappear. Of late, however, loss-making firms are highly sought after by investors — often more than some profitable firms. Unicorns, or startups with valuations exceeding a billion dollars, are examples of such loss-making firms.

Company 122
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How To Create The IKEA Effect

Innovation Excellence

A Customer Experience That Will Be Appreciated GUEST POST from Shep Hyken When reaching out for customer service and support, most customers still prefer to communicate with a company or brand via the traditional phone call. That said, more and more customers are attracted to and embracing a do-it-yourself customer service experience, known as self-service.

How To 94
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How Smaller Companies Can Join the Circular Economy

Harvard Business Review

Even smaller and medium-size enterprises can become more sustainable by finding other companies that need their waste. Pursuing those opportunities — and becoming part of the circular economy — entails four steps: take stock of your materials flow, seek collaboration opportunities, leverage digital marketplaces, and treat going circular as a major change program.

Company 107
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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Building a Business Case for Idea Management – FAQs – Video

Qmarkets

Watch this recording to learn how to stay focused in an everchanging world with the right organizational approach to innovation management. Julian Eberling from innovation management consultancy Lead Innovation will show you how to develop an effective scouting strategy and create the necessary processes and structures, before Qmarkets’ Carol Wright demonstrates how our Q-scout software can be seamlessly integrated to solve the most pressing pain points in practice.

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AI Success Depends on Tackling “Process Debt”

Harvard Business Review

Typically, organizations in the midst of transformation efforts spend significant time and resources trying to correct massive amounts of “technical debt” — the price of years of short-term decisions and prioritizations that result in an overly complex technological infrastructure. But equally challenging is managing organizations’ often undiscussed “process debt” — the build-up of often antiquated, functionally isolated, and customer-disconnected ways of doing work.

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7 Reasons to Cut Tech Bloat

Planview

The recent proliferation of digital enterprise tools has allowed organizations to simplify and automate processes, reduce development time, and leverage new efficiencies. Overall, this has been a boon to organizations. But as companies have adopted more standalone tools for nearly every business activity imaginable, their ecosystems have become tangled with apps and software.