Thu.Mar 14, 2024

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Focus on doing fewer things in order to make progress faster

Idea to Value

Often, when trying to make progress towards an innovative challenge there are thousands of things you could be doing. Examined individually, each of these actions look like they could bring you closer to your end goal. Or worse, they may each be different goals which all seem equally appealing and worth putting effort into. However, if they are each taking up your time and effort, the result is often time working ineffectively, working towards targets which are not aligned and where you end the

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Addictive, exclusive, experience: Critical factors for new products or companies

Jeffrey Phillips

I had quite a day yesterday, meeting with a potential partner at Starbucks, getting my iPhone repaired at the Apple store and a number of other activities. Along the way I encountered a couple of very successful companies: Starbucks, where I met a potential partner, Apple, where I went to get some repairs done on my iPhone and Chik-Fil-A, which was down the hall from the Apple store.

Company 120
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Harnessing Imagination to Drive Innovation

Harvard Business Review

The decay of rules-based trade means that companies can no longer find growth as easily by expanding to new locations, or expanding demand through low-cost single point sourcing. In this context, companies seeking growth must develop innovative offerings to expand demand. These offerings are, essentially, products of imagination — conceiving of and realizing new possibilities — a challenge that companies struggle with.

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10 CX and Customer Service Predictions for 2024 (Part 2)

Innovation Excellence

GUEST POST from Shep Hyken As promised, I’m back with the second part of my top predictions and trends for 2024 in the world of customer service and customer experience (CX). You can read the first five here. So, let’s get started with No. 6. 6.

Trends 104
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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What French Bakeries Get Right About Strategy

Harvard Business Review

One would think that if you run a traditional consumer business that can’t compete on costs with more efficient competitors, you would want to avoid them like the plague. But a study of boulangeries in Lyon, France, found that by locating next to more efficient “modernist” rivals, “traditionalists” were able to better highlight their traditions and value and win.

Strategy 127
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Putting People First In The Innovation Process

Entrepreneur - Innovation

Placing people at the heart of innovation ensures a more resilient, adaptive organization poised to achieve sustained success in a dynamic marketplace.

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Leadership Tips for Building a Culture For Innovation

Cris Beswick

In today’s business landscape, characterised by rapid technological change, evolving customer expectations, and non-traditional competitors, building the organisation-wide capability to innovate continuously is more vital than ever. With many companies launching one-off initiatives, products, and propositions, it’s become a marketing department’s dream to profess that the company is now innovative.

Culture 59
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Business Model Innovation: 5 Frameworks for Success

Qmarkets

At its heart, business model innovation is about change. It’s a way for businesses to look at what they do and ask, “Can we do this differently?” This isn’t just about adding a new product or tweaking a service; it’s about shaking up how a business operates from the ground up. Why? Because the world doesn’t stand still.

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Everything in One Place: Data Governance Best Practices for R&D

ITONICS

In the world of innovation, Kodak serves as a stark reminder of what can happen when a company’s departments operate in silos, and R&D intelligence is disconnected. This blog will take you through pitfalls and best practices for R&D data governance, illustrating the importance of interdepartmental collaboration and synergy.

Data 36
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Your Free the Genie Facilitator

Idea Champions

Mitch Ditkoff is the creator of Free the Genie and the Co-Founder of three consulting companies dedicated to unlocking and unleashing brilliance in the world -- Idea Champions , SageCatalysts and FaceTheMusic. Since 1987, he has been working with more than 100 organizations in 11 different countries to help thousands of aspiring innovators discover how to tap into their innate creativity and transform bold possibilities into bottom line results.

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Prepare Now: 2025s Must-Know Trends For Product And Data Leaders

Speaker: Jay Allardyce, Deepak Vittal, and Terrence Sheflin

As we look ahead to 2025, business intelligence and data analytics are set to play pivotal roles in shaping success. Organizations are already starting to face a host of transformative trends as the year comes to a close, including the integration of AI in data analytics, an increased emphasis on real-time data insights, and the growing importance of user experience in BI solutions.