July, 2024

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Four Hidden Secrets of Innovation

Innovation Excellence

GUEST POST from Greg Satell Every enterprise needs to innovate. It doesn’t matter whether you are a profit-seeking business, a nonprofit organization or a government entity, the simple truth is that every business model fails eventually, because things change over time. We have to manage not for stability, but for disruption or face irrelevance.

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Gen AI is Coming for Remote Workers First

Harvard Business Review

Automation has historically impacted blue-collar jobs first, whereas white-collar jobs benefited. The wave of remote work brought on by the Covid-19 pandemic further empowered white-collar workers with more autonomy through remote work. However, generative AI is changing this narrative. Remote workers are now more susceptible to automation due to their tasks being digital and thus more easily automated, but also indicates large potential productivity benefits.

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Nothing creative is guaranteed to be a success

Idea to Value

Every time you produce something creative, there is a high chance that it might fail. It doesn’t matter if it is an innovative new product idea, a new song, or a new recipe. Whatever you produce, and no matter how successful you have previously been, it does not mean that customers will want what you have produced. For example, in recent years Hollywood films have more frequently begun to “bomb” at the box office, taking in less ticket sales than was expected.

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What is Open Innovation? Benefits & Best Practices

Qmarkets

The traditional approach to innovation, often termed “closed innovation,” relies heavily on internal resources and ideas to drive new developments. While this method has led to significant breakthroughs in the past, it comes with inherent limitations. Companies working in isolation may miss out on the vast pool of external knowledge and innovative ideas that could propel them forward.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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Recommending we change to the Composable Innovation Framework

Paul Hobcraft

Designing a Composable Innovation Framework During May and June 2023, I worked through and concluded my thinking on why we needed to change our Innovation approach. A radical change from far to often a linear one, into a new, more up-to-date, and dynamic solution for managing innovation. This solution recognises that innovation discovery all the way through to implementation is now so often non-linear and that is causing plenty of problems connecting all the understandings fully up in one manage

Change 162
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The Best Way To Overcome Resistance And Defeat Doubters: Start with a Resistance Inventory

Digital Tonto

The story of Blockbuster video is one that is often repeated, but rarely understood. The CEO, John Antioco, did not, as is frequently assumed, ignore the Netflix threat but devised an effective strategy to meet it head on. However, tensions with shareholders eventually boiled over, a salary dispute led him to resign and the strategy was abandoned. Antioco’s mistake wasn't a lack of a market strategy, but a lack of a resistance strategy.

Video 172

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The Top Innovation Management Software: HYPE Innovation recognized as #1 by Independent Research Firm

HYPE Innovation

Innovation management (IM) has evolved from merely managing ideas to encompassing the entire innovation lifecycle, including startup and technology scouting, trend management, open innovation, continuous improvement, employee engagement, and innovation portfolio management. This transformation is driven by the need for comprehensive solutions that strategically integrate diverse innovation activities, enabling structured processes and consistent outcomes.

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Read More Books

Destination Innovation

Here is a quick tip from the online course, How to be a Brillaint Thinker on Udemy. Check it out here: How to be a Brilliant Thinker Read More Books The post Read More Books appeared first on Destination Innovation.

Course 117
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How Biases About Motherhood Impact All Women at Work

Harvard Business Review

Women’s experiences as parents in the workplace are completely different from men’s. Men get a “fatherhood wage premium,” while mothers encounter a “motherhood penalty” in wages and advancement opportunities. One might think that women without children have workplace advantages on a par with their male counterparts. But they don’t. The maternal wall hinders all women’s careers, whether they plan to have children or not.

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Organizational Debt Syndrome Poses a Threat

Innovation Excellence

GUEST POST from Stefan Lindegaard Organizations face numerous challenges as they grow and evolve. One of the most significant challenges is the Organizational Debt Syndrome, a phenomenon that results from accumulated compromises and shortcuts taken in people, culture, and leadership practices over time.

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Driving Responsible Innovation: How to Navigate AI Governance & Data Privacy

Speaker: Aindra Misra, Senior Manager, Product Management (Data, ML, and Cloud Infrastructure) at BILL

Join us for an insightful webinar that explores the critical intersection of data privacy and AI governance. In today’s rapidly evolving tech landscape, building robust governance frameworks is essential to fostering innovation while staying compliant with regulations. Our expert speaker, Aindra Misra, will guide you through best practices for ensuring data protection while leveraging AI capabilities.

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Why You Often Need To Start Slow In Order To Go Fast

Digital Tonto

When I first moved overseas in 1997, email was still relatively new. There was no social media. Mostly, we communicated by landline and that was expensive. You couldn’t always reach who you wanted to, so things necessarily moved slower. We had to be more thoughtful because we didn’t really have any other choice. Today we live in a much more technological age, where many things move faster and we’ve come to expect nearly instant gratification.

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AWS Expands Public-Sector AI with $50 Million Investment

IdeaScale

Amazon Web Services (AWS) is making a significant push into the public sector with a $50 million initiative aimed at sparking innovation in generative AI projects. This bold move is part of AWS's continued expansion in government, emphasizing their commitment to driving technological advancement in public-sector organizations.

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Finding the right tools for CPG Innovation | Sopheon

Sopheon

The Consumer Packaged Goods (CPG) industry is experiencing a period of tremendous change. Shifting consumer preferences, a growing demand for health-conscious options, sustainable practices and ethical sourcing are forcing companies to continuously examine how they approach CGP innovation to stay ahead of competitors. Throw in exterior challenges like nimble startups and volatile supply, and it’s easy to see how difficult the CPG landscape is today.

Tools 105
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Continuous Improvement in Numbers: Key Findings from the Latest Idea Management Benchmark Report

Qmarkets

If you’re running an enterprise idea management or continuous improvement program, you’re probably obsessed with KPIs and metrics. You’ll be eagerly tracking the number of ideas generated and implemented, engagement rates, ROI, and various other aspects of your program. But how do you what numbers are ‘good’ and which are ‘bad’? Without context, any KPI can feel largely arbitrary.

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From Payroll Pains to Growth Gains: Streamlining Payroll & HR for Success

Speaker: Joe Sharpe and James Carlson

In the world of small business management, the challenge of managing payroll & HR efficiently while scaling operations can be overwhelming. Yet, with the right strategies in place, these challenges can become opportunities for growth and innovation. In this session, Joe Sharpe, Senior Director of Managed Payroll Services at IRIS, will reveal practical methods and expert insights for outsourcing and streamlining payroll processes, resulting in substantial time and resource savings.

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U.S. Commercial Real Estate Is Headed Toward a Crisis

Harvard Business Review

The risks of U.S. commercial banks being overexposed to commercial real estate (CRE) have intensified as the global pandemic upended long-held economic assumptions of perpetually subdued inflation, low interest rates, and in-office work. An analysis from The Conference Board suggests that in the next two years, more than $1 trillion in CRE loans will come due, and an increasing number of banks, mostly regional and community banks, risk having insufficient capital cushions.

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What is Your Purpose?

Innovation Excellence

GUEST POST from Robyn Bolton Purpose. Goal. Mission. You hear these words a lot this time of year. Not because it’s the start of the annual business planning cycle but because it’s graduation season.

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There Is No Secret Formula. Effective Leaders Need To Master Mode Shifting.

Digital Tonto

About a decade ago I made the trip out to see Brian Robertson, the creator of Holacracy, the leaderless management governance method. It was all the rage at the time, with high-flying firms such as Zappos and Medium adopting it enthusiastically. Brian was kind enough to spend a few hours with me, explaining the ins and outs of how it all worked. But even then I was skeptical and I told him so.

Course 156
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Turning Customer Feedback into Actionable Innovations: Don’t Let Your Goldmine Go Unmined!

IdeaScale

Customer feedback is a goldmine of insights for driving innovation. It reveals customer needs, experiences, frustrations, and suggestions – the very foundation for developing groundbreaking products and services. Yet, many companies struggle to translate customer feedback into actionable ideas. This leaves customers feeling unheard and businesses missing out on crucial opportunities.

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How To Drive Retail Results With Integrated Tech And UX Design

Speaker: Jennifer Wright and Nick Barron

Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.

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Finding Success With CPG Sustainability and Innovation | Sopheon

Sopheon

Consumer demand for sustainably produced products is surging, and CPGs must take notice. A recent study from McKinsey and NielsonIQ found that products that make environmental, social and governance (ESG) claims experienced 28% cumulative growth over a five-year period, compared to a 20% rate for companies that made no such claims.

Study 101
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Total Quality Management: The Key to Continuous Improvement

Qmarkets

Maintaining high-quality standards is a must for all businesses. Companies that fail to meet customer expectations for quality risk losing their market share and reputation. According to a study on the telecom industry, businesses that consistently implement robust quality management systems see significant improvements in customer satisfaction and operational efficiency.

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How to Integrate Cloud, Data, and AI Technologies — and Make Your Company More Adaptable

Harvard Business Review

Building a strong, flexible “digital core” that integrates cloud, data, and AI technologies to serve as an interconnected foundation for your company is the key to future growth. It is your means of supporting the current business drive toward efficiency and effectiveness, while remaining flexible enough to respond to the new needs of the organization and quickly adopt and scale the latest technology innovations.

Data 137
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What Top Innovators Do Differently

Innovation Excellence

GUEST POST from Greg Satell I’ve never really liked the phrase “innovate or die.” Why not, “finance or die” or “sell or die” or even “manage or die?” Clearly every business function is essential and no organization can survive without building some competency in all of them.

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Launching LLM-Based Products: From Concept to Cash in 90 Days

Speaker: Christophe Louvion, Chief Product & Technology Officer of NRC Health and Tony Karrer, CTO at Aggregage

Christophe Louvion, Chief Product & Technology Officer of NRC Health, is here to take us through how he guided his company's recent experience of getting from concept to launch and sales of products within 90 days. In this exclusive webinar, Christophe will cover key aspects of his journey, including: LLM Development & Quick Wins 🤖 Understand how LLMs differ from traditional software, identifying opportunities for rapid development and deployment.

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We Say We Want Change, But The Status Quo Almost Always Wins Out. Here’s Why:

Digital Tonto

We tend to see change as an engineering problem. There is a desired end state, so we design a logical strategy to achieve it, build a timeline and execute the plan. We expect some obstacles along the way, work to identify sticking points and maybe even devise some plans to address them. It seems that, with some will and determination, we should be able to push through.

Change 140
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Reality Strikes Back: How to Build Innovation Resilience in Uncertainty

IdeaScale

“This time feels different.” I’ve been hearing this from innovation practitioners and partners for months We’ve seen innovation resilience tested in times of economic uncertainty and geopolitical volatility. We’ve seen it flourish when markets soar and capital is abundant. We’ve seen it all, but this time feels different.

How To 130
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Cultivating an Anticipatory Culture: Strategies for Future Success

Daniel Burrus

A protect-and-defend mindset no longer guarantees success as technology evolves. Continuous innovation and education are the only ways for organizations to thrive and stay relevant in a rapidly evolving landscape. But if fostering a culture of innovation at your organization seems exhausting, it may be time for a shift in your leadership mindset — and more importantly, a shift in your organization’s culture.

Culture 93
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5 Tips for Launching a Successful Company Innovation Challenge

Qmarkets

Companies with structured innovation processes significantly outperform their peers in implementing new ideas and driving business growth. McKinsey’s findings suggest that companies fostering a strong culture of innovation excel in leveraging technology and accelerating their competitive differentiation. Structured innovation challenges play a pivotal role in this process, enabling businesses to tap into their employees’ creative potential and drive transformative results.

Company 93
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Data Modeling for Direct Mail: Boosting Multi-Channel Reach and Response

Speaker: Jesse Simms, VP at Giant Partners

This new, thought-provoking webinar will explore how even incremental efforts and investments in your data can have a tremendous impact on your direct mail and multi-channel marketing campaign results! Industry expert Jesse Simms, VP at Giant Partners, will share real-life case studies and best practices from client direct mail and digital campaigns where data modeling strategies pinpointed audience members, increasing their propensity to respond – and buy.

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6 Ways to Bring Strategy into Your Work Every Day

Harvard Business Review

Business leaders are expected to be strategic, and while organizational obstacles can prevent you from translating intent into strategic actions, so can your personal limitations and practices. It doesn’t have to be this way. Even when it feels like the odds are stacked against you, you have more choices than you may realize. Small decisions about where to focus and what to do throughout your day may feel inconsequential, but their impacts accumulate.

Strategy 136
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Are You Pursuing Efficiency at the Expense of Effectiveness?

Innovation Excellence

GUEST POST from Mike Shipulski Efficiency is a simple measurement – output divided by resources needed to achieve it. How much did you get done and how many people did you need to do it? What was the return on the investment?

Resources 109
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Explore the Best Operational Excellence Model | KaiNexus

Kainexus

" Operational excellence begins with having the right strategy, but it's realized through relentless focus on execution and continuous improvement. " Jeff Bezos - Amazon Operational excellence is crucial for business leaders aiming for continuous improvement because it establishes a framework for consistently delivering high-quality products and services while optimizing processes and reducing waste.

LEAN 82
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The 5 Keys to Corporate Longevity

IdeaScale

The quest for immortality is as old as humankind. From King Gilgamesh in 2100 BCE to Jeff Bezos and Larry Page, the only thing that stops our pursuit of longevity is death. So why don’t we apply this same verve and vigor to building things that last forever? Why don’t we invest in corporate longevity?

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How To Speak The Language Of Financial Success In Product Management

Speaker: Jamie Bernard

Success in product management goes beyond delivering great features - it’s about achieving measurable financial outcomes that resonate across the organization. By connecting your product’s journey with the company’s financial success, you’ll ensure that every feature, release, and innovation contributes to the bottom line, driving both customer satisfaction and business growth.