August, 2016

article thumbnail

Balancing Exploitation & Exploration for Changing Performance

HYPE Innovation

“Being ambidextrous” in organisations is the ability to successfully combine the exploiting of all the investments that have been made to date, to constantly build on these achievements by exploring new areas and opportunities. This calls for dual thinking and organisational design to optimise the two orientations. We are striving to maximise the existing utility, usually through continuous improvements, exploiting incremental advancement, combining this with the need of exploring beyond the exi

Change 178
article thumbnail

Consulting Industry Being Attacked on Three Sides

Braden Kelley

The worlds of employment and business are becoming increasingly turbulent as the stability of the enterprise grows ever shorter, the loyalty of the enterprise to its people faces extinction, and the wealthy countries of the world stand at a precipice … Continue reading →

Industry 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Exploring the Rich Tapestry within the Three Horizon Framework

Paul Hobcraft

Within our ‘business as usual’ attitudes, there actually lies the seeds of destruction. Today there is a relentless pace; we are facing stagnation in many maturing markets if we don’t evolve. Yet we actually subvert the future to prolong the life of the existing. We need to frame our innovation needs differently for exploring and exploiting innovation across different time horizons to move beyond the usual.

article thumbnail

A New Era Of Innovation

Digital Tonto

Without trusty old paradigms to guide us, we’ll soon be largely operating in the realm of the unknown. It will no longer be enough to be agile and disrupt, we will have to discover and. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Agile 146
article thumbnail

Generative AI Deep Dive: Advancing from Proof of Concept to Production

Speaker: Maher Hanafi, VP of Engineering at Betterworks & Tony Karrer, CTO at Aggregage

Executive leaders and board members are pushing their teams to adopt Generative AI to gain a competitive edge, save money, and otherwise take advantage of the promise of this new era of artificial intelligence. There's no question that it is challenging to figure out where to focus and how to advance when it’s a new field that is evolving everyday. 💡 This new webinar featuring Maher Hanafi, CTO of Betterworks, will explore a practical framework to transform Generative AI prototypes into

article thumbnail

Innovation: management versus enablement

Jeffrey Phillips

I love innovation. I love all facets of it: the discovery of new needs, the creativity to discover new solutions, the realization of those new ideas as new products and services. What concerns me sometimes is the way in which we attempt to implement innovation, because we are likely to constraint it at just the time we need the most innovation. You'll see a lot of talk about "innovation management".

article thumbnail

Measuring Silos Across the Organization – the Silo Index (Si) – breaking down silos to boost innovation

Imaginatik

Do your employees collaborate across the organization? Or are they stuck in disparate silos, working only with their organizational neighbors? You may have an intuition for whether your employees are stuck in silos, but how are you measuring it? We know that a lack of collaboration can lead to misaligned priorities, lack of information flow and poorly coordinated decisions.

Ideation 100

More Trending

article thumbnail

How the current patent system actually hurts innovation (and how patent trolls are being fought)

Idea to Value

One of the most common questions I get asked when talking to companies about their issues with innovation is “how do we prevent someone stealing our ideas? Should we get them all patented?” Unfortunately, the answer to that isn’t so simple. And that is because the current system for getting patents is in many ways no longer in line with how the world’s businesses work.

System 115
article thumbnail

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

The use of crowdsourcing : the goal for me, is to engage and move the crowd towards a new direction, by encouraging out individual thinking and discovery, searching for combining these contributions; ones that lead to novel, new answers that move a challenge forward into a solution, one that has improved value over the existing. The community is encouraged to form, lead and build, taking ideas and thinking onto discovery journeys, seeking out and building on each other’s contributions.

article thumbnail

The Many Types of Innovation

Destination Innovation

The simplest way to categorize innovation is into two types – incremental and radical. Incremental innovation is an improvement in an existing thing (e.g. product, process or service). Radical innovation is finding an entirely new way of doing something. For example if you had been making spectacles in the 1950s then plastic lenses instead of glass lenses would have been an incremental innovation.

article thumbnail

Shifting budgets from advertising to innovation

Jeffrey Phillips

OK, I don't have a self-driving car and already I'm sick of hearing about them and their potential. Just like I don't have a virtual reality headset made out of cardboard and an iPhone, but I'm tired of hearing about virtual reality. The reason I'm tired about hearing about VR and autonomous vehicles is that they are overhyped technologies that don't yet solve important problems.

article thumbnail

Leading the Development of Profitable and Sustainable Products

Speaker: Jason Tanner

While growth of software-enabled solutions generates momentum, growth alone is not enough to ensure sustainability. The probability of success dramatically improves with early planning for profitability. A sustainable business model contains a system of interrelated choices made not once but over time. Join this webinar for an iterative approach to ensuring solution, economic and relationship sustainability.

article thumbnail

Why Some Innovation Leaders Last – and Others Don’t

Imaginatik

A year or two ago, Imaginatik calculated the average job tenure of the Chief Innovation Officer at less than two years. The figure was based solely on some quick-and-dirty web research. But if true, two years is a very short period of time to effect meaningful change – and a substantially shorter average tenure than many other senior corporate roles.

article thumbnail

Challenge configuration has never been this easy

Exago

Creating and editing challenges for your innovation management initiative just became easier with our Idea Market 3.5 release. We’ve aggregated challenge configuration fields into a sleeker and better structured page, thus facilitating configuration adjustments. Three tabs are now available on. Read More. The post Challenge configuration has never been this easy appeared first on www.exago.com.

article thumbnail

Innovation: How to Recruit and Retain Top Millennial Talent

Idea to Value

As discussed in the new innovation book Robert’s Rules of Innovation II: The Art of Implementation , one of the biggest reasons why the actual implementation of innovation can become such a formidable if not insurmountable process is because of people-related issues. A key element to successfully implementing innovation is finding and keeping the right people.

How To 104
article thumbnail

Is Innovation Capital important to us?

Paul Hobcraft

Perhaps we are failing to recognise the importance of our Innovation capital, stopping to ask how really valuable knowing this is to us? Should we care, does it matter? I would argue it does, increasingly so. Within our innovation capital lies the future of the organisation and holds one of the really important ‘golden keys’ to the sustaining performance of the company and its future growth potential.

article thumbnail

Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

article thumbnail

An Ideas Boom is a Good Start, But What We Really Need is an Impact Boom

Tim Kastelle

Who discovered penicillin? Most people know the story of Alexander Fleming’s accidental discovery in his lab. But here’s the tougher question: who turned penicillin into a life-saving antibiotic? The answer to that is: a team led by Howard Florey. The fact that many more people know about Fleming than Florey is a big problem. Fleming’s feat took knowledge, skill, and preparedness.

LEAN 155
article thumbnail

The basket of bad ideas scenario

Jeffrey Phillips

So, over my resistance, my teenage son encouraged, no demanded, that we go to see Suicide Squad, the latest in a series of "superhero" movies intended to entertain us and drive profits for Hollywood. Much as I expected, the movie was poorly plotted, poorly acted, a virtual pastiche of every hero movie ever made. You could basically predict every scene, what key actors would say or do.

article thumbnail

Cosmetic vs. Strategic Innovation

Imaginatik

The word Innovation looms large in the word cloud of the American business lexicon. It is routinely found in vision statements, motivational posters, corporate lobbies and, more recently, on business cards and LinkedIn profiles. There is no doubt that many businesses and business leaders have recognized the importance of innovation as an organizational competency.

article thumbnail

Idea Market 3.5 release helps you see clearer ahead

Exago

Exago’s 3.5 release comes with a new contextual navigation feature. It is designed to keep participants context-centred, helping them know exactly where they are, at all times, and where they can head to next. Upon landing on the platform’s homepage, Read More. The post Idea Market 3.5 release helps you see clearer ahead appeared first on www.exago.com.

article thumbnail

Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: David Nisbet, 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.

article thumbnail

Ask Childlike Questions

Idea to Value

Edwin Land was an American inventor who had studied Chemistry. In 1943 on holiday in Santa Fe he took a photograph of his three year old daughter, Jennifer. She asked why she could not see the result straight away and she kept asking why. Land pondered this question and an idea formed in his mind. He went on to develop the Polaroid camera, a revolutionary product which sold over 150 million units and made Land into a celebrity.

article thumbnail

So Are You Thinking Crowdsourcing?

Paul Hobcraft

this source: [link]. Crowdsourcing does have a real potential in my mind but does seem to have some formidable issues to work through, to be well understood and managed. Partnering with experts in this field will help overcome many of these barriers or at least have reassuring suggestions for resolving them. Let’s take a look at some of these here in this post.

article thumbnail

Think Like an Innovator

Destination Innovation

Paul Sloane introduces Think like an Innovator, his new book published by Pearson. It contains inspiring insights and powerful lessons from 76 great innovators ranging from Pythagoras to Bowie, from Madonna to Marie Curie. ‘Invaluable tips on how to change your mindset and see great innovation opportunities.’ Professor Moira Clark, Henley Business School. ‘A refreshing, engaging, insightful adventure into the hearts and minds of inspiring leaders.’ Ajaz Ahmed, Founde

Tips 100
article thumbnail

Do you speak my language?

Jeffrey Phillips

I stumbled upon a nice article that deals with a very important issue for any corporate innovator: how to communicate what you are doing, why you are doing it and why it matters to executives. The article was published in the MIT Sloan Management Review and is entitled When innovation meets the language of the corner office. The article notes that innovators often use different terminology when describing their work or tools (eg customer experience journey) and have different deliverables, proje

article thumbnail

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

article thumbnail

Towards a New Language of Value - from the perspective of business ecosystems

Imaginatik

Mark, CEO of a Fortune 50 company, was fielding questions from Wall Street regarding the amount of investment he was putting into different types of innovation, particularly what his company calls “WoW-based Innovation” – e.g., breakthrough innovation designed to create net new lines of business greater than $500 million / year. "When will you get a return on its WoW investments?

article thumbnail

How Lean Startup Techniques Can Work Even Better For Established Businesses

Digital Tonto

While small, agile firms can move fast, larger enterprises have the ability to move deliberately. They have loyal customers and an abundance of resources. Related posts: How IBM Plans To Help. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

LEAN 86
article thumbnail

The story of Kelvin Doe: The poor Sierra Leone teen who wowed M.I.T.’s engineers

Idea to Value

This 15 year old taught himself engineering and managed to use scrap to build working generators, batteries and even an FM Radio Transmitter. The video above shows the fascinating story of Kelvin Doe. He is a child from a very poor district of Sierra Leone’s capital city Freetown. The area is in such rough shape, with electricity […]. Originally published at The story of Kelvin Doe: The poor Sierra Leone teen who wowed M.I.T.’s engineers.

Video 144
article thumbnail

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. It can hold a key for us to help solve vexing questions, real challenges, and connect different voices, that builds into a community that can combine and open up the fields of opportunity for new solutions. Crowdsourcing does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community n

article thumbnail

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

article thumbnail

An Innovation Lesson from Medicine – Random Trials can prove cause and effect

Destination Innovation

For centuries doctors tried different remedies for treating illnesses and diligently observed what happened. But they were unable to be certain what caused the outcomes that occurred. When the patient recovered that seemed to vindicate whatever treatment had been used – even it was bloodletting or the application of leeches. The big innovation which transformed medical research and saved countless lives is the Randomised Controlled Trial (RCT).

Groups 107
article thumbnail

15 Things to Look for in a Business Collaboration

BrainZooming

I mentioned upcoming business collaboration opportunities for Brainzooming yesterday , including co-presentations, creating content, and developing new workshop and training offerings. What to look for in a business collaboration? Shame on me, but I’ve never put the criteria I look for from a business collaboration into the type of strategic decision making tool we develop for clients.

article thumbnail

PBTO39: The Importance of Serendipity and The Courage to Defy Conventions with Sairee Chahal

Rmukesh Gupta

Who is on the show today. In this episode, we host Sairee Chahal. Sairee is currently the Founder & CEO of Sheroes.in. Why is she on the show. Sairee is a finalist for the Cartier Women’s Award Initiative for 2012 , a TED speaker. She was named one of the Most Powerful Women in Indian Business 2012 and has been featured on shows like Young Turks, Pioneering Spirit and What Women Want.

article thumbnail

4 Things We Need To Do To Boost Innovation And Entrepreneurship

Digital Tonto

A free enterprise system is merely a starting point. We can only truly win the future if we invest in it. Related posts: We Need To Accelerate Innovation—Here’s How: What Should We Do When The. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

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