March, 2017

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We Don’t Need More Mousetraps!

Tim Kastelle

Imagine an island country where the only industry is making mousetraps – let’s call it Mousetrapia. And the people that live there are incredibly creative. Consequently, they invent new mousetraps constantly, and they patent them as well. They patent so many mousetraps that the number number of patents per capita for Mousetrapians is among the best in the world.

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13 Great Questions to Choose from for your next Management Meeting

Destination Innovation

Most management meetings are dull affairs stacked full of short-term urgent problems that need fixing. Discussions focus on routine operational issues and of course these things have to be addressed. However, from time to time you and your team should lift your heads and think about a bigger, brighter future. You should brainstorm strategic and innovative options.

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Strategic and Innovation Alignment: the Choice Cascading Model

HYPE Innovation

So many organizations struggle between their strategic goals and how the innovation activities can truly fit to achieve the level of contribution that is expected. According to numerous surveys it seems innovation fails align and make the final delivery of translating a potentially exciting idea into a valuable contribution that advances the strategic goals, only contributing into operational objectives, of growing and protecting the existing business.

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Business Needs Innovation Ecosystems

Paul Hobcraft

The significant transformation taking place around exploiting technology and digital management has made ecosystems and platforms a mainstream prospecting need, in most of our businesses today. We must engage in what all of this means and its business impact. I certainly believe the ecosystem approach will increasingly become the main value-producing stream for innovation delivery.

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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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Better looking and more clever than ever, this is our Fox Edition

Exago

Exago’s 3.6 idea management software release is a major leap forward from the previous versions. With a brand new homepage look and feel, it offers additional idea review gates and a more comprehensive evaluation process, as well as more effective communication mechanisms. The post Better looking and more clever than ever, this is our Fox Edition appeared first on www.exago.com.

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Innovation is about finding and discovering

Jeffrey Phillips

I've been thinking a lot about the challenges that midsized and larger companies face when trying to do more innovation. It's not a secret that they need to do more innovation; everyone knows this. It's not really a secret what innovation is, or what the potential benefits might look like. We've seen the results of good innovation in the marketplace.

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Ten Tips for Story Tellers

Destination Innovation

One of the best ways to get your message across is with stories. Facts and data can be persuasive but many people prefer a story. So how can you craft a good story? Here are some hints which work in most situations including social, political or business settings. Don’t tell theoretical stories. Talk about real people and what happened to them.

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Your lazy brain: Why thinking is actually uncomfortable

Idea to Value

A fantastic video by Veritasium which shows how your brain usually reacts instinctively, because that is more energy efficient that actually working on a challenge. In the video above, Derek Muller shows us experimental evidence of what is known as System 1 (fast thinking) and System 2 (slow thinking). It is a concept which I have loved since I originally read Thinking Fast and Slow by Professor Daniel Kahneman, which outlined the results of experiments showing how our brains react when asked to

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Platform Thinking: Reusing Hard-Won Knowledge

HYPE Innovation

Watch any group of kids playing with Lego and you’ll quickly get the idea behind platform thinking. A small number of standard modular components linked to a basic architecture – and you can build almost anything! Close your eyes and very soon you’ll be enjoying yourself remembering playing with those coloured bricks, wheels and other components. And whilst you may have bought a particular model most of the pleasure comes from reassembly into new and unplanned designs.

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First, ask what your innovation purpose is

Exago

What is your company’s innovation mission? And how does your initiative take part in carrying it out? The post First, ask what your innovation purpose is appeared first on www.exago.com.

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

Speaker: Jay Allardyce, Deepak Vittal, Terrence Sheflin, and Mahyar Ghasemali

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.

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Setting yourself apart through Innovation

Paul Hobcraft

Breaking News : “ Over the past 15 years, a portfolio of stocks based on the Innovation Leaders analysis has repeatedly outperformed all major indexes. Average return has been 14.5% CAGR and in 2016 , growth was 18.9% – significantly higher than S&P500, NASDAQ and FTSE 100. Year after year, this analysis has proven that those firms identified as being the most effective innovators consistently outperform their peers and the market.” Now is that surprising?

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Is Innovation Just a Buzzword?

IdeaScale

I moved to the Bay Area three years ago for an exciting new job with IdeaScale. From the first week in town I was meeting new people constantly—people here really love networking. It was amazing, it was exciting, it was … endless. When everyone is looking for their next opportunity, social gatherings can easily resemble games of buzzword BINGO. Conversations often start with, “Do you work at a startup ?

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Is ‘Jobs to be Done’ the Road Map for Innovation?

Destination Innovation

Competing Against Luck is the rather curious title of a new book by the eminent innovation guru, Clayton Christensen, ably assisted by three acolytes, Hall, Dillon and Duncan. It is an important work which makes some big claims. The authors expound and develop the theory of ‘Jobs to be Done’ and they assert that for the first time this gives a road map for where and how a company should innovate to undermine established leaders or create new markets.

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How Carbon Fibre really works

Idea to Value

You have most likely heard of Carbon Fibre, the ultra-tough, lightweight material made of microscopic carbon tubes but which is stronger than steel. But have you ever thought about how it is actually produced? And why it is still so expensive? In the video above, we get a great rundown of what Carbon Fibre is, how it gets its fantastic properties, and why it is currently still so difficult and expensive to manufacture.

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How To Select the Right Software for Innovation Management

Finding the right innovation management software is like picking a racing bike—it's essential to consider your unique needs rather than just flashy features. This oversight can stall your innovation efforts. Download now to explore key considerations for success!

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Here’s Why You Should Think Twice Before Listening To Business Gurus

Digital Tonto

Simple rules always get more complicated when you try to apply them to the real world. Related posts: The One Big Reason Every Business Needs To Embrace Complexity. How To Make Your Digital Business. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Why innovation drives engagement among Generations Y and Z

Exago

If given the choice, one in four Millennials would now leave their current employer to join a new organisation or do something different. The post Why innovation drives engagement among Generations Y and Z appeared first on www.exago.com.

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Is innovation really important to you?

Paul Hobcraft

How can we establish Innovation as the vital link to a process of change and strategic direction options? One that lifts the debates of managing today’s business by linking it into the future and then turning this thinking into a series of plausible and coherent set of activities? Innovation can drive change, change is required. Without innovation, we progressively die, as we provide no option for change, no prospects of new, different growth.

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Five Components of a Repeatable Innovation Portfolio

IdeaScale

Creating a repeatable innovation portfolio helps you plan more efficiently, scale resources, and gain insight for the growth of your innovation program. There are five key elements of a repeatable innovation portfolio: Opportunity Identification and Campaign Creation. Idea Collection and Inspiration. Proposal Generation. Implementation. Performance Tracking.

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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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Do Something Different – Lateral Thinking in Sales and Marketing

Destination Innovation

Why do we keep doing more of the same things? Is it because they are familiar and easy? Is it because we are lazy? Or are we scared that if we try something new it might not work and we will look foolish? Perhaps we need a reminder that creative and different approaches sometimes work really well. I have been rereading Do Something Different by Jurgen Wolff.

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The myth of a better mousetrap: A case study in bad innovation

Idea to Value

One of the most famous quotes about innovation goes as follows: Build a better mousetrap, and the world will beat a path to your door. Unfortunately, this is not how innovation works. It was apparently attributed to Ralph Waldo Emerson (although it turns out this was a misquotation) and tells people that if you create a better product, it will be successful.

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How To Create Transformational Change, According To The World’s Most Successful Social Movements

Digital Tonto

Business leaders today not only need to study people like Henry Ford, Steve Jobs and Jack Welch, but also Gandhi, Martin Luther King and Harvey Milk as well. Related posts: How Successful Movements. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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How to really use your organisation’s collective intelligence

Exago

Studies show a direct, consistent correlation between the level of engagement of a company’s workforce and business growth. Fight for differentiation also remains on top of CEO’s agendas. But how can each organisation’s collective intelligence be harnessed and focused to continuously find new ideas and deliver sustainable results? The post How to really use your organisation’s collective intelligence appeared first on www.exago.com.

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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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The innovation knowing/doing gap

Jeffrey Phillips

The more we learn, the more we discover that innovation is vital to renew businesses of all sizes. Those that undertake significant innovation activities seem to grow and prosper. Those that neglect innovation seem to wither away. Executives understand this. More importantly, markets understand this. And when markets understand and signal something, executives get on board.

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Lessons Learned About Innovation Communications from the City of Calgary

IdeaScale

If you’ve been following IdeaScale’s Innovation Management Awards , you know that this year saw some really thrilling innovation come from some unexpected places. In fact, government is sometimes seen as one of the least innovative industries , but some of our best stories this year came from the government. In this case, the City of Calgary was a leader in generating engagement with their innovation program.

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Ten Reasons to Hire an Innovation Keynote Speaker

Braden Kelley

Innovation Keynote Speakers are often misunderstood, maligned, and underutilized. We have all been to many conferences, and heard many good (and bad) keynote and session speakers with a variety of styles (all of which are perfectly acceptable), including: 1.

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Podcast #010 Nicole Yershon – How to run a successful innovation lab

Idea to Value

In today’s episode of the Idea to Value Podcast, we talk to Nicole Yershon, who ran the successful Innovation Lab at Ogilvy, one of the world’s largest advertising firms. We talk about what an innovation lab is, and what it takes for it to be successful and actually add value. Topics discussed today: Moving from an analog world to a digital world (01:30).

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HR Meets AI: The New Way of Keeping Large Workforces Connected and Engaged

Speaker: Miriam Connaughton and Donald Knight

As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.

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We Need To Stop Trying To Predict The Future And Start Exploring It

Digital Tonto

The truth is that even really smart people get the future wrong. We need to be explorers, not oracles. Related posts: We Need To Stop Chasing The Last Big Thing And Start Preparing For the Next One. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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How to pick useful and feasible ‘fights’ for innovation challenges

Exago

Here’s a simple but essential tip when establishing your innovation challenges: pick ‘fights’ that are useful and bring attainable value to your organisation. The post How to pick useful and feasible ‘fights’ for innovation challenges appeared first on www.exago.com.

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Innovation failing to deliver

Jeffrey Phillips

In what should come as no surprise to many of us working in the innovation space, a McKinsey study revealed in October 2016 that 84% of CEOs think innovation is important for their growth. This is not new news and is actually a substantial increase from previous surveys conducted by BCG and others, where the numbers routinely suggested that anywhere from 66% to 75% of CEOs thought innovation was important.

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Open Innovation: Your Guide to Harnessing and Managing the Best Ideas

IdeaScale

If you’re tired of not being able to compete with bigger companies in your industry due to a lack of research and development (R&D) budget, the good news is that’s no longer a problem. Open innovation allows everyone to compete equally, whether their development budget is large or small. What is Open Innovation. Open innovation is a paradigm shift that assumes organizations can and should use external ideas as well as internal ideas to determine as path to market and advance tech

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.