August, 2015

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The most common innovation project failures

Jeffrey Phillips

I had the opportunity to speak to a leadership team that is considering building an innovation capability in their business. I was asked a question I get infrequently, but one I enjoy answering. The question is: what keeps businesses from innovating effectively? The answer that I think most leadership teams want is: good ideas. After all, it's easier to explain away the lack of innovation if you can say that most teams lack good ideas.

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Never Delegate Understanding

Tim Kastelle

What’s the best way to change something? There’s no easy answer to this question – but if we’re trying to design changes in the way our organisations work, we need to have a deep understanding of what’s going on in them. Design thinking in business is a hot topic right now (see the excellent cover story of the current issue of Harvard Business Review by Tim Brown and Roger Martin for an example).

Design 217
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Stop innovation fizzling out due to lack of leadership buy in

HYPE Innovation

I never seemed to have a shortage of ideas but getting the business support necessary to actually drive them through to implementation was at times struggle. We have heard many times over that a tangible and impactful innovation program requires alignment of strategy, vision, leadership, culture, processes, systems and communication. Easy right? We all know it is not that simple, and the truth is, in many cases we find ourselves faced with a business that wants ‘Innovation as a core pillar for g

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Introducing the Play-to-Win Strategy Canvas 2.0

Matthew May

I started developing a visual tool for team facilitation of strategy development over two years ago, after I learned the Playing to Win framework from Roger Martin. I’ve always liked using good old paper and Post-Its, ever since I learned what was affectionately referred to as “the big paper process” when I was working with Toyota many years ago.

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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

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Tournaments: Collaboration for a Rapid Outcome

Imaginatik

Tournaments are community driven. Tournaments are an engagement tool aimed at achieving maximum performance in: Collecting ideas. Encouraging collaboration between participants with different skills. Achieving results for a challenge in a very short period of time -approximately one month. It is a well-defined program and yet, for those involved in the innovation ecosystem, assimilating them with other engagement programs is a common mistake.

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Technology leads, innovation exploitation is lagging

Paul Hobcraft

There is a growing, perhaps even an overwhelming business case, for transforming the innovation management structure. The new combination is the new connections through people and things (IoT) that we can achieve a new innovation potential. We will obtain increasing more powerful insights that have the real potential of being turned into new innovation outcomes, through the connected businesses we are presently needing to build.

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Should you welcome or fear disruption

Jeffrey Phillips

I was scanning through my Twitter feed when I came upon a tweet where someone was excitedly welcoming disruption in the financial sector. Strangely, it was from an individual employed in the traditional banking sector. This made me think of the old Simpson's show where Kent Brockman, the news broadcaster, is announcing that there are new alien beings taking over the earth, and that he, for one, welcomed the new overlords.

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Why Companies are Turning to Innovation Centres

Destination Innovation

Nine out of ten companies believe that they are too slow to market with new products. In the consumer goods category around 80% of new products fail. Since 2000 52% of the Fortune 500 have merged, been acquired or gone bankrupt. These are some of the reasons why senior corporate executives are increasingly turning to separate innovation labs to spearhead their new product development.

Company 160
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Self-fulfilling Prophecies and Innovation Success

HYPE Innovation

Having organised a number of innovation management events for practitioners this summer it has (re)occurred to me just how strongly success ties into the psychology of winning. The idea is pretty simple: Do some creative thinking, ideally with a customers’ job(s)-to-be-done in mind, design the long red carpet of success, sew it flawlessly, roll it out enthusiastically, and start walking into the pleasant but eventually rewarding unknown.

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Living Life by Text Message

Braden Kelley

I did my MBA at London Business School in the United Kingdom and one of the benefits of studying at a top school and being an alumni is seeing all the really cool things that the entrepreneurial alumni coming behind … Continue reading →

Study 133
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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.

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Our inabilities to adapt needs changing.

Paul Hobcraft

Erosion is everywhere, it just seems inevitable, we somehow get caught up in the process of time and our organizations seem to ‘freeze’ before our eyes, then simply age. They become fixed, rigid and locked into their established ways, not adapting to the changes occurring around them. We often give up and leave, moving on to better places and challenges.

Change 196
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Taking the innovation journey? Remember to harness these resources

Exago

As we,ve seen, innovation demands resilience, and both top-down and bottom-up support. It may not always seem obvious, but you’ll also need a constituency inside the company to provide support throughout the different phases of the innovation process. Ongoing training. Read More. The post Taking the innovation journey? Remember to harness these resources appeared first on www.exago.com.

Resources 118
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Barely scratching the surface

Jeffrey Phillips

It's funny to me to read about the impending death of innovation, or how innovation doesn't add any value, or how often you can read about new innovation methods or techniques when most people haven't ingested the basic tenets yet. For all the talk about innovation, for all the "I'm so over" innovation eye-rolling, it would be nice to admit a really simple fact that is as plain as the nose on your face: 80% of the people in most organizations simply don't know that much about innovation.

Culture 181
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Adversity can be a Spur to Innovation – as shown by the Greatest of Composers

Destination Innovation

Possibly the greatest composer of all time and certainly the most revolutionary was Ludwig van Beethoven. Before Beethoven classical music was genteel, calm, structured according to strict rules and designed to please wealthy patrons. Beethoven introduced the Romantic Movement with music that was powerful, disturbing and passionate. He composed nine symphonies, five piano concertos, one violin concerto, 32 piano sonatas, and 16 string quartets.

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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?

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Deeper reading or quick summary- often we don’t have the time?

HYPE Innovation

I recently wrote a post “ Delving into a complex world- finding research to help you learn and adapt ”. On reflection I should have replaced the word “research” with “time”……to help you learn and adapt. Finding time is a real struggle and going that extra mile to read thought leadership views can be a step to far, I know but I can’t help myself, it is part of my job and certainly for me, many are really worth it.

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Voting Open for Thinkers50 Top Management Thinkers for 2015

Braden Kelley

Thank you everyone for your nominations for the Innovation category of the Thinkers50 Distinguished 2015 Distinguished Achievement Awards. The short lists for the eight categories will be announced in early September.

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The innovating power of ecosystems and platforms

Paul Hobcraft

Our whole understanding of innovation is changing; there are numerous shifts occurring. We are moving towards a new management of innovation where ‘greater’ collaboration is fueling new business models built on platforms, formed around ecosystems of communities with vested interest, contributing and extracting value. Today and in the future, the value is created outside the individual company and not within.

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Idea challenges: Giving a Voice to New Business Opportunities

Imaginatik

How many ideas fluctuate within your organization without enriching your portfolio or becoming business projects? The vast majority of them are never even voiced, why bother when nothing happens right? Engagement programs are a valuable path to change that dynamic. At Imaginatik, we have developed eight sustainable strategic processes to achieve engaging in ideas and taking them beyond idea to action.

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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.

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Innovation decreases with knowledge

Jeffrey Phillips

Did the headline of the post grab your attention? Did you think I was going to assert that dumb people are better innovators? Nothing of the sort. However, I think I can positively assert that bringing all of your knowledge to bear on a problem that needs innovation is often exactly the opposite of what you should do. Here's why. If you can solve a problem with all of the knowledge you possess, drawing on everything you know and expect to be true, you are narrowing your range of solutions and ca

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Iterate, Iterate, Iterate, Innovate

Destination Innovation

The game Angry Birds was a huge hit for the Finnish game developers, Rovio Entertainment. It sold over 20 million copies on various mobile platforms. The spin-off products include books and a Sony film. Angry Birds was released in 2009. It was the 52 nd game that Rovio had launched since the company was founded in 2003. There were 51 earlier attempts before the big hit arrived.

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Mantras aren’t enough. This journey takes real commitment.

Exago

These days, you rarely find an organisation where innovation is not part of leadership’s mantra. Yet the time and resources dedicated to it are far less than other disciplines, like quality and customer service. The challenge is that innovation is. Read More. The post Mantras aren’t enough. This journey takes real commitment. appeared first on www.exago.com.

Resources 125
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The Whole Foods Strategy…Isn’t (Whole)

Matthew May

There’s an interesting strategic play being made by Whole Foods Markets, in the midst of the company’s nearly $2 billion one-day drop in market value a few weeks ago, on the announcement of a shareholder lawsuit. Whole Foods had already come under legal pressure concerning claims of overcharging, but this new lawsuit claims securities fraud. Now, when shareholders file a lawsuit like that, it’s not a good thing.

Strategy 186
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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

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Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. We are also witnessing such significant erosion of long-standing practices, established boundaries between suppliers and customers, you get this feeling that everything is blurring.

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Play vs. work mode

HYPE Innovation

The other day I was playing a board game with my kids and I honestly can say I had the time of my life. Later, I did some self-reflection that resulted in what I wouldn’t call a groundbreaking realization, but it definitely shook my understanding of how I want my life to be. Here it is – I am so much more creative and inspired when I am not at work!

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Day to Day Innovation Survey Results to date

Jeffrey Phillips

Many of you know that we are conducting a survey of innovation practitioners. If you haven't responded, please take ten minutes to provide us your insights. To encourage you and to provide a mid-survey report, I thought I'd reflect on a few findings to date. Remember that we are interested in what the people who are actually "doing" innovation think.

Survey 189
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Bland Products Upset No-one but Delight No-one.

Destination Innovation

A Negative Reaction is Better than No Reaction. South Park is a highly successful cartoon sitcom created by Trey Parker and Matt Stone for the Comedy Central TV network. The show was launched in 1997 and quickly became notorious for its rude language, minimalist characters and black, surreal satire. It was aimed at an adult audience and poked fun at a wide range of topical or taboo subjects.

Marketing 135
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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

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Are you ready for your innovation journey?

Exago

Innovation is the way, the only to way, to stay ahead in the race. It’s the ongoing attitude that makes it possible. A source of opportunities, to create differentiated business models, products and cost structure that can ensure resilience and. Read More. The post Are you ready for your innovation journey? appeared first on www.exago.com.

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Get More Done

Braden Kelley

What Matters Most Management (WMMM) is the Key to Success Most times you’ll see this posed as a question “What matters most?” as people grapple with finding the meaning of life.

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Shifting Radically the Innovation Business Model

Paul Hobcraft

Shifting Radically the Innovation Business Model. I have been spending some significant time on questioning the current innovation business model, from both the customers (clients) perspective and the innovation consultants’ one. Now we all know not all things are equal, many companies have invested significantly in improving their innovation capabilities.

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Designing an Innovation Management Event – Part 1: Laying the Groundwork to Engage Your Community

HYPE Innovation

Summer is not only an ideal time to catch up on some reading (maybe you remember Tim’s list from March), but also a perfect time to catch up on some skills. Collaborative innovation skills to be precise. Because, as I hope you realise by now, the terms “innovation” and “collaboration” are not mutually exclusive. In the spirit of such practical initiatives, which are not only trending but also good karma for your organization – i.e.

Design 186
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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