October, 2018

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Why Your Innovation Team Will Quit on You 3 Years In

HYPE Innovation

A lot can happen to an innovation program in three years. Some companies see their programs gain momentum and excel in that time. Other companies experience something different. According to former Volvo Trucks Innovation Manager Mike Hatrick, most organizations start to see their programs fail about three years in.

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How do we measure success in our digital transformation? A journey of discovery

Paul Hobcraft

How do we find answers to knowing what measures give us for success in any digital transformation? Are today’s measures relevant to tomorrow, are they still based on our legacy system of measurement, when a business was operating in a stable, predictable environment? Today I think we certainly have a beginning point but all of us lack a clarity of the end point of where digital transformation will take us.

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The Story Behind The World’s Most Incompetent Drawings

Tim Kastelle

Language Warning right at the start! I recently gave a talk at a workshop for the International CFO Forum in Singapore. After it was done, one of the participants came up to me and said: “Can I ask you a question about your slides?” “Sure,” I replied. “By all the objective principles of good slide design, they’re s**t. But, they’re REALLY effective.

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Encourage Action with the Get Out of Jail Free Card

Destination Innovation

Is your organization a little too comfortable? Are your people risk averse? Is there a blame culture? How can you encourage innovation by getting men and women to be more adventurous and entrepreneurial? How can you get them to take more risks? Here is an idea that is borrowed from the game of Monopoly – the Get out of Jail Free (GOJF) card.

Course 206
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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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How To Prepare Your Kids For a Post-Digital Age

Digital Tonto

The jobs of the future will involve humans collaborating with other humans to design work for machines and value will shift from cognitive to social skills Related posts: How We Should Prepare Our. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

How To 195
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Innovation Fear

IdeaScale

Our CEO was recently interviewed by the San Francisco Business Times and the conversation pulled up short for a moment when the interviewer (after hearing us talk about the possibilities afforded by an innovation management system) asked us why people are sometimes afraid to launch a crowdsourced innovation program. So we wanted to take a moment to talk about some common innovation fear that we see from first time innovators.

More Trending

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Why Are We Making Innovation So Complex?

Paul Hobcraft

It always amazes me how we limit growth by not investing fully in innovation. While most large companies want to become more agile and innovative, many of them fail to turn this wish into a reality. There is this consistent need or pressure to grow, yet that specific needle stays stubbornly stuck in low growth numbers, even with all this innovation talk and desire.

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How much innovation energy does your bureaucracy have left?

Jeffrey Phillips

One factor I've been considering for some time has to do with the power of a corporate bureaucracy to create or block change. On one hand, bureaucracies are good, in that they codify practices, principles and processes and allow people to get more done quickly as a unit than they might get done alone. Bureaucracies were created to allow people to scale concepts, inventions, products and ideas.

Culture 174
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Four Questions that every Entrepreneur must Answer

Destination Innovation

If you are planning a new product or a new business then you will probably need to get some approvals. You might need to raise some finance. In either case you have to convince some sceptical decision makers. Here are four key questions that they will want you to answer: Problem. What is the problem that your idea will solve? If real people do not have a pain point which is worth alleviating then your new business idea is a non-starter.

Course 195
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Good news for medium enterprises looking to innovate

Exago

Medium enterprises face challenging barriers on the path to good innovation management: limited resources to invest, lack of incentives and of innovation infrastructure, and shortage of innovation specialists are some examples. However, if you are leading innovation efforts in such a company, there are some good news too. The post Good news for medium enterprises looking to innovate appeared first on Exago.

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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.

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7 Must-Read Books on Innovation Strategy

IdeaScale

Part of good business is reading business theory. Innovation strategy is an enormous topic, and staying current can be an intimidating task. Fortunately, there’s no shortage of brilliant people working on tomes to help you think about the present, and just as importantly, the future, of innovation and where your industry is heading. Here are a few that particularly stand out.

Strategy 178
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A culture of innovation? It all starts with hiring

HYPE Innovation

Creating a culture that has a thirst for and thrives on innovation is the holy grail of business today. But it’s not as tangible, nor as easy, as creating processes, borrowing best practices, and funding innovation initiatives. Managers across the globe sit and weep in their offices, because this problem … is all about. people. The one darn thing their MBA didn't teach them about.

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Can We Have One of These? A Product Innovation Platform

Paul Hobcraft

Recently I was exploring the world of Product Lifecycle Management (PLM) and read an excellent Whitepaper from Aras Corp , one of the leading PLM solution providers. The Whitepaper called “ Product Complexity, Digital Transformation, and the Innovation Imperative- The race to reinvent how complex products are developed is here “ This made me a little jealous and a little wishing that ‘we’, across the whole of innovation management , could not have one of these platforms a

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65% of Venture Capital-backed deals fail to return investment, and only 4% make substantial returns

Idea to Value

Everyone knows that investing in innovative new ideas carries a degree of risk. However, new data from Correlation Ventures shows just how risky investing in new companies can be. The chart above shows the financial outcomes for 21,640 different financing deals between 2004 and 2013 (note that these were the total number of deals, not individual companies).

Data 138
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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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The Innovation Journey Map

Destination Innovation

The Customer Journey Map is a popular management tool. It is a visual representation of customer interactions with a company and a tool to investigate, analyse and thus improve customer experiences. The Innovation Journey Map (IJM) is a similar concept showing the journey that an innovation takes from initial conception through to final implementation.

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How to look beyond product innovation in medium enterprises

Exago

One of the most common myths when leading idea management in medium enterprises is that you should strongly focus efforts on product innovation, as the ultimate goal is to have the next big thing. Though the reasoning is understandable, if you want to improve your odds of success, try not to miss the bigger picture. The post How to look beyond product innovation in medium enterprises appeared first on Exago.

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Will Blockchain Disrupt the Healthcare Industry?

IdeaScale

Medical technology is advancing quickly, and yet, where blockchain fits is an open question. One of the biggest concerns in health care is records. Patient records, their portability, their access, and who has them is on the minds of doctors, patients, and government regulators. Patient records are stored everywhere from the health monitor on a patient’s wrist to their pediatrician’s ancient, unscanned paper records from decades ago.

Industry 174
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4 Principles Of Digital Transformation

Digital Tonto

Before you can change actions, you must first transform values, beliefs and skills Related posts: 5 New Principles Of Strategy For The Digital Age. 4 Principles of Marketing Strategy For The Digital. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Strategy 150
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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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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Good innovation is notoriously hard to achieve. There are so many obstacles and uncertainties as you take an idea or concept through to eventual release. Often, we are dealing in the unknowns and uncertainties. We continually lack facts, we keep seeking validation. We are pressured for results. Others looking at the innovation progress keep demanding tangible evidence and quantifiable guarantees that the outcome provides clear returns.

Report 212
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New study shows whether collaboration is more effective than working alone (hint: it isn’t the best way…)

Idea to Value

Who is more effective at problem-solving and finding solutions to difficult challenges? Is it groups of people collaborating on the challenge together, or individuals working alone? I came across the answer in a new research paper , and the result surprised me. Most innovation experts would advise that full-time collaboration is a basic requirement for building innovative new solutions.

Study 135
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The 4 types of innovators: hunters, builders, explorers, and experimenters

Board of Innovation

Board of Innovation helps companies who want to stay ahead of the curve. Over the past years, we’ve supported many leading organizations like GE, Philips, ING, and AB-Inbev in designing and executing innovation strategies. By assisting multiple global innovation leaders in their innovation journeys over the years, we got to see how innovation itself has.

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Reflections ~ One Month Post-BIF

Mills-Scofield

Saul Kaplan Starting Day 2 of BIF - Photo by Stephanie Alvarez Ewens. Every year, the crew at BIF lets me bring a bunch of my Brown University students to BIF. My students are of all ethnicities, backgrounds, years and concentrations - #STEAM. This year, I asked the kids to share their reflections. Profound, personal, hopeful, cautious. Here are their thoughts.

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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 Value of Knowing When to Pivot

IdeaScale

You have to know when to pivot. Kenny Rogers is not generally discussed as a legend of innovation strategy, but “The Gambler” contains a piece of advice every innovation manager needs to remember: Knowing when to hold ’em, when to fold ’em, and when to walk away is a key part of innovation. If sales are slowing and your product is beginning to age, is it time to pivot?

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How Amazon Innovates

Digital Tonto

It's not any one practice, but how its culture and practice are so deeply intertwined that makes Amazon one of the most innovative companies on the planet. Related posts: How IBM Innovates. How. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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4 Pathways to Innovation

Rmukesh Gupta

I was facilitating a group of senior leaders who were tasked with leading the innovation effort in their respective organization and started the facilitation with the simple yet profound question –. “How do you define innovation?”. The best answer I’ve so far received to this question is the following: “Innovation is applied problem solving leading to generation of value.”.

Trends 102
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Learn to Lead Effectively and Innovate Your Business

InnovationManagement

Businesses must adapt and innovate to succeed in today's marketplace. However, innovation is not a part-time undertaking. It’s the foundation for effective organizational management and taps into the creative power of staff members.

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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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The 4 types of innovators: hunters, builders, explorers, and experimenters

Board of Innovation

Board of Innovation helps companies stay ahead of the curve. Over the past years, we’ve supported many leading organizations like GE, Philips, ING, and AB-Inbev in designing and executing innovation strategies. By assisting multiple global innovation leaders in their innovation journeys over the years, we got to see how innovation itself has evolved, which innovation.

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Blockchain: Distributed Shared Ledger Technology in Banking

hackerearth

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Since its inception ten years ago, there has been plenty of hype around blockchain. Though much of the hype can be attributed to cryptocurrencies such as Bitcoin and Ethereum, there is more to blockchain beyond cryptocurrencies.

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Nine Actions You Can Take Today to Make Your Company More Innovative

IdeaScale

Innovation strategy is often about direction and momentum. But in order to have either, you need at least a small amount of mass to get started. And as we all know, whether it’s a boulder or a bureaucracy, inertia keeps objects at rest from moving. So how do you get up some speed? Try these methods. Focus on small innovations. Big innovations often grow not out of big ideas, but a thousand little ones that come together at the just the right moment.

Company 164
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How IBM, Google And Amazon Innovate Differently

Digital Tonto

It isn't any one practice or process, but how they are deeply embedded in an organization's culture that makes the difference Related posts: How Amazon Innovates. The Growing Rivalry Between Google. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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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.