Sat.Jun 25, 2022 - Fri.Jul 01, 2022

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Why incremental innovation is so easy; disruptive is so difficult

Jeffrey Phillips

After years, no decades, of working in and on the margins of innovation, I think I had an epiphany recently. It's interesting to know that the more you work in a field, you become more aware of the things that you don't know, rather than confident in the things that you do know. For me, one epiphany that happened this week was when I was thinking about how valuable truly disruptive innovation is, and why it is done so rarely.

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Revolutions Don’t Begin With a Slogan, They Begin With A Cause

Digital Tonto

Ukrainian President Volodomyr Zelenski has been compared to great orators like Winston Churchill. In the English House of Commons, he vowed to fight “in the forests, in the fields, on the shores, in. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Breakthrough Innovation vs. Disruptive Innovation

IdeaScale

Aren’t breakthrough innovation and disruptive innovation the same thing? It’s a common question when building innovation strategy. After all, the car, the telephone, the smartphone, the electric car, the solar panel, weren’t these all breakthroughs that were also disruptive? In a sense, yes. But it’s the context of the innovation that’s important. What Is Breakthrough Innovation?

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The Eight P Plan for Success

Destination Innovation

Let’s say that you are overloaded, overworked and under pressure. You are struggling to cope. This could be at a personal level with private projects or it could be at work where your team is having difficulties with business challenges. Try this eight point plan which will help you. Pause. Stop what you are doing. Take time to assess where you are and what you are trying to achieve.

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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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How to Lead Innovation and Embrace Innovative Leadership

Viima

Leaders are bombarded from all directions with advice on how to behave as leaders. It seems like we all know what it takes to lead innovation, at least in theory, yet the attention is mostly focused on famous innovators who oftentimes are the exceptions, rather than the rule. What’s more, we tend to forget that the greatest, most famous innovators, with all their qualities and contributions to the world, are not necessarily the best of leaders.

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What Is Idea Management?

InnovationManagement

Traditional innovation can only take your business so far, and without an evolution of processes, you might find it harder than ever to move new ideas forward. Introducing structures and systems to formulate, organize, and act upon new ideas is one of the best ways to optimize internal innovation. This practice is better known as idea management, and in this article we will define and discuss idea management in full.

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i3: A market-creating initiative for African healthcare innovators

Christensen Institute

Picture someone you love. Now imagine that person falls sick and cannot access the medicines they need to get better. This is the daily reality of hundreds of millions of Africans, where less than half the continent’s population has access to affordable medicines when they need them. This problem results in the unnecessary death of millions of Africans annually.

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Five new product development questions you should ask when launches fail to meet market expectations

Sopheon

When products fall short, it’s important to learn from mistakes and apply what you’ve learned to improve your new product development processes. Answering these five questions helps sort things out. The post Five new product development questions you should ask when launches fail to meet market expectations appeared first on Sopheon.

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Lean Transformation Steps for Operational Excellence

Kainexus

The Lean business methodology is based on the simple principle that organizations should strive to provide maximum value to the customer with as little waste as possible. The idea is simple, but it isn't easy. For most organizations, embracing Lean requires a significant culture shift and a new way of thinking about everything from leadership to everyday operations.

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What Jake and Flo Aren’t Telling Us: Disruptions Constantly Change the Insurance Industry

Daniel Burrus

Auto and home insurance bundles, umbrella policies, constant arguments about paying for healthcare (especially during a pandemic), and thousands of streaming and social commercial advertisements pushing different providers as being the best option for the average Joe and Jane. . Yes, we are talking about insurance and its many pros and cons. But what Flo from Progressive, the Geico Gecko, and the ever-popular Jake from State Farm may not be able to tell you is where the insurance industry is hea

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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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How Mark Cuban’s pharmacy can change how payers handle prescription coverage

Christensen Institute

In February, I wrote an Innovators Worth Watching blog highlighting Mark Cuban’s Cost Plus Drug Company , his new pharmaceutical venture selling generic medications at a fraction of the cost of other pharmacies. After putting his company to our six-question test, we concluded that Cuban’s online pharmacy could be a disruptive solution for individuals looking to fill prescriptions.

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Innovation Mindsets Assessment

InnovationTraining.org

For those of you looking for new and better ways of assessing and developing the innovative potential in your team, this blog post offers you my first-hand view of Innovation Mindsets TM – the new diagnostic instrument from Prof. Jeanne Liedtka and Treehouse Innovation. Based on a decade of research. In a world that’s flooded with assessment and measurement tools that tell you what kind of leader, innovator or person you are, it’s refreshing to see a new assessment that is backed by rigoro

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What Does the Latest Research on Innovation Management Software Reveal?

Viima

Our industry of innovation management software is quite an interesting one. It’s been around for a while, but it’s still not a mainstay that every organization would use, at least not in the same way as CRM and team communication software are. Hence, there’s quite little independent research available out there to prove its efficacy, or even for determining which parts of it are the most valuable.

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How Improvement Software Strengthens Lean Initiatives

Kainexus

The Lean approach to business management started when Toyota decided to retool its manufacturing practices to improve efficiency and quality simultaneously. Since then, the approach has gained traction globally and in almost every industry. Organizations have found it to be an effective method for reducing waste, spurring innovation, and encouraging employees to act on opportunities for improvement.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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The 3 Student Entrepreneur Personas

Innovation Excellence

GUEST POST from Arlen Meyers, M.D. Healthcare professional schools, healthcare innovation and entrepreneurship education, and training programs are growing. However, one question is should they be required or elective? The medical student persona has changed in the past several years.

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Want Engaged Customers? Ditch the Fads and Embrace the Audio Trend

Entrepreneur - Innovation

Use these three ways to help your business leverage audio-based communication events for better buyer engagement.

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Revitalizing An Iconic American Market Leader: The Transformation Of GE Appliances

Bill Fischer

GE Appliances, once a cash-cow in GE's conglomerate portfolio, has been revitalized, following its acquisition by Haier, to become an independent, market-leading, entrepreneurial organization, following Haier's RenDanHeYi principles.

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Latest Energy Ideas

IdeaSpies

Energy is a very topical subject now and the news is mostly bad, related to the war in the Ukraine.

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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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How Networking Accelerates Growth

Innovation Excellence

GUEST POST from Douglas Ferguson As a leader, you’re likely aware that building a network takes time and work. Mentors and a network of peers are not easily established for jobs, professional growth, or business.

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Dog Days and Dynamite: New Takes on 4th of July Classics

Wellspring

The National Hot Dog and Sausage Council ( NHDSC ) reports that hot dogs are served in 95% of American households, estimating an astounding 20 billion eaten annually, boiling (no pun intended) down to about 70 dogs per person. The beloved classic is often associated with summer, amusement parks, drive-in movies and the fourth of July. But over the years, many have wondered if they could improve on this staple of Americana.

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How to Define the Right Search Criteria in Trend Scouting

ITONICS

Trends reflect changing consumer needs and behaviors over time. Knowing what trends may impact your business enables you to prepare and adapt to societal change. One of the most important activities in innovation management is the continuous interpretation and evaluation of trends. By understanding the human needs addressed throughout trends, companies can align their products and services to evolving markets.

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Maximizing PMO Value During Economic Uncertainty

Planview

In times of economic uncertainty, PMO value is critical. PMOs don’t just make sure that run-the-business work and projects are completed, they also operationalize the strategic plan. Maximum PMO value ensures the work delivered aligns with company strategy. This helps the organization achieve its desired outcomes and initiatives. When organizations begin feeling the stress of the current financial climate, business leaders take a hard look at spending.

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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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First Principles Are the Building Blocks of True Knowledge

Innovation Excellence

GUEST POST from Farnham Street First-principles thinking is one of the best ways to reverse-engineer complicated problems and unleash creative possibility.

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Understanding Microsoft Power Platform

Acuvate

What is Microsoft Power Platform? Microsoft Power Platform is a low-code interface and a family of products that leverage Microsoft’s business solutions in a seamlessly integrated platform. With the power platform, you can analyze data, build custom solutions, automate complex business processes, create virtual agents, and build data-driven apps with minimum code.

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11. To Compete or Not To Compete (part 2)

Stephen Shapiro

The final section of Tip 11 from Best Practices are Stupid. Please read the first two sections before reading this. Remember, this book was written a dozen years ago, so some concepts have evolved. The first two posts talked about competition vs collaboration, and the three downsides of traditional brainstorming. Now we move to some examples. Several years ago I wanted a new logo for my website and decided to crowdsource a design using 99 Designs.

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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Introducing the Magic Triangle of Business Models Every profit-oriented organization has a business model – its consistency, future ability and basic logic largely influence the overall success of an organization. However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general.

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How To Get Promoted In Product Management

Speaker: John Mansour

If you're looking to advance your career in product management, there are more options than just climbing the management ladder. Join our upcoming webinar to learn about highly rewarding career paths that don't involve management responsibilities. We'll cover both career tracks and provide tips on how to position yourself for success in the one that's right for you.

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What is Killing Capitalism in America?

Innovation Excellence

GUEST POST from Greg Satell There’s no doubt that capitalism in America is in bad shape.

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Digital Transformation Trends in Government for 2022

Acuvate

Digital transformation across industries is not a new concept. With digital technologies revamping old playbooks since the dawn of the millennium, enterprises have strived to make the most of IT and data modernization for impactful business outcomes. Time and again, there have been debates regarding the scope of digital transformation in the government sector and for public sector organizations.

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11. To Compete or Not To Compete (part 2)

Stephen Shapiro

Here is the continuation of Tip 11 from Best Practices are Stupid. Please read yesterday’s post before reading this. In it, I talked about competitions vs collaboration. Now we go to three downsides of traditional brainstorming (there are actually MANY more). There are several reasons traditional brainstorming sessions don’t work: 1. Serial Processing: If you have ten individuals in a group, only one can speak at any given time.

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Episode 098: What Can We Learn From Doctors and Their Creative Approaches to Disease?

Innovation in Practice

What can doctors teach us about creativity? People in the medical field actually have a lot of knowledge and experience around innovation. Why? Because they deal with uncertainty daily. Doctors often take risks and make decisions all in the face of uncertainty. To simply get their jobs done, they’ve got to get creative. In fact, uncertainty forces you to be creative.

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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.