Sat.Oct 26, 2024 - Fri.Nov 01, 2024

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A Complete Guide to Innovation Management: Strategies, Techniques, and Systems

innosabi Innovation Insights

Innovation management is the strategic process of helping an organization develop new ideas, implement them, and continually monitor their progress. It covers everything – from generating ideas to final execution – making sure businesses can adapt and compete effectively. And as industries change, companies need to rely on innovation not just for growth, but to […] Der Beitrag A Complete Guide to Innovation Management: Strategies, Techniques, and Systems erschien zuerst auf innosabi.

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Get Out of the Product Cave: From Plato to Steve Blank

IM Insights

By Elijah Eilert Did the philosopher Plato lay down one of the most crucial startup and innovation principles? Steve Blank, a contemporary innovation thinker (and, dare I say, philosopher), popularised the widely accepted principle “Get Out Of The Building,” urging entrepreneurs to engage directly with customers early in the product development cycle, challenging critical assumptions.

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What is Open Innovation? Definition, Types, Model, and Best Practices

eZassi

Table of Contents What is Open Innovation? Types of Open Innovation Models Examples of Open Innovation Top 10 Best Practices for Open Innovation in 2024 What is Open Innovation? Open innovation is a forward-thinking strategy that emphasizes collaboration and external input to drive innovation. By combining internal efforts with ideas, technologies, and expertise from outside sources, organizations can accelerate growth, develop cutting-edge solutions, and address complex challenges.

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Five Great Questions to Ask Your Team

Destination Innovation

Managers everywhere are under stress. They are asked to deliver more but with fewer resources. They need to meet targets, sort out problems and get the most out of their team (including the under-performers). How can you improve performance in your area? Try getting your team together and asking these questions. What is the most important thing we do?

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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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The 10 Most Popular Innovation Management Questions

HYPE Innovation

Launching an innovation management system does not have to be guesswork, and it is simpler than most organizations think. Unlike routine processes, innovation thrives on continuous change. Waiting until you can get it totally right misses the point. Innovation is not a destination; it is a mindset. This means getting started is easy, and you can continuously iterate to explore, improve, and enhance.

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Communicate A Vision To Shift Strategy, Shape Networks To Change Behavior

Digital Tonto

The 18th century French enlightenment writer Voltaire once said, “If you wish to converse with me, define your terms,” and we need to approach transformation with a similar mindset. Some transformations require changes in investments, while others require changes in behaviors and these have very different challenges. Until fairly recently, our economy was based on atoms and transformations were usually focused on strategic decisions such as building a new factory, entering a new market or launch

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When the World Is Too Distracting — and It Feels Impossible to Work

Harvard Business Review

As much as we wish we could, we can’t eliminate uncertainty in the world. But we can control how we respond to it, and one of the ways that we can respond is to help create workplaces where people feel seen, supported, and able to contribute meaningfully. This article includes a curated list of HBR articles and podcast episodes to help you manage yourself, your team, and your organization when you’re consumed with what’s happening outside of work.

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We Must Unlearn These Three Management Myths

Innovation Excellence

GUEST POST from Greg Satell Mark Twain is reported to have said, “It’s not what you don’t know that kills you, it’s what you know for sure that ain’t true.” Ignorance of facts is easily remedied. We can read books, watch documentaries or simply do a quick Google search.

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Breaking Free from the Chains of Force: Why the Future of Work Requires Radical Change

Tullio Siragusa

Breaking Free from the Chains of Force: Why the Future of Work Requires Radical Change The future of work is upon us, and it’s clear that the traditional systems we’ve clung to for so long are no longer sufficient. In a recent Bliss Business Podcast episode, Jose Leal, co-founder of Radical World, shared his perspective on why work models of the past are collapsing under the weight of their own dysfunction.

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The Power of Creating Executive Team and Board Synergy

Leapfrogging

The synergy between your executive team and the board is like a well-choreographed dance; it’s all about moving together in harmony towards shared goals. When these groups communicate effectively, dream big together, and align their strategies, it’s magic. This teamwork utilizes everyone’s talents to push the organization onward and upward.

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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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AI Is Transforming the Startup Landscape

Harvard Business Review

The startup ecosystem is shifting due to the rise of artificial intelligence. AI favors larger companies, necessitating a change in mindset for startups from disruption to transformation. While startups will face challenges in accessing sufficient data and computing power, they still have opportunities to innovate by providing AI-driven services directly to consumers.

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Airlines Are Soaring to New Heights in Passenger Satisfaction

Innovation Excellence

GUEST POST from Shep Hyken There’s good news for those who fly the friendly skies. The experience is getting better. If you think about it, airlines have a simple product experience. It’s a plane that moves people. Safety is the number one priority. Beyond that, get the passengers to the destination on time.

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Why Prioritizing Business Agility Creates Better Outcomes

Planview

The business world is caught up in a whirlwind of change. How your enterprise responds to that change can determine whether your organization is an industry leader or another company stuck in the middle of the pack. That’s because a defining trait of best-in-class organizations is their ability to quickly pivot in the face of changing market conditions, emerging and disruptive technology, and shifting customer demands.

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Effective Strategy Development for Boards and Teams

Leapfrogging

Creating a game plan that gels with your leadership team and board of directors spells success. Here, we talk about why getting everyone on the same wavelength is a big deal and what can tip the scales when you’re plotting your business strategy. The Importance of Being on the Same Page Getting your leadership team and board of directors singing the same tune is like finding the secret ingredient in a recipe.

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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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Younger Women’s Experiences Show Gender Equity at Work Isn’t Inevitable

Harvard Business Review

A new report suggests that not only are the experiences of women under 30 similar to those of women 50 and older — in some ways, they’re worse.

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Everyone Clear Now on What ChatGPT is Doing?

Innovation Excellence

GUEST POST from Geoffrey A. Moore Almost a year and a half ago I read Stephen Wolfram’s very approachable introduction to ChatGPT, What is ChatGPT Doing. And Why Does It Work?, and I encourage you to do the same.

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A Comprehensive Guide to Lean Process Improvement: Benefits, Methodology, and Implementation

Qmarkets

Every year, organizations lose billions in revenue due to inefficiencies embedded in their operations. The need to eliminate waste and streamline processes has never been more urgent. Enter lean process improvement : a methodology designed to maximize efficiency, reduce unnecessary activities, and deliver value directly aligned with customer needs. While lean process improvement originated in manufacturing, it has evolved into a vital strategy for sectors ranging from healthcare to technology, w

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Aligning Executive Teams and Boards for Business Success

Leapfrogging

Getting your executive teams and boards to march in sync is kinda like making sure the band plays the same tune—crucial for your organization to hit the high notes. This alignment ensures that everyone’s clear on the company’s mission, vision, and game plan. When you’ve got the strategy straight, you’re all set to steer resources efficiently towards your goals.

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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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A Toolkit to Help You Manage Uncertainty Around AI

Harvard Business Review

Uncertainty around AI takes different shapes and forms, but we can boil it down to three main categories that every manager should consider: state, effect and response uncertainty. State uncertainty occurs when managers lack sufficient information to predict market trends and changes. Managers experiencing this type of uncertainty face challenges in understanding AI’s current capabilities and potential developments.

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28 Things I Learned the Hard Way

Innovation Excellence

GUEST POST from Mike Shipulski If you want to have an IoT (Internet of Things) program, you’ve got to connect your products. If you want to build trust, give without getting. If you need someone with experience in manufacturing automation, hire a pro.

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Startup Scouting: A Strategic Approach to Innovation Discovery

Qmarkets

In a world where thousands of startups emerge each year, companies looking to stay competitive need to engage actively with this innovation ecosystem. Startups often bring fresh ideas, new technologies, and agile development approaches, but identifying the right ones to collaborate with or invest in can be complex. Enter startup scouting , a process that allows established companies to systematically discover, evaluate, and collaborate with startups poised to make a meaningful impact.

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Building Community and Connection in Business with Deborah Miller

The Bliss Business Podcast

In our latest live featured guest episode of The Bliss Business Podcast, we’re honored to welcome Deborah Miller, Founder and Director of YNG Studios. Deborah brings a wealth of experience in wellness, resilience, and community building, all grounded in her inspiring journey from competitive athlete to a transformative yoga practice after a series of spinal surgeries.

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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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Research: How Regulatory Changes Can Hurt Workers’ Motivation

Harvard Business Review

In our polarized political landscape, employees increasingly find that they hold moral beliefs that conflict with the laws and regulations they are subject to at work. New research suggests that when workers feel this conflict between their moral beliefs and legal regulations, they’re less likely to take problems into their own hands, raise suggestions to improve work procedures, or champion new ideas.

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Why Small Innovations Matter Now More Than Ever

Innovation Excellence

Searching for Silver Linings GUEST POST from Robyn Bolton Do you feel like you’re drowning in a sea of bad news? You’re not alone. We’re standing in the eye of a storm of war, political division, and endless layoffs.

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What is a Hackathon: A Beginner’s Guide to Planning and Running Innovation Events 

Qmarkets

In recent years, hackathons have gained traction as powerful events for rapid problem-solving and innovation. Originally rooted in software development, hackathons have evolved into a strategic tool across industries, fostering creativity, team collaboration, and idea generation under tight timeframes. Organizations now use hackathons to tackle complex challenges, prototype new products, and bring diverse perspectives together—all while engaging and motivating participants.

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Seeing Treasure: The Future of Waste in Sustainable Innovation

Yet2

Words by Carlos Pichardo Today, industries are harnessing breakthrough technologies allowing previously untapped kinds of waste to be transformed into valuable resources. Waste repurposing isn’t new. What’s new are the technologies converting complex and unconventional byproducts—think non-recyclable plastics, agricultural remnants like shells, and even CO₂ emissions—into sustainable materials and ingredients essential to production.

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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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5 Rules for Companies Navigating Geopolitical Volatility

Harvard Business Review

In the last decade, we’ve seen new models of corporate leadership through more challenging geopolitical realities. These models follow five rules for businesses looking to adapt, innovate, and grow: 1) They look for a seat at the table and opportunities to shape their role; 2) They lean into geopolitical “swing states”; 3) They don’t compartmentalize crises; 4) They don’t rely on predictions; they plan around inflection points; and 5) They understand the limits to the power of commerce in geopol

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Mistakes to AVOID in Large Scale Transformation

Rmukesh Gupta

In today’s rapidly changing world, organisations are constantly looking for ways to transform themselves to remain competitive. Large-scale transformation can be a daunting task, but it is essential for success in the long run. In this video, I discusses four common myths and six common mistakes that people make when leading transformation. I also share advice on how to avoid these mistakes and successfully lead transformations.

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How to Execute An Open Innovation Strategy with Innovation Management Software 

Qmarkets

With digital disruption accelerating across industries, traditional, closed approaches to innovation no longer suffice for most companies. In fact, research shows that companies practicing open innovation achieve faster time-to-market and often realize higher revenue from new products. But what exactly does open innovation entail, and how can companies leverage it strategically?

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The quote-to-cash journey just got faster. Here’s how.

Planview

For professional services organizations, managing projects from inception to completion is only one part of the quote-to-cash journey. The other part? Ensuring that your billing and revenue recognition can catch the baton. This is why Planview and SOFTRAX joined together. Now you can bridge the gap between complex service delivery and financial operations – no matter how you deliver, and no matter how you bill.

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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.