Sat.Apr 23, 2022 - Fri.Apr 29, 2022

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5 Innovation Lessons from the Backstory of OpenTable.com

Leapfrogging

In 1998, Chuck Templeton started a company called EasyEats.com. I went to high school with Chuck. We discussed the business plan which included providing recipes, food critic review, and much more. He eventually honed the scope and changed the name to OpenTable. As you probably know, the company would become an icon for what it meant to create a two-sided marketplace business model.

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Unclog your filter

Idea to Value

My vacuum cleaner sucked, badly. By which I mean, it hardly sucked at all anymore. Years ago when I bought it, it was amazingly strong and picked up everything. Now it could hardly pick up crumbs. Over the years, performance just dropped over time. I could have bought a new vacuum cleaner (I dread to think of how many people would have done this). Instead, I got a new filter.

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We Need To Shift Our Mindsets To Compete In An Ecosystem-Driven World

Digital Tonto

Traditionally, strategy has been seen as a game of chess. Wise leaders survey the board of play, plan their moves carefully and execute flawlessly. That’s always been a fantasy, but it was close. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Survey 218
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Why Successful Innovation is a Marathon and Not a Sprint

IdeaScale

Highlights Despite seeming to appear out of nowhere, most great innovations are the culmination of years or even decades of work from multiple entities. Innovation strategy should be built around the idea of industry-changing innovation taking years and broken into smaller, more manageable goals. A well-designed innovation platform can help you maintain the momentum and [.

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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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Use “Calculated Optimism”? for More Strategic Decisions

Leapfrogging

Harvard Research Suggests Pessimism Is Bad for Business. Replace pessimism with “calculated optimism” for better decision-making. Research from Harvard University looked at whether people were afraid of various situations or objects, such as being stuck in enclosed places or coming face-to-face with snakes. These same individuals were asked to estimate the number of fatalities each year for 12 different types of events, such as strokes, cancer, and floods.

LEAN 130
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Collaborating over videoconference makes you both less creative

Idea to Value

Researchers have found that Zoom, Teams and other videoconference tools can stifle creativity. According to a new research study just published in Nature , collaborating with someone using screens instead of sitting face to face resulted in both participants being less creative. This was from a field and laboratory study looking at the creative performance of more than 600 people in a lab, and 1,490 engineers a company across offices in Europe, the Middle East and South Asia.

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Why Successful Innovation is a Marathon and Not a Sprint

IdeaScale

Highlights Despite seeming to appear out of nowhere, most great innovations are the culmination of years or even decades of work from multiple entities. Innovation strategy should be built around the idea of industry-changing innovation taking years broken into smaller, more manageable goals. A well-designed innovation platform can help you maintain the momentum and energy [.].

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Use Leading and Lagging Indicators to Drive Your Business Forward

Leapfrogging

You get what you measure, so make sure you’re tracking the right things. I’ve seen a lot of organizations create strategies, programs, and projects focused on optimizing operations, streamlining processes, and driving innovation. Leadership teams put lots of energy coming up with the next big thing. But amazingly few teams think about how they’ll measure results.

Strategy 130
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Podcast S7E159: Margaret Webb – Divergent Association Task

Idea to Value

In today’s episode of the Idea to Value podcast , we speak with Dr Margaret Webb from the University of Melbourne. Together with her co-author Dr Simon Cropper and Jay Olson, they created and released the Divergent Association Task , a new method to estimate the divergent creative potential of someone based simply on them entering a few words into an online form.

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THE PERFECT ANSWER

Michael Michalko

“What steps would you take,” a question in a college exam read, “in determining the height of a building, using an aneroid barometer?”. One student replied, “I would lower the barometer on a string and measure the string.” The student failed immediately. The student appealed on the grounds that his answer was indisputably correct, and the university appointed an independent arbiter to decide the case.

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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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How the GSA’s 10X Program Advances Government Innovation

IdeaScale

Highlights: The General Services Administration (GSA) founded the 10X program in 2017 to internally crowdsource ideas and new approaches. The GSA’s 10X program has been successful due to transparency, accepting failure as part of the process, and a willingness to discuss why ideas didn’t work. Providing the government with what it needs is an enormous [.].

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Creating a Culture of Innovation

Sopheon

Without the appropriate culture, innovation can stall. The key is giving everyone ownership of a piece of the overall innovation puzzle. The post Creating a Culture of Innovation appeared first on Sopheon.

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Your brain on autopilot

Idea to Value

Have you ever caught yourself daydreaming while still doing an activity, only to then realise you don’t remember anything that happened for a while. A classic example is that people have no idea what happened while they were travelling or commuting. You arrive at your destination and then realise you have no idea what was happening around you during the entire journey.

Training 221
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AN EASY WAY TO GET THE IDEAS YOU WANT

Michael Michalko

Creativity icon. Line style symbol from productivity icon collection. Creativity creative element for logo, infographic, ux and ui. Attribute analysis breaks our propensity to operate at the highest level of generalization. We usually describe an object by listing its function. The way we see something is not inherent in the object itself — it grows out of experience and observation.

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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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What is a Mind Map Used for in Continuous Improvement?

Kainexus

If you look at any of the most popular business process improvement methodologies, you'll find that data visualization is a common theme. Kanban , for example, is focused on visualizing workflow. Fishbone diagrams are often used to uncover cause and effect, and histograms are used by Six Sigma practitioners and others. We want to introduce you to one more tool that can play an important role in the quest for continuous improvement, mind mapping.

Data 98
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Can We Innovate Like Elon Musk?

Innovation Excellence

When we see someone do something really well, it’s always tempting to try to emulate them. And this is clearly a smart strategy; humans have evolved to automatically copy the successful strategies of others.

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Why e-commerce companies in growth markets should learn this innovation theory

Christensen Institute

In an interview with TechCrunch, David Yu, founder and CEO of e-commerce company Wasoko (formerly Sokowatch), explained that his company’s previous model “wasn’t efficient because Sokowatch couldn’t guarantee that the goods were delivered to the customer when they made orders.” . The company had developed an asset-light model and depended heavily on partners to fulfill orders.

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Data-Driven Innovation: How to Establish an Effective Metrics Framework

Wellspring

This article was originally published on DATAVERSITY.

Data 91
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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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The Top 100 ideas shared by IdeaSpies 2021

IdeaSpies

Top 100 ideas 2021 copy A Positive Pandemic Plan was by far the most popular idea shared by IdeaSpies in 2021.

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Leveraging Tacit Knowledge to Drive More Innovation

Innovation Excellence

GUEST POST from Diana Porumboiu The value of intangible assets in organizations is nowadays five times greater than the one of tangible assets.

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Do you know who your students know? Here’s why you should

Christensen Institute

As educators and administrators scramble to make up social and academic ground lost during the pandemic, there are increasing calls for setting aside time and resources for relationship building. Positive relationships are a proven lever to boost troubling attendance rates, to mitigate the effects of trauma, and to motivate students in their coursework.

Tools 86
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Ideation Activities, Exercises and Templates (from Miro)

InnovationTraining.org

These top ideation activity templates from Miro can be used when working remotely or in the same room. Whether you are working together in person or remotely, design thinking software tools such as Miro can help make the innovation process easier than ever. Miro is a fantastic resource for finding idea generation activity templates for everything from empathy mapping and design sprints to brainstorming.

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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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How To Run Pricing Experiments

Strategyzer Innovation

We see many teams struggle with pricing and validating the viability of their products/services. How do you identify a price customers are willing to pay? What price will enable you to make enough profit? How do you find the right balance?

How To 71
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You Must Be Comfortable with Being Uncomfortable

Innovation Excellence

GUEST POST from Janet Sernack It’s been a tough two and a half for everyone since the COVID-19 crisis began.

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Invigorating the youthforce: Mentorship, social capital, and work-based learning

Christensen Institute

Academic achievement alone will not position our youth for economic stability or mobility. Social capital—the relationships and resources that those relationships might offer—is a critical asset paired with skill in mobilizing that asset that education systems too often overlook when supporting youth in their transition into the workforce. In this virtual session at the ASU+GSV Summit, I spoke with four leaders in the education-to-employment space about why it’s crucial we support our students i

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The Leader’s Guide to Executing Innovation

Viima

Many would-be innovators obsess over ideas, wait for inspiration to strike, and believe that with the right idea, success can miraculously come overnight. However, as we’ve written before , that’s just not going to happen. In fact, usually the only thing separating the winning innovators from the rest is execution. It makes all the difference in the world, and yet, it’s still a vastly underrated capability.

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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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Trends & Technologies Shaping The Aerospace Industry

ITONICS

The aerospace industry has historically been a paragon of innovation. Inventions from aviation and space agencies over the past 60 years have led the way for some of the most groundbreaking technologies we currently use on Earth.

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Four Key Attributes of Transformational Leaders

Innovation Excellence

GUEST POST from Greg Satell Change isn’t what it used to be. Where earlier generations had leaders like Gandhi, King and Mandela, today’s change efforts seem rudderless.

Change 91
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DeFi: The Financial Foundation Bridging Fiat Currencies to Cryptocurrencies

Entrepreneur - Innovation

How DeFi can provide coexistence between crypto and fiat.

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Mind the gap: aligning employer health goals and employee health needs

Christensen Institute

Almost half of the people in the United States have health insurance through an employer. What began as an incentive to attract workers during World War II is now an influential aspect of employee hiring and retention. Health insurance typically covers a range of medical expenses. However, given that only 10-20% of health status is attributed to medical care, the primary focus on medical expense coverage as “health care coverage” is not sufficient to better the health of employees and their fami

Data 66
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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.