Sat.Jun 30, 2018 - Fri.Jul 06, 2018

article thumbnail

The Complex Relationship Between Innovation and Risk

IdeaScale

Risk vs. reward can be a hard thing to balance. All of business, it has been argued, boils down to weighing the likely rewards of a decision against the likely risk. The problem with any innovation strategy is that, at some point, innovation runs into this equation. Any innovation, to some degree, is a risk. It’s just a question of weighing that risk against the reward.

article thumbnail

Not All Innovation Looks The Same

Innovation Excellence

I used to believe that in order to be innovative, we all have to innovate the same way, my way. Usually, that involves stepping outside my comfort zone and daring to be fearless. My way of innovating includes getting super uncomfortable and taking big risks. Obviously, since that’s how I tend to innovate, you should.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Things Managers Should Know About Innovation (But Most Don’t)

Digital Tonto

There is no one "true" path to innovation, but there are basic principles that we can apply Related posts: An Innovation Roadmap. Why Best Practices Can Lead To Better Innovation. A New Breed Of. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Roadmap 105
article thumbnail

Situational Awareness (Winter is Coming)

Mike Shipulski

Business and life are all about choosing how you want to allocate your time and money. In life, it’s your personal time and money and in business it’s the company’s. If you’ve ever done any winter hiking, you know that it’s important to know the terrain. If there’s a mountain in the way, you either go over it or around it. But there one thing you can’t do is pretend it’s not there.

article thumbnail

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?

article thumbnail

Study shows a desire for startups and corporates to work more together by 2025

Idea to Value

According to a recent study by the Unilever Foundation , there is a strong desire for corporations to improve their innovation capability by working more closely with startups. Based on the results of a recent survey of 204 corporate brand managers and 114 startups about how their companies planned to collaborate together, the following results were identified: 80% of corporates believe that startups can have a positive impact on a large company’s approach to innovation. 89% startups believe the

Study 118
article thumbnail

The State of Innovation in Healthcare

IdeaScale

In a recent survey, researchers found that seventy-five percent of hospital executives at a location with 400 or more beds are planning to build an innovation center. According to Gartner , innovation centers can serve many purposes, including building cultural innovation norms in the workplace, providing workspaces for strategic goals, and beyond. But when I read this study, what I took away was the fact that hospital executives are beginning to respond to dramatic shifts in trends and technolo

Data 113

More Trending

article thumbnail

Summer Reading List: 12 Great Stories About History’s Most Legendary Innovators

Digital Tonto

Great innovators are real people with real flaws that managed to overcome their failures Related posts: Summer Reading List: 17 Great Books Every Innovator Should Read. Summer Reading List: Books. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

The Value of Having A Curators Platform for Innovators

Guide 4 Innovating

I would like to lay out some thoughts on why we should be considering a curation platform for innovation and the value it can bring to a broader innovation community. These are some opening thoughts that I felt needed to just “hang out there” and see where they take me and clearly, you as a reader. The issue I am reflecting upon is our growing concern that we all are living in a world heading towards digital overload, with the risk of it simply overwhelming us, perhaps we are becomin

article thumbnail

Four Innovation Lessons We Can Learn from Standard Bank

IdeaScale

Innovation starts in the clouds and comes to Earth. Innovation is particularly important for industries that seemingly move slowly, and that’s particularly true of banking. South Africa’s Standard Bank, which has branches across Africa and is expanding to other markets across the world, is an excellent demonstration of why. Innovation drives everything Standard does, and their particular achievement drew on their internal expertise to reduce the downtimes of their ATMs.

Learning 100
article thumbnail

The Power of Questions And How To Use It!

Beyond the Obvious

I’ve been fascinated by the power of questions, either good or bad, for my entire professional life. The more I thought about them, the more I began to notice how people used them. I started to see how some people had the innate ability to formulate and pose questions that propelled others to make investigations […].

How To 63
article thumbnail

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.

article thumbnail

In Review: The Charter Hall PropTech Accelerator 2018 | Collective Campus

Collectivecamp

The real estate industry has long been considered a laggard insofar as technology adoption has been concerned with more than 40% of real estate companies still relying on spreadsheets and paper-based processes to manage properties today.

article thumbnail

Seeking out new Knowledge that Flows

Guide 4 Innovating

I have been heavily influenced by the great work of John Hagel and Deloitte’s “ Big Shift Index ” as a frame to measure the forces of long-term change. What really holds my attention is “knowledge flows” and they are suggesting we are moving from a world of push to a world of pull. The world is increasingly uncertain and to steer through this we need new ways to access, attract and accumulate understanding.

article thumbnail

?Legacy Thinking Is Transforming Us Into Can't Do Guys

Bill Fischer

After so many years of creating electric light, heavier than air flying machines, communications systems that span the world, enormous computer power that fits in our pockets, vaccines that have conquered age-old diseases, gone to the moon, etc., we have become the “can’t do guys”!

System 61
article thumbnail

I quit my job at Google — you can quit yours too

Board of Innovation

Read More. The post I quit my job at Google — you can quit yours too appeared first on Board of Innovation.

article thumbnail

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!

article thumbnail

An Educator's Guide To Implementing Design Thinking | Collective Campus

Collectivecamp

Design thinking is a mindset that empowers children with the ability to think creatively.

article thumbnail

Holacracy: Bringing Innovation to Every Corner of Your Organization

CREATORS

Everyone wants innovate, create new products, cut down costs. But what about an innovation in the way we structure organizations? A survey done by Deloitte in 2015 revealed that only 38% of over 7000 companies surveyed retained a traditional structure. Out of the 38% minority, 92% said organizational redesign was “the top priority.” One proposed alternate business model, adopted by companies such as Zappos, W.

article thumbnail

Here’s Why Even Highly Successful Companies Find It Hard To Innovate In New Markets

Innovation Excellence

In 1892, George Eastman formed the Eastman Kodak Company to “make the camera as convenient as a pencil.” It was an idea whose time had come and by the early 20th century, Kodak emerged as one of America’s largest companies and Eastman one of its most successful entrepreneurs. It wasn’t just that one idea that.

Company 49
article thumbnail

Formula 1 is Crowdsourcing Novel Viewing Experiences

IdeaConnection

Calling all petrol heads. Formula 1 needs your help. The “Tata Communications F1 Innovation Prize” is offering $50,000 to the person who comes up with the best way to improve broadcasts of races and how they are enjoyed by viewers. “We’re giving you, the fans the chance to design your F1 the ultimate user interface using F1’s diverse data points to create your own viewing experience,” commented Ross Brawn, the managing director of Formula 1.

article thumbnail

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

article thumbnail

Six ways to improve innovation through culture change

Wazoku

Based on the Innov8rs webinar on the same topic where Nicola Darke, Customer Success Director at Wazoku, Tim Westall, Co-Founder of April Strategy, and Hans Gillior, Founder of the Goodwind Company, each shared two ways to improve innovation through culture change. You’ve been assigned the grand task of transforming a business and don’t know where to start?

Culture 45
article thumbnail

L’Oreal VP on the Effective Use of Design Thinking in Business

Innovation Leader

Jackson Wang shares his advice on the most effective ways to use design thinking, highlighting lessons from his work as VP of Retail Design at L’Oreal and Procter & Gamble.

article thumbnail

Innovation Leaders as White Blood Cells

Innovation Excellence

One of the most important roles of the leader of a creative team is to keep the team separated from the rest of the organization. Just like your immune system separates you from disease. What is the most important trait of the creative team leader? In my research of why people are more creative in startup companies than in.

article thumbnail

A Success Story in Teaching Children Entrepreneurship | Collective Campus

Collectivecamp

Our recent Lemonade Stand program Lemonade Stand brought kids together to develop their entrepreneurial mindset and capabilities.

article thumbnail

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.

article thumbnail

Which Fintech Businesses Will Prevail in the Digital Future

InnovationManagement

One of the most popular resources that IdeaScale has ever created was our white paper about how crowdsourcing was going to impact the financial sector. I think the reason why that white paper was so popular was because crowdsourcing was just one of many emerging trends that were beginning to shake up the financial sector. Other financial trends included the emergence of blockchain, sophisticated hacker schemes, and much (MUCH) more.

article thumbnail

Innovation by numbers: Lessons to learn from the CIA and Netflix

Innovation 360 Group

Back in 2011, we were wondering how to develop the first hypothesis in the large and very complex assignments we were undertaking. We decided to look at other trades and industries to see how they approached complex tasks. After some investigation, we heard that the CIA was using something called “grounded theory”; later this turned out to be a vital element in capturing Osama bin Laden.

article thumbnail

Innovation Labs: rapid innovation (3/4)

Innovation Excellence

Did you miss Part One or Part Two? Innovation labs or rapid innovation centers are developing at fast pace. Hereafter, we prolongate the previous review of Innovation Labs, with an industry point of view. Each archetype can inspire the managers in charge of creating an innovation lab, and arm them to compose their own recipe for.

article thumbnail

5 (More) Ways to Redefine Innovation Strategy in Enterprise | Collective Campus

Collectivecamp

In an age where a firm’s innovation strategy can make or break the company, it’s more important than ever for companies to define what it means to innovate. In this article, we cover the strategies and models for business innovation strategy, along with examples.

article thumbnail

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.

article thumbnail

Embody the Alternatives

100%Open

One of the most important principles of design and innovation methods that we’ve learned and apply frequently in our work is to prototype different versions of a new idea. This consists of repeated and iterative tests which allow you to learn quickly what works and what doesn’t, to make them better and stronger, or to go back to the drawing board. Here is a great video of prototyping in action, from the 2016 film the Founder showing prototyping in action of the first McDonalds restaurant –

Video 40
article thumbnail

The Promise and The Challenge of Automation and AI In The Workplace

Faisal Hoque

An essential part of any future transition requires both left-brained (analytical) and right-brained (creative) talent and culture. Value creation process from Automation and AI is no different. The post The Promise and The Challenge of Automation and AI In The Workplace appeared first on Faisal Hoque :: Entrepreneur | Author.

Culture 40
article thumbnail

This May Be the Biggest Mistake an Entrepreneur Can Make

Innovation Excellence

Probability is a wonderful tool but it may also be the surest path to an ordinary life devoid of innovation. History is littered with people who reached for the impossible against odds that where less than zero. Our greatest fear is uncertainty. We will do anything to avoid it, including lying to ourselves and trying.

Tools 43
article thumbnail

How to Think Like a Startup - Keynote at IBM's Symposium | Collective Campus

Collectivecamp

I had the pleasure of attending and speaking at IBM’s annual A/NZ Partner Symposium at Luna Park in Sydney yesterday where the hot topics of innovation, disruption, transformation and startup agility were central to the day’s discussions.

Agile 40
article thumbnail

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.