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What goes around, comes around, in Innovation

Paul Hobcraft

Let me provide a quick introduction along with some brief explanations : Innovation for me always needs common reference points. Jeffrey and I believed, even more so today , that the innovation space needs a common starting point – a collaborative reference model. It needs connecting up in a comprehensive way. Let me be proved wrong!

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Goodhart’s Law: When a target becomes its own enemy

Idea to Value

This refers to the process whereby it is clear what the targets for success are, and an individual, group or company does just enough to qualify for meeting those specific criteria. One area where Goodhart’s Law gets even more dangerous is in target-based software development, especially Artificial Intelligence and Machine Learning.

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Helping discover your innovation pathway

Paul Hobcraft

I always find the post-New Year to be a reflective part of the year of reviewing, deciding, and then setting new goals. Innovation application and practice seem to have stayed stuck, largely due to how it is organized. This is a post about the sources of my knowledge that feeds my innovation passion. Let me start.

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Using a “budget pool” to reduce the cost of innovation

Idea to Value

For some types of projects that have previously been implemented, there can be a clear reference point as to how long they should take, how many resources they will need and how much they will cost. In most traditional business cases in large companies, a project must plan out its potential total costs from start to finish.

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How to Succeed with Corporate Innovation: Strategies and Best Practices

Qmarkets

However corporate innovation is often the most complex and challenging due to its scale and scope. Many organizations face difficulties in establishing effective innovation programs, often due to misaligned strategies, unclear processes, and inadequate tools. Assess the alignment of these initiatives with evolving business objectives.

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The Value of Knowing When to Pivot

IdeaScale

Pivoting refers to the idea of shifting your business strategy to meet the unexpected demand of customers, and this can take some unusual forms. A good example is the ubiquitous business chat software Slack. Taking A Turn. First, we should define what a pivot is. So what are your wins?

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How Open Source Can Help Drive Government Innovation

IdeaScale

Overview: Open source software, patents, and research provide the codebase, data, and information to anyone who wants to explore it. First coined as a term in 1998, open source has its origins in the computer science sector and refers to software where the source code of the project is freely available and can be modified by anyone.