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Status Quo bias: Why people are resistant to change

Idea to Value

The current baseline (or status quo) is taken as a reference point, and any change from that baseline is perceived as a loss. Researchers have even developed a test to help people see if they are suffering from the status quo bias, called the Reversal Test. This test has however come under scrutiny as to whether it is effective or not.

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Why Every Large Organization Should Decentralize Innovation

Idea to Value

A fully centralized ownership of innovation and idea management naturally makes it easier to achieve “maturity”, since that one team can manage everything in a controlled manner, often with the same exact process for every idea and innovation. That, however, is where the problem lies. Result orientation.

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What Is Corporate Social Innovation? Understanding the New Driver of Change

IdeaScale

Co-creation refers to the phenomena of two entities working together to overcome a challenge or an issue. For example, rather than saying your aim is to deliver nutritious food to the poor, you can say that the goal is to increase distribution of nutrients to a population with a particular income by 100% in the next 2 years.

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Getting back to the Future about Innovation

Paul Hobcraft

We have actively collaborated and designed tools and frameworks over the years that we believe had some of our insights “baked” into them to offer valuable reference points to help us all work through connecting innovation in hopefully better ways. Jeffery and I go back within the innovation space a long way.

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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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Emotional Intelligence: The Game-Changer in Leadership Development

Leapfrogging

Defining Emotional Intelligence Emotional intelligence refers to the ability to perceive, control, and evaluate emotions in oneself and others. Leaders with high self-awareness are conscious of their strengths and weaknesses and can perceive feedback with openness.

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The Fallacy of the Aha Moment & Overnight Success in Innovation

Idea to Value

The real stories behind some of the famous examples people usually refer to when they talk about big aha moments and overnight successes are often quite different. Editor’s note: Darwin was also in contact with Alfred Russel Wallace , who was developing his own theory of evolution and natural selection at the same time as Darwin.