What Business Leaders can Learn from Scientists As business owners and advisors who rely on innovation to drive growth and performance, this recent study drew our attention. Among 759 new ventures examined in Europe, the study finds that firms employing a “scientific method” to innovation generated significantly more revenue than a control group, and importantly, were much more likely to pivot away from commercially unviable ideas early. The scientific method is nothing new – it is a centuries-old discipline of crafting a question, formulating hypothesis, testing it through experiments and deriving conclusions via empirical analysis – thus ensuring that the results are reliable and verifiable. Yet many business decisions continue to be made based on hunches, beliefs and intuition, with limited objective analysis. By thinking like scientists, business leaders can significantly reduce risk, improve robustness of decisions under uncertainty and instill confidence in their leadership with both internal and external stakeholders. Let us know your thoughts on how you approach innovation and read more here: https://lnkd.in/grpcwdy8
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Innovation Unleashed: 6 Strategies To Unlock Intellectual Curiosity" shows how to turn curiosity into your upper hand. In a world where innovation equals power, promoting curiosity isn't just good, it's necessary. It's not just about asking the right questions, but inspiring groundbreaking ideas. I've witnessed how curiosity transforms challenges into opportunities. It's about digging deeper, defying the status quo, and asking, "What if? https://lnkd.in/ep-_GsQJ
Innovation Unleashed: 6 Strategies To Unlock Intellectual Curiosity
forbes.com
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Unlock the secrets of innovation with Stephen Wunker's. In a world where innovation is essential for long-term success, leaders must invest wisely. Wunker suggests that success lies in building clear systems with defined metrics, timeframes, and aspirations. -
ChangeThis | Unlocking Innovation
porchlightbooks.com
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#Innovation is both at the heart of business success, and hard to pin down. We found some research that identified five very learnable skills that distinguish innovation leaders: associating, questioning, observing, experimenting, and networking.
HOW CAN YOU BECOME AN INNOVATOR? - Up Your Business Skills | LevelUp-Africa
https://levelup-africa.co.za
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Successful innovation in big companies need spark, passionate & resilient doers and senior leader champions. This Harvard Business Review article talks about the middle part that is often overlooked. summary: Despite a multitude of initiatives in cross-sector collaboration and open innovation, businesses still struggle to support the development of game-changing ideas. The authors argue that the solution to this problem starts by recognizing an important truth: Innovation is about more than an idea—it is a long, collaborative journey. Innovation is more likely to succeed when it is a curated process in which an intermediary takes responsibility for sparking and sustaining collaboration among the people involved. #innnovation #corporateinnovation https://lnkd.in/ee8gz2mB
Nurturing Innovation
hbr.org
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Innovation is something to be fostered. Without an environment where ideas are free to roam or where failure is not just accepted but encouraged to try people will not innovate in favor of sticking to the status quo for fear they won't be received well. Setting structures in place which encourage innovation is a worthy endeavor for enterprises looking for game-changing ideas. #Innovation #Leadership #FosteringInnovation
Nurturing Innovation
hbr.org
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Innovation isn't just about generating ideas; it's about collaboration. Successful leaders foster collaboration throughout innovation by emphasizing the importance of sparking connections, developing relationships, and sustaining them over time. One method is to handpick participants for projects that align with their mission, values, and beliefs. Eager organizations may also adopt structured follow-ups and holistic mentoring for maintaining momentum. By providing ongoing support, leaders can bridge the gap between idea generation and implementation, and reduce the failure rate of new ventures. In today's rapidly evolving business landscape, fostering a culture of innovation requires more than just brainstorming sessions—it demands strategic collaboration and long-term commitment. How will you embrace the collaborative advantage of the 21st century and drive impactful innovation? #Innovation #Collaboration #BusinessDevelopment #Entrepreneurship #Leadership #HarvardBusinessReview https://ow.ly/VcpY50R8JxR
Nurturing Innovation
hbr.org
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As leaders, it’s so important to tap into the potential of our people and foster an environment that allows for the proliferation of groundbreaking ideas. But innovation is more than idea generation and hack-a-thons – it’s a journey, and it takes a village. Successful innovation is the product of an ecosystem, one where trust is nurtured and sustained support is vital. The ecosystems where trust and support are foundational allow collaboration to thrive and drive the most impactful innovation. It’s worth reflecting on how we nurture innovation as leaders. #innovation #collaboration #connection
Nurturing Innovation
hbr.org
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Innovation isn't just about generating ideas; it's about collaboration. Successful leaders foster collaboration throughout innovation by emphasizing the importance of sparking connections, developing relationships, and sustaining them over time. One method is to handpick participants for projects that align with their mission, values, and beliefs. Eager organizations may also adopt structured follow-ups and holistic mentoring for maintaining momentum. By providing ongoing support, leaders can bridge the gap between idea generation and implementation, and reduce the failure rate of new ventures. In today's rapidly evolving business landscape, fostering a culture of innovation requires more than just brainstorming sessions—it demands strategic collaboration and long-term commitment. How will you embrace the collaborative advantage of the 21st century and drive impactful innovation? #Innovation #Collaboration #BusinessDevelopment #Entrepreneurship #Leadership #HarvardBusinessReview https://ow.ly/KkAO50R8JxS
Nurturing Innovation
hbr.org
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The key job of strategic leaders is to find such ‘unreasonable’ persons who are simply not satisfied with the status quo, empower their audacity and support them. 1. Establish outlier recognition program 2. Create a culture of experimentation 3. Implementing an outcome oriented mindset In a world that glorifies well-aligned, consensus-driven conformists, the use of alternative thinking doesn’t just offer a competitive advantage, it is an existential need, else you are stuck with Grey Elephants. 😁 Raghu Raman- Thanks for the insights into conformists(grey elephant) vs accidental iconoclasts(eagles).
Organizations must think innovatively without falling into the innovation trap
livemint.com
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This is a great initiative for anyone wanting access to global thought leadership and connection. Technology and innovation is no longer something that is what IT does, or software developers do, or the realm of creative innovators. It impacts all of us, everyday. As we accelerate in the the development and adoption of different technologies we need to be having essential conversations about what it means, the implications, opportunities and trade offs. We are living in a unique point in time where we have the ability to create the future we want to see. This means creating the time and space to expose ourselves to a broader view of global trends, ethical considerations and the thoughtful deliberations of what it all means. Come along to the launch of the A Future by Design Program and be part of the journey - the future is everyone's responsibility. "I am not a digital technology person, in fact I work in an entirely different space, but am so glad I came to this event as I learned this is much broader and impacts us all" - March 2023 participant "The topics being covered here are critical to all of us - more people need to be exposed to this caliber of thinking!" - March 2023 participant #leadership #innovation #exponentialtechnologies #futurebydesign City of Perth Spacecubed Lotterywest Meshpoints @azolla The Platform Stephen Dawson Basil Zempilas Michelle Reynolds Marilyn Losinjanin Daniel High Raz ?. Nancy Mah Brodie McCulloch Nate Sturcke Marika Gare
Explore the future with us! Hear from global experts in #ExponentialTechnologies at the Academy of the Future. Learn more about how you can be part of the digital revolution. #Innovation #Leadership #WA https://lnkd.in/gQxegEn2 City of Perth Spacecubed Lotterywest The Platform @azolla Meshpoints SingularityU Australia Stephen Dawson Basil Zempilas Michelle Reynolds Ivana Deng Daniel High Marilyn Losinjanin Raz ?. Brodie McCulloch Nate Sturcke Marika Gare Nancy Mah Marion Burchell Christina Gerakiteys GAICD
Future By Design – Academy of the Future | Humanitix
events.humanitix.com
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