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Using Open Innovation to Identify the Best Ideas

Using Open Innovation to Identify the Best Ideas | Excellent Business Blogs | Scoop.it

To reap the benefits of open innovation, managers must understand what to open, how to open it and how to manage the resulting problems.

Kenneth Mikkelsen's insight:

Which parts of your innovation processes should you open up to the wider world?

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The best blog posts from fresh thinking and inspirational business people, scientists and economists
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About Excellent Business Blogs

About Excellent Business Blogs | Excellent Business Blogs | Scoop.it

Leaders cannot win in today’s business world with yesterday’s tools and strategies. In a slower moving, less confusing and more predictable world, things just didn’t change too much, too often or too dramatically.


The problem now is that world does not exist any more! As a result, the mindsets, attitudes, beliefs, processes and leadership competencies that have served us in the past, are not likely to be appropriate today, or in the near future. Leaders need to discover what’s next and play an active role in enacting the change.



The purpose of this site - Excellent Business Blogs - is to highlight some of my favorite articles, videos, graphics and audio that offers a fresh perspective on the transition we face in the modern workplace. 


My personal aim is to provide you with stories you can learn and grow from. The kind of stories that provokes personal reflection and constructive action. 

 

You're welcome to connect via: 

 

LinkedIn: www.linkedin.com/in/kennethmikkelsen


Google+: https://plus.google.com/+KennethMikkelsen


Twitter: www.twitter.com/LeadershipABC

 

Enjoy!

 

Kenneth


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New Report: Does HR Matter in Innovation? Is there Innovation in HR?

New Report: Does HR Matter in Innovation? Is there Innovation in HR? | Excellent Business Blogs | Scoop.it

Many of the challenges faced by an organisation wanting to innovate boils down to talent management, areas often directly under the influence of HR. In this study, we explore whether HR has become a partner yet in innovation.

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Your Workforce is Disengaged: Here’s What To Do About it

Your Workforce is Disengaged: Here’s What To Do About it | Excellent Business Blogs | Scoop.it

Change is in the air. With disruptive technologies hitting businesses from the outside in and the inside out, how companies invest in technology and ultimately how people use it to get work done is under significant re-evaluation.

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Why The Term "Innovation" Needs A Universal Standard

Why The Term "Innovation" Needs A Universal Standard | Excellent Business Blogs | Scoop.it

The definition of the word "success" in the business world is almost always interchangeable for “profitable.”


When that word is used in boardrooms and executive speeches, the meaning is usually pretty clear.

But what does the word "innovation" signal?


It’s been perhaps one of the biggest corporate buzzwords and initiatives for decades. Mention the word innovation to two people in the same organization and what are the chances they would give you the same definition?


They would probably apply it to different functions as well. Is innovation a new product line? Does it represent an improved process for efficiency? Is it a great idea?


The answer, simply, is yes.

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How the Internet of Things Changes Business Models

How the Internet of Things Changes Business Models | Excellent Business Blogs | Scoop.it

As the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out well-known frameworks and streamlining established business models won’t be enough. To take advantage of new, cloud-based opportunities, today’s companies will need to fundamentally rethink their orthodoxies about value creation and value capture.


Kenneth Mikkelsen's insight:

Value creation is no longer one-and-done.

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Creating Partnerships for Sustainability

Creating Partnerships for Sustainability | Excellent Business Blogs | Scoop.it

Companies are increasingly expected to join with other organizations - both public and private - to address social and environmental problems. Here are seven ways to make such alliances successful.

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Adapt to a New Culture – but Don’t Go Too Far

Adapt to a New Culture – but Don’t Go Too Far | Excellent Business Blogs | Scoop.it

Over-switching is a natural part of the adaptation process. The trick isn’t to make it go away; it’s to try your best to convert these inevitable errors into valuable learning opportunities. First, you need to understand the cultural code.

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The Innovative Employee: Traits, Knowledge and Company Culture

The Innovative Employee: Traits, Knowledge and Company Culture | Excellent Business Blogs | Scoop.it

How can a companies’ ability to innovate be improved?All innovation activity can be traced back to the behavior of employees. That makes the employee the center point of attention, if you want to improve your innovation ability. 

Kenneth Mikkelsen's insight:

This article is built around the question: Which personal abilities and traits as well as organizational culture enable an employee to be innovative?

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Nine HR Policies That Drive Good People Away

Nine HR Policies That Drive Good People Away | Excellent Business Blogs | Scoop.it

There is a particular, awful feeling you get working in a company that is sinking. You can tell the minute you walk in the door that the energy is off.  If you pay attention to the vibe you get on a job interview, you’ll know when a company is broken. People don’t look you in the eye. No one wants to be there, but you might take the job regardless if you’re out of other options.

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Tony Brugman (Bright & Company)'s curator insight, July 21, 10:34 AM

What kills a company? Incompetence and fear! Read the 9 'fear-based' HR policies that will 'scare' people away...

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Organising for Innovation: Old Ideas about New Ideas

Organising for Innovation: Old Ideas about New Ideas | Excellent Business Blogs | Scoop.it

Good organisation design can help companies become more innovative, but first you have to understand the nature of “new ideas” and how to generate them.

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Darrin J Wikoff's curator insight, July 7, 9:40 AM

Innovation occurs when you are forced to "solve a problem that you can't buy your way out of".  This is a great article about the true nature of innovation. To become excellent our business culture must thrive on innovation and recognize when standardization is our greatest constraint.

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Market Specialist Vala Afshar On the Future of Social Business

Market Specialist Vala Afshar On the Future of Social Business | Excellent Business Blogs | Scoop.it

Market expert Vala Afshar explains how to stay competitive in an ever-changing digital world.

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Adapt or Perish? How About Neither?

Adapt or Perish? How About Neither? | Excellent Business Blogs | Scoop.it

The business environment is changing - adapt or perish, some say. But there's a third choice - invent the future ourselves. Here are three skills that we need to help us do this.


Via John Hovell
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What the Theory of “Disruptive Innovation” Gets Wrong

What the Theory of “Disruptive Innovation” Gets Wrong | Excellent Business Blogs | Scoop.it

Clayton Christensen’s theory of “disruptive innovation” is founded on anxiety, fear, and shaky evidence. In this New Yorker article Jill Lepore investigates what the gospel of innovation gets wrong.


Kenneth Mikkelsen's insight:

I also recommend that you read Is Clayton Christensen's 'Disruptive Innovation' a Myth? by Frederick E. Allen, leadership editor of Forbes. 

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Is the Web Really a Gift From God?

Is the Web Really a Gift From God? | Excellent Business Blogs | Scoop.it

As a company it is crucial to have your own social media policy and design, working out a clear-cut, preventive strategy.


Many companies, no matter how big, often delegate these tasks to their tech department, social media lab or innovation guys. Deadly wrong.


To be strong online, with a clear identity and an original message, you need vision, not a bunch of media-wise kids showing up at work in shorts and flip-flops. Is the CEO aware of the ambiguities, power and cunning ways of the web?


Has the board agreed on a common perspective, how to link to your clients, how to shape your own community, how friendly you want to appear on Twitter, Facebook, Pinterest?

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The 6 Elements of Persuasion

The 6 Elements of Persuasion | Excellent Business Blogs | Scoop.it

When you want to get your customer to say yes, keep these principles in mind.


Via Stefano Principato
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How To Scale Company Culture For Competitive Advantage

How To Scale Company Culture For Competitive Advantage | Excellent Business Blogs | Scoop.it

Given the speed and skill with which today’s companies move -- especially technology businesses -- competitive advantage derived from a product or idea can be erased at a moment’s notice. But strong culture never dies. Culture isn’t just a set of inspirational sayings and wall ornaments. Culture is what you collectively believe and -- in practice -- what you collectively do.


How can companies make culture systemic?  First and foremost, make it endemic to personnel decisions.  Put culture at the core of why you hire, fire and promote people.


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Chris Anderson on Why Community-Driven Companies Will Always Win

Chris Anderson on Why Community-Driven Companies Will Always Win | Excellent Business Blogs | Scoop.it

Communities are essential agents for change in an era of open innovation. The CEO of 3D Robotics—and former editor in chief ofWired—shares his own experience in harnessing the power of communities. He also explains how traditional companies can tap into this disruptive force.

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"Weird Al" Yankovic - Mission Statement

An ode to management buzzwords - or corporate bullshit if you will - from Weird Al Yankovic.

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Moving Beyond Marketing

Moving Beyond Marketing | Excellent Business Blogs | Scoop.it

The 2014 research report by MIT Sloan Management Review and Deloitte finds clear evidence that companies across industries are creating value with social business.


A key finding is that social business value is a function of social business maturity.


This year’s report details the drivers of that maturity and how companies are using social business to transform their organizations and reap greater gains from their social business efforts.

Kenneth Mikkelsen's insight:

Download the full report here

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David Hain's curator insight, July 16, 10:45 AM

How mature is your business in terms of managing #SocialCapital?@RobPeters @thomaspower

Gary Bamford's curator insight, July 17, 3:39 PM

It's good to be social ...

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Mastering Digital Marketing

Mastering Digital Marketing | Excellent Business Blogs | Scoop.it

The era of the traditional marketing campaign is ending. In this interview, McKinsey’s David Edelman explains what companies get wrong when it comes to digital marketing and the changes needed to better engage consumers.

Kenneth Mikkelsen's insight:

To understand the changing nature of marking I strongly encourage you to also read the July/August 2014 edition of Harvard Business Review. In particular this article: The Ultimate Marketing Machine.


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Agile Business Model Innovation

Agile Business Model Innovation | Excellent Business Blogs | Scoop.it

Business model innovation(BMI) is risky, but when companies do it with agility, they thrive. This article looks at how Return Path, the global leader in email marketing, met the challenge of applying BMI successfully. The authors interviewed up to 700 CEOs to better understand BMI drivers.

Kenneth Mikkelsen's insight:

Business model innovation is the development of novel configurations of resources and transactions to create new markets or serve markets in new ways.

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GE Global Innovation Barometer 2014

Two-thirds of executives surveyed for the GE Global Innovation Barometer believe businesses have to encourage creative behaviors and must disrupt their internal processes in order to do so. They are taking action, embracing the need to transform and adapt to an unprecedented - and at times undefined - reality. 



Kenneth Mikkelsen's insight:

Check the GE Ideas Lab website for further information. 


I also suggest that you read Paul Hobcraft's excellent blog post about the report here

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Four Questions to Revolutionise Your Business Model

Four Questions to Revolutionise Your Business Model | Excellent Business Blogs | Scoop.it

Innovation is about more than groundbreaking technology. Rigorous, systematic questioning of risks in your business model can unleash opportunities for game changing performance improvements.

Kenneth Mikkelsen's insight:

In their new book The Risk-Driven Business Model: Four Questions That Will Define Your Company, Karan Girotra and Serguei Netessine want companies to answer four questions: Who, What, When, and Why in order to revolutionise their business model.


Watch also this related video: The Risk-Driven Business Model.


Karan Girotra blogs on HBR here. Follow him on Twitter: @Girotrak.


Serguei Netessine blogs on HBR here. Follow him on Twitter: 

@snetesin





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How to Kill Quarterly Earnings Guidance

How to Kill Quarterly Earnings Guidance | Excellent Business Blogs | Scoop.it

Quarterly earnings guidance has outlived its usefulness.


There are instances when it might be perfectly legitimate and value enhancing to issue earnings guidance in an effort to inform the market about material disruptions, shifts in the business model etc., but on the whole, the practice is not a helpful way of building a sustainable business that is geared to succeed in the long-term.


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The New Face of Uncertainty

The New Face of Uncertainty | Excellent Business Blogs | Scoop.it

Uncertainty is a double edged sword in the human experience - it provides us with excitement, but it also causes us a great deal of stress and discomfort. One of the tricks of life is learning how to stay on this razor’s edge between adventure and catastrophe.


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Can a Company Pay It Forward?

Can a Company Pay It Forward? | Excellent Business Blogs | Scoop.it

We’ve all heard of “paying it forward” - the idea that one thoughtful act on someone’s part can touch off a chain reaction of good deeds. These are simple, inexpensive gestures that brighten a customer’s day and generate loyalty.

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Sandeep Gautam's curator insight, June 17, 12:06 PM

Create a culture of delighting customers and spreading happiness via pay it forward:-)