The popularity of social media sites and the ease at which its data is available means these platforms are increasingly becoming primary sources for social research. Wasim Ahmedpresents a quick look at some of the tools available to social scientists for analysing social media data and also reflects on the limitations of the platforms and the methods used for this type of research.
I have a social media research blog where I find and write about tools that can be used to capture and analyse data from social media platforms. My PhD looks at Twitter data for health, such as the Ebola outbreak in West Africa. I am increasingly asked why I am looking at Twitter, and what tools and methods there are of capturing and analysing data from other platforms such as Facebook, or even less traditional platforms such as Amazon book reviews.
Creative products are novel and useful; Innovative products are novel, useful, and successful. Beforehand, it’s impossible to know if something will be successful, but if it’s useful there’s a chance it could be...
Startups' biggest challenge is designing a Minimum Viable Product (MVP) and using it to prove that a niche with paying customers can be profitably acquired. Seemingly, the more innovative the product is, the harder the initial early adopters are to...
Rowan Norrie's insight:
Useful tips for that difficult task of designing the MVP
In economic debates, it is about as close to a mantra as you can get: Innovation is good, and faster innovation is even better. You can never have too much of it. The World Bank, in a recent report, bemoaned what it called Europe’s “innovation deficit” and questioned whether Europe had “fundamental flaws in its economic environment”...
Rowan Norrie's insight:
Intersting arguments about when a country or company shoudl invest in innovation and be a leader and whenit is more prudent to hang back and be a follower.
The thing about brainstorming, idea management and other business tools for collecting ideas is that they are artificial processes that attempt to induce creativity on groups and, as such, acknowledge a simple fact: the office is a terrible place for having and developing ideas!
Rowan Norrie's insight:
Some good ideas about how to get out a mental rut and gain new insights.
As innovation practitioners, few of us would refute that decision-making is one of the biggest progress-halting problems in corporations pursuing innovation as a continuous process. This article introduces a hands-on tool to help innovators, management members and corporate boards to follow a visual, utterly practical method to “consider” (as opposed to evaluate) new projects and their possible implications in their companies’ future. The tool in turn, fosters lean communication and inclusive understanding among diverse participants, claiming that, by following its structure, innovation is not only possible, but repeatable.
Frugal innovation is associated with resource-constrained and low-income emerging economies such as those of Africa, India, and China, but we have recently seen the rise of frugal innovation efforts in developed nations including the U.S. and in Europe. These are not primarily cost-cutting measures, a response to financial constraint or a tepid economy. Rather, across the developed world, companies are beginning to use frugal innovation as a growth strategy. They are introducing a larger lineup of new products and services, often with greater economic and social value, at a much lower cost and using fewer natural and financial resources. Their goal is not to create cheap offerings. They want to create more effective offerings that draw people in with their simplicity, while also cutting down on the use of various resources.
It turns out that the four key attributes of frugal innovation — affordability, simplicity, quality, and sustainability — are exactly the qualities that customers in mature markets want most. This makes frugal innovation a viable growth strategy for companies expanding in those markets, not just in emerging economies.
Today, innovation is central to advanced and emerging economies alike; in many OECD countries, firms invest as much in the knowledge-based assets that drive innovation, such as software, databases, research and development, firm-specific skills and organisational capital, as they do in physical capital, such as machinery, equipment or buildings.
If you take a step back and look at the topline trends, the main focus of these innovation centers is also examining the deeper understanding of customer needs [35%]. That’s wonderful as people should always come first. It also seems to me that these innovation centers have things backwards. It should never be technology first. Without knowing the expectations, behaviors and values of digital customers, innovative technology is left without purpose. And, without purpose, technology is merely a means without an end. I learned this time and time again in my work in studying digital transformation. .
Rowan Norrie's insight:
Time to think like an entrepreneur and focus on customer
Growth is on the top of the management agenda as shareholders simply demand return on invested capital and current business is not delivering it. So what is the best route companies can take to achieve it? How can companies create and accelerate growth? To succeed companies must possess the capabilities and take a systematic approach to go beyond their core business.
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. This article is built around the question: Which personal abilities and traits as well as organizational culture enable an employee to be innovative?
Complexity has increased exponentially and has become the part of digital new normal. Imagine the complexity that comes in due to these characteristics (less structure, rules and regulations, diversity, volatility, ambiguity, unpredictability, lack of linearity and increased flux) working and impacting together. So the question is how to navigate it through, and what’re the best scenarios to manage such complexity?
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