Innovation & Institutions, Will it Blend?
3.2K views | +0 today
Follow
Innovation & Institutions, Will it Blend?
Where innovation is happening beyond the stuff of small start-ups & tech companies. For the BEST of the BEST curated news in performance, change, agile learning, innovation, motivation and careers, SUBSCRIBE to REVELN.com/Tools/
Your new post is loading...
Your new post is loading...
Scooped by Deb Nystrom, REVELN
Scoop.it!

Harvard Woman Demos 3D Printed Makeup, Industry Disruption In Mind

Harvard Woman Demos 3D Printed Makeup, Industry Disruption In Mind | Innovation & Institutions, Will it Blend? | Scoop.it
"We’re going to live in a world where you can take a picture of your friend’s lipstick and print it out," says the founder.


Grace Choi was at Harvard Business School when she decided to disrupt the beauty industry. She researched and realized that "The makeup industry makes a whole lot of money on a whole lot of bulls**t,"  Choi said at TechCrunch Disrupt this week.


"They charge a huge premium on something that tech provides for free. That one thing is color."


Color printers are available to everyone, and the ink they have is the same as the ink makeup companies use in their products. She also says the ink is FDA approved.

She demonstrated how it works, then brushed some of the freshly-printed makeup onto her hand. 

Related tools & posts by Deb:

      

  • Stay in touch with Best of the Best news, taken from Deb's  NINE multi-gold award winning curation streams from @Deb Nystrom, REVELN delivered once a month via email, available for free here,via REVELN Tools.

          



Deb Nystrom, REVELN's insight:

Choi shows just how susceptible the beauty industry is to disruption with her 3D printer and company, Mink.   As email and the internet disrupted the US Postal Service and the media industry, 3D printing attracts entrepreneurs who are ready to disrupt long standing, premium priced industries like beauty products.  ~  Deb

more...
Deb Nystrom, REVELN's curator insight, May 6, 2014 4:10 PM

Choi shows just how susceptible the beauty industry is to disruption with her 3D printer and company, Mink.   As email and the internet disrupted the US Postal Service and the media industry, 3D printing attracts entrepreneurs who are ready to disrupt long standing, premium priced industries like beauty products.  ~  Deb

Scooped by Deb Nystrom, REVELN
Scoop.it!

The Tipping Point between Structure & Innovation

The Tipping Point between Structure & Innovation | Innovation & Institutions, Will it Blend? | Scoop.it

"Somewhere between the two extremes exists a tipping point – a place where full creativity and the lack of structure reaches a balance with purposeful, valuable and necessary structures and processes."


____________________

Balancing structure and freedom, processes and creativity is an art, not a science.  ____________________

Move much more toward additional structure and you begin to limit and stifle creativity and innovation outcomes. 


Move much more toward freedom and creativity and you lose the ability to manage, develop and commercialize ideas. Where does the tipping point reside?


Your innovation activities need enough structure to identify and commercialize great ideas effectively, but not so much structure that people are stymied or slowed by processes, forms and decisions. 


In organizations where purposeful innovation is fairly new, the tipping point is closer to the regimented side, since there are few widely distributed capabilities or tools. As an organization gains experience innovating, the structure and rigidity become less important, as innate skills and culture learn to shape and manage ideas more effectively.


Related posts by Deb:



   
Photo:  by lambdachialpha Flickr CC
Deb Nystrom, REVELN's insight:

It's the art of deciding how to get the balance right: SO MANY businesses along with newbie or ill-informed managers stifle creativity, resulting in rampant mediocrity, morale problems and talent loss. Turn it around from victim, persecutor roles to encourager, challenger, collaborator, coach of your innovators.  ~  D

more...
No comment yet.
Scooped by Deb Nystrom, REVELN
Scoop.it!

Six Stages to Achieving a Big Data and Innovation Culture

Six Stages to Achieving a Big Data and Innovation Culture | Innovation & Institutions, Will it Blend? | Scoop.it
Companies are realizing analytics are actually at the center of their company, whereas before analytics was just at the edge. According to Bruno Aziza of SiSense, that’s having an impact.


Aziza’s credentials are robust. Prior to SiSense, he ran data analytics programs at Microsoft, Apple and Business Objects (now a SAP company). He is the co-author of two books in the business analytics space, one of them the best-selling tome, Drive Business Performance: Enabling a Culture of Intelligent Execution(Wiley, 2008).


 He is a fellow at the Advanced Performance Institute, an independent advisory group specializing in organizational performance, and he has over 12,800 Twitter followers at @brunoaziza.


Excerpts:


…there are six cultural stages, kind of like the five stages of grief, except that …the higher you go the better shape you’re in.

  

1) Increased Visibility > looking at data but not able to tell what the data is telling them.

  

2) Move Beyond Gut Feel > understand the data, apply judgment to it so you’re able to react to information faster than anybody else.

In these first two stages, the types of problems you’re trying to solve are backwards looking analysis. you’re building infrastructure so you understand where your data comes from and what happened yesterday.

   

3) Plan for Success > “Here is what success means.”

   

4) Execute on Strategy > align our strategy to our knowledge, our ability to adjust based on success or failure on certain actions. Very few companies are at this stage.

   

5) Power to Compete > you are able to compete, taking strategic market share from the market you’re in, or adjacent markets.

   

6) Culture of Performance >  which is more of the North Star rather than a place where you end up:  “Run it like you own it.”

Deb Nystrom, REVELN's insight:

Some data driven, high performance companies may be over obsessed with data. The author describes six (6) stages of becoming, including "achieving a Culture of Performance as more of the North Star rather than a place where you end up." ~ D

more...
No comment yet.
Scooped by Deb Nystrom, REVELN
Scoop.it!

Innovation, USAID and Smart Partnerships & Investments in Developing Countries

Innovation, USAID and Smart Partnerships & Investments in Developing Countries | Innovation & Institutions, Will it Blend? | Scoop.it

Companies are moving from corporate social responsibility to seeing these partnerships as Profit and Loss investments, with a huge potential for business growth.


Maura O'Neill, is the Chief Innovation Officer and Senior Counselor to the Administrator at the US Agency for International Development (USAID).  She highlights several ways that USAID fosters international innovation & development in poorer countries, in a way that all can benefit.


Maura O’Neill:


USAID pioneered innovations in development including:

  • the green revolution and oral rehydration therapy, saving millions of lives globally
  • pioneering mobile money in Afghanistan and Haiti, enabling their citizens to use their phones to send and receive money, purchase goods, pay bills, or run businesses helping transform their national economies
Trends:
  • Smart partnerships are emerging between companies, governments, and philanthropists with a huge potential for business growth in the developing world
  • companies have moved from corporate social responsibility to increasingly seeing these partnerships as Profit and Loss investments.

Sustainability:

  • Partnering  “mashes up” USAID deep development expertise with the private sector to help make development strides permanent. 
more...
No comment yet.
Scooped by Deb Nystrom, REVELN
Scoop.it!

Why Best Buy is Going out of Business...Gradually - Forbes

Why Best Buy is Going out of Business...Gradually - Forbes | Innovation & Institutions, Will it Blend? | Scoop.it
Consumer electronics retailer Best Buy is doing everything wrong.


Yep, failure to innovate quickly enough in an age of rapid innovation.

Failure to know & implement HOW to innovation


The Wall Street Journal post on this curation site and this Forbes article make a good pair, a good mash-up of why Innovation and Institutions, Will it Blend is a continuing question on survivability.


Here's an excerpt:


....The company remains a ripe target for more nimble competitors.


...To discover the real reasons behind the company’s decline, just take this simple test. Walk into one of the company’s retail locations or shop online. And try, really try, not to lose your temper.


I admit. I can’t do it.


...According to the company’s website, it’s backordered but available for pickup at the store we visited. The item wasn’t there, however, and the sales staff had no information.


...my friend decided to buy some other blu-ray discs. Or at least he tried to, until we were “assisted” by a young, poorly groomed sales clerk from the TV department, who wandered over to interrogate us. What kind of TV do you have? Do you have a cable service, or a satellite service? Do you have a triple play service plan?


My friend politely but firmly told him he was not interested in switching his service...The used car style questions continued.


We left the store, my friend having made his purchase but both of us fuming. 

more...
No comment yet.
Scooped by Deb Nystrom, REVELN
Scoop.it!

Big Company Innovation Trailblazing: P & G's Latest Innovations & Innovation Approaches

Big Company Innovation Trailblazing:  P & G's Latest Innovations & Innovation Approaches | Innovation & Institutions, Will it Blend? | Scoop.it

This is Proctor & Gamble's site posting their monthly innovations spaces.  In a post-Jobs-angst world where Apple and Google are maturing admist buzz that they may be losing their innovation edge, P & G stands as an example of large company innovation, connected with the leadership of A.G. Lafley.

 

From the site: "We are growing P&G by fulfilling our Purpose with innovative products that improve people’s lives in small but meaningful ways."

 

P & G's website & global showcase:

 

* The Clay Street Project - November - taps into P&G's greatest asset – its people.

 

* The Loft Approach - September - an immersive, multi-sensorial experience based on classic storytelling that helps P&G teams solve unique problems, look at a new future and create new products.

 

* Business Sphere - Business Sufficiency analytic models enable the Company to be rapidly responsive to changes in the marketplace and uncover new opportunities

 

* Product of the Year - June - Consumers around the globe chose 22 P&G products to be honored with Product of the Year Awards for 2011. These awards represent the world's largest consumer-voted distinction for product innovation.

more...
No comment yet.
Scooped by Deb Nystrom, REVELN
Scoop.it!

Disruptive Technology and Innovation Requires Change Management & New Talent Strategy

Disruptive Technology and Innovation Requires Change Management & New Talent Strategy | Innovation & Institutions, Will it Blend? | Scoop.it
HR professionals know that anything that causes business disruptions is certain to have implications for human resource management, including the growth of 3-D printing.


I admit I'm looking forward to it. I think the 3-D printer is such a disruptive technology that I want to be in on the fun.


______________________
   

...The teenager found the plans on the Internet. Imagine, open-sourced body parts!

    

______________________

   


The news reports range from 3-D printing an iPhone case to high-heel shoes, or models of body parts on which doctors can practice.


...my favorite use of the technology so far goes to a teenager who used a 3-D printer at a local library to build a prosthetic hand for a boy who was born without fingers. The hand opens and closes and can even hold a pencil. The teenager found the plans on the Internet. Imagine, open-sourced body parts!


Implications for HR leaders? 
  

McKinsey recently issued a report highlighting some of the business disruptions that are likely to result from this new technology.



______________________

   

... there may be very specific, and difficult to find, talent requirements for such a shift, and begin to devise a talent-development and sourcing strategy to meet the [need]

   

______________________

   

3-D technology  -- aka additive manufacturing -- is likely to accelerate product development.  ... Value may not come from manufacturing a product; it may come from being able to add uniqueness to the design alone.

   

  • Don't wait until someone tells you it might have an impact: Know the business well enough to raise the issue if no one has mentioned it already. 
     
  • Help the executive team consider the strategic implications of the technology and whether it can be leveraged to the business' advantage or whether the business needs to be prepared to meet new forms of competition.
    
  • Recognize that there may be very specific, and difficult to find, talent requirements for such a shift, and begin to devise a talent-development and sourcing strategy to meet the skilled-worker needs of a new manufacturing strategy.

 

Related tools & posts by Deb:

      

  • Stay in touch with Best of the Best news, taken from Deb's  NINE multi-gold award winning curation streams from @Deb Nystrom, REVELN delivered once a month via email, available for free here,via REVELN Tools.

          

    
Deb Nystrom, REVELN's insight:

This is a quality article emphasizing the need to be ready for adaptive change, perhaps fast.  As author Susan R. Meisinger suggests, be "not only be prepared to manage the change, ...be leaders within the organization in embracing and driving change."  I'd add, create a learning environment now with leadership at all levels to empower your ability to change together.  Share what's important to be ready.  ~  D

more...
No comment yet.
Rescooped by Deb Nystrom, REVELN from New Work, New Livelihood, Careers
Scoop.it!

Be Constructive—Not Invasive—With Big Data, The WSJ Experts Stream

Be Constructive—Not Invasive—With Big Data, The WSJ Experts Stream | Innovation & Institutions, Will it Blend? | Scoop.it

Two perspectives:  1) ...the real risk in a hyper-data world is use that crosses the line between constructive and invasive, and 2) that people will use it naively, and to mistake correlation.

   

Angela Ahrendts:  The security dimensions of Big Data are well rehearsed, and protection must be a given. ...the real risk in a hyper-data world is use that crosses the line between constructive and invasive.

  

For us, Big Data must be about serving our customers’ interests, rather than our own.

      

….Customer information should work for the customer, making every retail experience a great retail experience...    Appropriately protected and intelligently used, we believe it can do just that.

  

Angela Ahrendts (@AngelaAhrendts) is the CEO of Burberry.


____________________

Figuring out what causes what, and why and under what circumstances is hard work. Big Data is a tool for this work, not a substitute for it.

____________________


Andrew McAfee:  ... Big data’s great promise is that it’ll get us out of ....decision-making by HiPPO—the Highest-Paid Person’s Opinion. ... In the same way that witch doctors gave way to actual doctors as medicine became a science, HiPPOs will in many domains give way to data-driven decision making.


Many people accurately perceive that Big Data will give rise to privacy concerns, but I want to highlight a different risk:


  • That people will use it naively, and to mistake correlation (“as the geese fly away, the weather gets colder”) with causation (“the geese are causing winter!”). Figuring out what causes what, and why and under what circumstances is hard work. Big Data is a tool for this work, not a substitute for it.


Andrew McAfee ( @amcafee ), a principal research scientist at Massachusetts Institute of Technology and the co-author of the e-book “Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy.”



Recent posts by Deb:  

  


Deb Nystrom, REVELN's insight:

I've already received a comment on my LinkedIn stream about the invasiveness of big data and employee email.  Here's two more perspectives on using Big Data well.  ~  D

more...
Deb Nystrom, REVELN's curator insight, November 25, 2013 10:41 AM

This article from this past April offers a way to see beyond the "shiny new toy" syndrome of the Big Data buzzwords, to help it be the tool it's meant to be.  ~  Deb

Scooped by Deb Nystrom, REVELN
Scoop.it!

The Facebook Business Model, Really? University Courses, Build Now, Money Later

The Facebook Business Model, Really?  University Courses, Build Now, Money Later | Innovation & Institutions, Will it Blend? | Scoop.it

Something ununusual is happening in usually glacially-paced universities; they are investing in a start-up strategy: "Build fast and worry about money later."

  

There is some controvery that access to free courses does not a degree make, and that, after all, this could be a grand marketing scheme with questionable motives. Degrees are still in demand as much as they ever were.

  

_____________________

   

"[It's] a new educational plutocracy where the "rich" are enabled and embraced, and the middling and lower classes are given scraps ...so that they can participate, but perhaps not really benefit.  ~  Stacey Simmons

_____________________

    


"By denying qualified people (meaning those who have completed the work) access to degrees or some other endorsement, institutions are establishing a new educational plutocracy where the "rich" are enabled and embraced, and the middling and lower classes are given scraps by which they might educate themselves so that they can participate, but perhaps not really benefit, and certainly never enter the world of the elite. ~ Stacey Simmons, one of Fast Companies "Most Creative People"

  

If you've seen the movie: The Social Network, you'll know that that using Facebook as a business model is not unknown to higher education. However something ununusual is happening in usually glacially-paced universities; they are investing in a start-up strategy: "Build fast and worry about money later."

   

Excerpted:    

   

Coursera is following an approach popular among Silicon Valley start-ups: Build fast and worry about money later. Venture capitalists—and even two universities—have invested more than $22-million in the effort already.

   

_____________________


But, does it change their lives for the better?
_____________________


"Our VC's keep telling us that if you build a Web site that is changing the lives of millions of people, then the money will follow," says Daphne Koller, the company's other co-founder, who is also a professor at Stanford.

    

====


Deb: But, does it change their lives for the better?  Stanford, of course, had one of the first professors to jump ship to offer a large, free course to the world.  


  • Sebastian Thrun, an adjunct professor of computer science at Stanford who invited the world to attend his fall semester artificial intelligence course and who ended up with 160,000 online students, announced he had decided to stop teaching at Stanford and direct all his teaching activities through Udacity, a start-up he co-founded that will offer online courses from leading professors to millions of students.


Stacey Simmons, CEO & Founder at Omnicademy, questions the motivations of offering free courses if degrees from prestigious institutions are not accessible to the many.  On the other hand, it could be an amazing new education model, per her TED conversation here.

     
    
My own alma mater, University of Michigan, has been among the first to invest.

Source: The Chronicle of Higher Education, How an Upstart Company Might Profit from Free Courses


More about Deb's tools & skills are here:
Planning & Strategy Retreats
Presentation Videos
Deb's mothership:  The REVELN website

more...
No comment yet.
Scooped by Deb Nystrom, REVELN
Scoop.it!

Two Of New York's Hottest Entrepreneurs Explain Why Doing Social Good Is Great For Your Business

Two Of New York's Hottest Entrepreneurs Explain Why Doing Social Good Is Great For Your Business | Innovation & Institutions, Will it Blend? | Scoop.it

"Be excellent to each other."


Here's why the companies were so successful, according to the founders:


Neil Blumenthal, co-founder of Warby Parker:


We find that 50 percent of the people coming to our site come from word of mouth, and because we do good, we feel like that's a big part of generating that buzz.


Lincoln Brown, co-founder of SoJo Studios:


We have around 450,000 players — around 2.5 percent of them pay for goods in the game. We give around 50 percent of our profits — but no less than 20 percent of our revenue — to social good.


It turns social games from a guilty pleasure into something gamers feel good about playing.


Read more: http://www.businessinsider.com/two-of-new-yorks-hottest-entrepreneurs-explain-why-doing-social-good-is-actually-great-for-your-business-2012-2#ixzz1mHmi0oxS

more...
No comment yet.
Scooped by Deb Nystrom, REVELN
Scoop.it!

Gary Hamel & Hacking in the MIX: the Management Innovation eXchange

Gary Hamel & Hacking in the MIX:  the Management Innovation eXchange | Innovation & Institutions, Will it Blend? | Scoop.it

The recession, debt crisis and general social chaos that we are living with at the moment is generating BIG questions.


One of the best management mavericks is Gary Hamel who is also the figurehead behind the Management Innovation eXchange or MIX.


MIX is a management social network that allows business people to share ideas, identify barriers and propose (management) hacks.


It’s aim is simple, if we collectively add ideas – crowdsourcing – we will understand the systemic problems better and find solutions quicker.

more...
No comment yet.