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The Interdependence of Three Ecosystems of Business Design

The Interdependence of Three Ecosystems of Business Design | Business Models | Scoop.it
We all need to recognize that the world is changing. It is a highly connected one, built on some incredible technological advances. What is emerging as crystal clear, is that the single industry and…

Via june holley
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"One of the central drivers of the competitiveness of all organizations is their effective use of knowledge."
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Rescooped by William Smith from CxBooks
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A (partially) interactive introduction to Systems Sciences

This eTextbook contains the system-scientific contents taught at the Institute of Systems Sciences, Innovation and Sustainability Research (SIS) at the University of Graz

 

Organically farmed by Manfred Füllsack


Via Complexity Digest
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Interesting content and an intriguing interface. Check it out.
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Mathematicians Decode the Surprising Complexity of Cow Herds

Mathematicians Decode the Surprising Complexity of Cow Herds | Business Models | Scoop.it

A model shows that cow herds may be extremely dynamic, secretly contentious gatherings of warring interests.

DO ME A favor and picture a pasture dotted with a herd of grazing cows. Some stand and stare at you with that patented cow stare, others bury their heads in the green, green grass, while still others have laid down for a rest. Tranquil, right? About as simple as life gets? Well, I’m sorry to say that your idea of the herd life may be a lie. Because a new mathematical model posits that while they don’t look it, cow herds may be extremely dynamic, secretly contentious gatherings of warring interests. Yes, with the help of a biologist, mathematicians calculated the fascinating dynamics of cow herds, and yes, they reported it today in a journal called Chaos. A cow’s life is rife with conflict, thanks to a blend of ecology and biology. Think of a cow as existing in three states: moseying around feeding on grass, standing there staring, and lying down resting. All totally doable at the creature’s own leisure—if it’s alone. But that’s not how cows roll. They congregate in herds as an anti-predator measure.


Via Alessandro Cerboni
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Get Your Business Strategy onto One Page

Get Your Business Strategy onto One Page | Business Models | Scoop.it
An effective business strategy summary typically includes the following 5 components: 

1. A summary of your organization’s strengths and weaknesses, along with the opportunities and threats you see

2. Your vision, mission, and values

3. The top business goals of the organization that, if achieved, will drive your success

4. The individual strategies that will help you achieve those goals

5. The measurement components for each strategy

And don’t forget to leave space for individual leaders to customize the organizational information for their teams.

Via Don Dea
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Useful summary...
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13 Practices of the World’s Most Innovative Organizations

13 Practices of the World’s Most Innovative Organizations | Business Models | Scoop.it

innovative management is any process that involves changes in planning, ideation, technical execution and production of resources in a way that can make a system more functional for people. In context of business, it focuses on two major objectives: Improving operational systems of an organization;  Enhancing products/services for end-users. In the former case, it takes into consideration the leadership, management and resources that make up the working machinery of an organization. In the latter case, it works on the systems and processes involved in creative and technical aspects of developing a product/service. An effective innovation strategy results in better performance of employees, increased productivity and higher customer satisfaction.Applying these 13 practices will help you create an effective innovative management strategy that will foster creative thinking in your organization:

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13 Practices of the World’s Most Innovative Organizations
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Loyalty Failures

Loyalty Failures | Business Models | Scoop.it
Let's define loyalty as a customer repeatedly and preferentially selecting a vendor's products and services. Loyal customers also may support a brand through advocacy and volunteering their time and efforts. For example, a customer who takes a survey or writes a knowledge base article is loyal. Shouldn't that behavior be rewarded?

Above all, loyal customers accept the vendor's value proposition -- while they always appreciate a discount, they don't wait for one. A loyalty program should make better customers, not just bring in those looking for a deal.

Rewarding the Right Behavior

If you have a rewards program that is not generating the results you want and need, you might try using it to reward other -- non-purchase -- behaviors that are more in line with your goals for growth and profitability.

Consider this: A company that has a 10 percent margin on a product and that offers a 5 percent reward or discount is cutting its margin in half and eroding its ability to fund the things that make it a desirable vendor to do business with.

Via Don Dea
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...loyal customers accept the vendor's value proposition...
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Competitive Intelligence is Integral to the Innovation Process

Competitive Intelligence is Integral to the Innovation Process | Business Models | Scoop.it
Wargaming is a competitive scenario exercise that allows teams to delve deeper into identified opportunities, threats, and potential market outcomes. Wargames provide a means to gain a better understanding of market shifts and how they will impact competitor actions. Some examples of questions in the innovation process that can be answered with wargaming include:
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Rethinking Design Thinking |

Rethinking Design Thinking | | Business Models | Scoop.it

Design Thinking has become one of the most visible and promising innovation movements in recent history, yet all design thinking is not the same, especially in practice. The current proliferation of a one-size-fits-all approach is not only ineffective, it could ultimately doom its future. We see this all the time: workshops filled with post-it notes…

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Rescooped by William Smith from Business change
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Five Ways To Make Strategic Plans Succeed

Five Ways To Make Strategic Plans Succeed | Business Models | Scoop.it
Each year, business leaders complain about how strategic planning is ineffective or useless. A growing number of articles point to this problem. Strategists have become the whipping boys of the corporate executive suite. Despite the hours strategy teams spend on rigorous analysis, scenario modeling, market research and countless plan drafts which point out specific problem areas or new growth opportunities, when it comes time to state the strategy, business leaders cop out. They end up softening the edges. They resist being specific. They compromise because they don’t want to offend anyone or leave any group out.  They don’t want to risk placing a bet and being wrong, so they bet on everything.

The result is a lowest common denominator strategic plan which sounds pleasing to everyone, but serves no one. Companies need to break the cycle. Here are five practical and actionable things business leaders can do right now to make their next strategic plan better.

Via David Hain
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David Hain's curator insight, December 2, 2016 4:13 AM

Lot of sense here about prioritising, stopping less important work, ensuring alignment against scope creep. It's less the planning than the execution that is the issue!

Ian Berry's curator insight, December 8, 2016 1:47 AM
There's some good common sense here however the wise gather the information, determine insights then describe their strategy in a sentence. The hard work is then ensuring every employee has their unique piece of the execution map. Strategic planning is actually a oxymoron
Rescooped by William Smith from Complexity & Systems
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The pertinence of the systems approach to wicked problems faced by planners generally

The pertinence of the systems approach to wicked problems faced by planners generally | Business Models | Scoop.it
In 10 slides I will explain above concept map which enables an integrated conceptualization of the logical relationships of the core characteristics of wicked problems with the basic requirements and workings of the systems approach.

Via Bernard Ryefield
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Visualizing the 4 Essentials of Design Thinking — Good Design — Medium

Visualizing the 4 Essentials of Design Thinking — Good Design — Medium | Business Models | Scoop.it
A couple of days ago, I was looking for a visual illustration of Design Thinking to share with my colleagues and clients. Thousands of…

Via David Ednie
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Nicely done synthesis of the four conceptual models.
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David Ednie's curator insight, August 15, 2016 7:33 AM

Always use Divergent Thinking before Convergent Thinking

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Adaptive Computation: The Multidisciplinary Legacy of John H. Holland

Adaptive Computation: The Multidisciplinary Legacy of John H. Holland | Business Models | Scoop.it

John H. Holland's general theories of adaptive processes apply across biological, cognitive, social, and computational systems.In August 2015, Professor John H. Holland passed away in Ann Arbor, MI, where he had served on the University of Michigan faculty for more than 50 years. John, as he was known universally to his colleagues and students, leaves behind a long legacy of intellectual achievements. As a descendant of the cybernetics era, he was influenced by the work of John von Neumann, Norbert Wiener, W. Ross Ashby, and Alan Turing, all of whom viewed computation as a broad, interdisciplinary enterprise. Holland thus became an early proponent of interdisciplinary approaches to computer science and an active evangelist of what is now called computational thinking, reaching out enthusiastically to psychologists, economists, physicists, linguists, philosophers, and pretty much anyone he came in contact with. As a result, even though he received what was arguably one of the world's first computer science Ph.D. degrees in 1959,23 his contributions are sometimes better known outside computer science than within. Holland is best known for his invention of genetic algorithms (GAs), a family of search and optimization methods inspired by biological evolution. Since their invention in the 1960s, GAs have inspired many related methods and led to the thriving field of evolutionary computation, with widespread scientific and commercial applications. Although the mechanisms and applications of GAs are well known, they were only one offshoot of Holland's broader motivation—to develop a general theory of adaptation in complex systems. Here, we consider this larger framework, sketching the recurring themes that were central to Holland's theory of adaptive systems: discovery and dynamics in adaptive search; internal models and prediction; exploratory modeling; and universal properties of complex adaptive systems.


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Rescooped by William Smith from Business DNA (Design-Thinking)
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Visualizing the 4 Essentials of Design Thinking

Visualizing the 4 Essentials of Design Thinking - Good Design - Medium
A couple of days ago, I was looking for a visual illustration of Design Thinking to share with my colleagues and clients…
Via A. Kosuke
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Nice synthesis of Design Thinking.
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Abel Linares's curator insight, May 24, 2016 4:08 PM
HCD #HumanCenteredDesing IDEO method for creative problem solving and innovation. This  approach fuels the creation of products that resonate more deeply with an audience,  driving engagement and growth.
Raquel Oliveira's curator insight, May 27, 2016 2:32 PM

Visualize as 4 Essências do Design Thinking

 

Uma ilustração "diamante" que consolida as etapas de Divergência e Convergência em suas respectivas fases.

#avancee

Subha's curator insight, August 13, 2016 10:11 AM
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Rescooped by William Smith from Bounded Rationality and Beyond
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In Game Theory, No Clear Path to Equilibrium

In Game Theory, No Clear Path to Equilibrium | Business Models | Scoop.it

In 1950, John Nash — the mathematician later featured in the book and film “A Beautiful Mind” — wrote a two-page paper that transformed the theory of economics. His crucial, yet utterly simple, idea was that any competitive game has a notion of equilibrium: a collection of strategies, one for each player, such that no player can win more by unilaterally switching to a different strategy. Nash’s equilibrium concept, which earned him a Nobel Prize in economics in 1994, offers a unified framework for understanding strategic behavior not only in economics but also in psychology, evolutionary biology and a host of other fields. Its influence on economic theory “is comparable to that of the discovery of the DNA double helix in the biological sciences,” wrote Roger Myerson of the University of Chicago, another economics Nobelist. When players are at equilibrium, no one has a reason to stray. But how do players get to equilibrium in the first place? In contrast with, say, a ball rolling downhill and coming to rest in a valley, there is no obvious force guiding game players toward a Nash equilibrium.


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Why Companies Must Align Innovation Strategy With Business Strategy

Why Companies Must Align Innovation Strategy With Business Strategy | Business Models | Scoop.it
Strategy Matters

The findings highlighted above are an important contribution to knowledge in our field. However, the finding that stood out the most for me concerns the role of strategy. The PwC report makes it quite clear that executives are not just investing in innovation for the fun of it. The ultimate goal of their investments is to sustain and grow their companies over the long term. This goal is reflected in the finding that executives view sales growth as the most important metric for measuring the success of innovation. This metric is far more important than vanity metrics such as the number of products teams are working on or the number of new ideas in the pipeline.

While it may be necessary for companies to invest some resources in the creation of R&D labs or corporate accelerators, this by itself is not sufficient. I have encountered some innovation leaders who believe that innovation is about “letting a thousand flowers bloom”. However, the report shows that such ‘random acts of innovation’ do not always result in great returns. Companies should not be investing in a random collection of unrelated projects. There has to be some connection between our innovation strategy and the company's overall business strategy.

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Here’s Why You Should Think Twice Before Listening To Business Gurus

Great innovators constantly seek to identify new problems. The manner in which they did that took on a myriad number of forms: talking to customers, engaging with the scientific community, identifying new markets for existing technology or whatever, but that single theme stayed constant.

So if you want to make your organization more innovative or become more innovative yourself, the best place to start is to look for a problem worth solving, then go figure out what solution fits it best. Revolutions don’t begin with a slogan. They begin with a cause.

Via Don Dea
William Smith's insight:
There is only one boss and that is the customer who can fire all of us from the CEO down simply by spending his money elsewhere.
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Arne van Oosterom 2010 classic! Mapping out customer experience excellence: 10 steps to customer journey mapping

Arne van Oosterom 2010 classic! Mapping out customer experience excellence: 10 steps to customer journey mapping | Business Models | Scoop.it
Customer journey mapping could hold the key to analysing and improving the customer experience. Only recently, a report from the Cabinet Office recommended CJM for authorities to provide a more efficient and cost-effective service. Arne van Oosterom outlines how it can help organisations - and lists the 10 key ingredients to a customer journey map. A product or…
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Arne van Oosterom 2010 classic! Mapping out customer experience excellence: 10 steps to customer journey mapping
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Fundamentals of mapping experiences

Fundamentals of mapping experiences | Business Models | Scoop.it
Learn the basics—touchpoints, moments of truth, and jobs to be done—and study examples of successful user experiences.
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David Hain's curator insight, May 14, 2016 6:25 AM

Mapping - a practical collaboration tool with a team building twist!

Rescooped by William Smith from Types of Innovation
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Building the Core Competencies for Innovation

Building the Core Competencies for Innovation | Business Models | Scoop.it
For my final post of the year, I went back to some of my thinking through, those around the building blocks needed in developing the core competencies for innovation that we need to have in place for realizing its true potential. For me, the bedrock of innovation is built upon competencies, capabilities, and capacities and…
Via Program Web Resources
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20 Competitor Analysis Tools, Tips, and Guides to Up Your Game

20 Competitor Analysis Tools, Tips, and Guides to Up Your Game | Business Models | Scoop.it

It’s not necessarily that this is an insanely hard job. But there’s so much that you could possibly do and measure and look at, that just jumping in on a whim will definitely lead to overwhelm.   You need a plan. That includes knowing what you’re looking at and why, and having a process for monitoring and analyzing their content. That way you know your focus and won’t get distracted by all those other things you could look at. Here are some of my favorite resources and tools for getting the job done:

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Darren Lee Revell's curator insight, February 17, 2017 3:48 AM

Want to know what tools SEO's use?

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UX is too important to be left to UX designers

UX is too important to be left to UX designers | Business Models | Scoop.it
UX only works when everyone in your team is onboard. Here's how to rethink your job description with best practice user experience design in mind.

Via Jean-Luc Le Moal
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Rescooped by William Smith from The NewSpace Daily
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A world tour of reusable launch vehicle efforts | The Space Review

A world tour of reusable launch vehicle efforts | The Space Review | Business Models | Scoop.it

While the efforts of Blue Origin and SpaceX to develop reusable launch vehicles are well known, they’re not the only RLV programs in the world. Antoine Meunier discusses projects in Europe and Asia to develop reusable launchers.


Via Stratocumulus
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Good insight into the world aerospace industry.
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Anne Gadot's comment, November 18, 2016 2:35 AM
Get An Efficient Two Way Reinforced Slab Design With RCsolver Software Program
http://www.constructionfeeds.com/software/reinforced-slab-design-with-rcsolver-software.html
Rescooped by William Smith from Business change
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Innovation Leadership – Nine critical functions. 

Innovation Leadership – Nine critical functions.  | Business Models | Scoop.it
Innovation leadership refers to the different leadership styles needed to influence employees’ innovative behaviour to generate creative ideas that promote innovative products, services, and solutions in organisations.

This style of leadership is one that fosters the following nine dimensions which are critical to promote a climate conducive to creative thinking and organisational innovation. The corresponding questions for each dimension will assist you to determine how many boxes you can tick, and whether innovative leadership is happening within your team/organisation.   

Via David Hain
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Bobby Dillard's curator insight, March 30, 2016 3:34 PM

Are you serious about Innovation? How many boxes can you tick? ~ Sebastien Salicrou

Paul Hobcraft's curator insight, March 31, 2016 4:10 AM

Are you serious about Innovation? How many boxes can you tick? ~ Sebastien Salicrou

emma's curator insight, April 2, 2016 1:35 AM

Are you serious about Innovation? How many boxes can you tick?

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Strategic Planning That Produces Real Strategy - Bain Brief

Strategic Planning That Produces Real Strategy - Bain Brief | Business Models | Scoop.it

Previous experience has taught you that your company’s formal planning process is where the best ideas go to die. the typical strategic planning process is not delivering what it should at most companies. When we asked nearly 300 global executives to rate their company’s planning process, only one in three said that the strategy it produced met three vital criteria: bold ambition, adaptability in the face of changing market conditions and concrete guidance for management and the front line.

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Old economic models couldn't predict the recession. Time for new ones.

Old economic models couldn't predict the recession. Time for new ones. | Business Models | Scoop.it

Part of a continuing series about complexity science by the Santa Fe Institute and The Christian Science Monitor, generously supported by Arizona State University. The 2008 financial crisis – which cost the United States economy between $6 trillion to $14 trillion and the world economy a great deal more – shook the world of finance to its foundation. It hit the most vulnerable particularly hard, as unemployment in the US doubled from 5 to 10 percent, and in several countries in southern Europe, 1 in 4 people who want a job are still unable to find work – roughly the unemployment rate the US experienced during the Great Depression. Recommended: Foreign companies that beat Silicon Valley at its own game It’s now old hat to point out that very few experts saw it coming. We shouldn’t be too hard on them, though. Surprisingly, the US investment in developing a better theoretical understanding of the economy is very small – around $50 million in annual funding from the National Science Foundation – or just 0.0005 percent of a $10 trillion crisis. Foreign companies that beat Silicon Valley at its own game PHOTOS OF THE DAY Photos of the day 07/20


Via Alessandro Cerboni
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Surprising that most economic models were not already this sophisticated.
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