To what extent are we as humans ready to accept decisions made by computers? This was the question at the heart of a study from Michigan State University and Drexel University researchers that examined algorithmic decision-making (ADM) in the context of a job search. ADM, in which machines make predictions, recommendations, and decisions related to […]
Read More… from Algorithmic Decision Making Preferred Over Human Deciders
While new technology is intended to make work more efficient and effective, it often helps the professionals in a company while increasing the workload and decreasing the autonomy of assistants and other administrative-level or lower-level employees. Finding solutions to address workload issues related to new technology is hampered by three challenges: MIT’s Katherine Kellogg studied […]
Read More… from Resolve Workload Conflicts When Integrating New Technology
Artificial Intelligence is both appreciated and feared: appreciated for the benefits it offers in terms of speed, accuracy and consistency; feared because many believe those benefits can render many human employees obsolete—a fear summarized in the familiar phrase, “Machines will take our jobs.” Studies show that such fears, leading to employee resistance and suspicion, will […]
Read More… from Onboarding AI to Gain Employee Trust and Acceptance
We expect start-ups and high technology companies in general to be innovators. We know, in contrast, that large incumbents are likely to want to continue to exploit their past innovations rather than venture into new innovations that may cannibalize current products and/or ultimately fail. How do family businesses fit into the innovation picture? A study […]
Read More… from Family Firms Innovate Less But Better: Their Boards Make a Difference
More than a billion people live in poverty around the world, earning less than $2 a day. A billion people may be a huge market in terms of numbers but they don’t have the disposable income that can turn them into traditional customers. However, C.K. Prahalad and other pioneer academics and entrepreneurs recognized the potential […]
Read More… from Business Templates that Succeed in ‘Bottom of the Pyramid’ Environments
Companies in technologically dynamic industries — industries in which competitive advantage is built on innovation and R&D breakthroughs — seek out different types of partner firms than companies in technologically stable industries. This difference in collaborative behaviour results in different types of industry-wide networks: technologically dynamic industries have ‘clan’ networks that feature separate groups of […]
The idea of a new invention may seem to suddenly appear in the imagination of the inventor. In truth, the inventor has carefully constructed the idea by combining different ‘elements of knowledge’. These elements include natural phenomena and knowledge from previous scientists and inventors (not to mention the contributions of practitioners of the liberal arts […]
Read More… from Uncovering the Elements of Knowledge at the Heart of Innovation
Entrepreneurs need money to fund their ideas. Many legendary start-ups received their early funding from venture capitalists. However, VC’s are now more interested in contributing to later stage companies rather than take a chance with early stage start-ups that have a much greater chance of failing. Into the breach steps the Internet-based crowdfunding platforms, in […]
Read More… from Crowdfunding Still Attracts Local Investors to Local Ventures
Megaprojects are large, technically complex, multi-year, billion-dollar (or more) engineering and financial ventures that somehow overcome challenges, turbulence, risk and resistance to eventually meet the needs for which they are built. To better understand the success factors of megaprojects, it is more useful to think of them as games of innovation, rather than the linear, […]
Read More… from How Successful Megaprojects Are Games of Innovation
The digital age creates a wide range of new opportunities for innovation. Examples include new marketing outlets through social media; ‘big data’ information on customers and the market; mobile devices that connect companies to customers 24/7; and apps that redefine business models. However, not all C-suite executives have a digital mindset. As a result, innovation […]
Read More… from CIOs: Coach and Communicate with C-suite for Digital Innovation
