Innovation Lessons: Why Amazon Is Crushing The Innovation Game

Innovation Lessons: Why Amazon Is Crushing The Innovation Game

Amazon’s success in innovation lies in its customer obsession, failure as an asset mindset, and diversity-driven innovation. Amazon’s leadership principle of working backward takes the cue from the customer to visualize an objective and describe it unambiguously. Failures are seen as experiments, and everything documented to avoid repeating the same mistake twice. Variety in Amazon’s sectors leads to a variety of career possibilities, bringing diversity of thought and new ideas to the table. Amazon is also revolutionizing the combination of digital and physical experience in stores with Amazon GO, a store concept using technologies like computer vision, deep learning algorithms, and sensor fusion. The secret to Amazon’s success is staying focused on customers, embracing failures, and diversity-driven innovation.

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Shifting to Ultimate Outcomes

Shifting to Ultimate Outcomes

To measure the success of innovation, businesses need to shift from outdated measuring systems that focus on inputs, throughput and outputs to outcome-based solutions.

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How Great Managers Can Drive Employee Engagement

How Great Managers Can Drive Employee Engagement

Great managers can boost employee engagement by communicating effectively, leading by example, setting clear goals, focusing on strengths, providing opportunities for growth, letting employees make decisions, and celebrating successes.

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Three open innovation models: Which is the right one for your organization?

This article discusses the three key models of open innovation and how they can be applied for your organization.

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