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#Innovation Systems Need a Reboot >> https://buff.ly/3XcvF5K #business #leaders #leadership #management #governance #tech #strategy #digitalstrategy #digitaltransformation #disruption #CIO #CTO #CDO #CEO #genAI #generativeAI #AI

85% of AI Startups Will Be Out of Business in 3 Years, Major Investor Says Artificial intelligence will shake up many professions, but many AI startups are likely to fail, as tech startups did during the dot-com bubble, a key VC investor says. Luc Olinga (thestreet.com) Using The Innovation Strengths Preference Indicator® Executive Edition , (ISPI™ EXE)  in understanding the diverse work style and personality traits as measured by scales like iO™ and iOM™ can help AI startups reduce failure rates and increase revenue and earnings in several ways: Strategic Team Composition: By knowing the innovation preferences (iO™) and control preferences (iOM™) of team members, leaders can assemble a balanced team that combines stability and cutting-edge innovation, as well as effective governance and autonomy. This can prevent common pitfalls that lead to startup failure. Efficient Collaboration: By recognizing networking preferences, startups can foster a culture where natural networkers connect the team with external resources and insights, enhancing the company's technological edge and business acumen. Optimal Problem-Solving: Diverse problem-solving approaches (Input, Flow) ensure a blend of practical, detailed planning and visionary, big-picture strategy, leading to more robust and sustainable AI solutions. Dynamic Decision-Making: Combining members who are fact-focused (Output: Self) with those who consider human factors (Output: People) can lead to decisions that are both data-driven and user-centered, increasing the likelihood of market success. Productive Work Environment: Understanding and accommodating individual energy preferences (Energy) ensures team members work in ways that maximize their productivity, which is crucial for startups that need to do more with less. In the volatile AI startup landscape, such nuanced team assembly can be a critical factor in navigating the challenges that contribute to the high failure rates mentioned by the investor. It can lead to cost-effective operations, higher earning potential, and robust implementation strategies that offer competitive advantages. Jerry Fisher, MBA, PhD…Artificial Intelligence Enthusiast  Co-Founder and Chief Innovation Officer  Innovating Edge, Inc. www.innovatingedge.com  E: [email protected]  Bio Gerard Fisher (innovatingedge.com)  If you would be interested in taking the Innovation Strengths Preference Indicator® for no charge, just send me an email and I will send you a link. It takes about 15 minutes and you will immediately receive a 36-page report on your results. Innovation Strengths Preference Indicator® is the world's most widely used and validated instrument for assembling AI and GAI This will give you a sampling of testimonials from major Fortune 50 and government and academic institutions: https://lnkd.in/g-dUabkk

We're excited to announce the upcoming leadership summit on the “Future with AI” SAVE THE DATE : 14th September, 2024 This is your chance to explore real time implementation of AI in shaping your business. #leadership #cxo #enlaceselect #enlacesolutions #humanresources #startups #AI #networking #summits #conclaves #future #collaborations #businessleaders #paneldiscussions #event #startupecosystem #strategy #jobs #HR

🚀 Innovation is the key to staying ahead in today's rapidly evolving business landscape. The latest Boston Consulting Group (BCG) Most Innovative Companies report for 2023 is out! 📈 What distinguishes the frontrunners? It's not just about making small improvements—they're continually introducing new products, expanding into new markets, and establishing fresh revenue streams. 🔍 Dive deeper into the insights from the report to discover: 1️⃣ The formula for innovation from leading companies. 2️⃣ How early winners are unlocking AI's potentials. 3️⃣ Building resilience and advantage through innovation. 💡 With innovation ranking among the top priorities for 79% of companies, there's a growing recognition of its importance in driving business success. Are you ready to harness the power of innovation for your organization's growth? Download the 2023 Most Innovative Companies report to learn from the strategies of industry leaders. #Innovation #BusinessInsights #Leadership 🌐 https://bit.ly/3UOdjqs

I've just extracted some pivotal industry terms that I'd like to share with you. 1. Insights on Leadership: The leadership was truly transformative, delving deep into effective leadership styles and nurturing inclusive, high-performance teams. These insights are priceless for anyone aiming to amplify their leadership impact in the industry. "Leadership isn't about dictating; it's about inspiring!" 2. AI's Impact on Tourism & Events: The conversations surrounding AI were enlightening. From AI-powered tour itineraries, event planning to tailored attendee experiences, it's evident that artificial intelligence is reshaping our industry. Embracing these advancements can vastly improve efficiency and interaction during events. The standout discussion was "AI Revolution: Transforming the Tourism Industry." 3. Leading with Innovation: The array of cutting-edge technologies and imaginative solutions highlighted reaffirmed the rapid evolution of our industry. The future is now, and it's propelled by innovation. 4. Prioritizing Sustainability: The focus on eco-friendly practices was encouraging. Sustainable event strategies have transitioned from being a passing trend to an essential requirement. 5. Networking Bonanza: Engaging with industry stalwarts, peers, and forward-thinking startups offered invaluable perspectives and potential collaborative opportunities. The vibrancy and exchange of ideas were truly exhilarating. #Viantravel

Spied with my little eye: Record-breaking funding rounds lighting up the innovation landscape: >> Tekever’s €70M was raised by Baillie Gifford (think Airbnb, SpaceX, Spotify). >> Tokamak Energy’s $125M infusion from British Patient Capital and others. >> Tewke’s $3.4M seed funding to disrupt energy tech. These milestones are exciting, but here’s the real question: Who ensures this funding turns into lasting value? At DRAX Affinity, we know that leadership capital is the game-changer. Funding may spark innovation, but only the right leaders can deliver bold growth ambitions. - Innovation relies on great ideas—but execution rests with exceptional leaders. We specialise in: ✔️ Placing functional experts in product, data, technology, and security roles to help businesses deliver on their value creation plans. ✔️ Matching businesses with transformational leaders aligned to their growth strategies. ✔️ Assessing leadership behaviours, cognitive diversity, and expertise to unlock potential. ✔️ Equipping leadership teams to maximise investment capital in high-pressure growth phases with our platform of benchmarking and analysis As competition intensifies across the tech ecosystem, it’s clear: >> Investors provide the funds. >> Leaders deliver the outcomes. Let us help you build the leadership team that turns opportunity into extraordinary impact. Please contact us to explore how we can support your growth journey Duncan Finlayson and Ceylan Higgins can find tech leaders to help drive your digital transformation. #LeadershipCapital #Innovation #ValueCreation #TechLeadership #DRAXAffinity The LCap Group

The Innovation Dynamo: Where Technological Breakthroughs Propel Ventures Read More: https://lnkd.in/dKfTftZ5 #TheInnovationDynamoWhereTechnologicalBreakthroughsPropelVentures #Technology #Leaders #TechUpdate #TheLeadersGlobe #LeadersGlobe #Magazine #BusinessMagazine

Innovation is a major driver of business growth yet many companies struggle to strike the right balance between incremental improvements and transformative breakthroughs. According to recent insights, this polarized approach often hampers true innovation potential. However, HBR presents a compelling middle ground that's gaining traction: the Growth Driver Model. This model champions collaboration between corporations and external investors, leveraging both corporate resources and entrepreneurial talent to nurture innovation opportunities. By combining internal expertise with external perspectives, companies can foster meaningful growth and navigate the complexities of innovation effectively. #Innovation #BusinessGrowth #Leadership #Collaboration

🌟 INTRODUCING AI SMARTUP'S NEW ONLINE PROGRAM - ACCELERATOR LAB 🌟 💜 LAB 7 - LEADERSHIP AND MANAGEMENT IN STARTUPS 💜 💜 Week 1: Leadership Styles 💜 --------------- 🟪 Explore various leadership styles and discover which ones are most effective in the startup environment. Week 1 of Lab 7 dives deep into understanding and applying different leadership approaches. ⏩ Poll: What’s your preferred leadership style? 🔸 Transformational 🔸 Servant 🔸 Autocratic 🔸 Democratic ⏩ Story: Learn about the impact of different leadership styles through examples from companies like Google and Apple, and how their leaders shaped their success. 🟣 Share this post with fellow leaders to compare styles! 🌟 "Disclaimer: The information provided in this content is intended to offer professional advice and guidance. However, it is for reference purposes only, and the final decision is solely your responsibility. Always conduct your own research and consider your unique circumstances before making any decisions. The authors and contributors of this content are not liable for any decisions you make based on the information provided." ------------------- 💥Content is copyrighted by AISMARTUP #LeadershipStyles #StartupLeadership #AI #AISmartup #BusinessLeadership #TeamManagement #LeadershipSkills

This article is quite relevant and argue why constraints are good for innovation. There are proofs that constraints help in better problem solving and solution approach and to be more creative in that process. The given examples of GE's ECG device and Google sibstantiates the argument upto a point. But too much constraints can also stifle innovation. The common wisdom suggests eradicating all constraints: by getting rid of rules and boundaries, creativity, and innovative thinking will thrive. The research, however, challenges this wisdom and suggests that managers can innovate better by embracing constraints. According to the studies, when there are no constraints on the creative process, complacency sets in, and people follow what psychologists call the path-of-least-resistance – they go for the most intuitive idea that comes to mind rather than investing in the development of better ideas. Constraints, in contrast, provide focus and a creative challenge that motivates people to search for and connect information from different sources to generate novel ideas for new products, services, or business processes. On the other hand, when there are too many constraints, the motivation level can go down. Constraints can foster innovation when they represent a motivating challenge and focus efforts on a more narrowly defined way forward. This is the basic premise behind bootstrapping, where the entrepreneur is constraint on funds, but pursue the idea with the fire in the belly. Most of the successful startups are pursued this way. But there is a point at which the motivation level can go down without external funding or resources. Some innovation ecosystems are quite good at providing the risk capital the entrepreneur need at that moment. Silicon valley is a good example of this. Without sufficient risk capital it is impossible to pursue disruptive ideas and especially in some sectors like medical devices and new technologies like AI or Blockchain. The financial system in some countries are really good in providing the founders with capital at crucial stages in the research, innovation and commercialisation process. Those countries will see benefits sooner compared to countries which are lacking sufficient risk capital. #innovation #innovationecosystem #constraints #motivation #startups #entrepreneurship Harvard Business Review Kanwal Rekhi Simon Malpas Vish Mishra Centre for Innovation and Entrepreneurship UniServices Callaghan Innovation TiE TiE Silicon Valley #siliconvalley Manish M.