Driving Innovation: The Importance of Risk-Taking and Continuous Improvement.

It's an Inside Job

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Feeling the pressure to keep up with rapid changes in the business world? What if embracing innovation and failure could be the key to your company’s resilience and success? If you're ready to discover how to thrive in an ever-evolving landscape, this episode is for you.

In this episode, I explore the crucial role of innovation in business resilience with Yngvar Ugland. We discuss how businesses need to swiftly adapt to changing environments and build a technology-driven portfolio of solutions. Ingvar shares his insights on embracing failure as part of the learning process, using the mnemonic "FAIL - First Attempt In Learning" to promote a culture of risk-taking and continuous learning. This conversation is packed with intriguing ideas on balancing incremental improvements with moonshot initiatives and challenging the status quo.

Imagine your business not only surviving but thriving amidst uncertainty and rapid change.
By listening to this episode, you can:

1. Cultivate a Culture of Innovation: Learn how to foster an environment where failure is seen as a learning opportunity, encouraging risk-taking and continuous improvement.
2. Embrace Cutting-Edge Technologies: Discover the potential of generative AI and other advanced technologies to push the boundaries of creativity and innovation in your business.
3. Future-Proof Your Business: Gain insights into the future of banking, money, and societal structures, and understand the importance of investing in innovation to stay ahead.

Three Benefits You'll Gain:

1. Enhanced Resilience: Develop strategies to build a resilient business that can adapt swiftly to changing environments.
2. Increased Innovation: Foster a culture that encourages risk-taking and continuous learning, driving innovation within your organization.
3. Technological Advancement: Learn how to integrate cutting-edge technologies like generative AI to stay competitive and forward-thinking.

Are you ready to transform your approach to business resilience and innovation? Scroll up and click play to join our enlightening discussion with Ingvar Uglund.
Embrace the power of continuous learning, challenge the status quo, and discover the technologies that can reshape the future of your business. Start your journey towards a more resilient and innovative business today!

Bio:
Yngvar is a renowned technology leader, currently leading DNB NewTechLab, the Moonshot Unit of DNB Bank. As the Colonel of Moonshots, Yngvar and his team delve into the uncharted territories of new technology from their bases in Bjørvika, San Francisco, and Palo Alto.

Yngvar is also a co-author of several books and serves as an Industry Professor II at the Norwegian School of Economics (NHH) in Bergen. He has previously lectured on Moonshot innovation at Singularity University and Rehumanize Institute.

With a Master’s Degree in Mathematics from NTNU, Yngvar’s diverse career has taken him from Big Tech to startups, scaleups, banking, and academia. Throughout his career, he has played a pivotal role in building products, technologies, cultures, and companies.

Co-authored Books:
Ethics at Work
Innovasjonsboka
Babelfisk

Contact:
LinkedIn:

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Chapters

1. Driving Innovation: The Importance of Risk-Taking and Continuous Improvement. (00:00:00)

2. Introduction to the It's an Inside Job podcast (00:00:08)

3. Introducing Ingvar Uglund and Moonshot Innovation (00:02:28)

4. Ingvar Uglund's Background and Innovation Philosophy (00:02:45)

5. Foresight, Innovation, and Equanimity (00:11:18)

6. Head, Heart, Hands, and Main Characters (00:15:26)

7. Embracing Failure for Better Questions and Future Planning (00:20:45)

8. Psychological Perspective on Innovation and Failure (00:28:24)

9. Moonshot Innovation: Guts, Imagination, and Curiosity (00:32:48)

10. Creating a Portfolio of Options for an Uncertain Future (00:38:55)

11. The Journey of Innovation (00:41:06)

12. Imagination and Science Fiction (00:42:01)

13. Divergent-Convergent Techniques (00:48:34)

14. Reframing and Fresh Thinking (00:50:54)

15. Combining Existing Ideas for Innovation (00:54:11)

16. Embracing the "What If" Mindset (00:58:21)

17. Optimism and the Future (01:00:26)

18. Quality of Questions for Quality Answers (01:02:02)

19. Harnessing Generative AI for Innovation (01:05:20)

20. AI Advancements and Future Possibilities (01:11:41)

21. Thriving in Chaos with Moonshot Innovation (01:15:27)

22. Embracing Change and Imagination (01:17:46)