Frugal Banking: An Opportunity to Create Customer Value in the Future?

Investments that are necessary to innovate and serve customers are no longer sustainable while COVID-19 hastens the need to exploit the potential of digital innovations. Serving customers accurately during unprecedented times requires a new mindset and business model innovations. If banks respond to customer requirements in completely new special situations, they can gain trust and integrity and become winners of the crisis.

Peace through Entrepreneurship: How Businesses Can Be a Force for Unity

Cyprus is politically divided, movement is restricted, and there are two different authorities and sets of laws. How can innovation and entrepreneurship thrive in such a polarized environment - and alternatively, how does that polarization drive innovation?

Traditional Marketing Tactics Needed for Digital Success

If you take a look at most marketing publications, the focus is on the latest and greatest marketing technology, the use of big data, and all the software, productivity, and organizational solutions you need to find and retain the best marketing force possible.

Three Steps to Becoming a Data Leader

In the aftermath of the EU’s General Data Protection Regulation (GDPR), businesses aren’t crying out for data superheroes; but for a complete, well-drilled data army. According to Gartner's Research Vice President, Mario Faria, 90% of businesses will employ a Chief Data Officer (CDO) by the end of this year. However, in a world increasingly governed by data, it is no longer the sole responsibility of a c-suite to ensure compliance – every individual is equally accountable for protecting consumers’ privacy.

Here’s Why Consistency is Your Greatest Asset

Whether you’re an executive, a manager, or part of the team handling day-to-day operations, you’ve probably thought more than once about what you bring to the table within your organization. What do you feel is your greatest asset? Chances are, consistency never tops the list—but perhaps it should.

2019-10-15T15:25:42-07:00September 18th, 2017|Categories: Strategies|Tags: , , , , , , , , , |

6 Potential Roadblocks to Innovation

Does it feel like your efforts in innovation lately have been…lackluster? Are you finding that your team just isn’t coming up with the great ideas you know they can produce? If your business is feeling stale and stagnant, you obviously want to know why, so you can make changes. Innovation efforts aren’t always simple and easy—and there are definitely some roadblocks that can come up along the way. Don’t get discouraged if you run into any of these common problems—you just have to be determined to prevent and work through them whenever possible!

Innovate as a Team? Work on Your Psychological Safety!

To be able to use the full potential of innovation, psychological safety within teams and organisations is essential. Psychological safety is the shared belief that it is safe within the team for interpersonal risk taking. There is a direct relation between a psychological safe climate and performance of the team. (Edmondson 1999)

Paving the Path for Innovation Purpose and Closing the Alignment Gap

Defining the organizational purpose and promoting organizational alignment are two key factors for creating a culture that supports innovation. In this series of articles focused on Innovation Culture, we are going to share insights and cases of organizations that implemented innovation programs (and less structured initiatives) with the involvement of a wide range of managers and employees.

Is There a Silver Bullet For Intrapreneurship?

Intrapreneurship is vital for all organizations to thrive in the 21st century - equally important for large firms, SMEs, and family businesses. Is there a proven recipe, a one size fits all approach to promoting intrapreneurship?

Placing Time on Your Side for Collaborative Innovation

Time represents the persistent, substantive constraint to being effective within an organization. Can you have a moment of a sponsor’s time to share the benefits of collaborative innovation? Does the sponsor and challenge team perceive you as respecting their time once you persuade them to pursue the practice with you?

2019-10-15T15:17:40-07:00March 18th, 2014|Categories: Collaborative Innovation, Strategies|Tags: , , |

How to Build a Lean High Performance Innovation Team

The world we live in is changing at a dizzying rate and sectors including energy, technology, entertainment, communications, finance, sports, manufacturing and engineering are all experiencing shifts on a seismic scale. Many of the innovative advances of the past ten years, from smart phones to digital cameras have become commoditised and creativity has become the currency of success. In this article author Matthew Griffin shows how large and small organisations alike can build lean, agile, high performance innovations teams and bridge any shift successfully.

Ever Heard of the Groan Zone?

The switch from divergent to convergent thinking in innovation workshops is smooth in literature but extremely tough in reality. In this article Susanna Bill explains how she was on the verge of making a huge mistake until she learned about the middle component between divergence and convergence: the groan zone.

The Seven Essential Characteristics of Innovative Companies

What makes a company innovative? Innovation is nothing more than a tool that enables companies to achieve unique, strategic goals. It should not simply be a slogan, nor an end unto itself, argues Jeffrey Baumgartner. To be truly innovative, an organization should have seven essential characteristics.

Can Catering for Creativity Make Innovation Happen?

Many firms tend to mix the terms and concepts of creativity and innovation. There is a view that catering for creativity automatically makes innovation happen. In this post Susanna Bill compares the works from three different authors about the factors influencing a creative and innovative climate. What can be learned?