How Digital Process Innovation Can Influence Organisational Change In The Finance Sector

Strategy Driven

The finance sector as we know it is being transformed by new technology. Digital innovation is everywhere, from Big Data to risk management software, and it’s all coming to change in the way that the sector is organised and run. CFOs Must Continue To Innovate.

A Merging of Minds: Finance and Sales Collaboration for Increased Profitability

The Kini Group

You’re sitting at your desk, reading an email from a colleague in the finance department: “We can’t approve the discount on the deal you’re trying to close. A lack of communication and teamwork between the sales and finance departments creates major frustration.

Dinosaurs, Big Consulting Firms and Disruptive Innovation

N2Growth Blog

Thanks to Professor Clayton Christensen of Harvard University and his 1997 landmark book, The Innovator’s Dilemma , we have a new way of understanding the life cycle of companies and why some market leaders maintain their dominant position and other one-time market leaders disappear.

News Flash: Innovation Is No Longer Just a Specialist’s Job. Now Here’s How to Involve Your Whole Workforce Instead

Strategy Driven

The classic method of segregating innovation to a single department, or to a process led by specialists, just isn’t fast enough any longer. What’s needed is a culture in which innovation is the mission of everyone, everywhere, every day. That’s not the purpose of Innovation Engineering.

If You Don???t Lead Innovation, You Aren???t a Leader. (And you won???t stay in business very long.)

Engaging Leader

Conventional wisdom says creativity is the realm of advertising, and innovation the job of product development. We wouldnt expect to find the IT or Finance departments bursting with innovation. Innovation

Innovation in Complex Civic Environments

Mills Scofield

Chris is one of the most passionate people I know about innovating in the civic space where government, non-profit and for-profit intersect. Many of us who work in the civic arena – that wonderful yet perplexing place where the public, private, philanthropic and nonprofit worlds intersect – are frustrated by the lack of innovation that results in sustained positive change. As Michael Porter has said, “Innovation is the central issue in economic prosperity.”

3 Innovative Ways You Can Move Your Business Online

Strategy Driven

Inevitably, pieces of paper will get lost, and those finance notes you made at 3 am suddenly don’t look quite as coherent in the cold light of day. You just finished reading 3 Innovative Ways You Can Move Your Business Online !

HR Innovation is Best Achieved Internally

LDRLB

The book is available for free at www.HowManyTheBook.com Naga Siddharth heads HR for the Cloudnine group of hospitals in India and is a Human Technology Innovator according to him.]. And then it occurred to me as to what could be the fatal flaw to aspired HR innovation.

Complimentary Resource – Improving Business Operation Performance With Innovations

Strategy Driven

Improving Business Operation Performance With Innovations. Analytics tools give decision-makers the best possible intelligence about customers, finances, operations, suppliers, and the market. Click here for more information on Improving Business Operation Performance With Innovations.

“Goodbye Mr. Jones”: The End of the Dow as an American Index

Mills Scofield

This is taken from The Intercollegiate Finance Journal (IFJ) is an undergraduate student-run journal about how current finance, economics, business and technology issues affect students'' lives. Is the concept of national corporations and financial indices outdated? Perhaps!

Using SWOT Regularly Ensures Focus, Flexibility, Innovation

Six Disciplines

The factors may include all of the 4Ps (product, price, place, promotion) as well as personnel, finance, manufacturing capabilities, and so on. By focusing on internal factors, you'll be better able to unearth new opportunities for innovation. . Tough times require tough decisions. During times of economic uncertainty, strategy refinement and execution need to become a top priority for business leaders.

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How Blockchain Is Changing Finance

Harvard Business Review

But the solution to this innovation logjam has emerged: blockchain. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Our global financial system moves trillions of dollars a day and serves billions of people. But the system is rife with problems, adding cost through fees and delays, creating friction through redundant and onerous paperwork, and opening up opportunities for fraud and crime.

One Way to Finance Tech Startups Outside of Superstar Cities

Harvard Business Review

Local innovation bonds could help fund ventures in new areas. Economy Entrepreneurship Innovation Digital Article

Four Innovative Initiatives to Attract and Retain Diverse Women

First Friday Book Synopsis

Here is an article written by Tina Vasquez (Los Angeles) for The Glass Hammer, an online community designed for women executives in financial services, law and business. Visit us daily to discover issues that matter, share experiences, and plan networking, your career and your life.” What makes this article especially valuable is the wealth of [.].

The Future of Cities Depends on Innovative Financing

Harvard Business Review

In traditional financing models, it’s just not possible for investors to see their way to a financial return based on some abstract added value of the integrated whole. Innovation in Cities. Social impact bonds could be one of the most innovative and effective.

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Innovative Leadership in the Wild

LDRLB

I’ve just finished reading another good article about an innovator’s need to open the mind. Articles like these always make me wonder: Doesn’t the other 95% of the business need to innovate, too? Just because innovation is not in someone’s job description, that doesn’t mean it isn’t important to their work. Their reactivity drags down whatever innovations do arise, and it’s really too bad. Innovation creativity innovation

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Innovative Leadership in the Wild

LDRLB

I’ve just finished reading another good article about an innovator’s need to open the mind. Articles like these always make me wonder: Doesn’t the other 95% of the business need to innovate, too? Just because innovation is not in someone’s job description, that doesn’t mean it isn’t important to their work. Their reactivity drags down whatever innovations do arise, and it’s really too bad. Featured Creativity innovation

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Are You On Salvage or Launch Mission?

Mills Scofield

In the Venture Capital world we call this financing risk – putting good money after bad on the hope that at some point, Einstein’s Law of Insanity* will be wrong and the salvage mission becomes a successful rescue mission.

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Quotes And Leadership Lessons From Ant-Man And The Wasp

Joseph Lalonde

Wonder leads to innovation – Leadership lessons from Ant-Man And The Wasp Click To Tweet. A Reel Leadership Article Paul Rudd and Evangeline Lilly return in the 20th Marvel Cinematic Universe movie Ant-Man And The Wasp.

PRIMO-F Model for Business Development

Rapid BI

Management business growth Business planning business strategy change finance Innovation mike morrison operations performance PRIMO-F PRIMO-F model rapidbi Strategy SWOT SWOT analysis

Are You On a Salvage or Launch Mission?

Mills Scofield

In the Venture Capital world we call this financing risk – putting good money after bad on the hope that at some point, Einstein’s Law of Insanity* will be wrong and the salvage mission becomes a successful rescue mission.

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Turning The Tables On Your Failing Business

Strategy Driven

Often, these difficult periods are caused by bad business conditions such as low sales, a lack of morale, low funds, and the loss of innovation and dedication. Focus on finance. Entrepreneurship business finances business management entrepreneurship strategydriven

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Peanut- Finance: Swaps as Strategy

Harvard Business Review

This peanut-finance system, which turned the peanuts into food for hospital patients, seems quaint, like tales from 19th century America of rural doctors taking chickens for treating chicken pox. Such peanut-finance systems could drive tax authorities nuts, so to speak. Entrepreneurship InnovationThe news that health care in Zimbabwe can be paid for with peanuts (and sometimes corn and goats) made the front page of the New York Times.

How Banks Should Finance the Social Sector

Harvard Business Review

If financing is offered by a bank, the terms are often too onerous. As a result, charities and social enterprises do not have the cushion of external financing to manage their various capital requirements. This model is an innovative way for donors to achieve greater impact.

5 innovative ways to launch your small business

Rapid BI

Starting your own business is the ultimate roller coaster, but once you have your concept and your finances in line, it starts to get exciting and the next step is the big launch. Below are five ways in which you can effectively launch your new business: Hold an event Why not hold an event to launch your […]. guest

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Solyndra's example has been particularly stark: it raised over $1 billion in equity finance in addition to receiving a $535 million loan guarantee from the Department of Energy, all prior to a cancelled IPO and the recent FBI investigation upon its bankruptcy. Innovation Sustainability Venture capitalBetween 2006 and 2008, more than $1 billion venture-capital dollars were channeled into startups focused on solar, wind and biofuel technologies.

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High Frequency Trading and Finance’s Race to Irrelevance

Harvard Business Review

They represent the logical extension of a topic that’s captured the attention of a lot of great business minds for some time: the ongoing battle between those who view companies through the lens of building something, and those that view it through the lens of finance. It makes no sense to let such finance-oriented, short-term pressures seep into the economy’s innovation engines. Economy Finance

The Problem with the Profit Motive in Finance

Harvard Business Review

It was an event packed with prominent people who work (or worked) in finance, but seem to come from a different, more genteel world than the bulk of modern Wall Street: Bogle, Swensen, former Fed chairman Paul Volcker, former TIAA-CREF CEO John Biggs. It drives hard work, innovation, and the success of the capitalist system. You can make a lot of money in finance doing things that are bound blow up in someone's face a few years down the road. Compensation Ethics Finance

Scan for the 3 key ingredients of trends to survive in the Expectation Economy

Strategy Driven

If you work for a small firm or a giant organization, in fashion or finance, in Texas or Tanzania, you are competing in a ruthless, globe-spanning Expectation Economy. Innovations. When you scan for innovations, it is imperative that you look beyond what you see as your industry.

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Capital vs. Influence

N2Growth Blog

The bottom line is this; I view one of the primary obligations of venture capital and private equity firms to be to drive collaboration and innovation across their portfolio companies. Financing - M&A Capital vs. Influence Mike Myatt N2growth Private Equity venture capital

M&A Without Buying the Company

N2Growth Blog

or informal efforts produced via someone else’s R&D or innovation efforts, companies often start projects that they don’t finish. Other companies are in need of cash and are willing to sell certain contracts as a financing vehicle.

What Your Innovation Process Should Look Like

Harvard Business Review

Companies and government agencies often make the mistake of viewing innovation as a set of unconstrained activities with no discipline. In reality, for innovation to contribute to a company or government agency, it needs to be designed as a process from start to deployment. When organizations lack a formal innovation pipeline process, project approvals tend to be based on who has the best demo or slides, or who lobbies the hardest. Innovation Experimentation Digital Article

How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business Review

From automotive to semiconductors to pharma to clean energy , America’s innovation centers have shifted east, offering growing evidence that the U.S. Local and regional governments also use procurement to drive innovation. Jetta Productions/Getty Images. Many U.S.

The 4 Types of Innovation and the Problems They Solve

Harvard Business Review

One of the best innovation stories I’ve ever heard came to me from a senior executive at a leading tech firm. That, in essence, is the value of open innovation. In researching my book, Mapping Innovation , I found that every innovation strategy fails eventually, because innovation is, at its core, about solving problems — and there are as many ways to innovate as there are types of problems to solve. Sustaining innovation.

The Right Way to Spend Your Innovation Budget

Harvard Business Review

Innovation is famously difficult — many projects end up losing money, frustrating employees, and going nowhere. And yet corporations and governments spend billions of dollars annually pursuing innovation. This huge spending would generate more value for businesses and societies if the innovation success rate were just a little higher. Innovation projects often fail because the resources are spent on the wrong kind of innovation.

Turning Lemons into Lemonade: 10 Inspirational Examples of Epic Failure and Resiliency

Great Leadership By Dan

Now, of course, he’s compared with Edison as one of the greatest innovators of all time. Legend has it he was turned down 302 times before he got financing for creating Disney World. "Our greatest glory is not in never falling but in rising every time we fall.". Confucius.

When America Was Most Innovative, and Why

Harvard Business Review

economy depends on technological progress, but recent data suggests that innovation is getting harder and the pace of growth is slowing down. A major challenge in business and policy spheres is to understand the environments that are most conducive to innovation. was so innovative. Nevertheless, the impact of innovation on economic growth was typically large. Innovation was more prevalent in some areas than others. The innovation sector was highly competitive.

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Why Germany Dominates the U.S. in Innovation

Harvard Business Review

Reading the headlines, you might think that the most urgent question about national success in innovation and growth is whether the U.S. Germany does a better job on innovation in areas as diverse as sustainable energy systems, molecular biotech, lasers, and experimental software engineering.

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Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

The audience for such innovation wants to be receptive: A recent American Hospital Association (AHA) survey found that 75% of senior hospital executives endorsed the importance of digital innovation. Yet, despite their stated enthusiasm, hospitals have been notoriously slow to adopt digital innovations. A hospital organized into these different unconnected units finds it difficult to adopt innovations that reduce costs across a patient’s complete cycle of care.

Celebrate Failure

Career Advancement

Trevor wanted his people to be pillars of innovation and creativity. When he came to me for coaching around innovation, he mentioned how fearful his team was in taking risks and possibly touching failure. Want more advice on boosting creativity and innovation in your company?

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The Power of an Enemy

In the CEO Afterlife

The companies that employed me were generally the underdogs in battles against bigger, better-financed organizations. Live a culture of innovation. Increase your lead, and while they are catching up, you are embracing the next innovation. I ’m an extremely competitive person.

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Stop Saying Big Companies Can’t Innovate

Harvard Business Review

Some business pundits today believe innovation ignites better in startups than in large, established corporations. In fact, a lot of big companies have proven they are better positioned than emergent firms to create and execute innovation, however on-fire a startup may be.

Peer-to-Peer Small Business Loans Beat the Big Banks On Just About Every Count (& Not Just Because They’re The Only Ones Doing Any Real Lending).

Women on Business

Another source of savings is increased efficiency through state of the art cutting edge technology and personalization: peer-to-peer lenders are one of the most innovative lenders out there, using the newest models and risk analysis algorithms to not only give borrowers the best rates but the best rates personally designed for them. Finally, if you’re a small business, you’re probably fairly innovative and unconventional yourself. Guest post by Dan Azeroual.