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.

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.

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.

New Technologies for Mobile Merchant Accounts

Women on Business

The same near field technology that allows a chip-based card to work is now being integrated into the latest generation of smartphones. ” Given these innovations, mobile transactions are one of the fastest expanding segments of the payment processing sector. Now she seeks to educate others with tips in both personal and business finance. Guest Posts TechnologyGuest Post by Ms. Bekiroglu, editorial consultant for mobilepaymentgeek.com (learn more about Ms.

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.

Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

As a result of our conversation, I decided to dust-off an old post, give it a few updates, and pass along my thoughts, which can be best summarized as “ Ideas Don’t Equal Innovation. Without a viral movement, ideas go extinct before innovation.

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 [.].

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. Dr. Hank Pym and Hope Van Dyne had provided Scott the technology for Ant-Man. Their technology was used in an illegal manner and they were now in hiding because of Scott’s actions.

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. Arguably no technology is changing job functions within organizations more than analytics. Analytics tools give decision-makers the best possible intelligence about customers, finances, operations, suppliers, and the market.

How Blockchain Is Changing Finance

Harvard Business Review

To wit, 45% of financial intermediaries , such as payment networks, stock exchanges, and money transfer services, suffer from economic crime every year; the number is 37% for the entire economy, and only 20% and 27% for the professional services and technology sectors, respectively. First, because it’s antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. But the solution to this innovation logjam has emerged: blockchain.

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. The external factors may include the economy, technological change, legislation, and socio-cultural changes, as well as changes in your marketplace or competitive position. By focusing on internal factors, you'll be better able to unearth new opportunities for innovation. . Tough times require tough decisions.

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A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Between 2006 and 2008, more than $1 billion venture-capital dollars were channeled into startups focused on solar, wind and biofuel technologies. In the last year, however, early-stage investments in clean energy production technologies have fallen substantially (see the table at the end of this piece for more detail). Although generalist VC investors have shied away from the sector, a number of specialist clean-technology investors have emerged in the last decade.

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Digital Growth Depends More on Business Models than Technology

Harvard Business Review

Given that those companies were all venture-financed and emerged from Silicon Valley, you might assume that the key ingredients that have ensured their success were cutting-edge technologies, digital platforms, and customer bases that were chiefly made up of digital natives.

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. Change – environmental, political, social, cultural, technological, economic – is occurring constantly. Innovations.

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Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

Small businesses are also instrumental to our innovation economy; small firms produce 13 times more patents per employee than larger firms and employ more than 40% of high technology workers in America. The potential of new technology to fill the gaps in small business lending is high.

Build a Great Company Culture with Help from Technology

Harvard Business Review

And what happens as advances in technology constantly change how customers and employees expect to interact with your company? For us, those values are employees, customer service, integrity, innovation, fun, and profitability. How technology is changing the way we work.

HP Headed to Hotel California?

Women on Business

that focuses on customers and innovation. business development Businesswomen Bloggers Businesswomen Profiles decision-making Female Entrepreneurs Female Executives female executives Finance Global Perspectives Human Resources Issues International Business Leadership Management public relations Strategy Technology Uncategorized Women On Business Women On Business News Women On Business Roundtable

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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. We have identified how hospitals’ budgeting systems have erected three distinct barriers to the adoption of technology. Gillian Blease/Getty Images.

Technology Is Changing Transportation, and Cities Should Adapt

Harvard Business Review

And as innovation brings self-driving cars, electric vehicles, in-vehicle data connectivity, mechanisms for sharing rides and vehicles, and other technologies to more people, getting around cities will become easier, faster, and safer. McKinsey and Bloomberg New Energy Finance have estimated that in 50 metropolitan areas worldwide, a rapid transition to advanced mobility systems could yield $600 billion in societal benefits through 2030.

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. annual trade deficit in advanced technology products alone stands around $100 billion. Jetta Productions/Getty Images. Many U.S.

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

Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies. By the 1980s, Silicon Valley had surpassed Route 128 outside Boston to become the center of the technology universe. Jurgen Ziewe/Getty Images.

What Digital Change Demands of IT Organizations - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business Review

And that means buying more new technology: IT organizations must adopt new platforms and processes and integrate services in new ways. Read More from DXC Technology: Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? These COEs are responsible for innovation, transformation and process governance, and they work closely with operating units in Mexico, Brazil, Central America and the Philippines to roll them out.

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. Or what if — as is the case today — current chip technology is nearing its theoretical limits , and a completely new architecture needs to be dreamed up? There is no one “true” path to innovation. Sustaining innovation. Breakthrough 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.

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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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. The golden age is associated with some of America’s leading technology pioneers, such as Thomas Edison and Nikola Tesla in electrical illumination and Alexander Graham Bell and Elisha Gray in telephony.

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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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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.

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.

Stock Buybacks Aren’t Hurting Innovation

Harvard Business Review

These stock buybacks have come under criticism as a bad investment – the argument being that companies sitting on record amounts of cash ought to invest in innovation, salaries, or at least dividends, rather than pumping up their own stock price through buybacks.

5 Lessons from an Office on the Edge

Mills Scofield

More and more offices exist at the corner, situated in the messy confluences of cultures and technologies and in the borderlands of traditional disciplines. We have to innovate, test, fail, and try again, in order to ensure a true impact on such a societal problem.

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Disarming Landmines Through Strategic Innovation

Harvard Business Review

You might see this fledgling business (Mine Kafon is being prototyped and tested now, thanks to a fully funded Kickstarter campaign to finance its development) as a brilliant act of business strategy. He’s an innovator. Rolling out major innovations must be your top priority.

Analysts Want You to Innovate, Except When They Don’t

Harvard Business Review

Investment analysts love innovation. So in theory, at least, they want your company to innovate. In fact, they want you to innovate. The more innovations your team generates, the more the analysts will like your company and the higher its stock will climb.

Big Data In Your Shampoo?

Mills Scofield

In the case of the former, they typically would want to know why and how could they innovate their current product to regain their position as number one. They then took it one step further and asked, "How would you find the technology and material to meet this need?"

Innovating Around a Bureaucracy

Harvard Business Review

What do you do if you're a leader in a large, successful organization with an entrenched bureaucracy, and you see the need for innovation? IT also upgraded old technology and processes, achieving significant improvements in service and compliance.

The Top Six Innovation Ideas of 2011

Harvard Business Review

These six ideas emerged in 2010 as powerful "innovation invitations" and seem sure to intensify in power and influence. They'll increasingly be a source of, and resource for, innovation differentiation in 2011, if not for your organization, then for the firm you most dread competing against. Whether Google Demo Slam or Sprint's App Competition , digital media has become an innovation battleground for customers, clients, prospective partners, and young talent. That's right.

What Markets Do and Don’t Get About Innovation

Harvard Business Review

The idea was to transform his theory of disruptive innovation into an investment thesis. Disruptive innovation can take several forms, and the market understands some types better than others. Great investments are both non-consensus and correct, and examining the valuation process shows that consensus tends to coalesce differently around each type of innovation. Why the market values some kinds of innovation better than others. Disruptive innovation Finance

The Right Way to Plan an Innovation Tour

Harvard Business Review

Innovation tourism: it’s a thing. These well-intentioned professionals travel the world in pursuit of the secret sauce of innovation. But an innovation tour can be valuable, as long as you know what to look for and think about. Innovation Entrepreneurship Policy Article

How China’s Government Helps — and Hinders — Innovation

Harvard Business Review

By all accounts, the Chinese state is on all-out drive to move the country up the technological ladder. As the era of China as the world’s low-cost manufacturer comes to an end, innovation has become the most important element in the state’s development blueprint. Given its ideological leanings, China presents itself as a unique experiment in the power of the state to help the economy become more innovative.

Innovating the Toyota, and YouTube, Way

Harvard Business Review

In terms of people, processes and technologies, Toyota and Google's YouTube have little in common. As global innovators, however, they share a remarkable core value and best practice: they invest in the innovative capabilities of their suppliers. Creativity Google Innovation

You’re All One Team

Joseph Lalonde

Your church or business may have a technology department, financial department, outreach/marketing department, and more. Leaders destroy teamwork when: They make departments compete against each other : The idea is that competition breeds innovation.

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