Cross-Industry Innovation – Seek Converging Trends

Cross-Industry Innovation – Seek Converging Trends

by Tim Empringham, MBANo Comments
Every industry today is facing disruption and change at a speed that we have never seen before. E-commerce is challenging Retail. Technology companies are challenging banks. 3D Printing is challenging traditional manufacturing. Innovation is no longer a nice-to-have capability in your organization; it is a critical component of your future success. But the innovation of your products like โทรศัพท์ดาวเทียม and services alone is not enough. You need to be looking more broadly at your entire business and industry to truly future-proof your organization. You need to look for cross-industry innovation and seek converging trends to lead your category and organization into the future. (more…)...
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Leading in Innovation – Who Are The Innovators?

Leading in Innovation – Who Are The Innovators?

by Tim Empringham, MBANo Comments
Over the past several months I've been spending a lot of time looking at the industry in which I work (Financial Services) and wondering what it is that keeps this industry from leading in innovation. Like many other industries, the leaders in banking regularly talk about innovation, and some even claim to be leaders in innovation. But as I look across the industry I see very little real change. Even the best innovators in Financial Services are making primarily incremental changes, with very few disruptive ideas coming from the incumbents. (more…)...
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Never Turn Your Back On The Ocean

Never Turn Your Back On The Ocean

by Tim Empringham, MBANo Comments
There is an old Hawaiian proverb that says "Never Turn Your Back On The Ocean".  The people of Hawaii have a tremendous respect for the Ocean and it's beauty, but also for it's tremendous power.   One minute you may be relaxing in the sun enjoying the sun and surf, and in the next moment you can find yourself swept out to sea.  The calm of the Ocean is hypnotic, lulling you into a sense of security and safety beside this enormous body of water, but when you least expect it the Ocean can turn and delivery a powerful blow with an unexpected wave that has the power of significant destruction. I was reminded yesterday of the concept of "pre-acting" in a post by Daniel Burris on LinkedIn (3 Keys Leaders Can Use to See the Future).  Burris is the author of a fantastic book called Flash Foresight which provides a terrific framework for looking into the future and leading forward...
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