article thumbnail

When Disruption Becomes Destructive: How Can Financial Services Companies Close the Innovation Gap?

Qmarkets

caption id="attachment_40714" align="alignright" width="438"] The speed of change in the banking industry has CEOs more concerned than in any other industry. The combined valuation of the top 50 banks worldwide make up almost one-third of this number: a whopping $4.3 banks are among the 10 least-loved brands by the millennials.

article thumbnail

When Pundits Say That Robots Will Take Our Jobs, Remember These 4 Things

Innovation Excellence

The number of bank tellers has doubled since ATMs were introduced. In a similar way we don’t expect bank tellers to process transactions any more, but to help us with things that we can’t do at an ATM. Let’s think back to what a traditional bank looked like before ATMs or the Internet. Good service was fast service.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup. He doubled GE’s investment in R&D.

article thumbnail

Spotting Innovation Opportunities

ITONICS

Disruptive technologies or innovations boost new business models that change the game of existing industries like the space industry (SpaceX), the music industry (Spotify), the film industry (Netflix) or the banking sector (FinTechs), just to name a few. Is there a pattern for disruption & breakthroughs?

article thumbnail

Great to Good Innovation

IdeaSpies

Books such as Consumptionomics (2011) by Chandran Nair and Abundance: The Future Is Better Than You Think (2012) by Peter H. The New S Curve: Organizations in various countries that I am working with are all buzzing about disruptive innovation – how to build the new growth cycle? Diamandis provide further evidence of this prosperity.

article thumbnail

Great to Good Innovation

IdeaSpies

Books such as Consumptionomics (2011) by Chandran Nair and Abundance: The Future Is Better Than You Think (2012) by Peter H. The New S Curve: Organizations in various countries that I am working with are all buzzing about disruptive innovation – how to build the new growth cycle? A good idea or two will suffice.

article thumbnail

Great to Good

IdeaSpies

Books such as Consumptionomics (2011) by Chandran Nair and Abundance: The Future Is Better Than You Think (2012) by Peter H. The New S Curve: Organizations in various countries that I am working with are all buzzing about disruptive innovation – how to build the new growth cycle? Diamandis provide further evidence of this prosperity.