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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. These banks recorded 58% growth between 2011 and 2016, a staggering number – that is until you review the performance of the industry’s newer entrants. trillion.

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The Ultimate Corporate Co-Creation Tool: Venture Building

CREATORS

At CREATORS, we’ve said for years that the most transformational innovation activities inside large organizations are those which combine both internal and open innovation efforts. Since 2011, venture builders have contributed to creating around 15% companies around the world. More information about it later in this blog.

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Dance of the Corporate Innovators

The Inovo Group

In a business world without variation, innovation can’t happen, and companies can become irrelevant – and also go extinct. In 2011, O’Reilly and Tushman [ 3 ] built on the Exploration-Exploitation concept to create what they called the Ambidextrous Organization. A new type of dance is needed for corporate innovators.

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Warm and Fuzzy at the Front End of Innovation

Paul Hobcraft

I wrote about “ hearing all the voices of ideas at the front end and the “ two distinct parts of the innovation funnel ” building from my original post “ the new extended innovation funnel “, written in 2011. Ideas need to be even more connected both within the organization and outside coming in.

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11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

Whereas Schumpeter describes an entrepreneur as disequilibrative – destroying the pre-existing stage of the equilibrium ((Kirzner, 1999) – Kirzner chooses to describe the role of the entrepreneur as more equilibrative – entrepreneurs systematically displace disruptive conditions in order to create stabilized market conditions (Kirzner, 1999).

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What is innovation management and why your organization needs it

hackerearth

Whereas, Gartner says it is a business discipline that aims to drive a repeatable, sustainable innovation process or culture within an organization. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In sustaining innovations, incumbents win.

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What is innovation management and why your organization needs it

hackerearth

Whereas, Gartner says it is a business discipline that aims to drive a repeatable, sustainable innovation process or culture within an organization. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In sustaining innovations, incumbents win.