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How KBC Bank Used Crowdsourced Innovation to Create Massive Employee Engagement

Planview

On the off chance an idea is shared, it gets lost in translation due to informal processes or too many hoops to jump through to reach a decision maker. KBC Bank, a European bank and financial services leader , is an example of a company that experienced disruption first hand. Mission accomplished.

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Does Financial regulation inhibit Innovation?

100%Open

Innovation can be driven by numerous factors. An example of technology driving innovation was the ATM in the banking industry. . According to Harvard Business School, the supply side of innovation also impacts the financing of technological development.

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What to innovate now

Jeffrey Phillips

From new medical devices to new banking products, to new consumer appliances and more, I've worked on a number of innovation projects in a wide range of industries. Over time, as innovation has matured somewhat, many innovation consultants began to reference Doblin's Ten Types model.

Agile 261
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3. Asking for Ideas is a Bad Idea

Stephen Shapiro

It’s core to so much of my innovation work. Here’s a short snippet of the content: A large European retail bank that was suffering from eroding market share thought they had a great idea to solve this emerging problem. The concept of the SIGNAL-TO-NOISE RATIO is overlooked yet critical.

Tips 78
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Where to focus your innovation effort

Jeffrey Phillips

OVO has done a fair amount of innovation work in the banking and financial sector. As such I would not call us "experts" in the banking or financial services space, but we've spent time there and we are always interested in new ideas that are percolating in the industry. What does this do for the consumer?

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What Role Does Practicality Play in Innovation?

IdeaScale

Brainstorming and even daydreaming may play a role in innovation, but practicality is required to bring innovative ideas to life. ?. In fact, if you think about it, innovations quite often make the practical aspects of life better. Banking from your phone is one example of innovation with practical results.

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How to Keep Innovating During an Economic Crisis

Innov8rs

Embrace a different mindset about those obstacles, and think about the situation in three ways: Acknowledge reality: Accept that everyone is struggling, even the major tech companies and big banks. One way is to create simple rules to guide the innovation process. For example, you could set a standard for brainstorming.