Category Archives: Innovation Teams

Innovation in Corporate Financial Services

Societal and technological trends are developing at an exponential pace. We see it, sense it, and read about it every day. While corporate innovation is often labelled as a viable strategy for improving the company’s performance, a successful implementation of corporate innovation remains challenging for most companies. Here, we share the most important innovation lessons we have learned over the last three years in a financial services context to help organizations, hopefully yours, avoid common pitfalls.

Innovation is Social

If your organization is struggling to sustain its innovation efforts, then I hope you will do the following things. Find the purpose and passion that everyone can rally around. Create the flexibility necessary to deal with the constant change that a focus on innovation requires for both customers and the organization. Make innovation the social ...

Why We Need T-Shaped Innovators

Big disruptive innovations don’t usually come from experts in the field. Max Planck, the famous physicist famously quipped that “science advances one funeral at a time”, and in some ways, you can argue that this applies equally to innovation. In the latter case, it is typically market leadership that dies...

How to Tell If Innovation Matters to Your CEO

Thank the good folks at PWC for their latest survey of executives about innovation. The new article, optimistically entitled Unleashing the power of Innovation was recently published and surveyed approximately 250 senior executives about innovation.

Leading and Managing Product Innovation Teams [interview]

I enjoyed watching Pixar’s “A Bug’s Life” when it was released in 1998 and have more recently re-watched it with my kids. I was amazed at the character animation and quickly pulled into the story line when I first saw it. What I didn’t expect was the reflective advice it would provide on leadership and management, ...

Embracing Quick Wins and Quick Losses

Embracing Quick Wins and Quick LossesWhen moving a new product or service through the development cycle, there are generally four outcomes a New Product Development (NPD) team can expect. Two of these outcomes are especially good – although which ones they are might surprise you. It may seem counterintuitive, but one of the positive outcomes does not result in revenue – or even a product – and organizations must learn to embrace this notion. Continue reading