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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. And when an industry is going through disruption, a company can’t afford to have those game-changing ideas sit in people’s heads or get lost in translation.
Banking Lacks a Culture of Innovation. The skinny: Building an innovation culture is at the top of most banking organization’s corporate agendas, but how effective is the implementation? Retail banking organizations are in for a transformation in upcoming years. ” Read more →. Who it’s from: The Financial Brand.
Viably effective Dual Innovation Management Systems in organizations are essentially contingent on following 4 vital premises—all of which can be thought of as required conditions: Balanced Portfolio Approach. Support by a proper IdeaManagement System. David Coloma, Consulting Area Manager at Cynertia Consulting.
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