Inspiring breakthrough innovation in business models and solutions is becoming critical for organizations’ existence, as startups through their innovation have been consistently disrupting large organizations globally. To foster innovation, the key ingredient is creating an organizational culture that encourages innovation in all spheres. Every organization, today, aspires to nurture a culture of innovation where employees are motivated to take initiatives that result in the creation of innovati
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Almost every other day, startups emerge and disrupt established companies because of their innovative ideas and business models. This disruption is, primarily, due to the reluctance of big companies to implement a series of strategic and organizational practices required to organize and inspire creativity.
Large firms are, generally, better at implementation rather than innovation due to their long-established ways of doing business and other cultural elements. Their success is owing to optimiza
Complimentary Financial Risk and Regulation Publication – Written by the Industry, for the Industry…
Risk Insights Magazine, Issue Eight (70+ pages of articles, interviews and video insights).
Issue Eight features insights on:
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SIX REASONS FIRMS CAN’T INNOVATE
Enrique Suarez Note: I often receive executive education courses from MIT and I want to share this excellent article with all of you.
Source: MIT Management Executive Education
Written by Visiting Professor Bill Fisher
Recent studies show that when it comes to innovation, corporate strategists don’t walk the walk. They know that real change is required to succeed, but the vast majority of growth efforts are allocated to continuous innovation instead of disruptive ris
Learning How to Test and Learn
By: MIT CISR
Author(s)
Ross, Jeanne W. and Fonstad, Nils O.
Type:
Research Briefing
Topics:
Digital Innovation
Business Agility
IT Governance
IT Investment and Portfolio Management
IT-based Business Transformation
2018-02-15
Abstract: To counter pervasive uncertainties in the business and technology environment and prioritize the most strategic innovation projects from myriad options, companies can take a test-and-learn approach to innovation investments. From our analysis of t
Year over year, scandals like Wells Fargo, Equifax, Chipotle and so many others have dominated news headlines as they wreak havoc on consumers, investors, and awaken industry and government regulators. What is driving this trend?
Consumers have entrusted corporations with increasing involvement and influence in their lives through the decades. In 2014, for example, the Supreme Court ruled that corporations have some of the rights and responsibilities as natural persons. In other words, corporatio
Designing for Digital—Lessons from Spotify
Source: MIT CISR
Abstract: To remain competitive, established companies are increasingly recognizing the need to develop digital offerings. Digital offerings, however, are dependent on software. Unlike traditional products and services, software-based offerings constantly evolve in response to both customer demands and new opportunities to address customer needs. To support digital offerings, companies must adopt new organizing principles—specifically, em
Digitized ≠ Digital
By:
Ross, Jeanne W.
Beath, Cynthia M.
Sebastian, Ina
MIT CIRS
Abstract: To succeed in the digital economy, companies need to be both digitized and digital. Despite the similarity of the words, there is a big difference. Digitization is an operational necessity and involves standardizing business processes. To become digital, leaders must articulate a visionary digital value proposition for customers and deliver it in the form of digital offerings. This briefing clarifies what is in |
Another Successful Example on How to Compete: Putting Customers before Products (From Selling Hospital Beds to Protecting Patients)
Source:
MIT - CISR
Authors:
Moloney, Kate
Ross, Jeanne W.
Beath, Cynthia M.
Abstract: Hill-Rom Holdings started producing wooden furniture for hospitals in 1929. By 2017, the company was a diversified medical technology and services company. To leverage digital technologies, Hill-Rom was transforming from its traditional lines of business to a company that was leveragin |
Who Are the Champions in Horizon 2020?
Author: Nikolaos Floratos
This publication is a synopsis on which countries and organizations are the most successful ones in Horizon 2020 programme. We have analyzed 4190 H2020 projects and 7804 organizations that have been awarded an Horizon 2020 grant based on the data provided by the European Commission under Cordis on 24 June 2015.
Presentations and articles from EC officials and experts have been highlighting the low success rates in Horizon 2020 program
Business Model Innovation Presentation: The New Trigger for Great Startups
Source: SlideShare featuring David Skok, General Partner at Matrix Partners
Unlike the past where technology innovation was the primary driver of startup creation, in the last ten years, it has frequently been innovation in new business models that has caused the disruption to create the opening for new companies. This presentation by David Skok of Matrix Partners looks in depth at the key business model changes that are ca
Three Key Ideas Shaping the Future of Innovation
Source:
Innovation@ Work Blog, MIT
Your company’s key innovators are, most likely, your consumers
The wave of technological innovation we are currently riding has brought us wearable computing and 3D printing, with products like Google Glass and Nike Fuelband becoming the stars of recent tech conferences, including May's All Things D. Continually fueled by the question “what’s next?,” product innovators leave no stone unturned in their quest to produc
10 Must-have’s from 2016’s Online Learning Students
Source:
eCampusNews
Large-scale survey recognizes often-contradictory demands from students; offers recommendations for programs.
Higher ed online learning students expect a lot from their programs; but with every student’s unique expectations and desires, how can institutions not only rise above the competition, but offer the best online learning options for their students?
Those are the questions a joint survey–conducted by Learning House and Asl
Enrique Suarez Presenting:
12 Lessons
Things A Little Bird Told Me: Confessions of the Creative Mind by Biz Stone
Biz Stone was a co-founder of Twitter, one of the most successful social networking platforms of all time. His ability to think creatively helped make Twitter an enduring brand on a global scale.
1) Don’t underestimate the importance of creativity
Plain hard work is good and important, but it is ideas that drive us, as individuals, companies, nations, and a global community. Creativit
Enrique Suarez Presenting:
Define Your Digital Strategy—Now
Source:
Ross, Jeanne W.
Sebastian, Ina
Fonstad
Center for Information Systems Research (CISR)
M.I.T
2015-06-18
Abstract: The confluence of social, mobile, analytics, cloud, Internet of Things, and other powerful, readily accessible technologies is disrupting businesses in all industries. Success requires a coherent digital strategy that is informed by the capabilities of these technologies. Leaders guide investment decisions by focusing on eithe
As non-banks enter the financial services marketplace through innovative payment and banking offerings, it is vital for the financial services industry to establish design thinking and innovation as an underpinning of their business model to incentivize the customer loyalty necessary to regain competitive advantage in banking.
Christopher Whitlock, Vice President, Executive Creative Director at Fidelity Investments recently spoke with marcus evans about key topics to be discussed at their upcomi
The Internet Of Things (IoT) Has Arrived - What You Should Know
by Chuck Brooks
https://www.linkedin.com/pulse/internet-things-iot-has-arrived-what-you-should-know-chuck-brooks
We have entered a new era of scientific breakthroughs and technological applications that will change life as we know it. Accelerated technological development is transforming our civilization. The pace of innovation is growing so rapidly that it is becoming exponential as each year passes.
Futurist Dr. Michio Kaku charact
How to Really Link Strategy with Execution
Most companies implicitly execute as if they were pursuing a Best Product commodity strategy. No degree of competent execution can save them from this never-ending treadmill. The core processes of the company need to be aligned to the chosen strategy in order to make progress against their strategic agenda and avoid a commodity-like outcome. The Delta Model identifies the core processes of the business and provides a guide for how they need to function d
Those of us interested in EU risk regulation may be interested in the Action Plan that the European Risk Forum (ERF) issued a couple of months ago. The ERF Action Plan builds on and integrates the Commission Smart Regulation agenda, covering issues such as the EU Law on Administrative Procedures; public consultation, impact assessment and regulatory benefits; the role of the Commission’s Chief Scientific Advisor; and the application of the precautionary principle.
The ERF is a think-tank committ
Cost cutting and better risk management remained high on the European financial services agenda at the recent World Economic Forum. Institutions worldwide are facing similar concerns, because of the ongoing instability in the current economic environment. Yet cost cutting initiatives and the move to further enhance risk management are often undertaken to the detriment of what customers today are looking for – innovation.
Regulation is intended to create transparency, but if not managed efficient
