Tag: Innovation

If I were the CEO of FedEx
Innovation

If I were the CEO of FedEx..

One of the most important and most talked about topics in the recent times in business circles has been “Disruptive Innovation”. Thanks to the book written by Clay Christensen – “The Innovators Dilemma” and his ability to explain the phenomenon in a few industries, the concept of disruption and disruptive innovation has become a common lexicon in the business circles. One of the industries that is on the verge of being disrupted is the logistics industry. The entire logistics industry is based on the assumptions that production and consumption happen at different locations and hence there is a need for […]

Podcast

PBTO5: Innovation, Design Thinking and Solving Complex Problems

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http://traffic.libsyn.com/pushingbeyondtheobvious/05_PBTO5__Innovation_Design_Thinking__Solving__Wicked_Problems_.mp3Podcast: Play in new window | DownloadSubscribe: Email | RSSIn this episode, we host Lakshman, who heads the innovation practice for the consulting division of SAP, based in India and also a visiting faculty at the Hasso Plattner Institute, Potsdam, Germany.  In this conversation, we talk about the importance of defining the right problem to solve, as the first step in any innovation practice. Lucky also shares his views on how to build a practice capable of being able to innovate on a consistent basis. We also talk about Design Thinking, its history, the key components of this philosophy and […]

Podcast

PBTO1: Launching “Pushing Beyond the Obvious” Podcast

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http://traffic.libsyn.com/pushingbeyondtheobvious/01_PBTO1__Introducing__Pushing_Beyond_The_Obvious__Podcast.mp3Podcast: Play in new window | DownloadSubscribe: Email | RSSI had earlier announced that I will launch my podcast shortly. Today, is the day when I would like announce the launch of “Pushing Beyond the Obvious” podcast. This is the first episode of the podcast. In this episode, I talk about what this podcast is about and whom is it relevant for. This podcast is relevant to you if: You are an entrepreneur or a CEO You are a manager responsible for sales, marketing, innovation or strategy function in your organization. The podcast provide you insights and strategies on how […]

Innovation

A Good Example of Innovation in Retail Banking – Alpha Bank

It is very well known that one the best ways to come up with new innovations is to mix and match existing interesting ideas to come up with something unique. If there was an industry that needed to come up with innovative solutions, it was the Retail banking industry.  I cant even remember when was the last time that this industry actually came up with an innovative offering from the start of the internet banking era. Now, Alpha bank in Russia has come up with a novel concept of a Fitness Account. This idea already combines two existing needs of […]

Innovation

Reframing Failure as Iteration Fosters More Innovation

One of the biggest hurdles in fostering a culture of innovation in an organization is the fear of failure.  This is one of the most critical aspects of a culture. The fear of failure creates a lot of additional hurdles in the innovation process.  No Breakthrough Innovation: The biggest impact on the innovation process that the fear of failure can have is that this almost ensures that there will be no breakthrough innovation coming out of the innovation process. Any breakthrough innovation requires at some stage for the team to decide to follow an insight/idea that is unconventional or against […]