The Unexplored Side of the Innovation Equation - Part 1
Authored by – David Rovick Arrojo, Associate Consultant - Data and Strategy
The Backdrop for Maximising Innovation
Innovation is more of a mindset and cultural attitude than a point of arrival. Read our thesis here:
Innovation is a permanent state, not just a path from A to B. To embody this, corporations should aspire to be living, breathing structures which constantly look to evolve, as opposed to static entities which change only with top-down instruction.
In a competitive world, to stay the same or trail the status quo poses a greater risk than to commit to finding new and better ways of doing business.
This is becoming increasingly relevant in the world of financial services, where digital challengers are finding new and better ways to deliver value to their customers.
Businesses thus stand to benefit from understanding what drives innovation and putting it into practice. This is all about cultivating an explorer’s mindset, at both an organizational and an individual level. So, how can your organization leverage innovation to drive growth and seize unseen opportunity?