Transformation requires the attenuation of fear. Easing the fear of loosing, the fear of not knowing what to do, the fear of learning new skills, and the fear of losing one’s position or job. Change can be scary for employees especially for employees who do not have the skills needed for the new way of … Continue reading Transforming Fear into Innovation
Placing Support, Budget and Skills at right place to achieve Innovationsource :kcom Innovation is held up by three factors lack of skills, support from venture capitalist and no fixed budget.This is supported by research released from KCOM. According to the research, almost half of businesses surveyed are considering driving digital transformation to improve competitive advantage … Continue reading WHAT FACTORS HOLDBACK INNOVATION
From corporate venture capital arms investing in start-ups to innovate faster and better, to corporations embedding tech accelerators within their walls to foster more entrepreneurial spirit throughout the company, these relationships are reinvigorating aging brands. Earlier this week, one of Google's rock-star engineers left that mammoth company population: 23,000 -- for Facebook, which has about … Continue reading The secret behind Tech Giants thirst for Innovation and Greed to snatch Start-up?
Innovation at Scottish Water The publicly owned company announced a series of contracts worth £120 million for the delivery of operational IT services with Fujitsu Services (for service desk, desktop and infrastructure services), Tata Consultancy Services (for applications management and integration and BI development) and BT (for mobile, data, voice and networks). An earlier phase … Continue reading How Scottish Water is turning its outsourcing partners into Innovation hubs.
Companies must accept that core business disruption and continuous reinvention are the new normal. Innovation techniques such as design thinking and the lean start-up methodology have been widely adopted. Yet, according to a survey in KPMG’s Benchmarking Innovation Impact 2020 study, 59% of respondents said their innovation efforts are ad hoc or emerging, with fewer than … Continue reading Why companies lack a defined Innovation Strategy. How to fix it?