Why We Need To Stop Inventing Things

Why We Need To Stop Inventing Things

Neal Cross, a renowned figure in the world of corporate innovation, has overturned the conventional corporate innovation model to shape the future of digital banking. He believes that bringing a culture of innovation to an entire banking group requires determination, persistence, a singular focus, a lot of effort, and lots of stretching the workforce to think differently. Neal recommends that instead of merely innovating, innovators should focus on building the right relationships and alliances to solve the right problems. Corporate innovators need to put their egos aside and work collaboratively with other departments to create a culture of innovation. By giving protection, freedom, education, and inspiration to his team, Neal has turned them into world-class innovators. Neal has also highlighted the importance of people skills, problem validations, and building frameworks to enable others to do great work.

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More Innovation Resources:

Why an Innovation Strategy is Essential for Your Business

To achieve growth and stay competitive through innovation, businesses need a well-defined innovation-specific strategy. An effective innovation strategy requires measurable goals, allocation of resources and a feedback loop to track progress.

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How to Spot Communication Issues in Your Team

How to Spot Communication Issues in Your Team

Communication breakdown is detrimental to project success. Project managers must recognize warning signs such as lack of trust, unresolved conflicts, and groupthink to address issues promptly.

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How to defeat "Loss Aversion" - the #1 reason why middle managers kill innovation

Loss aversion is the fear of losing something a person already has and the tendency to avoid risk, which inhibits support for new ideas within established companies, especially from middle managers. A portfolio approach to innovation management, reducing the cost of failure, and increasing the likelihood and payoff of success, among other strategies, can counteract loss aversion.

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