A study shows that 49% of financial executives responsible for capital planning say manual spreadsheet processes are a top pain point in capital planning.
GE's FirstBuild exemplifies a successful business model that incorporates crowdfunded ideas and community rewards to develop and sell innovative home appliances.
Establishing an internal corporate incubator is an effective way for established companies to innovate and develop a completely new technology without impacting their core strategy. Incubators provide a safe haven for exploring new ideas away from the demands of existing customers, product structures, and value networks.
