Meaningful innovation (part two)

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Speaking at The Economist’s CFO Summit 2013, Hal Gregersen, Professor of Leadership at INSEAD, examined how CFOs can foster innovation to prepare their businesses for the future. After ascertaining that innovative thinking is two thirds nurture and one third nature, Gregersen set about developing a process which would help people harvest their creative ability. Working with a team, he examined the behaviour …

Meaningful innovation (part one)

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Innovation is a word that gets thrown around a lot. In many sectors it has become an integral part of corporate jargon and has been overused to the point that many have forgotten its true meaning. In the current economic climate, where innovative thinking is vital to surmounting new challenges, companies cannot afford to stagnate. Speaking at The Economist’s CFO Summit …

Disruption in the music industry

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Everyone is aware that sales of music CDs have been falling steadily for some time. Sales figures for physical albums in 2012 reveal a drop of 20 per cent, compared with the previous year. Digital sales, on the other hand, continue to grow. Despite this, CDs, DVDs and video games still represent 75 per cent of the market. This situation raises a …

Did IT innovation deliver in 2012?

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As 2012 comes to an end, 4C Associates looks back at some of the predictions made earlier this year. Ian Lund considers prediction number nine: “There will be tremendous innovation in IT requiring new skills to manage,” and 10: “This year the CEO starts to look at IT costs, forcing measurement of the business value delivered by innovation.” Back in February, 4C …

Reverse innovation – book review

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As much of the global economy continues to evolve in a difficult environment, the notion that innovation stems from the more developed nations is increasingly inaccurate. The term “Reverse Innovation” refers to an innovation which has its roots in the developing world but is eventually embraced across the globe.In Reverse Innovation, Vijay Govindarajan and Chris Trimble encourage businesses to focus …

Growth through innovation Roundtable 2012

Growth through innovation Roundtable 2012

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Speaking to the Treasury Select Committee, Bank of England Governor, Sir Mervyn King said; “When this crisis began in 2007, most people did not believe we would still be here. I don’t think we’re yet half way through this. I’ve always said that and I’m still saying it. My estimate of how long it will take to recover is expanding …

Frugal innovation in healthcare

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Frugal or ” Jugaad” innovation is a concept which is being embraced by businesses across various sectors. One aspect of this movement, which is particularly relevant to the healthcare sector, is producing low tech alternatives to more complex products.Companies such as General Electric and Siemens, which produce some of the globe’s most expensive and complex pieces of medical equipment, are looking …

Procurement innovation is still about people

Procurement innovation is still about people

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Earlier this month we held a round table on procurement innovation with a number of leading CPOs. Most of the discussion was around the key trends of economics, sustainability and technology that we’ve written about here. However, in the discussion at the end we asked what were the key issues that all of these procurement heads were concerned about now? …