Day: 2 October 2017

5 ways to foster a culture of innovation and identify opportunities

Startups are here to stay.  With access to endless data and more funding, start-ups will survive and therefore disrupt. Hence, the emergence of an innovation race amongst corporates. Everyone – from banks, industrials and even consumer goods companies – are obsessed with innovating. Innovation Labs, accelerators, transformation teams are mushrooming, but are often disconnected with the real business. – How to engage the whole company in the transformation effort? – How to create a digital culture and vision among your top managers? – How can your teams identify new opportunities, new business models?   Changing a company’s culture can turn to be extremely challenging.  But relax, we’re here to help! Here are 5 ways to  foster a culture of innovation and identify opportunities in your company: #1 Encourage an active learning culture by opening mindsets to new realities     Some companies do so by bringing inspiration to their offices and creating an ecosystem around them.  For example, the Development Bank of Singapore (DBS) has created a special place for innovation: DBS Asia X (DAX). The building is entirely dedicated to innovation, hosting staff, startups, students and strategists together for better synergy. The facility is hosting the bank’s latest workshops and hackathons […]

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