POSTS TAGGED : business culture

Best Practices for Building a Culture of Innovation

Creativity is an essential part of any successful business. It helps employees find new ways to solve problems and develop solutions that make their organization unique.

Innovation culture

Managers must establish a culture supporting employees’ creativity to foster a creative work environment. This can be done through collaboration, open communication, and supporting risk-taking in the workplace.

Encourage Collaboration and Cross-Functional Teams

Creating a culture of innovation in the workplace is essential to your company’s success. This culture can boost productivity, enhance work satisfaction and help your company stand out.

Leaders like what Shohreh Abebi Exec VP, did must encourage collaboration and cross-functional teams in the workplace to foster a creative culture.…

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Can a Culture of Innovation Help Your Business Navigate Disruption?

Disruption has always existed in the business world. However, with the advent of technology, disruptions seem to be happening at lightning speed. This makes it difficult for companies to remain competitive, especially if their leaders haven’t prioritized a culture of innovation.

Embracing innovation culture

Innovation is essential when it comes to overcoming disruption and remaining indispensable in an ever-changing global ecosystem. Organizations that fail to grow, adapt, and thrive ultimately fail to innovate, as discussed in a Harvard Business School article.

On the other hand, businesses that make innovation a necessity can apply out-of-the-box thinking to even the stickiest of situations. For example, many traditional brick-and-mortar retailers with innovative cultures took advantage of Amazon marketing services to open up new e-commerce revenue streams.…

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Future-Proofing Your Bank with a Business Culture Anchored on Data Management

In today’s quickly evolving and highly competitive banking industry, one thing’s for certain: the financial institutions that have made the effort to future-proof their businesses have the best chances of succeeding. But what does “future-proofing” entail, and what practical steps can a financial institution take to guide its business into a prosperous future?

Data management in banking industry

Part of the answer may lie in shifting towards data-driven decision-making and policy implementation. By anchoring its business culture on a data-driven mindset, a bank can do more than simply increase its profitability in the next few  years. It can build enough agility and resilience to cement its position as a power player of the financial industry in the future.…

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