Came across this very nice post today by Jim Marous summarising results from an Accenture study on corporate innovation.

Some of the key outcomes of the study discuss many of the things we all know to be true:

• management support for innovative ideas is critical;
• the need to focus on day-to-day functions often gets in the way of devoting time to innovation; and
• rewarding a person’s contribution to innovation is complex:  if any reward or acknowledgement is linked to the innovation’s ultimate success then this can have the perverse outcome of discouraging some people, due the the fear of failure.

But there are two other lessons in the article I particularly liked.

Continue reading “Building an innovation culture in banking” →