Disruptive innovations do not necessarily lead to an incumbent’s downfall. Startups introducing disruptive technologies are more likely to agree to be acquired rather than turning into rivals eventually.

He revealed a simple test he uses to decide what goes out and what stays in: “The basic premise I work with is to ask ‘are we bringing additional value to our shareholders and to our bottom line by doing this ourselves’? And if the answer to the question is yes, it is something we should be doing. If the answer is n...

There is widespread agreement about the cultural attributes that inhibit innovation. A bureaucratic, hierarchical, and fearful environment. Such cultures often starve innovation of resources and use incentives intended to promote short-term performance and an intolerance of failure. Only 28 percent of the senio...

The issue many organizations face today with innovation is their tendency to be too optimistic and wanting all innovation to be revolutionary or too cautious and staying in their comfort zones. Both approaches lead to failure and an internal perception that the company must retreat back to the core business and del...

There is a growing realization that organizations have to get the people who actually do the work to innovate. The innovation agenda is now as much about human capital investment as delivering new products and services. Now that innovation is everyone’s job, who owns job training?

The 2017 Ernst & Young Global Research Banking Outlook Survey of senior executives at almost 300 banks across the globe, indicates that risk and regulation will continue to dominate management’s agenda over the next 12 months. Leading banks are looking beyond compliance to optimize their businesses and improve ...