Entries in technology (3)
Strategic Thinking and Creativity: A Little Idea With A Long History
It is difficult to know how to assess your work when you are being creative. Creativity in whatever endeavour or context is ruled by small continual loops of perception, judgment and reflection. It is not until you create a body of work in whatever practice over a long period of time that you, as a creator, gain distance and thus an understanding of your work. Even then you begin to wonder whether the work has any immediate or long term value or has made meaningful connections or sense with or for others. As a creator, it is not you who judges the effectiveness and quality of your creativity, it’s others. I was reminded of this last week when
How Social Media is Democratising Banking
Recently I was reminded of how social media has emerged into the mainstream of organizational life along with our personal lives. How it is disrupting all forms of business and organizations in the most dynamic, uncertain and yet optimistic way I think I have ever seen over the 30 years I have been involved with organizational innovation. Over the past weeks, I have been working in the financial services industry assisting an organization’s team of future leaders develop their creative thinking around the organization’s design of future products and services. And I am surprised to report, there is a high level of creativity amongst the leaders in this large traditional governance dominated organization and a high level of belief the leaders can bring themselves to work and make a difference. More importantly the new generation of leaders coming through have a social conscience with more than a passing curiosity in social media and innovation. Banks, in particular, are under threat because web based technology platforms built by PayPal, Amazon and eBay, based on social media technology and principles and the notion of personal trust in commercial transactions, have begun to democratize the flow of ordinary funds in the global economy. Banks' positions as controllers of the flow of global funds has meant they have been able to dictate market terms and conditions on a whole range of financial services products. However, their position as the central processing hubs for payments is now under severe threat. As a result,