Posted by Sanjay Purohit (View Profile | View All Posts) at 12:01 PM
Why did Facebook buy WhatsApp? [Source: http://www.youtube.com/watch?v=ocMyXXAYnVY]
Recently, members of a now defunct exclusive hacking club got together online to celebrate not a breakthrough break through, but the spectacular success of one of their own - Jan Koum and his US$ 19 billion Whatsapp deal with Facebook. This was the latest in a not very short list of successes of the club's alumni, which included at least one of Napster's founders, and those of Cloudmark, Servio, Duo Security and Immunet, among others.
If ever there was a metaphor for the power of disruptive-innovation this must be it. But urban-legend-status notwithstanding, the truth is that manifestations of disruptive innovation are few and far between - a corollary of the fact that only a tiny fraction of the young and restless who want to disrupt and innovate actually go out there and do so. The vast majority finds its way into the portals of the conventional workplace, nurturing that deep-seated desire all along.
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Posted by Rajashekara V. Maiya (View Profile | View All Posts) at 11:10 AM
Technology at Morgan Stanley [Source: http://www.youtube.com/watch?v=hGXHi5jJA2M]
The financial services industry is at a crossroad. OK, I know what you're thinking: That sector is at several crossroads. Post-global economic crisis, it's probably the most interesting time to be in or be observing the big banks. There is a profound cultural shift that is emanating from within the world's most prestigious and well-known banks. Many banks have decided that a culture of overwork has had its day.
If any of you have worked in a financial services firm, you're aware of how long the hours can be. "Face-time" is an aspect of this culture. You want to make sure that the managing director sees you in the office at all hours, even if you're not necessarily working on a project. For the better part of the last couple centuries, being upwardly mobile at a bank meant putting your personal life on hold and devoting your life - seven days a week - to the firm.
Continue reading "How Technology Fuels a Cultural Change in Banking" »
Posted by Soundararajan S (View Profile | View All Posts) at 8:45 AM
What's your favorite innovation-workshop opener? -Sanjay Purohit [Source: http://www.youtube.com/watch?v=r_g3UXkFbNQ]
Creating effective organizations takes a lot of effort and it's no small task. We value the ability to bounce ideas off each other in environments that are safe. We come up with prototypes for new products and services by not being afraid of proposing ways of approaching an issue that might rub people the wrong way. And the team matters - people that collaborate instead of focusing solely on their own goals are often the most potent part of any brainstorming session. But what is a safe atmosphere? It's a place that you might perceive as unfamiliar but remain confident.
When Infosys worked with the European Business Awards to detect the common elements of a best-in-class company, what we found was that organizations that create safe places of brainstorming and creativity tend to be the ones that are the most profitable and able to stave off the competition. In fact, the EBA winners tend to have as a common characteristic the ability to define new markets by sheer virtue of their collective creativity.
Continue reading "The power of effective organizations" »