“Move Fast and Break Things” is the famous Facebook motto that speaks to the innovation mindsets that have developed in the technology space. Innovation in technology is often about getting products in front of customers as fast as possible, so that improvements to product-market fit can be made quickly.
In partnership with Executive Global Network (EGN) Singapore, Natalie Turner facilitated a cross-functional event on human capital exploring the pivotal role that HR needs to play in order for organisations to succeed in the future.
I often get asked how organisations can build a more innovative culture. It is a valid but difficult question to answer as culture is something that is multi-faceted, involves history and legacy, and includes a set of deeply-held values.
Do you consider yourself innovative? This question usually elicits a negative response for two reasons. First, people tend to wrongly equate innovation with only technologies, research and development, and new products. Second, innovation is misperceived as the domain of a select creative few.
A Singaporean friend recently shared that despite having a stable corporate role, she missed the challenges involved in running her own business. Despite two previous entrepreneurial failures, she was keen to go back to managing start-ups. Why? Because she has grit.
So what is on the mind of the Singaporean manager? Plenty, shows the Singaporean Management Agenda survey of 600 organisations on a range of business topics. The results, published by Roffey Park and Management Development Institute, provide fresh insight on the pulse of Singaporean business managers.
Last month, my business partner and I decided to switch our bank account to DBS. I must say, it was truly an exceptional experience. From entering its pod-like lobby at the Marina Bay Financial Centre, which looked like a cross between a five-star-hotel reception and a spaceship, I was mesmerised. Could this really be a bank?
A new year is full of hope and aspiration — it is like turning the pages of a recently purchased book, whereby we put aside the past and look forward to the future. It is full of new resolutions — lose weight, learn a new skill or get a new job — most of which are long forgotten as life catches up with us.
It is said that innovative organisations — those that systematically create new sources of value from their products, services or processes — grow twice as fast, both in employment and sales, as firms that fail to innovate. What’s their secret?
When I say the word “innovation”, what pops into your mind? Great products like the iPhone or iPad? Breakthroughs in scientific drug research? Social-media platforms like Twitter or Facebook? Maybe others.