On Open Innovation

My conversation with Dimitrios Salampasis, an open innovation researcher (@dsalampasis) What does open innovation mean for the financial industry? For a corporation, adopting open innovation means understanding that there are a lot of ideas in the ways of doing things, processes, technologies that will not necessarily come from the company. For large corporations, and most banks […]

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Magical Thinking?

Many things in life are quite difficult to understand, a long list that is getting shorter through scientific advances. But after thousands of years of living in a complex world that we mostly did/do not understand, we have developed various coping mechanisms, magical thinking being one of them. From Wikipedia, magical thinking “is the attribution […]

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Startup Boards

I have been a board member of many startups, and one thing I know for sure is that almost each board has a different view of its role and how to achieve it. Of course there are books and courses and blogs and all that. And everyone’s experience is different and most times not applicable […]

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Out of the Sandbox

The “sandbox” is an appropriate metaphor describing the protective cocoon of R&D; teams. We all know the mythical state of “almost done” where projects age gracefully. However, when a project is finally “done”, it has to face the music… how do you move it to “production”? When “ready to deploy”, there are several ways to […]

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Internal Innovation Teams

In a well-known book The Innovator’s Dilemma, Clayton Christensen explained the perils internal innovation faces from various entrenched  interests. In a nutshell, a well-run organization is not designed to innovate, but rather to optimize existing processes and products. The solution may be to create an independent group charged with spearheading innovation – a separate department, […]

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Social Media Conference Moscow

For the past two days I have attended the Social Media Conference in Moscow. 15 presenters talked about Russian companies early experimentation with using social media for business, with one American presenter talking about the US experience with social media in politics and government affairs. It was interesting to see that the concepts are applicable […]

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Technology for 2011

I started investigating new technology directions for Sberbank, and have been talking to many partners and vendors about how we can work together on innovative technology projects. I found myself explaining the “horizon” concept several times, so I’ve decided to post it while it’s still fresh in my mind… We are going through a major […]

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