By Sohella Thuiner
This ebook will consultant monetary associations in constructing new ways and ideas for dealing with perennial concerns. Emphasizing the price of creativity for undertaking administration within the banking zone, the writer presents new insights for all these operating in banking and finance. proposing a few new, outside-the-box rules, the publication will be considered as the lacking spice that might creatively rework all different parts within the financial world.
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Extra resources for Banks of the Future: Putting a Puzzle Together Creatively
1 Future Internet A couple of years ago there were companies that made money only via the traffic on their website. Today, as a source of making money, the value of website traffic only has diminished. These companies need to find new ways of keeping their business going. The internet will evolve to a stage where website traffic or the number of viewers alone won’t be sufficient and thus requires added value in order to stand out. Individuals and companies will come up with new ideas for sharing information and creating virtual money, even on free platforms like YouTube, and the original idea of using the internet for free will change its direction, with less and less people sharing their services for free.
Due to different activities and objectives, each area in a bank has its own culture which aims to attract employees that support its goals. Here it is believed that even a bank with the best strategy and highest reputation can only achieve average results if its culture is not aligned with its values. 1 The Meaning of Innovations according to a number of articles in the HBR, like “The Innovator’s DNA”, diverse professional experience around one subject the person is able to look outside each box and combine the information in each box which evolves into a better understanding enhances knowledge in such a way that a solution to a complex problem can be found more easily which helps to better understand cultures and their differences our brains connect all the available information and create a detailed network with each additional experience, the person not only acquires new knowledge, but also learns about job-related emotions Over the past few years, financial institutions have put more attention to the topic of innovation.
It will become standard practice that participants in a particular market exchange knowledge and services among each other instead of giving it away for free. It might also become standard market practice in the internet of the future to facilitate exchange with virtual money. The virtual money will only facilitate this kind of exchange in the virtual economy, but not in the traditional economy, to enable the exchange of knowledge. Virtual money for sharing our knowledge will also allow us in the future to pay for services from the likes of Google or Facebook.
Banks of the Future: Putting a Puzzle Together Creatively by Sohella Thuiner