How credit unions can build an innovation culture

first_imgOrganizations frequently name “innovation” as a key ingredient in their secret sauce for success. In fact, research studying CEOs across the world found 64 percent of those surveyed believe innovation and operational effectiveness are equally important to a company’s success. This seems to indicate an increasing strategic interest in developing innovation cultures.In its truest sense, an innovation culture is a work environment fostering unorthodox thinking and application. Establishing such a culture requires time, effort and, above all, leadership that supports it. Beyond that, there are a few other important elements for credit unions to consider.Challenging the norm. Credit unions sticking to the status quo quickly stifle any possibility of innovation. They should instead embrace change and challenge processes, even those that are working. Asking questions such as, “How could this be better than it is today?” can have the power to spark creativity. continue reading » 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more