How Ideation Transformed the Culture of the Largest Bank in the Southern Hemisphere

How Ideation Transformed the Culture of the Largest Bank in the Southern Hemisphere

Companies like Commonwealth Bank are seeing the benefits of intrapreneurship programs that encourage employee ideation towards improving customer experience. Intrapreneurship enables companies to tap into collective intelligence, increase employee engagement, and identify solutions to problems faster. Ideation facilitated by an intrapreneurship program empowers employees to think creatively and strategically, which creates a culture of innovation where ideas are heard and taken action on. This environment leads to employees feeling they can challenge the status quo, which encourages an innovative mindset in the workplace.

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Four ways ideas are selected for implementation

Generating ideas is easy, but turning them into products requires senior leader buy-in. Ideas can be converted through Assignment, Sponsorship, Adoption, or Spinout, and organizations need to understand which method(s) work best for them.

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Using Innovation to Improve Your McKinsey Organizational Health Index Score

Using BottomUp Innovation approach and IdeaScale community helped Sunshine Coast Credit Union to increase their McKinsey Organizational Health Index score and enhance their organizational culture.

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In near Future, you’ll wish you had started today!

In near Future, you’ll wish you had started today!

Innovation Cloud launched a challenge to see how closely we are to Back to the Future's predictions of the future. They found out that we have real-life versions of certain technologies but not all of them.

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