As a considerable time soccer fan, I've been told the NFL called a "copycat" league. As fast as one team finds an offense or defense that's unique and successful, it is quickly copied by each other team looking to repeat the success. True enough, but in no way unique. We reside in a copycat society. Look no farther than your Yuletide present list for proof. Zhu Zhu pets are white hot.
Great. Mechanical rats. Uggs are the ludicrously hot shoes for teen girls, notwithstanding being quite uggly, if you pardon the bad joke. And it is applicable to matters bigger than a present list. There had been a point when the Prius stood alone as a homely, eco friendly egg on wheels. Now it has masses of company. Enormous suburban homes became so ever-present they earned the dubious McMansion moniker. This copycat phenomenon could be fascinating, nearly diverting, if it didn't extend to an area of much larger importance. Us. I worked with world firms as a senior executive for more than 25 years before beginning a leadership training practice some five years back. During the last ten years, not exactly a day would go by when the manager or other senior executive was not decrying the absence of creativeness on the part of the work-force. It appears the copycat phenomenon has extended to folks, stunting the creative muscle, and minting copycat workers. In business parlance, the slogan became "innovation." If you might sit in most company conferences to chat about succession, you would be unable to swing a dead pussy ( or zhu zhu pet ) without hitting a leader lamenting the shortage of development in their organisation. It occurs each day. Nonetheless it doesn't need to occur tomorrow. Begin with you. I'm sure that downsizing has put inflating strain on less workers to do the work of ( previously ) plenty more. And , it is simple to fall into the booby trap of keeping your head down to avoid getting it shot off. Yes, it is tough to be imaginative when you're paranoid and overworked. But ironically, if you don't, you might be the new "cost savings" to be kicked off by your company. Start by lifting up your head and having a look around. Attempt to identify 1 or 2 things that might make a contribution in the business that are in your control. Take 1 or 2 minutes and think. Intensely. Keep in contact with your markets, patrons and products.
Read some trade mags to spot trends. Read more generally. Search the web. Look for a concept. An edge. Then put it to work.
If you want to clear it with your manager first, then do so. Begin the conversation with "I was thinking...". If you strike pay dust, don't relax.
There's likely a copycat sitting nextdoor.
Financial Innovation, Technology, Regulation and Public Policy
As the current finance disaster starts to fade from memory we are beginning to see behaviours in the world of money invention reverting to old techniques and practices. Is it a nice thing? Perhaps...But misunderstood money innovations such as securitization, which led on to the money crisis thru the sub-prime cock up in the US, pose an ever present danger to the fiscal industry. Regulators and supervisors everywhere, as guardians of the assorted parts of the planet's monetary system, do still not obviously understand the consequences of financial creativity.
Regularly too this is clouded by public policies which as the foundation for such oversight are suspect as to which "public" they're meant to benefit. This is particularly the case in the usages of technology in the supply of fiscal services. The word "innovate" means to bring in novelties or to implement changes. Fiscal creativity extends this easy definition to the finance world.
Nevertheless here the simplicity ends with many products, processes and strategies which have been applied to the range of the money world - some good and some bad. What drives financial creativity? Simply put - self interest, which finds expression thru Adam Smith's "invisible hand". Money establishments hunt down, thru the cutting edge process, the best cost-effective way to maximize their profits either on established products or potential fresh ones.
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