Adopt an innovation mindset
Not every company is in a position to fund large projects like The Concept, so finding ways to embed innovation into the daily culture of a business is crucial.
“There’s really only three ways to drive shareholder value. That is, your own innovation, your partner, or you buy in. Your own innovation is crucial, and what so many organisations have is these latent assets called ‘people’ and these people have great ideas,” Glen explains.
“What OFX is realising and doing now is capturing that talent and the ideas and turning them into innovative new services, revenue and shareholder value. And if you don’t do that, you die.”
For companies looking to adopt that innovation mindset, Peter recommends the 3 C’s; Clarity, Culture and Capability. Clarity of direction helps employees understand what it is they’re actually working for in the long-term. “Event’s like this help people get excited and show them what they can do if they believe in themselves a little more, and that momentum carries forward,” Peter added.