Remove Banking Remove Efficiency Remove Operations Remove Recruitment
article thumbnail

Why an Innovation Culture Matters

Organizational Talent Consulting

The financial and operational rewards for innovation are significant. Creativity and risk-taking are essential to overcoming challenges, but businesses often reward efficiency and avoid risk. improved operational productivity. recruiting, rewarding, recognizing, and developing innovation champions. million per launch.

Culture 52
article thumbnail

Oliver Wyman interview preparation: the inside story

Management Consulted

After building a successful model in financial services, Oliver Wyman expanded to offer pure strategy consulting services to non-financial services groups and now has 2 internal divisions that operate relatively independently. Corporate and Institutional Banking. Retail and Business Banking. Oliver Wyman became own firm again.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Capitec Became South Africa’s Biggest Bank

Harvard Business

The consumer banking industry is notoriously difficult to enter, not least because most customers rarely switch banks. In some countries, people change spouses more often than they change banks. It has now become the largest bank in the country. These areas were underserved by the traditional banks.

Banking 28
article thumbnail

3 Steps to Cultivate an Innovation Culture

Organizational Talent Consulting

The proven benefits of innovation include: increased competitive advantage improved operational productivity reduced costs and increased revenue improved commercial value enhanced problem-solving One modern innovation that is impressive to watch is SpaceX's reusable Falcon 9 (watch the video below). million per launch.

Culture 52
article thumbnail

Alvarez & Marsal Interviews and Culture

Management Consulted

Alvarez & Marsal have been making waves in recent years for the high profile, high quality work they did in the midst of the banking crisis. One example is when the New York School’s system hired them to boost the efficiency of their school bus network, which they did, saving the city $12M. . ALVAREZ & MARSAL CONSULTING.

article thumbnail

When to Decentralize Decision Making, and When Not To

Harvard Business

We find it useful to start with four qualities most executives want their organizations to have: responsiveness, reliability, efficiency, and perennity (e.g., sales, procurement, recruiting, regulatory affairs) and the accountability for proper execution at that level. Efficiency through syndication. Minimum efficient scale.

article thumbnail

Before Automating Your Company?s Processes, Find Ways to Improve Them

Harvard Business

It operates at the task level and not the end-to-end process level.” The company may have collections of standard operating procedures, but they are often poorly documented and out of date. health care firm, for example, had over the years stripped a process down to the minimal viable steps to achieve efficiencies.

Company 32