Innovation Driven Growth

Welcome, Wayne Miller. 1:30
The core concerns every business needs to do well. 4:39
🤝The Venture Center: supporting the entrepreneurial community in the state of Arkansas and beyond. 8:00
Collaboration with universities, technical schools, and other corporations. 10:02
What are ICBA and FIS?
Venture Center is working very closely to find business leaders and companies for FIS. 13:20
Accelerator Program - How it helps startups? 20:20
Venture Center success stories. 24:50
Future of innovation in financial services. 25:30
Future of community banks: innovation implementation of High touch and Hitech.  27:48
Getting beyond the curriculum: Student Education Entrepreneur Collective (SEEC) 33:11
Fulfilling the gap between startup enthusiasm and business wisdom.   35:29
The challenges of being an entrepreneur: Wayne's advice to innovators in financial services: 37:53
Contact Wayne:[email protected] and  https://www.venturecenter.co/   

 
✅ A good example of getting creative to problem solve. 01:16
 
👉 "Creativity is going to get us all through this." 04:05
  
🤔 How can I get innovation started at my organization? 04:26
  
 🏼Immediately fall back into the numbing routine. 06:28
  
3️⃣ Three innovation categories. 08.34 
 
🌟 Express ideas clearly: boosting speaking ability with Toastmasters. 12:09

🪁Forgiveness is easier to get than permission. 13:38
 
 🫣 If you are blocking others in innovation: Stand aside. 15:23
 
 ⚠️ Encourage and harvest all ideas, even if not all of them are winners. 16.55

 
🥅 What should innovators try to accomplish? 17:55

 
🧐 Don't punish the ones who are trying to innovate. 19:20 
 
📋 Make innovation a part of the employees' annual review process.
 
✨ Be the spark of innovation. 21:10

*https://www.foxnews.com/lifestyle/apparel-companys-t-shirt-idea-coronavirus-relief-
fundraiser},**https://www.toastmasters.org/ 
 https://davidpeterson.com/

Introducing Daniel P. Simon 1.43
Daniel's book: “The Money Hackers—a group of misfits took on Wall Street and changed finance forever” 2:55
The financial industry should empower everyone, not just the richest 9:57
Financial crisis: East coast bankers and West coast thinking technologists 11:16
The refreshing style in writing: engaging and light 15:27
The role of financial advisers 20:00
Human qualities will be the reason people stick to a financial institution 23:12
Wake Up call for community financial institutions–need to step up digital banking presence 23:36
What services will change in the future? 27:40
Get the book Money Hackers 35:26
https://www.amazon.com/Money-Hackers-Misfits-Changed-Finance-ebook/dp/B07TH7VLQ3/ref=sr_1_2?dchild=1&keywords=The+Money+Hackers&qid=1586291377&sr=8-2
https://danielpsimon.com/

Did you plan scenarios like COVID19 in your business strategy? 1:56

A Black Swan Effect  2:38

Planning for a catastrophic event 4:26

COVID19 Canceling speaking engagements and ripple effect throughout the entire industry.6:18 

Virtual conference. It's a reasonable alternative. 09:01

Bankarshub - a good example of online innovation. 11:29

Don’t let the virus leave your organization on the sidelines. 12:20

Concerts and sports events canceled, but here is an alternative. 13:03

The innovation brought by Streamers and eSports *** 15:56

 SoftGiving.com Charitable giving and online Galas 17:32

Silver lining to COVID19:  outdated models of business 20:10

Don’t let this wave of inactivity damage your business, get in touch with experienced innovators 23:00

http://www.bankershub.com/

https://softgiving.com/

****https://fight2fund.org/
***www.twitch.com

How is the "Flight, Fight or Freeze" response wired into our physiology? 02:29
You can train yourself to respond instead of reacting 04:15
How to keep your head in any crisis, big or small? 05:06
Fishing on the raft experience 05:58
How can you practice this response vs. reaction in your everyday life? 11:05
Which situations require an immediate response to remediate the crisis? 12:47
Don't make decisions based on what others might think of you or your response. 13:20
If you're a senior leader, you can work specifically to change reactions into responses.15:42
Navy Seal Breathing technique to keep you calm in the times of the greatest stress 17:27

**http://motto.time.com/4316151/breathing-technique-navy-seal-calm-focused/

How to get creative and harvest ideas for potential innovation? 00:08

🧠 What is the value of creative and strategic thinking? 01:25

The definition for innovation is “creativity: expressed, manufactured and consumed” 02:45

Why you need a specific systemic method to come up with and harvest creative ideas? 04:06

What are the four elements required to allow true creativity to flourish? 05:02

What spaces can you use as your “space for thinking”? 05:30

Why is it necessary for you to specifically allocate time to think? 10:25

Why do you need to relax and let your mind settle first before you start thinking? 13:55

🙃 Why is it critical to capture your ideas, no matter how silly or insignificant they might seem? 15:13

Take time to develop your ideas further, and give your right brain time to be creative 17:57

Nothing kills creativity, more than self-doubt 24:50

Tips to unlock creativity if you are a manager or an office clerk 27:52

Stop trying to think of good ideas and just think of ideas 31:53

  Is the model of Higher Education going to radically change? 00:45
Autopilot thinking – how many decisions do you make in a day? 04:05
More experience - less chance of coming up with innovative ideas 05:42
What is the numbing effect of the routine process? 07:01
Why is the autopilot thinking the killer of creativity? 07:11
🧠 How the left brain and the right brain work together? 07:22
🤯 How to remember the insights that your right brain provides? 12:56
Developing an ability to look for ways to do things differently 13:42
Important - get outside input on your products and your processes 17:10
Why autopilot thinking is not enough for our future success 24:18
Why we must find ways to unlock our right brain 25:16

Where innovation falls in a business 03:25 //
Innovation and creativity 04:17 //
Innovation vs invention 05:10 //
How connections between technologies are driving economic growth 06:39
Understanding and dealing with the gap between seemingly unconnected technologies when starting and running a business 08:11 //
The concept of exomorphosis. This idea that change is happening around us. 11:55
Why is it important to listen to people who work with customers? 13:48
Why is it beneficial for older generations to appreciate the new generation's fresh points of view? 15:20 //
  How virtual classroom is covering the gap between teaching explicit knowledge and practical knowledge? 19:30 //
Business plans: How do you make small mistakes that enable you to learn without your business dying?  22:05 //
A business simulator: how well would you do in a competitive environment? 26:10
Making a team: why cross-functional teams work best? 30:18 //
Successful teaching stories: how to be an effective leader a...

The difference between innovation and creativity—and why it matters. 01:54
Why we should brainstorm just ideas—not only earth-shattering ones. 4:26
        What the Wesleyan Quadrilateral has to do with innovation. 6:25

️ How tradition impacts our behaviors (aka why we’re on autopilot). 10:10 The birth of velcro, and how to use the experience as inspiration. 12:43 How to harness your creative brain with reason. 15:11

What is exomorphosis and how it impacts the way we live and work? 19:08
    How exomorphosis can apply to the financial world (let’s talk about Venmo). 24:21
    What we can learn from the fatal flaw of the taxi industry. 25:39
 
Why we must listen to the newest employees to stay ahead of exomorphosis. 28:41
 
Advice for Millennials: how to communicate with older generations. 33:04
 
Why you have to create ideas (even bad ones) to get to innovation. 38:17

*Wesleyan Quadrilateral https://en.wikipedia.org/wiki/Wesleyan_Quadrilateral
**Birth of velcro: https://en.wikipedia.org/wiki/George_de_Mestral 

🤔We need to think about innovation differently. 0:00

How innovative are you—really? 1:42

Why are we playing the innovation blame game at work? 3:18

What a candy bar taught me about innovation. 5:03

Why innovation doesn’t have to be a big, disruptive breakthrough. 7:48

What to do if you do have a revolutionary idea. 13:01

You may not have any big ideas, but you can still have incremental innovations. 14:36

What sailing in the 1800s can teach us about innovation today? 18:17

My official definition of innovation. 23:37

Creativity vs. innovation—as demonstrated by jumping to the Earth from space. 29:14

What does it take for innovations to be wildly successful? 33:18

How to come up with innovative ideas. (Hint, it takes a lot of bad ones!) 37:50

Why small innovations are crucial. 39:49

Will you be innovative? 41:36