‘Innovation is Core’ - Prof. Fabrice Galia

Prof. Fabrice Galia, Professor, Burgundy School of Business, France, addressed SDMites on August 20, 2016 in his address to the audience focused on innovation and mentioned that no field can survive without innovation, that applies to the field of finance also. Prof. Galia stated that both product and service innovations are required to create value. Innovation, he stated that, derives a push from the demand as well the technological developments. The innovation at the organizational level as well the personal level play major role in improving the business and economy.  Prof. Galia opined that all the business activities including the support activities have to be innovative to add value to the customers. His conclusion was to build the innovation culture across the entire organization be it government or private, to stay competitive in the market.