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Time and Place

Before you develop your ideas in great detail, I want to use some of these early blog posts to clarify the scope of the challenge question. I’ll start with a few comments about time and place.

The question implies that today’s teens will somehow influence the financial services industry, but when can we expect this to happen? Will today’s teens make an immediate impact during their teenage years? Are they more likely to shape the industry over time, as they progress through various life stages? You might feel strongly one way or the other. Whatever you believe, be sure to put forth a convincing argument. Timing is a key component of your proposal, especially as it relates to implementation of your ideas.

In terms of place, the challenge question is very clear. RBC provides diversified financial services in many parts of the world, including the United States and Caribbean. We also provide selected services in South America, Europe, the Middle East and Asia-Pacific regions. However, for purposes of the Next Great Innovator Challenge, we are interested primarily in Canada. If you choose to take an international perspective in your submission, make sure that the Canadian market remains the core consideration.

Posted by Nelson T. on November 6, 2006 9:26 PM

Comments (2)

Bill Claxton :

It's not related to the comment, but the time of the postings. It's amazing and innovative to see a (what I am assuming is a bank employee) staying up lat at night to post blogs on innovation. I always thought banks only operated from 10-3 but I stand corrected in this case. Perhaps this should part of the NGIC, when work should be done. That human factor.

Posted by Bill Claxton

Nelson T. :

Bill, thanks for your comment. I am definitely an RBC employee. I usually start writing my blog entries at the office, but I find it convenient to finish them at home. Hence, the late posting times.

Posted by Nelson T.

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