I recently learned about M-Pesa, a mobile-based money transfer service used in various countries in Africa. M-Pesa has changed the dimension of the banking industry in those countries. When asked about existing banking regulations and how they might affect this venture, the founder of the company said that we live in a “disruptive” world and gave examples of how Uber and Airbnb are changing the dimensions of those industries. We are indeed going through an interesting period — powered by science and technology, we are redefining many things that apparently have been known forever. We know that in order to survive in this environment, we have to be innovative — but is there a recipe for promoting innovation? We know a lot of tech companies like Amazon, Google, Apple, and Microsoft started from humble garage operations. A friend of mine once jokingly told me that he couldn’t innovate anything because …
