An increasing number of blue-chip firms are using so-called innovation labs to generate new ideas. Such creative workshops are seen as a great way to encourage new thinking, without putting the core operations of the business at risk.
Retailer John Lewis recently launched the third iteration of its successful JLAB programme, which aims to produce services that change the way consumers shop. Standard Chartered, meanwhile, has announced the opening of a lab in Singapore to explore the use of emerging finance technologies.
