There are many books written about innovation and guides to help entrepreneurs, but what is the difference? Does one need to be innovative to be an entrepreneur or have entrepreneurial talent to be innovative?
One of the most entrepreneurial corporations historically has been Citibank, particularly in the international field. Citi had offices in far flung Buenos Aires and Shanghai before there were telephones or air travel. The local manager had to be entrepreneurial. I was Citi’s country executive in Sweden, Ireland, and Singapore in the 1980s and it was still that way. We had an expression that “sometimes its easier to ask forgiveness later for a decision than to get approval before.”