Fostering Innovation Within Companies: An Inside Look at GS Accelerate

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 11 May 2021

⏱️ 22 minutes

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Summary

How do companies identify new business opportunities? Goldman Sachs’ Tanya Baker and Hasan Malik, co-heads of the firm’s GS Accelerate program, and Daniel Kovenat, whose business idea was developed through the program, share their views on how to foster innovation.

Transcript

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0:00.0	This is at Goldman Sachs where we discuss developments currently shaping markets, industries, and the global economy.
0:13.4	I'm Allison Nathan, a senior strategist within Goldman Sachs research.
0:17.4	Today I'm delighted to welcome our colleagues from our firm-wide strategy group,
0:21.8	Tanya Baker and Hassan Malik,
0:24.0	who co-lead Goldman Sachs's Accelerate Program,
0:26.8	the firm's internal innovation engine
0:29.2	that identifies new businesses for Goldman Sachs.
0:32.0	Also joining us is Daniel Kanat from our engineering division
0:35.4	who built an enterprise software platform through Accelerate.
0:39.0	That platform which is designed to automate communications between applications
0:43.4	is set to launch as a pilot later this year.
0:45.8	Tanya Hassan and Daniel, welcome to the program.
0:49.1	Thanks for having us.
0:50.4	Thanks.
0:51.4	Thanks for having.
0:52.4	Tanya, let's start with you.
0:54.0	Can you explain for us what Accelerate is and why it was started?
0:59.0	Happy to.
1:00.0	And first of all, we are thrilled to be here,
1:02.0	so thank you again for having us so we've always
1:04.9	prided ourselves on a culture of innovation and entrepreneurship at Goldman Sachs and what we found was that was so much change and evolution going on in
1:16.4	our industry is that new ideas that were either cross-divisional so crossed
	...

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