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For step 2 in cost-cutting within your innovation agenda, you will need this
A cost-cutting initiative within your innovation agenda needs to be run as a strategic initiative with the same board sponsorship, direction and accountability as any other critical initiative. It is important to ensure central governance, senior management agreement and employees’ engagement.
What are the good and the bad costs in your innovation agenda?
When introducing a cost-cutting strategy in your innovation agenda, you should first have a clear view of your company’s strategy and map out good and bad costs for programme intervention, at macro and micro levels. Both macro- and micro-level-oriented strategies have value and they often make more sense combined.
Unilever partnership pledges £40 million to support social enterprises
In partnership with the UK’s Department for International Development (DFID), Unilever is expanding its commitment to support social enterprises through the joint initiative TRANSFORM. To invite ideas and collaboration to further catalyse impact, they have chosen Exago’s open innovation software.
How to introduce a cost-cutting strategy in your innovation initiative: Step 1
To introduce a cost-cutting strategy in your innovation management initiative and ensure that your business remains relevant and able to maximise its potential under less favourable circumstances, five major steps should be taken.
How to map costs for your innovation path to growth
In our economic environment, connecting innovation and strategic cost-cutting becomes relevant for all companies, both incumbent and challengers.
Why leaders with a clear vision connect innovation and strategic cost-cutting
A successful cost-cutting strategy is connected to an organisation’s capacity to evolve, to innovate, and to do it as whole. Companies can, in fact, keep innovating in ways that do not require high investments in new products’ research and development, and which can save substantial amounts of time and money.
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