In times of uncertainty, when business models are challenged, managers and financial directors are bound to cut costs to make organisations more agile, robust and adaptable to change
Why your idea management programme is so helpful for strategic cost-cutting
As business models being are challenged, organisations need to become more adaptable and resilient, naturally also by becoming more efficient and cutting inadequate costs. This change must happen from the bottom up, with the right leadership and sponsorship, to separate the good from the bad costs, at both micro and macro levels. Innovation managers can, and should lend a hand to address this shared challenge.
Transforming cost-cutting into growth in your innovation programme
In times of uncertainty, when business models are challenged, companies are bound to cut costs, to become more agile, robust and adaptable to change. Managers can support these efforts, namely within the corporate innovation programme.
Launching your own innovation programme has never been this easy
Do you feel that your innovation programme is becoming too complex? That you are spending too much time picking the right software to support your initiative, instead of focusing on what your company really needs?
TRANSFORM calls on social enterprises to apply to the open call
To help scale bold ideas to tackle the world’s big social, environmental and economic issues, the Unilever partnership with the UK’s Department for International Development (DFID) is now calling on social enterprises to apply to TRANSFORM. To invite ideas and promote collaboration to further catalyse impact, they have chosen Exago’s open innovation software.
The 7 (+1) things you have to do to succeed as an Innovation Director
As companies fight to stay ahead of the innovation curve, the role of the Innovation Director is developing and growing in significance. Some have trained in the field with a high degree of specialisation, while others have fallen into the position from other areas and have moulded themselves to become the innovation leader of their company. Regardless, their goal is the same: to help propel and direct innovation within their organisation.
Step 5: Be resilient to create a cost-conscious culture in your innovation agenda
If you are introducing cost-cutting in your innovation agenda, your ultimate drive is to create a cost culture that sustains itself over time and is not forgotten three months after being announced by the leadership.
Step 4: Overcoming fears over cost-cutting within your innovation agenda
Typically, cost-cutting is an expression that frightens employees. It often suggests salary reductions, job cuts and increased individual workload. When introduced in your innovation agenda, you should thus ensure that both real needs and strategy are understood across the organisation, consistently framing any cost-cutting goals.
How Human Resource leaders make the most of innovation management
With innovation management capturing rising interest from human resource managers and directors, Exago’s team took part in the Expo’RH2018 in Estoril, Portugal, to discuss the latest news and trends in the sector. The event organised by the International Faculty for Executives gathered hundreds of HR directors from leading companies such as Nestlé, Ageas, Pfizer, Renova and McDonald’s, under the motto “Experience is the way”, on March 14 and 15.
Make every idea count for your business this year
Are you truly committed to finding those new ideas to grow your business in 2018? You’re not the only one. Learn how Exago innovation management software can make every idea count for your company with your freedemo@exago.com.