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.
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.
Ten years building the future together
In 2006, an IT visionary, an innovation hunter and an algorithm doer met for coffee and an idea came up.…
How strategic cost-cutting helps you shift from survival to growth
In a weak growth environment, with low investments and rising risks, companies gamble on cost-cutting to ensure that they are prepared and equipped to grow stronger, as they wait for better times to come. Yet, cost-cutting is more and more seen as a way to drive growth, rather than as way to survive or avoid insolvency.
Why is innovation management a powerful tool to engage Generations Y and Z
Large companies looking for creative and transforming ideas need to leverage innovation management to conquer employees, particularly Gen Zers and Millennials. Those leading must develop the mindset and organisational structures to empower these younger generations and help them reach full potential, while becoming part of their company’s evolution.
How to create a culture of collaborative innovation in younger generations
Millennials and Generation Z are often disconnected from the strategic vision of a big organisation because they cannot see any links between their everyday work and the company’s business objectives. Being able to align an individual’s everyday work and goals clearly with the organisation’s strategy gets people to think in new ways and imagine new possibilities.
Welcome to our renewed mission, brand and product offering
We all sometimes feel the need or a resolve to explore and create new paths. At Exago, we’ll be celebrating our anniversary this year and understand it is the time for such evolution, so that we too are fit to evolve with your business in the years ahead.
Exago partners with Microsoft for optimal innovation software performance
Exago announces a technological and business partnership with Microsoft, to strengthen its product scalability and performance and to accelerate growth in sales.
Six common mistakes and one advice for innovation challenges
Operational efficiency is clearly ahead in idea implementation, while sales and marketing, sustainability and better customer experience count for more…