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
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.
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.
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 to conquer your Daily Innovation Zone
Once you’ve understood the four quadrants of the innovation model – steady growth, productivity gain, industry leadership, game change -, you’ll need a plan to conquer your own Daily Innovation Zone. This means also learning how to create game changing innovation with minimum cost and risk.
First, ask what your innovation purpose is
What is your company’s innovation mission? And how does your initiative take part in carrying it out?
Finally, your 7th innovation journey must-have
Last but not least, when launching your innovation management effort, remember to find a way to communicate why the initiative…
Is it clear enough? Your innovation journey 6th must-have
From the beginning of your innovation efforts, people need to clearly understand the journey ahead and to feel they have…