Innovating successfully in 2020 requires good leadership, a people-first strategy and, as dimension 3 of our guide shows, setting clear, tangible goals and measuring a broad range of results.
The telecoms multinational Altice, one of Exago’s longest-standing and most innovative clients, is heading investment in Innovation and Research and Development in Portugal. Between 2015 and 2017, the group devoted over 200 million euros to activities connected to innovation, almost twice as much as the second company featured in a study recently published by the national Directorate-General of Education and Science Statistics.
To mark Exago’s 11th anniversary, we have put together pieces of wisdom from our clients, innovation managers, to truly bring innovation together. This is lesson 8.
Leadership is undoubtedly a critical piece of the business innovation puzzle. In fact, a recent study showed that the highest performing companies centralise their innovation strategy in upper management, meaning it is often those at C-level who push for innovation within a company. But being a great leader isn’t enough if you hope to succeed in the coming year.
Exago’s 3.6 idea management software release is a major leap forward from the previous versions. With a brand new homepage look and feel, it offers additional idea review gates and a more comprehensive evaluation process, as well as more effective communication mechanisms.
You may easily find yourself overwhelmed. But, you cannot get mired in endless reports, comparative numbers and hundreds of percentages that may have nothing relevant to show you.
Innovation is not a stationary object. It’s a process that transforms ideas into value – a way of doing things that every company has to adopt at its core.