Exago is once again one of the TOP 15 companies of the Happiness Works initiative, after first being recognised in 2016. The ranking Exame – Happiness Works 2018 assesses the overall well-being and happiness levels of workers in firms operating in Portugal.
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.
And the Exago 2017 Innovation Gurus are…
Whether it is for their considered, value-oriented innovation approach, for the creative ways found to bring everyone aboard their innovation challenge, or for their sustained corporate culture of innovation, we are proud to announce the champions of the second edition of the Exago Innovation Guru Awards.
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.
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.
How innovation can help you conquer the new generations
A Gallup report shows that US companies lose $350 billion in revenue every year due to employees’ disengagement. In fact, 70 per cent of your employees are probably disengaged. Yet full participation is an emotional commitment that cannot be forced. With the Millennials and Generation Z joining the workplace, the challenge rises: no longer can we believe that it is enough for a company to provide the work, and that an employee’s motivation will come naturally.
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…