“Standing in solidarity to serve the member countries” in the fight against COVID-19, the ITFC is raising its innovation efforts to find new solutions jointly. As a leading Trade Solutions Provider, with a responsibility to shore up its activities and protect the member countries and interests of the nations that it provides practical, structural and fiscal support to, ITFC is launching an ideation drive to its staff, using the Exago platform.
How Fleury brings its suppliers on board to improve business operations
Seeing innovation as a leverage for change, the Brazilian Fleury Group currently has 2,500 stakeholders involved in its innovation efforts. They have shared almost 3,000 ideas, of which close to a third have been implemented, generating 4.3 million reais of aggregated value in the last two years alone (approximately 900,000 euros).
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.
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 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.
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?
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 than half of all the ideas implemented. By dissecting the…
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Lessons learnt on 164 real innovation management challenges
To see more clearly what has worked better – or hasn’t worked – with our own clients in recent, real innovation management initiatives, we’ve selected 10 with different size dimensions, from different countries and continents and a variety of sectors
Your ultimate innovation challenge – what works and what doesn’t
When it comes down to planning and developing your collaborative innovation initiatives, the way you identify, frame and share your organisation’s challenges with your targeted community is a key determinant of the success of your initiatives.