Small to Medium Enterprises (SMEs) are still failing to innovate, and those that don’t keep up with the creative and innovative pace will inevitably fall behind.The intense competition that SMEs face requires them to reconsider their competitive positions and embrace innovation to enhance business competitiveness.
Hallo Innovator! Exago Smart innovation management software is now in German
Exago Smart collaborative innovation software can now be used by German speakers in their own language. With the new version, the Exago enterprise-grade solution becomes available in nine language options, enabling over a million people worldwide to share ideas and insights and contribute to their company’s innovation and business goals.
How can medium enterprises innovate successfully?
Though not always fully recognised, Small to Medium Enterprises are the root of economic growth and job and wealth creation. They play a vital role in the global economy, strongly contributing to employment rates, innovation and growth. Yet, such a fundamental role is only possible if SMEs are able to continue reinventing themselves in order to innovate actively and remain relevant
Our CEO Diana introduces the Exago Start New Edition
Exago Start innovation software quickly gets your teams to join in with your company’s innovation initiative. With ready-to-go and field-tested configurations, this idea management software ensures fast engagement and results, offering guidance in every phase of your programme.
Why your idea management programme is so helpful for strategic cost-cutting
As business models being are challenged, organisations need to become more adaptable and resilient, naturally also by becoming more efficient and cutting inadequate costs. This change must happen from the bottom up, with the right leadership and sponsorship, to separate the good from the bad costs, at both micro and macro levels. Innovation managers can, and should lend a hand to address this shared challenge.
Launching your own innovation programme has never been this easy
Do you feel that your innovation programme is becoming too complex? That you are spending too much time picking the right software to support your initiative, instead of focusing on what your company really needs?
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 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 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.
Why leaders with a clear vision connect innovation and strategic cost-cutting
A successful cost-cutting strategy is connected to an organisation’s capacity to evolve, to innovate, and to do it as whole. Companies can, in fact, keep innovating in ways that do not require high investments in new products’ research and development, and which can save substantial amounts of time and money.