Leaders with a clear vision tend to use cost-cutting and improvement to align costs with business strategy. The trend gained ground in the last decade, as world turmoil intensified and growth became a more elusive and complex goal to reach.
In the process of setting objectives for your business goals, you should always think SMART – as management guru Peter Drucker applies this expression. To make your objectives easy to understand and monitor, they need to be specific, measurable, assignable, realistic and time-related. This mnemonic can be useful when establishing 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 innovation challenges that performed the worst – and excluding extrinsic … Read More
By analysing 164 real innovation challenges, we’ve seen how people more easily relate to – and want to have a say in – questions that are closely tied to, and disrupt, daily work routines. These are, for instance, ‘How can … Read More
Banco Atlântico Europa (ATLE) is taking a step forward towards fulfilling its resolution to innovate with a new structured idea management initiative based on Exago’s software. All this bank’s employees can now use the Idea Market platform to share and evaluate ideas and insights, building solutions for the company’s main challenges.