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.
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
A little over a year after implementing a new innovation management solution, participation at Fleury was nearly five times higher. This real company has generated real value through innovation. What can you learn from their experience? No single secret software … Read More
iPhone at Apple, Gmail at Google: these are the results of incremental innovation – of structures, features and processes improvement – typically involving larger numbers of people in these efforts. Thomas Edison, though usually considered an inventor, was in truth … Read More
Liberty Seguros Portugal, awarded several times for being ‘a great place to work’ and promoting ‘excellence at work’, wants to take its employees’ creativity and engagement to a new level. The insurance company has set in motion the ‘People@Liberty’ programme, … Read More
Executives from top companies have gathered in Bogota, Colombia, 17 and 18 September, to get to know and better understand the latest tools available to make innovation tangible. This Innovation Lab, ‘From ideas into results: Building an innovative engine in … Read More
A reference in innovation in Brazil from its beginning, Fleury is the largest group of clinical analysis in Latin America, with more than 10,000 employees currently. To stay ahead in the race, in 2011, the group introduced the “Central de … Read More
Innovation can involve small incremental changes, disruptive paradigm shifts, and … everything in between. These changes can impact the products and services you deliver, the processes you use, and the business models that define your work. Different opportunities can, in … Read More
“Check the yellow cable connection, please” – by simply changing the colours of the cables, set-top-boxes and routers, Portugal Telecom (PT) was able to effectively simplify procedures and improve the quality of its customer service. It became easy to promptly … Read More
There are some paths that are easy to embark upon. If you want to start jogging, it’s as simple as putting on a pair of running shoes and hitting the road. Starting is easy, but you don’t get to complete a marathon by casually jogging from time to time. The same is true for innovation management: getting started is easy but real, lasting success can be an elusive goal.
In the last post we focused on the difficulties of investing in innovation during crisis times and outlined why it is important to think about the long run. Typically transformative results come from radical innovation which tends to take time … Read More