Ten years building the future together

In 2006, an IT visionary, an innovation hunter and an algorithm doer met for coffee and an idea came up. In November 2007, Exago was born.

Now, on our 10th anniversary, we celebrate the results of our brilliant customers and the over one million users who have taken part in building their organisation’s future.

From the thousands that have come to life, we share 10 simple yet impactful ideas to stir us all.

We challenge you to pick (at least) one!

 

How strategic cost-cutting helps you shift from survival to growth

In a weak growth environment, with low investments and rising risks, companies gamble on cost-cutting to ensure that they are prepared and equipped to grow stronger, as they wait for better times to come. Yet, cost-cutting is more and more seen as a way to drive growth, rather than as way to survive or avoid insolvency.

With recession, macroeconomic concerns, digital disruption and commodity price fluctuations fueling uncertainty, Deloitte’s 2016 data illustrates this shift from survival to growth. Its fourth biennial cost survey shows that the ‘save to grow’ strategy of ‘using cost reduction to fund growth initiatives’ remains prominent today.

However, in 2016, many US companies were ‘simultaneously pursuing seemingly conflicting goals of aggressive growth and aggressive cost improvement’. Deloitte calls this the ‘thriving in uncertainty’ paradox.

Then, whatever the future holds, the key to cost programme success lies in ‘choosing a cost management strategy that aligns with your company’s needs and is capable of delivering the required level of savings’. In this context, tactical initiatives to pursue aggressive cost targets will not be enough, and are likely to be ‘a recipe for failure’, the report adds.

The change has to go deeper then, beyond tactics, reaching a strategic level. This means that a company’s most valuable assets, people and their talents, become top priorities, ‘consistent with a growth mindset, since having qualified workers and deploying them effectively is key to successful growth’, writes Deloitte.

(to be continued)

FROM THE START:
Strategic cost-cutting and improvements in the innovation corporate agenda

Andreia Agostinho Dias, Sales Executive
Diana Neves de Carvalho, Exago’s CEO

Why is innovation management a powerful tool to engage Generations Y and Z

Large companies looking for creative and transforming ideas need to leverage innovation management to conquer employees, particularly Gen Zers and Millennials. Those leading must develop the mindset and organisational structures to empower these younger generations and help them reach full potential, while being part of their company’s evolution.

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. It makes it easy for employees to see how their contributions matter.

An innovation management software can help you share your company’s vision and strategy, get people involved, and continuously find new answers, as change becomes constant. Additionally, by including evaluation mechanisms, these sophisticated platforms give the community the chance and means to assess, as a whole, the ideas presented – thus harnessing and activating your company’s collective intelligence.

Idea management software (such as Exago Smart) also promotes a collaborative culture, for individuals and the community, answering directly to the main needs and motivations of both Millennials and Generation Z, as the following table shows:

innovation management to engage generations y and z

As innovation becomes the natural way of doing business for both these generations, organisations should focus on gathering and maximising their potential. The greater challenge, however, lies in managing this process in an efficient, collaborative and transparent way, using technology as a bridge to make their voices and contributions a real part of the corporate evolutionary path.

READ MORE:
Six best innovation practices to engage Millennials and Gen Zers

FROM THE START:
Loyalty is no longer enough to both employers and the workforce

Aylin Olsun, managing partner of ASO Company
Diana Neves de Carvalho, Exago’s CEO

How to create a culture of collaborative innovation in younger generations

We have seen how 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. It makes it easy for employees to see how their contributions matter. Alignment with the organisation’s strategy becomes a personal matter, creating the foundation for increasing both engagement and personal satisfaction.

People on the front lines have, in fact, a unique perspective given their skills, experience and view into the organisation. Inviting employees to participate in the decision-making process by sharing their ideas about their work offers leaders multiple and very diverse points of view.

If you inspire people to think strategically about work, they will find ways to solve problems and opportunities for innovation that have the potential to elevate overall performance – and potentially improve their employees’ retention ratio.

With idea management software, such as Exago Smart, you can launch strategic business challenges and invite each employee to share ideas and insights on them. In other words, it allows employees, as individuals, to participate and have a say in building the company’s future together – aligning goals, seeking greater engagement and stimulating creative thinking and collaboration.

Additionally, by including evaluation mechanisms, these sophisticated platforms give the community the chance and means to assess, as a whole, the ideas presented – thus harnessing and activating your company’s collective intelligence.

In this sense, innovation management software can help you continuously find new answers, as change becomes constant. It also promotes a collaborative culture, for individuals and the community, answering directly to the main needs and motivations of both Millennials and Generation Z.

READ MORE:
Why is innovation management a powerful tool to engage Generations Y and Z

FROM THE START:
Loyalty is no longer enough to both employers and the workforce

Aylin Olsun, managing partner of ASO Company
Diana Neves de Carvalho, Exago’s CEO

Welcome to our renewed mission, brand and product offering

We all sometimes feel the need or a resolve to explore and create new paths. At Exago, we’ll be celebrating our 1oth anniversary this year and understand it is the time for such evolution, so that we are fit to evolve with your business in the years ahead. As a result, we bring you:

• A new mission statement: we embrace the mission of making innovation come together, both by engaging everyone to collaborate and share the innovation challenge, and by delivering a powerful platform designed to find, improve and bring to life ideas with high potential for value creation.

• A new image: with our innovation management software fully conquering our core business, Exago is now the software, the people and the company. This fresh positioning has inspired a new brand and website, to introduce the best of us.

• A new product offer: after listening to our clients and market needs, we now deliver three software editions:

  • EXAGO SMART gives you advanced innovation performance. Based on our US-patented prediction markets algorithm, this platform efficiently gathers your company’s collective intelligence for smarter decision-making;
  • EXAGO OPEN will take your innovation programme beyond corporate walls, effectively engaging external stakeholders;
  • Arriving soon is EXAGO START, a swift innovation software for those taking the first steps into building an idea management programme.

Regardless of how much changes, our goal to help all our clients succeed in their innovation programme remains the same, and just got stronger.