Leadership is undoubtedly a critical piece of the business innovation puzzle. In fact, a recent study showed that the highest performing companies centralise their innovation strategy in upper management, meaning it is often those at C-level who push for innovation within a company. But being a great leader isn’t enough if you hope to succeed in the coming year.
To mark Exago’s 11th anniversary, we have put together our clients’ pieces of wisdom to truly bring innovation together. This is lesson 5.
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).
Merry Christmas and a brilliant 2019 from the Exago team!
Once the go-to strategy for ensuring business efficiency and growth, in the context of the current reality, Lean Management has been branded by some as being outdated. But, in a more evolved form, this business approach has in fact shown that it can complement Innovation Management when it comes to company operations, and could be the answer for businesses to remain competitive in today’s world.