Hallo Innovator! Exago Smart innovation management software is now in German

Exago Smart innovation management 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.

German users in any organisation can now navigate the platform in their mother tongue. Thanks to Google Translate API integration, multinational organisations who adopt Exago in several languages simultaneously can also have immediate content translation, promoting collaboration across different countries and cultures.

Adaptable to specific innovation processes and workflows, Exago Smart was built for inclusive collaboration and to make innovation grow in large enterprises. It facilitates idea management and ensures sharper results with a patented, smart crowd selection mechanism based on prediction markets.

Besides German, Exago’s most advanced product edition is available in English, French, Spanish, Italian, Russian, Romanian, Portuguese and Brazilian Portuguese versions.

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. For instance, in the European Union they represent 99.8% of all enterprises, where they generate 60% of GDP, and provide 70% of employment in the private sector.

Yet, such a fundamental role is only possible if SMEs are able to continue reinventing themselves in order to innovate actively and remain relevant.

First suggested in 1931, the theory of innovation dynamics proposed by the founding father of innovation, Joseph Schumpeter, is more fitting now than it has ever been: the generation of new ideas and ways of doing is imperative for economic growth. All organisations, no matter how small or large, are facing challenges today that were unheard of only a generation ago.

Trade liberalisation and the movement of financial capital, paralleled by the information and communication technology development, have accelerated this trend exponentially.

This means that companies must decide wisely, fast and continuously how to invest and use an array of new methods and technologies while fighting to compete on a global stage.

According to Schumpeter, the only way to respond to this growing competitive business environment is to develop an economy based on innovations, knowledge and educated people. And nowhere is this fight to succeed more marked than in medium-sized companies.

Why then do medium enterprises still fail to innovate? We’ll see that next.

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

Learn more about the The 4 myths keeping medium enterprises from innovating here

Exago unleashes the force of ideas through an ideation workshop

Because we know how powerful collaborative innovation can be, the Exago team took part in an ideation workshop to align ideas for the next evolution of our organisation’s roadmap.

Playfully named ‘The Force Awakens’, the aim of the ideation session was to unleash the force of our people’s ideas in order to find the best solutions for internal challenges.

The workshop followed the design thinking model, with a focus on user experience (UX), whereby members from different departments were split into separate teams to gain full benefit of their multidisciplinary knowledge and experiences.

Once some of the challenges were defined, and after a brief ‘cerebral warm-up’ to help generate ideas, the teams first completed divergence exercises to generate a large amount of ideas, followed by convergence exercises that involved a clustering session and final idea selection.

Through this co-creation, more ideas were brought to the fore. The session also fostered a feeling of teamwork and collaboration, helping Exago improve its future roadmap and involving all employees in the process.

Why your idea management programme is so helpful for strategic cost-cutting

As business models are being challenged, organisations need to be 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 define the areas of improvement clearly and separate the good costs from the bad at both micro and macro levels. Innovation managers can, and should, lend a hand to address this shared challenge.

A well-structured innovation management programme for strategic cost-cutting and improvement is useful to get employees identifying ground-level enhancements, with several additional advantages:

BUILD A COST-CONSCIOUS CULTURE
Involving employees and challenging the organisation’s cost and waste culture will help you develop a cost-conscious culture for a more sustainable business approach. Keep cost optimisation as a strategic priority, even when there is no immediate pressure on costs;

AN ONGOING AND RESILIENT PROCESS
Having your cost-cutting and improvement strategy embedded in your innovation management programme will bring you continuous results, building a sustainable process and putting more robust and flexible foundations in place before introducing transformational initiatives.

EASILY UNCOVER BAD COSTS AND INEFFICIENCIES
Engaging and empowering everyone in the organisation, from shop floor to top management, will expose inefficiencies that would not usually be identified in a typical consulting diagnosis project. Your employees know more about your everyday business than anyone else, so tapping into their knowledge and efficiently getting everyone involved in signalling cost improvements will deliver interesting results for your strategy;

MORE DIALOGUE AND ENGAGEMENT
With effective and transparent communication regarding cost cuts and improvements, companies can face less resistance from employees and more easily ensure business management support. It can also bring higher employee engagement, as more frequent interactions are needed between finance and the operating managers and between managers and teams to keep costs aligned with business and to track results.

Strategic cost-cutting is, however, never blind cutting. It is in fact a method to accelerate the discovery of new and more effective ways of doing business, at a lower cost, which is even more relevant in difficult times. On the whole, it should be seen as a way of questioning how we do things – even why we do them – , exploring new innovative routes and building the foundations of tomorrow’s growth.

 

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

Get to know the Five Steps to Introduce Cost-cutting in your Innovation Agenda here

Exago named one of the 10 Most Creative Gamification Solution Providers of 2018

Exago is proud to be distinguished as one of “The 10 Most Creative Gamification Solution Providers 2018” by Insights Success. The magazine highlights how the Exago gamified innovation platform solves business challenges by creating a collaborative and innovative culture, while rewarding and recognising participants.

In a special issue dedicated to the top 10 winners, Insights Success says that the innovation software house “gives everyone a voice through innovation platforms and combines the wisdom shared to help organisations build the next big thing on the horizon”. Using “points, scoreboards and digital currency rewards to take participation to the next level and engage all professionals”, it also “encourages learning for intrinsic purposes and fosters collaborative innovation as a whole”.

Interviewed by Insights Success, Exago’s CEO Diana Neves de Carvalho explains how the gamified innovation software can harness companies’ collective intelligence to tackle key challenges, while bringing about increased efficiency, productivity and higher satisfaction at work.

Also featured in the top 10 list is Contest Factory, a platform that is transforming customer engagement, and Funifier, a provider of engagement solutions for companies to increase performance results.

Reaching out to managers, consultants, C-level professionals and HRs of various industries, Insights Success focuses on both emerging and established fastest-growing companies, their confrontational style of doing business and the way in which they deliver effective and collaborative solutions to strengthen market share.

Get to know the 2018 winners here.