Globally, CEOs act on the critical importance of building innovation into the organizational DNA by incentivizing talent to take risks and spreading innovation skills throughout the enterprise.
European CEOs are stressing incremental innovation for the short-term. They recognize the need to link talent, customers, and outside alliances to drive innovation in their organizations. CEOs in Europe realize that if they do not have a skilled and engaged workforce, they will struggle to be innovative.
In mature economies, we expect to see further moderate economic growth within the next few years. Companies which increase turnover and gains have mastered the balance between reducing costs and specific investment in innovations, profitably expanding their business in the long run.
Innovation ultimately creates higher customer value and contributes to increasing returns for the company.
Based on current insight, gained from applied research and practical experience, we focus on examining a company’s culture of innovation – the most important factor to success!
The focus lies on three product service packages:
At this point we benefit from our knowledge on the topic of Human Capital Management, which is fundamental for the culture of innovation. Particularly noteworthy are the following (german) posts in our Blog:
Leaders bringing their Strategies to Life
Strategy Execution is one of the focus areas at the STRIM group of companies. Our evidence shows that leadership / culture of leadership is key to motivate employees, to innovate and to execute strategy. Therefore [...]
How to boost Business Performance
It is widely accepted that diverse groups generate more innovative ideas than homogeneous ones. There is strong agreement that supportive senior leadership is the most important enabler of innovation. […]
Workforce Analytics on the move
A few days ago I talked to Mike West. Mike has 10+ years of experience building Workforce Analytics from the ground up at companies such as Google, Merck, PetSmart, Children’s Medical, Jawbone and other places. Mike [...]
Components of Collaborative Idea Management
The innovation triangle highlights three components that are essential to establishing a successful and sustainable collaborative idea management process: strategy, culture, and leadership. 1. Strategy Strategy in its broadest definition outlines the direction the company [...]
Strategy Development & Execution
It is striking how much confusion there is between strategy, implementation, and execution. Is “strategy” a matter of making choices about where we want to go, where we play and how we win, of setting [...]