WHAT IS CORPORATE INNOVATION?
In an increasingly competitive environment with changing market needs and disruptive startups, organisations are searching for ways to stay relevant and ahead of their competitors.
Enter Corporate Innovation.
Corporate innovation happens when companies inject and implement innovative changes and solutions to their existing business processes and problems. Innovation can be in the form of developing new prototypes or pilots that answers and solves business challenges, or improving existing products and services to remain competitive.
What is a big challenge?
Driving a culture of change and innovation in the corporate sector poses its own set of challenges – such as lack of time and resources to properly plan and support innovative practices, or convincing senior management to buy-in for such initiatives. It can be difficult and risky – but here’s where we come in.