Marel Q1 2024 Investor Presentation from May 8, 2024
Stealth innovation is not a solution
1. STEALTH INNOVATION IS NOT
A SOLUTION
For additional information about Innovation
please visit www.InnovationGrow.com
2. www.InnovationGrow.com
When you are trying to implement an innovative culture or an
innovation process it can be difficult work with or without unanimous
support.
There is always going to be conflict when you are trying to change a
process or business function that has been adapted to whether or not
the innovation is seen as better or not.
Taking a collective approach to innovation may seem difficult at first but
it is the only way that it will truly be able to affect change.
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3. www.InnovationGrow.com
Innovation in practice is not something that one person or a team can
enforce on the rest of the business with much effectiveness. Working as
a team with all of the other departments will give the innovation
process a better chance at succeeding.
Stealth innovations or attempts to change the standard operation
without discussion and agreement can cause more conflict and actually
hurt a company.
The discussion and implementation of the innovative culture and
process then can to be open. Empowering all of your employees and
staff members to contribute and rewarding their contributions will
increase the likelihood of them coming onboard with your innovation
plans.
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4. www.InnovationGrow.com
Although innovation can lead to breakthroughs and industry changing
concepts, the balance of iterating on what works and creating
completely new products or services is something that all companies
have to keep in mind.
Without the cooperation of the entire organization a single person
trying to innovate on even the simplest business function will be met
with disapproval.
By instead creating an innovation process that enables all of the
employees to contribute and encourages team innovation for the
betterment of their working conditions and the company, all of the
solutions that are created can be given a proper chance to succeed.
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5. www.InnovationGrow.com
Developing an innovative process will allow anyone at any level of the
organization to take an idea to a workable concept and then have the
ability to test the idea to ensure traction before presenting to the
company.
This process doesn't have to be hidden and will benefit from the input
of the people that it will affect.
By encouraging executives to see the ideas through a defined testing
process without initial judgement your company will benefit from
blockbuster ideas that only a few could see succeeding. This process
will also limit the downside of implementing ideas that aren't worth
further resources.
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6. www.InnovationGrow.com
The concept of a stealth innovator or stealth innovation creates a sense
of deceit and hidden agendas.
If your innovation process is out in the open and gives staff members
the resources and time to test any of their ideas you will benefit from
the collective creativity of everyone in your company.
The best solution is one that adds to your bottom line and inspires your
staff to contribute their ideas to your company instead of your
competition. By empowering the staff with resources and a defined
process you can accomplish just that.
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7. GROWING BUSINESS WITH INNOVATION
For additional information about Business Innovation
please visit www.InnovationGrow.com