Internal Innovation Competition
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Foster real change that involves the individual and evolves the organization.
DESCRIPTION
Innovation is an often misunderstood term, especially in the context of our businesses that over the best part of the previous century were more focused on being machines of efficiency, rather than houses of innovation. Now, more than ever, as a new digital era arises, innovation is taking a renewed center stage. Every company needs to look at its untapped innovation potential, nurture it and help it grow; to design its own processes and mechanisms that will encourage people to try new things, and establish an organizational culture that enables it to translate innovative activity into tangible performance improvements and novel services for its users.
HOW WE DO IT
Found.ation has designed a competition-format mechanism that enhances the culture of innovation and creates a path for ideas to become prototypes that can then be converted to projects. Employees across the organization can apply in the competition and take part with innovative ideas and projects focusing on key areas and real problems of the company. After a careful selection, the top participants take part in a bootcamp and an innovation lab where they are taught methods that help them convert their ideas to real projects and understand the concepts of service design and customer experience.
KEY POINTS
Create and nurture an open culture of trust that pushes for trying out new things, and embraces failure as part of the process of innovation.
Run an activity that not only empowers employees to take initiatives but also educates on important concepts of service design & user experience.
Identify, develop and push forward new ideas generated from within the organization and convert them to novel services or products.
