Build innovation into your business functions to unlock new growth opportunities
Here’s a difficult truth that large organizations rarely deal with: operational efficiency cripples innovation.
Traditionally, operational excellence focuses on streamlining processes in the organization to lower costs, increase margins, and boost revenue.
This approach is fundamentally different from operational innovation which focuses on creating and implementing new ways of working and achieving results.
To produce results, the two types of operational strategies require distinct methods:
In their quest for efficiency, large organizations sometimes end up:
- Building the wrong products and services in an efficient way
- Efficiently targeting the wrong audience and stalling growth
- Efficiently using their resources in an unprofitable way.
If you realize your organization is great at managing but you’re still not getting the results you aim for, operational innovation can help you get unstuck.
Think of software giant Adobe whose stock grew by 140%
over two years. Their digital transformation process resulted in industry-defining products that set them them apart from their competitors.
This is a clear example of how operational innovation can put you on the path to growth for the next decades. Innovate with us