During the crisis period we have been facing for two years, from the coronavirus pandemic, war, inflation, and even recession, improving company performance more than ever depends on the more creative problem-solving of its employees. Therefore, it is time for organizations to seriously start teaching their people about innovation, concluded the round table on innovation held during the 14th Global Peter Drucker Forum in Vienna, in honor of the Austrian writer and management consultant of the same name.
Data shows that 80 percent of companies are not ready for innovation, but why is that? Annika Steiber, director of the Rendanheyi Silicon Valley Center, sincerely believes that when innovating themselves and their companies, strategies are not enough – it is necessary to have the right mindset. Companies that fundamentally change the world as we know it have innovation written in their ‘DNA’, believes Steiber, and creating a previously non-existent market is their main role.
– The problem with innovation is that there is never an impact analysis. I think we should demand much more from impact analysis, as part of corporate and social responsibility, and the government should regulate this – said Steiber.
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– Innovation is adding value to your customers. To gain new value, every part of your company must unite. You don’t need innovation centers; you only need people with the right mindset who are motivated to innovate – concluded Lalit Karwa, head of TCS PACE Europe.
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