A culture of innovation helps set companies apart in a digital-first economy

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Adopting an innovation culture that emphasizes agility, adaptability, resiliency and creativity is essential for business success

Mark Hickman is the managing director for Sage in Canada, a leader in accounting, financial, HR and payroll technology for small and medium-sized businesses.

In addition to the operational benefits, innovative cultures can help businesses attract and retain top talent. Unfortunately, fostering an innovation-first culture can be difficult for many organizations. Cultivating a culture of innovation through programs that empower workers with digital fundamentals is a good place to start.

For example, at Sage we approach product development through the lens of ‘Marketecture’, which involves taking solutions and adapting them to meet market- or vertical-specific challenges. We do this to bring together multiple perspectives from across our teams, as well as our customers, to understand how we can help businesses within a specific market address their distinct situations.For many employees, their days are consumed by tedious and repetitive administrative processes.

Businesses should consider implementing clear guardrails that lay out roles and responsibilities across teams and simplify the ideation and approval process to move ideas to the next stage of development. Likewise, teams should adopt in-person or digital forums where employees can share feedback and brainstorm ideas to accelerate the development of innovative ideas and solutions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Private company helps alleviate staffing shortages in Newfoundland hospitalsCanadian Health Labs (CHL), a Toronto-based private company, quickly recruited nurses from outside the province to provide temporary help for understaffed health care facilities in Newfoundland. This infusion of skilled expertise helped prevent service cuts and temporary closings of emergency rooms, but came at a heavy cost.
Source: globeandmail - 🏆 5. / 92 Read more »