Innovation in a cost conscious reality
How do you ensure that your organisation in a cost conscious context is still open to embrace and support Innovation? I observe that with Covid-19 (but also before) organisation are focussing (often for the wrong reasons) on their core and stay away from innovation using ‘cost savings’ as an excuse to kill new ideas. Which is a bit of a paradox as innovation could create much needed new revenue streams and allow employees to co-build the future of the company in a ‘next reality’.
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Earlier this year, I wrote about VkusVill, the Russian supermarket chain that is reinventing the retail industry. The Russian pioneer proves that you can rapidly scale a profitable chain of retail shops by letting frontline employees make all the important decisions. They do this with impressive results; the company is not only growing rapidly (CAGR 40%), it also manages to keep bureaucracy and hierarchy to a minimum, as upper management accounts for less than 10% of the total payroll.
Today marks an important day in Corporate Rebels’ vaunted history: We're embarking on a new adventure to radically shake up the world of work. How? We're launching a new company together with some of the most inspiring workplace pioneers in the world.