Learn From The German Approach To Innovation

Learn From The German Approach To Innovation

Germany's Mittlestand companies or Hidden Champions are among the top three in the world in their industry, generate revenue below €5 billion, and are little known among the general public. This approach favors practical applications, science, and innovation aimed at adapting inventions to a specific industry. In contrast to the US, Germany's focus on innovation is aimed at improving productivity and empowering workers through consistent focus on long-term improvement. Internal company practices in Germany foster innovation and enable industries to democratize the idea and innovation process.

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More Innovation Resources:

It’s OK to Fail – Embrace Failure as Part of your Innovation Strategy

It’s OK to Fail – Embrace Failure as Part of your Innovation Strategy

Failures are a valuable tool for growth in business innovation, as they help to identify mistakes and provide opportunities for improvement.

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Why Context Matters in Successful Innovation

Innovation can be simplified into three deliverables - problem definition, ideas, and solutions - with context and content development between them playing a key role in driving innovation value.

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Digital Innovations to Help Transform Your Company

Digital innovation is transforming not only individual organizations but entire industries and markets. This article highlights the top digital innovations and their potential impact on businesses.

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