Merck KGaA, Darmstadt, Germany is a leading science and technology company in the sectors of healthcare, life science and performance materials. In this interview, Dr. Christoph Huels, Chief Innovation Officer at Merck KGaA, Darmstadt, Germany, discusses entrepreneurial thinking, strategy, ecosystems and culture in the digital era.
Are you trying to transform something? Most of us are. In fact, data shows that at least 68% of organisations have moderate to significant transformations in their 2-3 year plan. In this short talk, Penny Weller, Senior Director at the Hackett Group, talks about continuous process improvement and strategies to create sustainable transformations and improvements your business and in the world around you.
Which companies are ensuring their place in the future? Definitely not those sticking to conventional models in work organisation or in structuring and running their businesses. As evolution teaches, the ability to adapt to environmental changes, such as the ones we experience in the corporate world, determines who has a better chance of thriving. So, is your company’s DNA set to evolve?
Transformational innovation for many businesses is inherently complex and, in many cases, high risk. It can be a big distraction, expensive in terms of cost and resource bleed from other key activities, must be managed carefully and will frequently not be successful. This article explores some key factors to work with when looking for transformational innovation.