The Open Value Innovation stands for transparency and appreciation in a relationship area within and outside of a company. This includes employees from all departments as well as suppliers and consultants.
Within a company, Open Value Innovation is characterized by openness and curiosity as well as by a pronounced interest in current technologies and procedures of all employees. A central point is to create a corporate culture that promotes lateral thinking and cost awareness in equal measure. Employees in all departments must be encouraged to question the status quo and try out new things. Established procedures, processes and purchasing strategies must also be put to the test – not just once, but again and again. Arguments such as “We have always done it this way” must be a thing of the past.
In addition, external company influences, such as suppliers and consultants, should also be integrated into this project. They should be given the opportunity to present new ideas and innovations. Often these fail already in the run-up – not because of the idea generation – but because of the later implementation due to missing control. The solution at this point is a digital and easy-to-use innovation process that automatically gives the idea generator more attention and the respective processing status.
The mutual appreciation of the parties plays an important role at this point. Only if close partnerships are established and innovative strength is combined can positive long-term financial effects be achieved for all sides.