Several
years ago we presented to the phrase of "Doing more with less" buzz.
This term meant the
organizations need cut and better allocate available resources while doing more
and more effective implementation.
However, this phrase was missing something. How do you do more with less when
resources are all used 100%? The answer is the new buzz-but… "Innovation". Innovation management will be the word that all come to
accept as the norm to survive in this market.
As down-sizing organizations to current economic times, they
will lose access to cash and available resources. This will force organizations to embrace the
collective creativity of employees (embracing the employee suggestion box) to find innovative ways to keep production
facilities in execution and new product and services flowing into the
market.
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