Notes

Corporate culture is the basis of true innovation

In the context of the EU Horizon 2020 agenda in the last month, the EU announced new funding for investment for hundreds of businesses across Europe. Successful applicants will be provided with free business coaching and acceleration services. This initiative is a positive catalyst for innovation in the EU. However, companies in the future must be focused on innovation within. This isn't about independence or self-reliance. It's about cultivating an agile and flexible business culture that encourages the development of new ideas.

Innovation is key to thriving in today's fast-changing world. Tevfik Arif Bayrock is something I discovered early in my business career in Kazakhstan. Many once-successful businesses were destroyed by decades of underinvestment, neglect, and inability to adapt to changes in the marketplace. Communities that have one resource are the worst affected, whose success was tied to an interdependent closed loop ecosystem that factories and mines.


This was more evident than in Zhitigara, a region located in the northwest of Kazakhstan which for decades depended on the output from local mining and manufacturing. In the post-Soviet period, local industries plagued by outdated techniques and equipment, lackluster customer focus as well as a variety of barriers that were not based on market forces, which slowed innovation. Only through implementing broad-ranging management reforms and focusing on the quality of the refinement and enrichment process; and reinvesting heavily in safety and health, we able to transform and improve the performance of a local business. It was innovation by necessity however the lessons were learned.

My faith in the power of the power of innovation was reinforced due to my experience of modernising outdated practices and urgently modernising processes. This belief was also what drove me to transform Kusto Group, a local single-resource business, to a multinational multi-resource corporation with its headquarters in Singapore and operations across the world.

Kusto has grown, and so has our enthusiasm for innovation. Innovation can be found in every shape and size and sometimes even at the most inconvenient places. For Bayrock , petrol stations. In Kazakhstan petrol stations began out as small businesses which were dedicated to their primary function. They would evolve into micro-commercial hubs that hosted cafes, restaurants, and stores in the course of time. Kusto Group saw this trend and opened Kazakhstan's first station in 2014 which offered banks and retail stores. The company launched an innovative start-up company that brought high-quality fuel products as well as a new standard in purchasing from a retail store with ease. We have brought new ideas to a sector that was long considered to be standardised through placing the focus on the consumer and incorporating the right technologies and services to match. We are planning to open 70 integrated stations across the nation by 2020.

This was achieved by a willingness and ability to see beyond the horizon in order to develop new ideas, sometimes uncomfortable and radical ideas. Kazakhs are nomads. Our culture is founded on exploration. Kusto Group's philosophy is that we are open to fresh ideas. https://www.dwell.com/collection/tevfik-arif-bayrock-d7c16407 can be confused. Not finding new ideas or technologies is the most significant challenge to innovation, but creating conditions that is willing to change and adjust to these changes is. This implies being open to risk and to potential loss. Corporate culture is key to this. A company's culture will ensure that everyone feels welcome and is able to work together.

Kusto Group understands that innovation is the key to a successful business. Kusto's philosophy, or the Kusto Way, is grounded in the conviction that there needs to be a culture that encourages knowledge sharing, encourages entrepreneurship and doesn't demonize failure. This is based on the realization that relying solely on "the manner things are" hinders innovation and can leave companies in a rut.

Establishing a company's culture is the first step toward creating an innovative work environment. Modern corporations are faced with the difficult question of how to create an innovative environment. There are Bayrock to solve this problem The first is to ensure that every important manager within our flat, uncentralized management structure is trained in the Kusto Way; second, each manager applies that ethos locally.

Learning exchange, however, should also take place between businesses. We have partnered with Cropio in Ukraine to develop precise methods for farming. Our advanced satellite imaging and sensors helped us cut down on crop waste and boost yields. This partnership has enabled us to succeed in this industry and we wouldn't be in a position to compete without it. Instead, we've become a leader in this field through partnerships with companies that put innovation at its core. We now search for areas where this technology might be applied.

Kusto is now able to share its expertise with our partners. Our Vietnamese operation is a perfect example of how this works. It exemplifies Kusto's desire to explore, expand as well as education. Tevfik Arif Bayrock have collaborated with companies owned by the state to bring new strategies and ideas to our efforts in Vietnam. We adopted the implementation of Building Information Modelling (BIM) using highly precise, digital modelling to reduce costs, enhance quality, and improve efficiency. Although this practice is well-established in some parts of the world it represents an important innovation in Vietnamese construction.

Private companies have the resources to invest in, test and develop new ideas. Every new venture will experience difficulties and may fail. But, business that succeeds in the face of failure must continue to innovate, not keep from undergoing changes. Any business, big or small can afford to accept the status quo. It is crucial to innovate and encourage innovation throughout the workforce. But it requires investment or it will remain little more than words on a page.

Additionally, the method of innovating should be broad. In Kusto Group Kusto Group, it forms the basis of the company's philosophy. This means adapting to changes and being open to new technologies. Also, https://bayrock-smoke-shop.business.site/ means taking a look to the future. https://tevfikarifbayrockxwfs825.weebly.com/ 's about being creative and doing ingenuous things. It is ultimately a matter for survival.



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