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True innovation begins in the corporate culture

The month before, the EU announced fresh innovation funding for hundreds of companies across the continent, in line with their Horizon 2020 agenda. All applicants who are successful will receive free business coaching and acceleration services. This initiative will be an effective catalyst for innovation in the EU. However, the businesses in the future must focus on innovation from within. daniel kunin is more than just self-reliance and independence. It's about creating a vibrant and flexible culture in the company to allow for innovation to thrive.

To thrive in today's rapidly changing world, it is imperative to be innovative. This is one of the lessons I learned from my initial business trip to Kazakhstan. After the fall of the Soviet Union, many once-successful industries became inoperable because of years of insufficient investment or neglect and inability to respond to a rapidly changing market. The hardest hit were single-resource communities that prospered due to a closed loop ecosystem that was interdependent with mines, factories as well as manufacturing units.

This was more evident than in Zhitigara the region of the northwest of Kazakhstan, that for decades depended on the output of local mining and manufacturing. Post-Soviet times saw the collapse of local industries. It was plagued by old equipment, unproductive practices and a lack of attention to customer needs. Additionally, there was a whole host of market-based obstacles that prevented innovation. We were able to turn the tide and develop a failing local company through major management changes. It could be described as in the name of necessity but the lessons learned were a valuable lesson.

I learned from the mistakes of others and learn how they could be improved. daniel kunin kusto group drove me later in my career to transform Kusto Group's local operations into a global multi-resource company with its headquarters in the United States and operations around the world.

Kusto's growth has led to a growing desire to invent. We are now aware that innovation can come in a variety of shapes and sizes, often in the most unlikely of places. Even at petrol stations, for example. In Kazakhstan petrol stations began in small shops which were dedicated to their primary function. As they grew in size, they morphed into micro commercial hubs hosting restaurants, cafes, stores and cafes. Kusto Group recognized this trend and launched in 2014 Kazakhstan's first stations incorporating banks and retail facilities. https://www.nuwireinvestor.com/kusto-groups-yerkin-tatishev-explores-rise-corporate-social-responsibility-emerging-economies/ , a start up by the groups set the standards for easy shopping at the store and a high-quality fuel supply. With a focus on the consumer - as well as introducing the services and technologies to meet their needs - we were able to bring innovation to an industry that was previously thought to be uniform. In the future, we are planning to build 70 fully integrated service stations across the country by 2020.

Key to this early approach was the determination to look beyond the limits and adopt new, sometimes unconventional and uncomfortable ideas. Kazakhs are nomadic people with exploration being a fundamental element of their culture. Kusto Group has a unique philosophy that promotes innovation. However, Yerkin Tatishev is often not understood. Innovation isn't just about discovering new technologies or ideas. It's about creating an environment that allows for the possibility of change and adapts to it. That means that you need to be prepared for both risk and potential failure. The corporate culture of a company is crucial in this. It is an attitude that promotes collaboration and encourages people to learn from each other.

We at Kusto Group, we understand that innovation is the vital ingredient of companies that are successful. The Kusto Way is our ethos. It's a belief that innovation is the heartbeat of successful companies. This is the understanding that relying on 'the status quo' can impede advancement and leave businesses behind.

Establishing a company's culture is the initial step in creating a dynamic work environment. However, the modern, globalized corporation soon finds itself faced with the difficult issue of how do you create a consistent corporate culture across various regions or communities, or even sectors? Our solution to this problem is two-fold: first, we ensure that the Kusto Way is instilled in each manager of our decentralized, flat management structure. Second every manager is able to implement that philosophy locally.

Learning exchanges must however be between firms. We have joined forces with Cropio to enhance our farming practices in Ukraine. They use the latest technology and satellite imaging systems. The partnership has helped us succeed in this industry and we wouldn't have been in a position to compete without it. Instead, we are now leading the field in collaboration with companies that put innovation at the center of their business and are looking for new markets where the technology can be utilized.

Having learned from our partners, and with our unique technology in place, it is Kusto's turn to pass on our knowledge. Our Vietnamese operation is a perfect example of how this works. It's a prime example of Kusto's drive for exploration, expansion and learning. We have collaborated with state-owned enterprises in Vietnam, sharing our concepts and ideas as well as new strategies. Building Information Modelling, or BIM is a very detailed digital modeling that uses high-quality data to help reduce costs, increase efficiency, improve quality and improve quality. While this is a typical procedure in other areas of the globe, it was a major and groundbreaking advancement in Vietnamese construction.

Private enterprises have the funds to invest in, test and roll out new ideas. Every business will face challenges and fail. But, successful companies respond to failure by continuing to invent and adapting to change, instead of staying away from it. No matter how big or small the company and how small, it's impossible to settle into routine. It is crucial to invent and encourage innovation among the workforce. Yerkin Tatishev requires investments.

Additionally The approach to innovation should be holistic and must form the basis of any corporate culture, just as it is in the Kusto Group. https://www.dailyuw.com/ask_the_experts/yerkin-tatishev-s-kusto-group-improving-sustainability-through-technology-is-our-top-priority/article_c2c393e6-5c15-11eb-a8ca-bbd742da85e2.html means adapting to the latest technology and creating a mindset that looks forward. It's not about inventing new things, but about thinking creatively. It is ultimately about survival.


Homepage: https://www.cbinsights.com/investor/kusto-group
     
 
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