Notes

Corporate culture is the basis of true innovation

In the last month in the month of April, the EU announced fresh innovation funding for hundreds of companies across Europe, in line with their Horizon 2020 agenda. Successive applicants will receive free business coaching, as well as acceleration services. This initiative will be a positive catalyst for innovation in the EU. But, businesses of the future need to focus on innovation from within. This is not about self-reliance or independence. It's about creating an agile and flexible corporate culture that promotes the development of new ideas.

To be successful in today's fast changing world, it is imperative to be innovative. This is one of the lessons I learned from my first business experience in Kazakhstan. Following the demise of the Soviet Union, many once-successful industries became inoperable because of decades of under-investment or neglect and inability to respond to a changing marketplace. The most affected were single resource communities whose prosperity was linked to a closed loop of ecosystem of interdependent mines, factories as well as manufacturing units.

This was truer than in Zhitigara. Zhitigara is a north-western Kazakhstan region that relied for decades upon local mining and manufacturing. As the post-Soviet period began the local industry was afflicted with outdated equipment and practices and a lack of consumer focus, and a series of market-based barriers which stifled creativity. We were able to transform and develop a failing local company through major management adjustments. You might say it was innovation by necessity however the lessons were learned.

My faith in the power of innovation was bolstered by my experience of modernising outdated practices and urgently modernising operations. That same belief inspired me later in my career to transform Kusto Group's local business into a multinational multi-resource corporation that has its headquarters as well as operations across the globe.

https://investor.com/rias/bayrock-financial-305467 has led to an increased desire to invent. We now realize that innovation comes in many forms and often in the most surprising of locations. Even at petrol stations, for instance. Kazakh petrol stations were tiny and focused on their primary duties, and were once tiny. They would become micro-commercial hubs which housed cafes, restaurants and even stores as time passed. Kusto Group recognised this trend and was the first to open Kazakhstan's first stations in 2014, with banks and retail capabilities. Additionally the group's start-up company increased the standard by introducing premium fuel and a new way to make shopping. Our ability to innovate in a sector that was thought to be standardised was possible by focusing our efforts to the customer as well as introducing new services and technologies to support it. We intend to open 70 service stations which will connect across the country by 2020.

The first approach to Kazakhs was based upon a desire to think outside the box and to implement new ideas, often controversial and uncomfortable ideas. Kazakhs have a nomadic culture that is deeply embedded into their DNA. The Kusto Group is open to change. https://realtybiznews.com/what-happened-to-tevfik-arif-and-bayrock-groups-trump-soho/98760463/ is our philosophy. Innovation is often not understood. Innovation isn't about discovering innovative technologies or concepts. It is about creating an environment that can accommodate the possibility of change and adapts to it. This means that you must be open to both risk and potential failure. The corporate culture of the business is vital in this regard. It should create an environment that fosters collaboration, where different parts of the organization can learn from each other.

At Kusto Group, we understand that innovation is the heartbeat of companies that are successful. Kusto Way is an ethos which recognizes the importance in creating an environment that fosters the sharing of knowledge, promotes innovation and encourages entrepreneurial spirit. It's a recognition of the fact that companies can be left behind if they rely solely on 'the present situation'.

Establishing a company’s corporate culture is the first step towards creating an innovative working environment. The modern business that is globally oriented will soon be faced with a difficult issue how can they establish an environment that promotes a common corporate culture across all countries, communities, and sectors? There are two ways to solve this problem. The first is to make sure that all managers are aware of the Kusto Way. Then, every manager will be able to implement that ethos locally.

The exchange of knowledge must however, occur between organizations. Bayrock have partnered with Cropio in Ukraine to create precise methods for farming. Our state-of-the-art sensors and satellite imagery helped us decrease the amount of crop wasted and improve yields. This partnership has greatly improved our performance in the field. Without this partnership, we could have been a step behind our rivals. Instead, https://www.charlesbridge.com/pages/fiona-bayrock lead in this field through partnerships with enterprises that place innovation at the center of their operations and are seeking new markets in which this technology may be applied.


Kusto is eager to share the wisdom we've gained from our partners. One example is our Vietnamese operation, which illustrates the company's ambition to explore expanding, grow and educate. We have collaborated with state-owned enterprises in Vietnam, sharing our ideas and new approaches. Building Information Modelling was used to lower costs, enhance the quality of construction, and improve efficiency. Although this practice is well-established in some parts of the world it represents an important step forward in Vietnamese construction.

Private enterprises have the funds to invest in, test , and launch innovative ideas. Tevfik Arif Bayrock is subject to risks and is bound to face challenges. The most successful businesses react to failure by remaining open to new ideas, and not attempting to stop changes. No matter how small businesses cannot afford to remain in the same old. Innovation is essential to the success of a business.

Additionally, the method of innovating should be broad. For the Kusto Group, it forms the basis of the company's philosophy. Tevfik Arif Doyen means adapting to changes as well as being open to new technology. Also, it means looking to the future. It is not about inventing something and thinking up new ideas, but rather thinking creatively. It's all about of survival.



Homepage: https://realtybiznews.com/what-happened-to-tevfik-arif-and-bayrock-groups-trump-soho/98760463/