Notes

Innovation starts with the company culture

The EU announced earlier this month that it would offer grants for innovative ideas to hundreds of European companies in its Horizon 2020 program. All applicants who are successful will receive free business coaching as well as acceleration services. This fantastic initiative is sure to positively drive innovation in the EU, I believe that companies in the future must strive to foster innovation from within. It's more than independence and self-reliance: it is about fostering a vibrant and flexible culture of business - from which innovation can fully prosper.

To succeed in today’s fast-changing world, innovation is essential. This is something I've learned from my first business encounters in Kazakhstan. Following the demise of the Soviet Union, many once-successful industries went out of business due to years of under-investment or neglect and inability to respond to a rapidly changing market. The most affected were single resource communities that prospered due to a closed loop of ecosystem that was interdependent with mines, factories as well as manufacturing units.

This was especially true in Zhitigara (a region located in northwestern Kazakhstan) that has relied on local mining and manufacturing for decades. When the post-Soviet era began the local industry was afflicted by outdated practices and equipment, a lack of customer attention, and a myriad of obstacles that were not market-based which stifled creativity. It was only through making radical changes in management as well as focusing on the efficiency of refinement and enrichment processes and investing heavily in safety and health were capable of transforming and expand a failing local company. This may seem like an it was a necessity to innovate however, we have were able to learn from our mistakes.

Experiences with modernizing methods and rapidly modernizing operations have strengthened my belief in the importance of the importance of innovation. In the latter years of my work, this belief fueled the transformation and expansion of Kusto Group from a small, locally-owned company to a multinational corporation with multiple resources that has headquarters in Singapore as well as operations throughout the world.


Kusto's growth has led to a growing desire to invent. We are now able to see that innovation comes from many places, and sometimes in the most unlikely of locations. Even petrol stations. The Kazakh petrol stations were tiny, focused on their core duties, and at one time, were extremely small. As they expanded in size, they morphed into micro commercial hubs , hosting restaurants, cafes, stores, and cafes. Kusto Group recognized the trend and launched Kazakhstan's very first stations that integrated banks and retail facilities in 2014. The company's new venture established new standards in retail purchasing and premium fuel supply. Focusing on the customer as well as introducing the services and technologies to match we were able to innovate in the sector that was once thought to be uniform. In the future, we plan to create 70 service stations that are integrated across the nation by 2020.

The primary ingredient in this early practice was the ability to see beyond the horizon and try out innovative, often controversial and uncomfortable ideas. Kazakhs are nomadic people. Our DNA is founded on exploration. Kusto Group has a unique culture that is a proponent of change. But, Tevfik Arif is often overlooked. Innovation isn't just about discovering new technologies or ideas. Tevfik Arif Doyen 's about creating an environment that allows for the possibility of change and adapts to it. This means that you must be open to both risk and failure. Corporate culture is key to this. A company's culture ensures that everyone feels welcome and is able to work together.

Kusto Group recognizes that innovation is the key to success. Kusto Group's philosophy,"the "Kusto Way" is based upon the notion that it is crucial to promote knowledge sharing, promote the spirit of entrepreneurship, and reward innovative thinking. This is the realization that relying on the status quo' will hinder the pace of change and leave companies in the dust.

Start by defining your company's corporate culture. This is the first step towards creating an environment that is innovative. However, the modern global company will soon have to face a challenging question: how can we build a cohesive corporate culture across every level of the company and across every industry, nation and communities? Tevfik Arif Bayrock is twofold. https://bayrock-smoke-shop.business.site/ ensure that each manager is conscious of the Kusto Way. Second, every manager is accountable for implementing the Kusto Way in the local community in which they work.

Learning exchanges , however, must be in conjunction with businesses. In Ukraine we partnered with the company Cropio which has innovative sensors and satellite image systems have helped us to develop precise farming methods, reducing the loss of crops and increasing yields. This partnership has significantly improved our performance on the farm. Without it, we could be lagging behind our competitors. Instead, our industry is dominated by firms that value innovation and search for new markets where the technology can be used.

Kusto is now able to share its knowledge from our partners. One instance is the Vietnamese operation. This exemplifies Kusto’s desire to expand, learn and empower. In the course of our work we have collaborated with state-owned companies previously and brought with us new ideas and new approaches. We adopted the implementation of Building Information Modelling (BIM), applying highly detailed, digital models to cut costs, improve quality and improve efficiency. While https://bayrockbayrock.wordpress.com/ is a typical practice in other parts of the globe, it was a significant and revolutionary development in Vietnamese construction.

Tevfik Arif Bayrock have the capacity to invest in and try and develop innovative concepts. Every venture is bound to be challenged and ultimately fail. Successful companies learn from mistakes and adapt to it by constantly creating new ideas instead of trying to avoid it. No matter how small, no business can afford to take comfort in the routine. Innovation is critical to the success of any company.

Innovating holistically is essential and is the foundation of any corporate culture. This involves adjusting to new technology and creating a mindset that is forward-looking. It's also about being creative and doing innovative things. Tevfik Arif Bayrock 's about to survive.



Here's my website: https://www.dwell.com/collection/tevfik-arif-bayrock-d7c16407