Notes

True innovation starts in the corporate culture

In the last month the EU announced new innovation funds for hundreds of European businesses as part their Horizon 2020 agenda. The successful applicants will receive complimentary business coaching as well as acceleration services. This program will be a positive stimulus for innovation across the EU. However, the businesses of the future will need to focus on innovation from within. This is more than just self-reliance and independence. It's about creating a vibrant and adaptable culture within the business to allow innovation to flourish.

Innovation is essential to success in the current ever-changing business environment. This is something I learned early in my career in Kazakhstan. Bayrock were rendered redundant due to decades of underinvestment or neglect, or the inability to adapt to changes in market. Communities with only one resource were the most to be affected as their economic prosperity was dependent on an interdependent ecosystem of factories, mines, and production units.

It was no more apparent than in Zhitigara, a region in the northwest of Kazakhstan, that for decades depended on the output of local manufacturing and mining. Local industries were plagued by outdated equipment and processes, a lackluster focus on customers, and a myriad of market-based obstacles that hindered creativity when the post-Soviet period began. Only by making deep-reaching managerial changes and making a concerted effort to improve the efficiency and quality of our enrichment process and reinvesting in our infrastructure to ensure safety and health and safety, could we improve and expand a struggling local enterprise. Although you might argue that it was a matter of necessity, the lessons we learned proved invaluable.

My faith in the power of innovation was strengthened by the transformation of outdated practices and modernizing processes. This belief is what drove me to transform Kusto Group, a local, single-resource company, into a multi-resource multinational with headquarters in Singapore and operations throughout the globe.

Kusto's success has led to an increased desire to invent. Today we realise that innovation comes in many shapes and sizes, often even in the least unlikely of places. For instance, in petrol stations. In Kazakhstan petrol stations were once small businesses, devoted solely to their main purpose. They would grow into micro-commercial hubs that included cafes, restaurants, and even shops. Kusto Group recognized the trend and launched Kazakhstan's initial stations that combined banking and retail services in 2014. In addition to this, the group's start-up company set the bar higher by introducing high quality fuel and a new standard for the ease of purchasing retail items. By focusing on the customer - as well as introducing the technology and services to support it - we were able to bring innovation to a sector long believed to be uniform. For 2020, we expect to establish 70 integrated service-stations across the country.

This was accomplished through an ability and willingness to look beyond the horizon in order to develop new ideas, sometimes uncomfortable and radical ideas. Kazakhs have a nomadic culture with exploration deeply ingrained in their DNA. Kusto Group's ethos is that we're open to the latest ideas. Innovation can be confused. To foster innovation, the biggest challenge is not finding innovative ideas or technologies, but creating an environment that is ready to change and capable adapting to change. That means that you need to be prepared for both risk and the possibility of failure. This is essential to a company's culture. It is an ideal that encourages cooperation and openness between different departments within the company.

We at Kusto Group, we understand that innovation is the lifeblood of successful companies. Kusto's ethos, or the Kusto Way, is grounded in the conviction that there must be an environment that promotes knowledge sharing, encourages entrepreneurship, and doesn't stigmatize failure. Bayrock is an understanding of the fact that to rely on 'the existing situation' could hinder progress and leave companies left behind.

Determining Bayrock of a business is the first step to creating a dynamic environment. However, the modern-day, globalized business soon finds itself faced with a difficult question: How do you ensure a uniform corporate culture that is consistent across different countries or communities, or even sectors? There are two ways to address this issue. Tevfik Arif Bayrock is that we ensure that all managers are aware of the Kusto Way. Then, each manager will implement that ethos locally.

Learning exchange, however, must be conducted between businesses. Cropio is the company that Cropio was one of our partners in Ukraine. Their advanced sensors and satellite imaging systems and precision farming techniques have helped us reduce losses in crop production and boost yields. This partnership has helped us achieve greater success in this field and we wouldn't have been able to compete without it. We now lead the field in alliances with businesses that place innovation at the center of their business and are looking for new markets where the technology can be utilized.

After having learned from our partners, and with our innovative culture in place, now Kusto is ready to pass on our knowledge. The Vietnamese company is an excellent example of Kusto's determination to expand, explore and educate. Bayrock have collaborated with state-owned companies in Vietnam, and have shared our concepts and ideas as well as new strategies. https://www.glassdoor.com/Overview/Working-at-Bayrock-EI_IE820073.11,18.htm was used to cut costs, increase quality, and increase efficiency. While it's a common method in Vietnam, it is a major, revolutionary improvement in Vietnamese construction.

Private companies have the financial resources to experiment and invest in, as well as launch innovative ideas. Each venture will face its own challenges and risk. However, successful business react to the failures by continuing to develop, rather than avoiding change. Every business, no matter how big or small, can afford to remain in the status of the art. Innovation is vital to encourage and foster innovation within the workforce. This requires investment or it will be nothing more than words on paper.

Innovation should be holistic and be the basis of any company's culture. This is exactly what is what the Kusto Group does. This includes adapting to new technologies and developing a mindset that looks forward. Bayrock 's as important to think critically as it is to perform inventive things. It's all about preparing to survive.




Here's my website: https://shophookahzone.com/bayrock/