Thus, fostering an innovative culture within ST Engineering is continuous; we have an integrated Innovation Framework and have been intentional about jumpstarting our innovation engine, providing failure-tolerant spaces to innovate, and a roadmap for building an even more innovative culture. At the same time, we are investing time into inculcating the above-mentioned Innovation Mindsets with our employees, so they can apply it in their innovation projects and maximise overall innovation proficiency, and that innovation will spark organically from anywhere within the Group.
The journey to building an Innovation Culture for any organisation will certainly be laden with obstacles and challenges, many of which would be unforeseeable. The key is to be resilient and to keep honing the innovation muscle so that it becomes second nature.
As such, it is crucial to put in place policies, processes, structures, and incentives to bolster innovative behaviour. Most importantly, leaders across all levels must excel at driving KPI – that is, Keeping People Inspired!
By Alexander Lau
Vice President, Venture Building & Ventures OpenLab
ST Engineering