Christopher

Christopher

  • 16 years in diffe­rent manage­ment posi­tions at Bayer AG (in the end as CFO)
  • Focus: finance (corpo­rate and struc­tured), Eastern Europe and digital stra­te­gies
  • Realised start-ups that were awarded several times (among others, “start-up of the week“ award)

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Typical star­ting point of client

  • Client (turnover around 300 million Euros, 4000 employees) has esta­blished processes for mana­ging employee inno­va­tion, which, however, do not lead to the desired results (reduc­tion of realized inno­va­tions from 12 to 1 in a few years)
  • Chal­lenge: How can employees be involved more in inno­va­tion processes and how can the inno­va­tion cycle be acce­le­rated?

Inno­va­tive approach

  • Online questi­onn­aire to analyse the proble­matic fields in the inno­va­tion manage­ment process
  • After 14 days, 3 core fields became appa­rent: (1) feed­back loops take too long, (2) incen­tives are too little (time factor) and (3) formal requi­re­ments are too complex as initial thres­hold
  • Solu­tion: Using a company inno­va­tion app avail­able to all employees world­wide via smart­phone
  • Having entered an inno­va­tive idea (maximum 600 charac­ters), the idea provider rates his idea by using 5 prede­fined KPI and sends the idea to 5 colleagues for evalua­tion (colleagues that do not have exper­tise in this field can forward the idea to 5
    new colleagues instead of rating it)
  • If a crucial amount of posi­tive evalua­tions is obtained within 14 days, the idea is forwarded to an inno­va­tion manager who finally rates the idea and submits it to a deci­sion-making body

Typical effect/result

  • Within the first 3 months, more than 1000 sugge­stions for inno­va­tions were submitted
  • More than 280 of these sugge­stions advanced to an inno­va­tion manager and more than 90% of those were fina­lised
  • Most of the ideas were submitted on Sunday after­noons, around arrival and depar­ture time to/from the office and after lunch break (so-called dead times)
  • The total costs of the project were amor­tized by the first 5 inno­va­tions
Christopher

Christopher

  • 16 years in diffe­rent manage­ment posi­tions at Bayer AG (in the end as CFO)
  • Focus: finance (corpo­rate and struc­tured), Eastern Europe and digital stra­te­gies
  • Realised start-ups that were awarded several times (among others, “start-up of the week“ award)

Want to get to know Christopher?

Get in contact

Still curious?
There is more to see here:

All impulses