For large firms, the accelerating pace of digitalisation in modern business bears both opportunity and risk: On the one hand, it can be a source for significant growth. On the other hand, even small start-ups can quickly disrupt established core markets for big players. This makes innovation power a crucial factor for business success – and forces big companies to re-evaluate the way they organise innovation. Konica Minolta’s innovation approach is one of the best practices referenced in Capgemini Consulting and MIT Digital’s new research on “The Foundations of Corporate Innovation in the Digital Age”.
Innovation is a core virtue for Konica Minolta, from well before the digital era: for more than 140 years of its existence, the company has never stopped pushing the boundaries of technology for its customers.
Capgemini Consulting and MIT Digital’s report identifies three factors for a successful organisation of innovation in large corporations: the right innovation architecture, the right innovation sources and the alignment of the right capabilities. Konica Minolta’s innovation architecture spans the globe with its five Business Innovation Centres (BICs) on different continents. Their mission is to gain a deeper understanding of customers’ needs and deliver the greatest value by anticipating them, serving as core engines of growth for the company.
With regard to innovation sources, Konica Minolta believes that collaboration is a key driver for success. Therefore, it pursues an “open innovation” process, working together with clients, partners, independent research facilities and universities, to develop new offerings in the areas of The Workplace of the Future, Augmented Vision, Wearable Devices and Innovation as a Service. The BICs are the catalysts for change and success to deliver Konica Minolta’s future offerings. Finally, innovation is deeply anchored in the company’s culture of constant transformation, encouraging teams to take on its challenges:
The full report is available here:
About Konica Minolta Business Solutions Europe
Konica Minolta Business Solutions Europe GmbH, based in Langenhagen, Germany, is a wholly owned subsidiary of Konica Minolta Inc., Tokyo, Japan. Konica Minolta enables its clients to champion the digital era: with its unique imaging expertise and data processing capabilities, Konica Minolta creates relevant solutions for its customers and solves issues faced by society. As a provider of comprehensive IT services, Konica Minolta delivers consultancy and services to optimise business processes with workflow automation and implements solutions in the field of IT infrastructure and IT security as well as cloud environments. Konica Minolta was awarded the prestigious “Buyers Lab PaceSetter award for Smart Workplace Vision” from Keypoint Intelligence” as the only vendor in its industry thanks to its forward-looking vision of the future of work and investment in innovative technology. Being a strong partner for the production and industrial printing market, Konica Minolta offers business consulting, state-of-the-art technology and software and, in 2017, was the production printing market leader for the tenth consecutive year in Europe, Central Asia, the Middle East and Africa (InfoSource). The hardware portfolio covers light and mid production as well as industrial printing machines. Konica Minolta Marketing Services provides value added services that intelligently link print and digital marketing in an effective and efficient way. In the healthcare sector, Konica Minolta drives digitalisation of clinical workflows and offers a broad range of next-level diagnostic solutions. Through its Business Innovation Centre in London and four R&D laboratories in Europe, Konica Minolta brings innovation forward by collaborating with its customers as well as academic, industrial and entrepreneurial partners. Konica Minolta Business Solutions Europe is represented by subsidiaries and distributors in more than 80 countries in Europe, Central Asia, the Middle East and Africa. With almost 9,900 employees (as of April 2018), Konica Minolta Europe earned net sales of over EUR 2.37 billion in financial year 2017/18.
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