Businesses today face pressures from numerous fronts. Globalization is spreading aspects of business geographically apart. Industries are converging and new ones are created simultaneously. Buyer driven economy faces unpredictable demand and shorter product and service life cycles are imposing challenges to keep pace with accelerating markets. It is clear that for organizations to grow they have to do many acts of business differently to cope up with new changes in business environment. In short, the viability of an organization depends upon innovation.

All businesses have few people on which they depend greatly to deliver innovative ideas. But this dependency increases as the business grows and does not remain scalable. The result - the whole business suffers.

At BMGI, we believe all people are creative and it is only their style or approach to creativity that varies. So while we encourage you to take advantage of your “creative geniuses,” we also partner you in understanding innovative capabilities that other people of your organization have and help you in leveraging innovation through designing and developing innovation capability across the entire enterprise.

We believe design and innovation is a process and there are many tools not taught in traditional institutions that offer great insights. Our comprehensive approach to design and development of innovation capability concentrates on –

Growth is the number one priority for many CEOs who would like to leverage local and global opportunities to take their companies to a new level of scale and performance. This requires a culture of innovation which can sustain long term growth. The challenge of sustaining long-term growth is daunting - data from US companies show that roughly 90% of companies have failed to sustain growth over the long term. The data for Indian companies may not be too different – names such as Reliance, Bharti, Infosys, Wipro, Tata Consultancy Services etc. have all been created in the last three decades.

Many companies depend on mergers and acquisitions to drive growth. Yet, it’s been discovered that most M&A efforts not only fail to enhance growth, some actually erode shareholder value. The other primary method of promoting growth is known as organic growth. However it is a slow process and requires a lot of effort to sustain the initiatives which might bear fruit in future. Organic growth encompasses a wide variety of methods companies use such as introduction of new products and services, increased customer satisfaction etc. But the record so far is not so impressive. In fact, approximately 75 per cent of new products introduced by established companies fail to deliver in the marketplace. And, although it’s more difficult to quantify but many companies are grappling to find the cause of such high rates of failure. They are increasingly trying to understand concept of innovation, what it means to them and how exactly it contributes to their growth.

At BMGI we define Innovation as the act of generating more value for the customer by capturing the innovation capability of business, build a scalable model of innovative culture and deliver innovation in various forms such as new products/ services faster and better than others in the market place. We firmly believe that by understanding the critical factors of growth it is possible to raise innovative capabilities inside the organization and deliver innovation when the organization needs it to sustain growth and we have delivered results by using this concept to our clients.

Historically, managers tasked with driving growth through innovation have faced a risky and unpredictable road. At BMGI, we believe that this is because the critical variables that impact growth and ways to link it to drive innovation had not been previously articulated. However, enough data is now available to draw viable conclusions about how to successfully accelerate growth through innovation as well as how to mitigate the risks associated with unstructured innovation.

By leveraging the keys to innovation, organizations can sustain growth through a process that is repeatable, predictable and sustainable. Such an approach is accomplished through the development of a balanced innovation portfolio, high performance teams and a culture for innovation. Also required is a process for innovation projects and a variety of tools and techniques that can help companies realize their results from innovation. Global companies such as P&G, Apple, Goldman Sachs and several Indian companies like Marico, Bharti, Tata Group and Reliance have commenced their journey to make innovation a core part of their operating culture.

Successful companies must not only manage and improve present performance but also create the future. They have to find a balance between innovation and present performance. BMGI’s Innovative Performance Excellence approach helps organizations excel at both through a combination of methodologies and systems such as problem solving skills, enterprise process management, change leadership and design and development of innovation capability.

While methodologies seek to solve problems within existing processes using data and analysis, Innovation and Strategy strives to solve problems using out of the box thinking and a more flexible approach. Applying both systems enables companies to optimize current performance and plan for future growth and success.

BMGI has a strong track record in imparting innovation in organisations. Our clients form the basis of our innovation delivery today. To cater various aspects of innovation capability BMGI offers following innovation services:

BMGI’s innovation team will work with you to design an innovation approach that will drive growth in your organization. To speak with one of our experts,call BMGI.