Innovation has become a core focus area for all successful organizations. To ensure long-term survival, an enterprise must make innovation part of day-to-day business, thus enabling desired revenue stability and growth. Two major forms of innovation exist: Business Model Innovation and Technology Innovation. Both require the change of existing business processes or the development of new business processes. Business Process Innovation is a key success factor for the next generation enterprise. Companies need to create an environment that encourages and enables process innovation.

“At the intersection of disruptive and accelerated change in the environment with globalization, business leaders around the world are trying to embrace change and incorporate innovative business models in the basics of their businesses.”

Dr. Mathias Kirchmer