Innovation management
ThyssenKrupp House of Innovation
| 5 buildings blocks to strengthen innovation and technology |
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The framework and structure for innovations and technology in the Group is the ThyssenKrupp House of Innovation, whose five virtual building blocks stand for key areas of our development work:
- The first building block is aimed at defining and continually refining our technology strategy. For this we have identified key technology trends that guide our main development efforts and in turn are based on key global trends – from materials and energy to the environment, resources and mobility.
- The second building block involves connecting our experts and focusing their expertise. For this, the exchanges between our subsidiaries need to be further intensified. We have therefore launched the "Innovation and Technology Competency Network", in which managers and experts from the areas of research and development, innovation and technology discuss cross-cutting topics.
- The third building block stands for what is commonly known as 'Open Innovation': Growing our partnerships with universities, research institutes and other companies.
- The fourth building block is about identifying better innovation management structures, processes and methods; here we support the Groupwide use of best practices.
- The fifth building block of the House of Innovation is about innovation culture and involves top management supporting innovations and providing creative space for our engineers and developers.
ThyssenKrupp Innovation Contest
Innovations are the engine of growth and competitiveness. They represent a strategic tool for business success.
ThyssenKrupp Innovation Contest
The ideas of our employees are crucial to the success of ThyssenKrupp. The people who develop ideas and translate them into successful products and services are the most important asset. ThyssenKrupp launched the Innovation Contest in 2000 as an additional incentive to encourage such innovative achievements.
The broad acceptance and popularity of the Innovation Contest is reflected in the ever growing number of entries it has attracted over the years and their high quality.
