By actively implementing a culture of innovation, we ensure the future viability of our products and added value for our customers. This is why innovation is one of our core values and an integral part of RENOLIT’s corporate strategy. We aspire to be an innovation leader in our industry and have more than 4,700 employees working towards this goal every day.
Freedom to think outside the box
The RENOLIT Innovation Contest is a global innovation initiative which invites all employees around the world to contribute ideas to strategically important topics for the future and to develop them further. The aim of the contest is to use our collective expertise to create new opportunities for the future. The contest takes place during set times and revolves around a specific topic.
Using strictly defined criteria and experienced selection teams, all of the submitted ideas are evaluated and selected on a step-by-step basis. The five best ideas are taken forward and developed further by interdisciplinary teams. Supported by a personal coach, they receive helpful training on methods and tools as part of an innovation camp. At the grand final, the teams present the designs they have worked on to the jury who then announce the winning team.
The key topic in 2018 was “digital opportunities” that help us to understand our customers better, make our production processes more efficient and to expand the services we offer. A total of 1,039 proposals were submitted, the most promising of which were then developed further.
We made some livelong friends
International, multicultural, interdisciplinary and always on an equal footing: The story of the RENOLIT Innovation Contest.
The Future Factory is an incubator in which particularly promising business ideas are validated and further developed. Here, creative concepts that go beyond the core business are given space and resources, allowing them to be driven forward in a market-oriented, corporate and creative manner. Internal project managers are strongly supported in collaboration with external experts and institutes in order to determine market and commercial potential quickly.
Practically relevant and of high future benefit to our customers
RENOLIT promotes its employee suggestion scheme using the L.E.D idea initiative. Unlike existing approaches, the focus here is on transparency and open dialogue: Employees are involved in the decision-making process and can see where their ideas are in the chain at any point. So RENOLIT gets better step-by-step, every day.
Make knowledge available and share it
We aspire to be an innovation leader in our industry. The success of our innovation management is demonstrated by the great variety of innovations which we have brought to market maturity in the last few years.