FICCI Launches Innovation Summit 2019: A platform to create the culture of Innovation

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NEW DELHI, 31 October 2019: Federation of Indian Chambers of Commerce and Industry (FICCI) today announced the launch of its maiden platform, the Innovation Summit 2019. The summit is designed in an innovative manner to start a dialogue about innovation in multi-faceted dimension from an organizational culture standpoint. The Innovation Summit 2019 will culminate with a two-days conference in New Delhi on November 25 & 26 (register here).

Mr Dilip Chenoy, Secretary General, FICCI said, “FICCI has been in the forefront of triggering meaningful conversations around Innovation. To be able to weave in India’s growth story and realize its true potential, it is important that we consistently innovate our products, processes and business models.  We are extremely excited to launch this initiative which talks about creating the culture of innovation in organizations through our FICCI HR Committee.”

Mr Rajeev Dubey, Chairman, FICCI HR Committee & Group President (HR & Corporate Services) & CEO (After-Market Sector) Member of the Group Executive Board, Mahindra & Mahindra Ltd. said, “We are living in the age of disruption, powered by the forces of technology, globalization, demographics and climate change. In this perennial gale of creative destruction, the key to sustained business outperformance is Innovation. Regardless of the size, geography or sector in which an organization operates, Innovation is key. Innovation doesn’t just mean new product development but entails the entire value chain and organizational culture – and culture is nothing but the way we behave in everyday life, especially as we go about taking business decisions.”

He further added, “This organizational culture is driven by leadership at all levels and is created by the way the organization designs and operates its HR levers. How can the HR Levers be aligned with the changing business needs, so that Innovation becomes a way of life and is embedded into the company’s DNA? Innovation Summit – 2019 invites you to come and participate in what will be the single destination for Innovation aficionados of India INC and its global counterparts, in times to come.”

Culture is key to success of an organization. However good may be the strategy, without a culture to internalize and execute, the success would be far from reality. Therefore, it is said that ‘Culture eats strategy for breakfast’. In today’s time and space, the culture of innovation is what organizations look to embrace, to inspire the ecosystem, innovatively translate ideas into action.  Innovation is a key ingredient in most organization’s secret sauce 79% (*) of the organizations specifically mention innovation as a key value for where the organization’s future lies. When we researched 5 of the most innovative organizations, we found HR and Sales & Marketing as key contributors and stakeholders in building and driving innovation.

(*) as per FICCI Report on India Innovation climate 2017.  

 

Innovation Summit 2019:

The summit has been conceptualized by FICCI HR Committee and will focus on 3 key tracks:

a) Organizational Design and Capability building to Create a Culture of Innovation

b) HR Technology – Cobots & Humans Driving Innovation

c) How a culture of equality and inclusiveness drives Innovation

The unique design and pedagogy of the Summit is anchored on inputs drawn both from well-known subject matter experts, as well as the participants themselves through a Large-Scale Interactive Process (LSIP), using state-of-the-art technology enablers. This will help participants experience Innovation real-time through an experiential and agile learning environment, which is designed to foster peer learning and trigger conversations that will bring about the desired change at their workplaces from the viewpoint of culture, design and capability.

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