Benefitting all of our stakeholders
Innovation initiatives are expected to improve the prospects for the organization that invests significant time, energy, and resources to bring those initiatives to life. However, to measure the resulting improvements such as savings, efficiencies, and sustainability, it is best to assess how those benefits are shared or passed on to the organization’s stakeholders.
When we evaluate innovative ideas, a significant part of our evaluation process is to determine how many of our stakeholder groups would be positively impacted by each innovation that is brought to the table. With multiple critical stakeholders to consider, including our clients, our employees, our strategic partners, and the communities that we serve, we are constantly seeking ideas that positively impact our entire value chain.