Case Study

Nomura Innovation Challenge 2022

Innovation Management

Why are some enterprise companies able to become and remain visionary through multiple generations of leaders, across decades of accelerated digitalization? They know how to constantly reinvent themselves to stay ahead of new market expectations, while staying focused on what they do best.

Here is a concrete example of Nomura leveraging Agorize software for innovation management to achieve this.

Global finance group Nomura wanted to leverage its collective internal intelligence to identify new digitally-powered solutions that boost its productivity and employee satisfaction.

To achieve this, they decided to use Agorize’s end-to-end innovation management platform.

Download the case study to find out how this leading finance group successfully empowered employees from more than 7 countries to participate in their hackathon. And which outcomes their efforts resulted in.

What is Agorize?

Agorize is the most comprehensive innovation management platform, supported by a team of experts and community of innovators. For over a decade, we’ve been providing technology powered by a community of 5 million innovators to foster change and accelerate innovation. Our clients and partners worldwide crowdsource, evaluate and develop solutions from startups, employees, developers and students using Agorize. We’ve helped over 300 global enterprise companies in Europe, North America, and Asia Pacific, including Enterprise Singapore, Huawei, Microsoft, LVMH, PepsiCo, Bayer, Schneider Electric, Hitachi, L’Oréal and many more by running their innovation programs.

What is intrapreneurship?

Intrapreneurship refers to the idea of entrepreneurship within an existing organization. Entrepreneurship is often defined as the creation of a new business or idea that comes with great risk and great reward if successful. Intrapreneurship is considered less risky because it takes place within an established environment. However, that environment also limits the autonomy of the intrapreneur. Promoting and boosting intrapreneurship has many benefits. Not only can it contribute to business growth and revenue, it also improves employee satisfaction and retention and talent acquisition of those with an entrepreneurial mindset.

What is an internal challenge?

An internal challenge, or internal competition, is a competition organized within a company to engage employees in finding new innovative solutions. Much like any innovation challenge, it includes clear objectives, problem statements and rewards. When done right, an internal challenge will have multiple positive impacts on the organization. Not only will engaging employees on relevant business challenges lead to accelerated crowdsourcing, development and implementation of solutions that increase business growth and revenue. It will also foster a company culture of continuous improvement, increase employee satisfaction and retention and attract new talent to the company.

More resources

Article: What is intrapreneurship and why is it important?
Whitepaper: Open Innovation and employer branding
Whitepaper: Overcoming the unexpected with the help of your employees

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