Lanxess hosts innovation round table
31/10/2013
Dr Paul Wagner, head of the innovation and technology group at Lanxess, said: “This network offers a great opportunity to enter into interdisciplinary dialogue on innovation management and learn from the experience of others.”
Participants included representatives from the automotive, food, insurance, logistics and media industries, and from business consultancies, banks and communications providers.
The theme of the meeting in the Lanxess Tower in Cologne, Germany, was “Culture of Innovation” and topics included identifying creative potential and implementing innovations swiftly and in a targeted way.
Lanxess uses various tools to promote ‘innovation’, including an online platform where employees can post their ideas. There is a system for recognising outstanding performance by researchers and external specialists are involved at early stages to assess the feasibility of ideas.
“We now have a culture of innovation at the company which encourages everyone to find innovative solutions, take on responsibility, dare to simplify and thus accelerate progress,” said Mr Wagner.
Research expenditures per year at Lanxess have doubled since 2008, rising from EUR 97 million to 198 million. It is currently involved in 203 research partnerships and has eight research centres.
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