These are times of transformation, amid major challenges posed by climate change, a shift toward sustainability, digital transformation, globalization, biological transformation, changes in modern travel options (“mobility”), changing logistics, changes in the future of work, even changes in how we organize our work – all backdropped by a need to preserve peace, freedom, and democracy. These are gargantuan challenges, and they place tremendous pressure on society and businesses to change and shape the future themselves. The solution to all this can be summarized in three words: Innovation. Innovation. Innovation!
And it’s disruptive and radical innovation we need most – not the usual incremental innovation. To cope with these challenges, make companies future-proof, and allow for continued expansion, we need much more in the way of innovation. Let’s remind ourselves: An innovation is only complete when a great idea becomes a reality and adds value.
And for this to happen, we need people in society and at companies with personalities to set innovations in motion and implement them – in open-ended, fast-moving situations, taking all circumstances into account, in such a way that we shape the future ourselves – sensibly, responsibly, still ensuring that the maximum possible degree of value is added.
With master programs for junior executives in particular, our Steinbeis-University – where students carry out innovation projects for their partner companies – paired with transfer services from science to the entrepreneurial world reality, the Steinbeis Foundation makes a valuable contribution to shaping a sustainable future of the companies.
“WHO INNOVATES TODAY, HAS A FUTURE. WHO WAITS FOR THE FUTURE TO INNOVATE HAS NOT MUCH TIME LEFT.”
I wish you every success in shaping the future, and inspiration in the here and now when reading this edition of TRANSFER magazine.
Prof. Dr. Werner G. Faix is director of the School of International Business and Entrepreneurship (SIBE) at Steinbeis University and deacon of the faculty of Leadership and Management at Steinbeis University.