Innovation

A Culture of Innovation

Innovation is the driving force behind progress and sustainable growth. For the Heitkamp & Thumann Group, innovation has always been at the center of its corporate philosophy and entrepreneurial activities. The group puts its trust in a culture of innovation that continually calls on all participants to think again what already exists and to search for new solutions.

At Heitkamp & Thumann Group, innovation is managed decentralized by each Business Area in order to align the innovation strategy with the respective overall strategy.

HOW DO WE DEFINE INNOVATION AT HEITKAMP & THUMANN

Strategic Innovation Management at Heitkamp & Thumann

Innovation is the process of making changes, large and small, radical and incremental, to products, technologies, processes, business models and services. These changes need to result in something new that adds value to our customers.

At Heitkamp & Thumann, our strategic innovation management approach is based on three main elements:
•    a market-oriented innovation funnel (see figure below),
•    a customized portfolio management approach and
•    interdisciplinary teams using industry-proven innovation methods to drive a variety of different types of innovation projects.

This ensures a balanced and strategically aligned innovation pipeline and a sustainable contribution to a profitable, learning and ambidextrous Heitkamp & Thumann Group.

As our mission statement underlines: 'Innovation creates our Future'.