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Impact Innovation

What if big impact came from simple ideas?

Palladium believes that innovative thinking is key to addressing the world’s toughest problems. We foster innovation within our own company by bringing together ideas from the public and private sectors. This cross-pollination of ideas has led to the application of business strategy best practices to government organisations, enabling them to better serve their constituents; the application of information technology solutions to healthcare interventions, enabling better decision-making in resource-poor settings; and the application of financing mechanisms adapted from the private-sector to the development context, complementing traditional sources of funding.

We are also committed to fostering innovation outside our company. We teach other organisations how to capture the most value from their innovation initiatives, and we catalyse and support innovators through mechanisms like innovation challenge funds.

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Successful implementation of an innovation strategy is a team sport, not just the responsibility of the research and development department. It requires active collaboration of multiple units—including R&D, marketing, operations, finance, and customer service—that often find it difficult to work from the same page. That is why creating and agreeing to objectives and metrics is so powerful for aligning the organisation around the execution of an innovation strategy.

Robert Kaplan