Page 9 - Demo Faces

An innovative ADB
Innovation happens
when it’s woven into the corporate culture. A culture of innovation means
that it’s part of the day to day and embedded into performance assessments and how the success of projects is measured. Chartinganinnovationpath requires thinking outside the box and an ability to see change as an opportunity and not as a threat.
Innovation achievements are celebrated but failures are also examined and openly discussed. The only way people can come up with new things is if they’re not afraid to fail. Innovative organizations have a mechanism to measure failure and a process to identify the conditions of success. Then it’s learning, not failure.
ADB introduced the Brilliant Failure discussion series in 2019, which provides a safe space to share failures and provide learning opportunities. The series signals the culture change happening at ADB.
Peopleinnovatebest
when they are challenged. Challenging sta to innovate has been
proven to be the key to innovation. If tedious business processes hold sta members back, they can’t innovate. Globally, corporates and academic institutions are setting up collaboration spaces for innovation, and some of the most innovative companies are characterized by a focus on merit, knowledge, creativity, collaboration, and ability to think outside the box.
Innovation at ADB—it’s just the beginning
By creating an innovation- friendly environment, ADB is nding new and better ways to meet its mission
to help its developing member countries reduce poverty and improve thequalityoflifeoftheir people. Innovation will grow in ways that re ect ADB’s unique structure and culture, but its e orts are also part of a global wave, with development partners, member countries, and other stakeholders all looking for ways to work smarter and achieve results in a sustainable way. By explicitly acknowledging the importance of innovation, ADB is making it easier for everyone in the organization to play their part and contribute their best e orts to this common aim.
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