KARDEX
endurance testing and other digital engineering capabilities .
Entrepreneurship is the fourth pillar , instilling a mindset where each innovation feels like “ founding a new company .” Engineers must justify their funding requests based on business potential , not just technological merit , ensuring that investments are made in projects with clear market value . This entrepreneurial approach encourages engineers to think critically about the business impact of their work and to continuously seek the next round of funding based on demonstrated progress and achieve value .
The fifth pillar is fostering a culture of risk-taking and learning from failure , which is essential for innovation . Kardex strives to create an environment where it is acceptable to say , “ this idea doesn ’ t work , and we should stop it ,” even after significant investment . This approach prevents resources from being tied up in unviable projects and encourages a focus on promising initiatives . Seeing setbacks as new opportunities is one of Kardex ’ s core values and is embedded in its DNA .
Data management is the sixth pillar , as “ what you can ’ t measure doesn ’ t exist .” Transparent and accurate data is critical for communicating progress and making informed decisions . By tracking key performance indicators and other metrics , Kardex can demonstrate progress and ensure alignment with its goals .
The final two pillars involve restructuring the organisation and processes to support these changes .
This includes building new organisational structures and processes to facilitate faster and more efficient development cycles . Additionally , the Technology department aims to cultivate an entrepreneurial spirit and risk-taking attitude across the entire company , not just within the R & D department .
Still challenges to overcome Kardex Technology Unit ’ s transformation has brought with it many challenges – such as convincing
152 October 2024