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The Path to Success: The Importance of CoE and Innovation Hubs for Organizations

From Idea to Reality - The Role of CoE and Innovation Hubs in Driving Growth and Competitiveness A Center of Excellence (CoE) and an Innovation Hub are two distinct concepts in the business world, although they share some similarities and often overlap in practice. Both aim to drive innovation and growth in an organization, but they have different goals, structures, and methods. Understanding the difference between a CoE and an Innovation Hub is crucial for businesses that want to adopt effective strategies for innovation and competitiveness: A Center of Excellence is a specialized unit within an organization that focuses on a specific area of expertise. The purpose of a CoE is to consolidate the knowledge, skills, and resources of [...]

By |2023-10-17T16:45:22+05:30March 30, 2023|Blogs, CoE|Comments Off on The Path to Success: The Importance of CoE and Innovation Hubs for Organizations
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The Secret of the Centre of Excellence (CoE) – 1

The secret of ensuring long-term success through the Centre of Excellence  The Centre of Excellence today means ethical accountability, social responsibility and environmental stewardship. To win in the Asian century, CoEs need to position themselves for success in a volatile era, building new capabilities to address technological transformation and the threat of climate change. These challenges mean CoEs in Asia and beyond. We need to be ready to thrive in a radically different landscape. Perform at their highest level, maximize the diverse talent potential, and successfully navigate a complex and constantly evolving world. So start your journey towards the CoE. According to research by Brookings, millennials account for one-third of the world's workforce, and their representation in the labour market is [...]

By |2023-10-17T16:47:41+05:30March 30, 2023|Blogs, CoE, Technology|Comments Off on The Secret of the Centre of Excellence (CoE) – 1
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Why do Organizations need a Centre of Excellence (CoE)?

Building a futuristic Centre of Excellence has become mandatory for every organization to achieve one critical objective called 'PROBLEM SOLVING.' The world of work was profoundly affected by the Pandemic. In addition to the threat to public health, the economic and social disruption threatened the long-term livelihoods and well-being of millions. The Pandemic has heavily affected labour markets, economies and enterprises, including global supply chains, leading to widespread business disruptions. Moreover, the calamity has lasting effects, accelerating existing trends: The adoption of new technologies A rethinking of global supply chains The rise of well-connected oligopolies The World Ahead 2023 consider the interlocking challenges facing the world: the war in Ukraine, high food and fuel prices, the fight against inflation, the transition to renewable energy, and China's uncertain post-pandemic path as [...]

By |2023-10-17T16:48:56+05:30March 30, 2023|Blogs, CoE, Technology|Comments Off on Why do Organizations need a Centre of Excellence (CoE)?
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What is a Centre of Excellence (CoE)?

'Centre of Excellence is a place where the highest 'Excellence' or 'Standards' are maintained.'  The Pre and Post Pandemic era has dramatically accelerated the digitization of many industries as the brick-and-mortar, in-person processes relied on for so long became suddenly unavailable. In particular, it increased the adoption of digital channels by older generations to complete transactions and agreements. This transformation is changing digital customer demographics and expectations. To maintain a competitive edge, organizations must not only embrace digital transformation; they must also find ways to leverage and develop an ecosystem more effectively along with their peers. The current disruptions in the world: The coronavirus pandemic has turned the working world upside down, with millions of employees re-evaluating the place of [...]

By |2023-10-17T16:50:10+05:30March 30, 2023|Blogs, CoE, Industry Thought Leadership, Technology|Comments Off on What is a Centre of Excellence (CoE)?
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Why do organizations need a Centre of Excellence (CoE)?

Centre of Excellence - A struggle for Excellence in an ever-changing and dynamic world. Organizations strive to 'excel' at the ordinary standards strengthened by the clarity of corporate vision.  Access to expertise is more critical than ever in any organization. "Rising Inflation, Hybrid work model, supply-chain disruptions, labour shortages, and dynamic consumer behaviours are the high-impact events which are on top of mind for every C-level and the CEO. According to market research, "The CEO's top priorities to achieve by 2025 are growth (overall scaling and expansion), workforce (expert hiring, talent retention, and diversity, equity & inclusion ), technology (digitization, e-commerce and cybersecurity), and corporate (redefining strategy, restructuring, and M&A). Most notably, the 'workforce' has become the top priority [...]

By |2023-10-17T17:00:08+05:30March 30, 2023|Blogs, CoE, Industry Thought Leadership, Technology|Comments Off on Why do organizations need a Centre of Excellence (CoE)?
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