乐鱼(Leyu)体育官网

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Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That鈥檚 why 乐鱼(Leyu)体育官网 LLP established its industry-driven structure. In fact, 乐鱼(Leyu)体育官网 LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

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Innovative spaces: The next frontier for Big Ideas

In an always-shifting workplace, where teams meet to collaborate is an increasingly important key to meaningful innovation.

Innovators thrive on the unconventional: The breakthrough, counterintuitive Big Ideas that regularly challenge the 鈥渨ay we鈥檝e always done it鈥� mindset in search of new and better products, processes, and ways of working.聽

But while the who, what, and how of innovation get a lot of attention, where people collaborate and innovate has become every bit as important. And, in today鈥檚 persistently hybrid, multilocation workplace, reimagining that where聽can be a breakthrough innovation of its own.

The truth is, where teams meet to collaborate and innovate has been steadily changing for years, and not simply because of the pandemic, as we detailed in our recent report, 鈥�2023 乐鱼(Leyu)体育官网 Benchmarking Innovation Impact,鈥� which surveyed innovation leaders at 216 companies across a wide range of industries. The increasing sophistication and prevalence of digital collaboration tools have promised no end of innovation acceleration; but those promises are still taking shape and remain largely unfulfilled, as our report notes.聽

Successful innovators today are harnessing the best advantages of hybrid collaboration while still making time for old-fashioned in-person connections. And that doesn鈥檛 mean sequestering teams in some old-fashioned outdated office space, as we at 乐鱼(Leyu)体育官网 learned firsthand in our own innovative collaboration with Monumental Sports & Entertainment (MSE).聽

Unconventional thinking changes the game

Making space for innovation

Much like the changing dynamics of the overall workplace, any remaining debate over where teams innovate risks missing the point: The workplace has been transformed鈥攂y forces that were in motion well before the pandemic speeded things up鈥攁nd where and how teams innovate is following suit.

Even amid back-to-the-office mandates, some mix of hybrid, multilocation work is here to stay. And that extends to the innovation team. Indeed, 81 percent of the respondents in our innovation benchmarking survey say their teams now collaborate in a hybrid model, with another 13 percent saying they are fully virtual. (And nearly half said that hybrid approach was true even before the pandemic.)

One important trend we saw in our survey was to clearly define a collaboration space to fit the changing workplace. For example, 57 percent of respondents said they have at least one dedicated innovation space (regardless of whether people are attending physically or virtually), and 63 percent of them are using their space at least once a week.

Among the key benefits we heard from respondents in this new hybrid collaboration approach:

1

Ease of communication and access to more team members via remote tools.

2

Ability to recruit from a larger and more diverse talent pool.

3

More time and energy, and not bound by office-hours restrictions (鈥渃reativity does not run on a clock,鈥� as one respondent noted).聽
Still, challenges remain. Specifically, access and engagement with leadership, which has traditionally been a top barrier for innovation teams in general.

Thinking outside the luxury box

Even as innovators adjust to the new realities of the workplace鈥攁nd spending less time physically together鈥攐ur 乐鱼(Leyu)体育官网 teams have also seen an increasing demand from our innovation clients for at least some in-person sessions.聽

While virtual works well for smaller, shorter meetings, more than half of the larger innovation initiatives we have led for clients over the last year have included in-person sesseions. Whether that鈥檚 due to 鈥渉ybrid fatigue鈥� or just nostalgic instincts for the value of meeting face-to-face, it鈥檚 challenged our 乐鱼(Leyu)体育官网 teams to rethink our own ideas about innovation spaces鈥攁nd specifically, our 乐鱼(Leyu)体育官网 Ignition Centers.

乐鱼(Leyu)体育官网 Ignition Centers are immersive, multisensory physical spaces that curate innovation experiences for clients using a combination of talent, environment, and leading practices. We strive to continually innovate our innovation space. And we found a great, counterintuitive, 鈥渉iding in plain sight鈥� opportunity to do just that in the past year in a unique collaboration with MSE.聽

MSE鈥檚 Capital One Arena in Washington, DC, hosts the company鈥檚 professional sports teams (NBA Wizards, NHL Capitals) as well as concerts and other events. Minus sports and events, though, it鈥檚 a dynamic space that goes relatively unused over the full 365 days, 8,760 hours a year. And that 鈥渄own time鈥� presented a real chance to innovate.

So, we worked with MSE to transform one of the arena鈥檚 mega-suites into a state-of-the-art 乐鱼(Leyu)体育官网 Ignition Center, open full-time and year-round to host client innovation sessions of all types.聽

The suite鈥檚 modular and movable functionality create a unique room design for each business session, fully equipped with advanced technology. A central video wall displays stories and demonstrations to facilitate discussions. Interactive screen displays are scattered throughout the room to showcase relevant visuals during meetings. Plus, video-streaming enables people to join sessions from anywhere.

As Ted Leonsis, MSE鈥檚 founder, chairman and CEO noted: 鈥淭aking a suite normally used to host clients to watch Capitals and Wizards games and innovate within it鈥攂ringing customers into an environment that鈥檚 unexpected and creating a destination to engage people to think differently 鈥攊s such a big idea.鈥�

As Ted Leonsis, MSE鈥檚 founder, chairman and CEO noted:

Taking a suite normally used to host clients to watch Capitals and Wizards games and innovate within it鈥攂ringing customers into an environment that鈥檚 unexpected and creating a destination to engage people to think differently 鈥攊s such a big idea.

Ted Leonsis

MSE founder, chairman and CEO

The personal touch

In an ever-more digitally connected world, we believe that in-person collaboration continues to play a critical role in successful innovation. Sure, virtual collaboration tools have their own unique superpowers as well. But both our clients and internal stakeholders say that the 乐鱼(Leyu)体育官网 Ignition Center experiences are uniquely energizing and productive in ways that virtual simply cannot replicate.

Distraction-free sessions encourage robust collaboration and teamwork, while shared access to advanced tools and data can deliver real-time insights that would take weeks in a virtual-only model. The key, though, is to establish the unique expectations and goals that drive successful in-person innovation. Our 乐鱼(Leyu)体育官网 teams focus on these five steps:

1

Meet with purpose

2

Include the right people

3

Integrate technology strategically

4

Leverage the space to create a more meaningful experience

5

Extend the value of the physical interaction

Explore more insights and opportunities around innovation:

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