How to foster innovation in a remote-working world

Collaboration is a key ingredient of innovation in any workplace. While working remotely can cause hiccups in the normal process among teams, companies can still stay nimble and creative. At the recent Fast Company Innovation Festival, a panel discussion presented by PepsiCo featured senior executives from leading companies offering advice on building a culture of creativity when your workforce goes virtual. Here are five key takeaways from that event. (Some quotes have been edited for clarity.)

1. Think transformation, not iteration As the pandemic spread across the globe, many companies adjusted their plans, but it became clear very quickly that tweaking wasn’t going to be enough. Companies needed to reimagine their business and build and adopt new capabilities—quickly—all while their teams worked remotely. Companies now need to understand the changes that entire industries are facing and how they can provide consumers with the solutions they are seeking.

“The challenge is to remain nimble,” said Ram Krishnan, global chief commercial officer at PepsiCo. “It’s hard to predict the post-pandemic world, but remote work works . Our objective is to preserve and continue to enable speed and agility in a post-COVID world.” Krishnan pointed out that throughout the pandemic PepsiCo has […]

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