Ideas can change the world but only when there is a program in place to source, develop and bring them to fruition. CoreNet Global, the leading professional association for corporate real estate (CRE), recently bestowed JLL with the 2016 Professional Excellence Award for its Innovation and Product Development Platform (IPD), placing JLL once again in the running for the coveted Global Innovator's Award (GIA).
"Ideas are everywhere, but they can be challenging to corral, validate and bring to fruition," said Doug Sharp, President, Corporate Solutions, JLL.
However, JLL's Innovation and Product Development platform, an exclusive corporate real estate collaboration and crowdsourcing program, faces this challenge head-on by fostering fresh thinking that brings ideas to life. The platform, combining both proprietary technology and JLL's leadership team with the collective brainpower of all 60,000 employees, drives sustained and disruptive innovations that help JLL better serve its clients.
Innovation workshops, idea campaigns or other special programs, such as JLL's internal Da Vinci competition, serve as the springboard for innovative solutions. Each year, JLL leadership from around the globe selects the most impactful ideas from hundreds of employee submissions and recognizes the solutions, such as those of Da Vinci Platinum winners, that will best serve the firm's clients through improved productivity, increased cost savings and enhanced services.
In the past three years, JLL has seen more than $150 million in cost savings across its client base and an estimated 20 percent productivity improvement through 35 new solutions and 1,500 best practices. Capturing fresh thinking through the IPD results in clients realizing ways to control costs, manage or mitigate risks, promote sustainability and optimize their property portfolios.
The IPD platform is the latest of JLL's innovation and technology initiatives to earn recognition. Recently, the company was named to the 2016 InformationWeek Elite 100, marking the fifth consecutive year that the company was named to the list of top business technology innovators in the United States.
"This recognition validates our approach and motivates us to continue to uncover new ways to deliver value to our clients," Sharp says.
Learn about innovation from within, and how properly leveraging external tools can assist you in bringing it all together as one.