It has been reported that the think-tank of Ayala Corporation, one of the biggest conglomerates in the country, helped the company's growth.

Its chairman and CEO Jaime Augusto Zobel de Ayala said in a speech that the said division, named Ayala Innovation, helped drive the conglomerate's growth. Recently, Ayala has invested in healthcare, education, e-commerce and financial technologies.

"Innovation and inclusiveness are not just within the purview of small companies. In fact, in light of today’s volatile times, I believe that conglomerates, given their sizable capabilities, can accelerate industry competitiveness and inclusive development through innovation," Zobel de Ayala told the participants of the Inclusive Innovation Conference just last week.

The following statements from Zobel de Ayala confirmed that they know very well what innovation is. "Innovation should serve a clear purpose. Innovation should address a problem or an unmet need—whether to improve business efficiency or to increase the affordability and accessibility of essential products and services to meet a broader segment of the population," he added.

This is a proof why your company should have its own think-tank - a group of innovators - to grow it. Innovate or perish - this is the new game for companies and organizations alike.

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