Generating Innovation - Dimensions - Article - V1 I1
A world leader in small hydropower systems and engine cooling pumps, Gilkes built a long history of success based on proven products. In 2013, executives recognized that, to maintain leadership, product innovation was needed. By building in-house expertise in engineering simulation, the company is re-inventing its product line, both quickly and cost-effectively. This successful 162-year-old business has a few lessons for other companies targeting major innovation.