esco receives TOP 100 award
Award-winning innovation: esco GmbH engineering solutions consulting has been awarded the TOP 100 seal 2021. This seal is awarded to leading SMEs in innovation. esco previously proved its innovative strength as part of a scien-tific selection process.
Prof. Dr. Nikolaus Franke and his team assessed esco's innovative strength on be-half of compamedia, the TOP 100 innovation competition organiser. Researchers carried out this assessment using around 120 test criteria divided over five categories: innovation-promoting top management, innovation culture, innovative processes and organisation, external orientation/open innovation and innovative success. At the core of these criteria is the question of whether innovation is a result of a systematic process or merely a product of chance. In other words: are a company's innovative achievements reproducible? The researchers also look at whether and how the re-spective solutions are received on the market. Due to the current situation, this year’s competition also featured a special section which examined how the company reacted to the coronavirus crisis.
esco is at home in the “gearing, gearing tools and precision cutting tool“ sector, making a name for itself in particular in the area of “integrated solutions for automat-ed production and quality control”. Since being founded in 1993, esco has been working on the innovation process as an ongoing challenge. Innova-tive strength is at the centre of the company's actions. “Our colleagues are innovators, through and through. With excellent professional expertise, a systemic attitude to-wards process chains and an une-quivocal thirst for innovation, they work tirelessly in pursuit of set tar-gets. And their success is reflected in an extraordinarily high number of repeat customers,” explains Marion Süßmilch, Managing Director.
The entire automotive industry – a key sector for esco – has been faced with some stark changes as a result of the mobility revolution. When it comes to e-mobility, the new recipe for success in flexible gearing is “power skiving”. “The most recent innovative success for esco is the development of a system solution for the design, production and QA of high-precision, high-performance power skiving tools,” explains Kenneth Sundberg, member of the Executive Board for Marketing and Sales.
“The TOP 100 seal is awarded to those that demonstrate a high degree of innovative strength and above-average innovative success. We're proud to have been awarded the seal. This award represents recognition of the efforts of the entire esco team,” says Dietmar Ernst, Managing Director.
Prof. Dr. Nikolaus Franke, Chief Scientist for the TOP 100 award, is impressed by the outstanding SME. “The TOP 100 companies have been constantly striving towards being as innovative as possible,” he says.
And there will be one more occasion to celebrate later on in the year. On 26 November, all award winners of the current TOP 100 will come together to receive the con-gratulations of Ranga Yogeshwar at the 7th Deutscher Mittelstands-Summit [German SME Summit] in Ludwigsburg, Germany. The scientific journalist has been supporting the innovation competition as a mentor for ten years.
TOP 100: the competition
compamedia has been awarding the TOP 100 seal to SMEs that demonstrate extreme innovative strength and above-average innovative success since 1993. Scientific leadership of the company has been at the hands of Prof. Dr. Nikolaus Franke since 2002. Franke is the founder and chairman of the Institute for Entrepreneurship and Innovation at the Vienna University of Economics and Business. With 25 research awards and over 200 publications, he is one of the world’s leading innovation researchers. Scientific journalist Ranga Yogeshwar is a mentor for the TOP 100. Project partners include the Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung [Fraunhofer Society for the Advancement of Applied Research] and German SME interest group, BVMW. manager magazin and impulse magazines also support the company ranking as media partners.
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