Innovation

Molson Construction believes innovation is key for the advancement of our business. Innovation means taking big leaps forward, stepping up and pushing beyond what comes easy. This is why the highly qualified personnel in our organization each pursue various research and development (R&D) projects in their respective disciplines. This process is the basis for new product and service developments. Our business theory depends on innovation as the way we intend to create value for our clients.
 
Innovation is the successful exploitation and commercialization of new ideas. It is far more than just new ideas or research and development . Innovation can:
  • cover all processes (technological, organisational and marketing) in the development and commercialization of novel products and services providing value to customers;
  • occur at four main tiers or levels: 
    • technologies/products/services,
    • process,
    • organisational, and
    • business;
  • include, but not be restricted to, the ideas and research stages of the innovation cycle, or to novel technology alone; and
  • include ‘low tech’ technologies.
Sustainable innovation is a process in which the triple bottom line approach to sustainability (economic / social / environmental) are integrated into company systems, from idea generation through to research and development (R&D) and commercialization. This applies to products, services and technologies, as well as new business and organisation models.

Canada is recognized for doing the "R" side of Research & Development well, but we are often failing to capitalize on this excellent work and to accrue the rewards to Canada. That is, we are not effectively:

  • growing our emerging companies into mature contributors to the Canadian economy; 
  • commercializing our innovations by bringing them to the marketplace or using them to improve the performance of our businesses that developed them; nor 
  • retaining the maximum benefits and jobs that proper commercialization of innovation can generate.
Molson Construction aims to develop, harvest, use and commercialize innovation as a resource for economic, social, and environmental benefits to Canada.
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