Michael Kalman, CEO of Menorah Motvethim , shared his words as part of the closing event of the second round of the program
X labs in a Box from Strauss Strategy. At the event, which took place at the Microsoft offices in Herzliya, Kalman shared with the hall full of excited participants, the business concepts that guide him and Menorah in creating business differentiation while constantly thinking about the various needs and solutions of the market.
His words were a source of inspiration and emphasis, and we chose to share the five key insights, so that other managements and organizations can also derive value from it:
1. Business vigilance:
The ability of organizations to adapt to the new trends, and stay one step ahead of the rest of the market.
2. Correct reading and understanding of the area:
Not only to locate and identify the needs, but also to understand how they change and develop in the dynamic market.
3. Deepening in actions:
As soon as a business opportunity is discovered, it is important to go deeper and be thorough in analyzing a situation and choosing the most suitable course of action to maximize it.
4. Courage in making decisions:
Organizations in general and the managements in particular, are required to show courage and take calculated risks, especially in a changing reality full of threats and opportunities. Showing courage is a critical characteristic for the continued success of any organization.
5. Execution:
It is said that everything depends on the execution, therefore the focus on the application of the real values and the ability to put them into practice in real time, is a critical muscle that must be reflected in the day-to-day activities of the organization.
Kalman also noted the great contribution that the X Labs in a box program had to the adoption of creative and innovative thinking at Menorah Mivathim, and thanked the mentors who led the process together with Menorah’s professional teams.
On this occasion, huge congratulations to the diverse teams, Mentorim, and especially to Tal Langevitch Avraham, VP of Digital and Innovation, and to Liron Paz, Digital Product Manager at Menorah Mivathim, and to everyone who contributed to this success.
Want to know how to take an enterprise and turn it into a startup on steroids?
How do you take 30 managers and turn them into entrepreneurs?
How do you connect different and diverse units in the organization to a synergistic and connected work group?
How do you produce 3 groundbreaking digital ventures in the world of insurance?
The answer is the Xlabs program of Strauss Strategy in collaboration with Menorah Mivathim.
Magic of a program!
Waiting for round 3 🙏🏼
Tal Langevitch Avraham, VP of Digital and Innovation, Menorah Mitvathim
“When you combine a team of managers who are so talented and connected to the organization, with the support and precise direction of a committed and empowering management and the professional and creative leadership of the combined X-Labs team from Menora + Strauss Strategy, you get extraordinary business and organizational value in a very short time.”
Lior Israel, CVO & Head of X-Labs
Why does every senior manager need “ Xlabs in a Box ” in his organization?
“The success of Menorah Mivathim with the “ X-labs in a Box ” program is a clear example of the power of process-based innovation. Every senior manager in the insurance and financial industry (in general), who wants to bring refreshment and entrepreneurship to his organization, will find “ X-labs in a Box” “A proven model for cultural and business change.
The program offers a work format that allows organizations to turn complex processes into daily operations, while maintaining flexibility and innovation. It offers not only an improvement in performance, but also a change in the organizational mindset, the work processes and the way we think about insurance and finance. Kudos to the teams, to the mentors, and especially to Tal Langevitz Avraham, VP of Digital and Innovation, and to Liron Paz, Digital Product Manager at Menorah Mivathim, and to everyone who contributed to this success.”
Abner Strauss, Co-Chairman, Strauss Strategy