Honored at the German SME Summit: Ranga Yogeshwar pays tribute to RAPA Automotive from Selb on the occasion of its success in the TOP 100 innovation competition. The award ceremony at the Summit took place on Friday evening, June 24, in Frankfurt am Main for all SMEs that were awarded the TOP 100 seal at the beginning of the year. The science journalist is accompanying the innovation competition, which is being held for the 29th time, as a mentor. In the scientific selection process, RAPA Automotive was particularly convincing in the size category C (more than 200 employees) in the category “Innovation-promoting top management”
The TOP 100 company portrait published on the occasion of the award states (excerpt):
For many automotive suppliers, being innovative meant only one thing for a long time: gradually optimizing their own processes and products. However, there is a danger of overlooking new megatrends, such as the fact that electric drives will replace the combustion engine in the long term and that autonomous driving is becoming increasingly important. RAPA Automotive, a family-owned company that has been active in the market for more than 100 years and is managed by the fourth generation of the founding Pausch family, therefore aligned its corporate strategy with these megatrends eight years ago.
The management initiated a strategic innovation process, in the course of which the product range changed significantly. In the meantime, the company no longer works predominantly on products for the powertrain, but primarily on systems for the active chassis. The focus here is on mechanical functionality for the development of components and systems. These primarily contribute to optimizing performance-oriented driving characteristics in a targeted manner and to increasing driving comfort as well as driving safety and reducing fuel consumption.
Click here for the full portrait: www.top100.de/die-top-innovatoren.
TOP 100: the competition:
Since 1993, compamedia has been awarding the TOP 100 seal of approval to medium-sized companies for special innovative strength and above-average innovation success. Since 2002, scientific management has been in the hands of Prof. Dr. Nikolaus Franke. Franke is the founder and director 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 leading innovation researchers internationally. The mentor of TOP 100 is science journalist Ranga Yogeshwar. Project partners are the Fraunhofer Society for the Promotion of Applied Research and the BVMW association of small and medium-sized enterprises. The magazines manager magazin and impulse accompany the company comparison as media partners. More information and registration at www.top100.de.