Wärtsilä Oyj : Wärtsilä wins Global Most Innovative Knowledge Enterprise (MIKE) award

The technology group Wärtsilä has been recognised for its work in creating innovation based on corporate knowledge with the prestigious Global Most Innovative Knowledge Enterprise (MIKE) Award. Presentation of the award was made on in December 2020.

This award places Wärtsilä among the 20 best companies in the world at implementing managerial practices that promote innovation, based not only on technology, but also on a continuous process of improvement based on knowledge.

'This is a true endorsement of Wärtsilä's global strategy and vision for a smart technology ecosystem based on knowledge sharing and collaboration with strategic partners, such as universities, SMEs, customers, and other stakeholders. We are extremely proud to have been recognised in this way, which strengthens our position in the new global knowledge economy,' says Andrea Bochicchio, President, Wärtsilä Italia.

The Global MIKE Award is a benchmarking study that assesses effective knowledge management and innovative practices. First introduced in 1998, the award follows an evaluation process conducted by a scientific committee made up of university professors from 14 different countries.

In deciding the winner, the study considers the following criteria, namely; Empowering knowledge workers for innovation; Strategising, visioning, and transformative leadership; Creating client and user expectations, needs, and experiences; Developing internal and external networks and connectivity; Cultivating an organisational innovative culture; Investing in and delivering knowledge-based products, services, and solutions; Enforcing knowledge practices and systems for knowledge creation; and Implementing creative and virtual space to create stakeholder value.

In recent years, Wärtsilä has been responsible for numerous initiatives focused on promoting knowledge and innovation. These include various smart solutions that effectively enhance efficiency, improve safety, and reduce environmental impact for marine and energy sector customers. Also notable have been campaigns, such as Wärtsilä's 'Oceanic Awakening' initiative aimed at the adoption of smart and sustainable practices and solutions in the maritime sector, and the company's participation in founding Additive FVG, an Italian project for accelerating regional development.

Media contact for more information on this release:

Ms Marit Holmlund-Sund
General Manager, Marketing Communications
Wärtsilä Marine Power
Mobile [phone]
[e-mail]

Image caption: Wärtsilä Italia premises in Trieste. © Wärtsilä Corporation

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Wärtsilä Marine Power in brief
Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems deliver the reliability, safety, and environmental performance that Wärtsilä's Smart Marine vision encompasses. We offer our customers performance-based agreements, lifecycle solutions, and an unrivalled global network of maritime expertise.
www.wartsila.com/marineWärtsilä in brief:
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä's net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com