Innovation management – why increased participation means better ideas and greater success

Our solutions can support the whole process of idea and innovation management in your organisation from beginning to end. How? Via a combination of unique software and advanced expertise which give you both great value and excellent results in three crucial ways:

1. We can tap into the collective intelligence of all participants. Our methodology is designed to target more people more cost-effectively, thereby generating the maximum number of ideas.

2. We can ensure high levels of engagement via incentivization (for instance, online shopping vouchers) and recognition (by making participants feel their contributions are valued and will make a real difference).

3. Once we’ve generated a high volume of ideas, we will then evaluate which are the best so you don’t waste time or money on the wrong ones.

Innovation management in action

Areas to focus on could include increasing revenue, improving service quality and making processes more efficient. Participants could be employees, key customers, potential customers or any combination of these.

Specific areas could include:

• Initial consulting to ensure the nature and scope of the project and all associated communications, technology and participants’ roles are fully defined.

• Collaborative idea construction and evaluation.

• Challenge-based innovation cycles tailored to individual business units.

• Predictive market engines to evaluate and trade on ideas as an initial filtering tool.

• Multi-dimensional rating models to support idea implementation.

• Deployment of open innovation models utilizing outside resources.

• Tracking idea implementation from concept to active project.

• Incentive models that cover all key contributions to the process.

• Continuous monitoring and support to ensure smooth progress.

• Structured training for increased participation and better results.

How our innovation management solutions benefit you

• Our processes are totally transparent at all times, so participants know what’s happening to their ideas.

• Broad-based collective intelligence guarantees you a continuous stream of ideas.

• You’ll be able easily to evaluate ideas and not waste time or money on inferior ones.

• You can then use the best ideas to drive and manage innovation.

• Your stakeholders’ commitment levels will increase greatly.

• You’re also opening up a new channel for strategic communication.

Contact us now for more details of our innovation management solutions