Creating an innovation strategy means improving what you currently offer and finding ways to differentiate from your competition in the future. This is easy in principle, but applying this practice to your business can be very difficult.
In this article, we look at five tips to launch your next innovation, using a proven framework for successful launch and scale.
Traditional innovation can only take your business so far, and without an evolution of processes, you might find it harder than ever to move new ideas forward. Introducing structures and systems to formulate, organize, and act upon new ideas is one of the best ways to optimize internal innovation. This practice is better known as idea management, and in this article we will define and discuss idea management in full.
To run a successful business, you must be able to complete individual and shared tasks regularly and reliably. One of the most significant components to achieving this is making sure you create actionable results in your meetings, conversations, and workflow.
Too often, leaders label projects as successes or failures based on budget and schedule expectations. Although time and cost are critical factors, they ignore whether the project delivered the expected benefits.
Many companies find it hard to prioritize ideation. Here are five ways to break the pattern and gather a wealth of ideas for your organization.
Imaginary scenario: you have been invited to a meeting to [...]
As the director of the IdeaScale Crowd community, I recently had the opportunity to share some insights and best practices for innovators who are new to crowdsourcing, and may not have conducted their first campaign yet. We discussed five questions to ask as you prepare for your first campaign, why those questions are important, and some examples of good and bad answers to those questions.
Every year, IdeaScale analyzes our system and customer data and releases a report on crowdsourced innovation trends and benchmarks. You can find this year’s report here, but one of the questions that we pay a lot of attention to is why people are looking to purchase an innovation management platform in the first place.
When COVID-19 shut down the United States in 2020, everyone wanted to be a part of the solution. At NASA, the entire NASA workforce expressed their desire to help the nation combat the virus – even though most of their employees were asked to work from home.
Knowledge management improves organizational processes through a variety of different practices, and enhances learning, which can increase both follower engagement and personal development. This article presents the two key steps of successful knowledge management that can be implemented by company executives.
What gets measured gets managed. Innovation is not serendipity; it’s a managed process of transforming novel ideas to achieve their business value. You can only manage what you measure.
What separates the great innovators from the industry laggards? What empowers long-standing hierarchical organizations like LEGO to make big, creative bets that pay off (like the LEGO Movie) while other once-great brands like Tower Records, Pan Am, or Pets.com have all gone away?
One of the most popular webinars that IdeaScale has ever hosted is our webinar on how to select the best ideas. We are constantly being asked by our customers and prospects, “how do I know a good idea when I see one?” Some people are looking for financial predictions, some people want to know how an idea measures up to their organizational objectives, but everyone is looking for the perfect set of criteria so that they can evaluate ideas at some point during the innovation process and validate them.
The success of innovation management is never an accident; it’s a holistic management process with an iterative thought-out planning and execution continuum.