How to make your organization an innovation engine

The key to consistently delivering innovative products is by developing an innovation engine that corresponds to your organization's needs. An innovation engine is a collection of tools and procedures that capture ideas and turn them into effective innovations that create value for the company. The article explains that an innovation engine consists of three major parts: innovation strategy, idea management and innovation projects. To create an innovation engine, companies need to build the blueprint of the engine, fuel it with problems and potential solutions, filter the fuel through idea management and execute the best ones, and keep the engine running. The article also provides tips on how to assemble your own innovation engine, including examining overall innovation and business culture, defining the type of innovation you want to accomplish, and collaborating with related businesses and technologies, among others.