How to Prioritize Your Organization's Ideas

Innovation is driven by ideas, but it’s important to prioritize those ideas to ensure the best ones are implemented first. To do this, create a process to evaluate and rank ideas based on their potential to improve processes. Some factors to consider include market attractiveness, strategic fit, sales growth, product advantage, cost, and time to implement. Another prioritization process is V-SAFE screening, where ideas are evaluated based on value, suitability, acceptability, feasibility, and endurance. Implementing a prioritization process and using an idea management system can help manage and capitalize on employee ideas to gain a competitive advantage.