How to select the best ideas for an innovation project

How to select the best ideas for an innovation project

Choosing which idea to turn into an innovation project is a challenging task that requires careful consideration. This article provides tips on how to select the best idea from a pool of thousands of good ideas. Firstly, you need to collect as many ideas as possible, and outline the criteria that align with your business and innovation goals, including return on investment and project timeframe. To help you further, the article introduces the Innovation Impact Model that allows you and your stakeholders to rate ideas as low, medium, or high regarding investment and impact. The article also introduces Accept Mission, an idea management tool that can help you select the best ideas by user selection, expert scoring, or end customers scoring. By following these various ways of selecting the best idea, you can improve the chances of innovation success.

View

More Innovation Resources:

Your Offsite Meeting Checklist for Productive Strategic Planning

Planning an offsite strategy meeting? Use this checklist to ensure productive engagement and collaboration among your executive team.

View

Why Your Innovation Process is a Recipe for Failure - InnovationManagement

View
A Myriad of Ways to Being Creative

A Myriad of Ways to Being Creative

Being innovative is just one of many ways to be creative. Organizations need to recognize and appreciate diverse problem-solving styles, from highly adaptive to highly innovative, in order to tackle complex problems successfully.

View