Idea Competitions and Why Your Business Needs One

Companies can tap into the knowledge of their employees by launching internal idea competitions to solve specific problems and promote innovation. In-house idea contests differ from open innovation challenges in that they involve only company employees, leading to stronger communication and collaboration. Successful idea competitions not only result in new ideas, but also boost employee engagement, improve communication, and enhance the employer brand. Ideanote can help companies create and share goal-oriented challenges with their employees to collect valuable ideas.