Idea Management Defined – The What, Why and How

Idea Management Defined – The What, Why and How

Innovation and idea management are crucial concepts for the long-term success of any organization. Idea management can be defined as systematically managing the process of collecting and developing ideas and insights to get the most out of them. It is formed of four distinct but overlapping areas: strategy, processes, tools & methods, and culture. Idea management needs a strategy too and is an extension of the organization's innovation strategy. Organizations have to prioritize ideas by taking into account their strategic goals, the time horizons of different kinds of ideas, as well as their risk profiles. Measuring idea management activities is important, and organizations should focus on measuring their ideation portfolio and idea management process.

View

More Innovation Resources:

Continuous Improvement Processes - Choosing the right one for your business

Continuous Improvement (CI) Processes help companies improve their services, products or processes to drive positive change. This article explores the benefits and implementation of CI Processes.

View

First Steps Towards a Successful Innovation and Portfolio Management Office with edison365

Successful innovation requires the right ideas, but often traditional processes and rules don't support innovative activities. An Innovation and Portfolio Management Office (IPMO) can help align business change with overall strategy, prioritize the entire portfolio, and encourage widespread involvement.

View

A Successful Approach to Corporate Innovation: ‘The 8 Ps of Innovation’

Corporate innovation requires a holistic approach that includes processes, people, projects, problems, priorities, progress, partnerships, and places, according to Joost Korver's methodology: the 8 P's of Innovation.

View