Using Idea Management Tools For Better Innovation Outcomes

Using Idea Management Tools For Better Innovation Outcomes

Idea management tools help organizations capture, organize, filter, and evaluate ideas based on cost, risk, and business impact. They provide a framework for managing an idea portfolio and equip organizations with the capabilities to turn collected ideas into focused innovation. However, to deploy an idea management tool successfully, teams must be engaged, action-oriented, and empowered to move ideas from the collection, refinement, and filtering stages to practical implementation and value realization. An effective idea management tool aligns with internal workflow, and culture. By integrating idea management tools with other innovation tools and functions, the organizations can raise collaboration and alignment, and increasing interoperability is essential in establishing and scaling an end-to-end innovation management process.

View

More Innovation Resources:

To Truly Disrupt Your Industry, You Can’t Go It Alone

GE Power is on a mission to transform the power industry by collaborating with customers and competitors in co-innovation initiatives, as well as exploring cross-industry innovation. This interview with Hao Dinh, an intrapreneur spearheading GE Power's innovation initiative, explains how the company is partnering with customers to achieve meaningful change.

View

Executive pitch do’s and don’ts

Learn how to create a winning pitch for your business idea with these tips on summarizing findings, delivering the presentation, and answering questions from senior stakeholders.

View

Innovation Strategy - 4 Change Management Struggles at Disney

Disney's innovation strategy struggles show that change management is a challenge regardless of company environment. Four change management struggles are highlighted, including scanning outside inspirations.

View