What Innovation Funnel Should I Use?

What Innovation Funnel Should I Use?

There are many different approaches to innovation, each with their own unique workflow. IdeaScale has identified five top use cases for their innovation community, including product development, cost savings, process improvement, workplace experience, and customer experience. A product development workflow requires multiple rounds of creative thinking, while cost savings emphasizes value estimates. Process improvement relies heavily on team expertise and research, while workplace experience prioritizes projects that are both desirable and feasible. Customer experience workflows focus on customer validation and feedback.

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More Innovation Resources:

Sooner, Better, Bolder

Innovation is a team sport, as groups are more effective than individuals at innovating. People engage and ideate sooner when paired with teammates, it's cheaper, and they think more creatively with a partner. The optimal group size is two to three.

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Has Your Innovation Program Jumped the Shark?

Innovation programs need proper nurturing and management to prevent them from losing their essence. Run the Business (RTB) solutions are different from Change the Business (CTB) solutions, and each requires a different management approach.

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The Definition of Innovation

Experts have varying definitions of innovation. Renowned blogger Nick Skillicorn compiled definitions from several experts and highlighted how one word can have several meanings.

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