What is an idea box ?

What is an idea box ?

Idea boxes are an excellent way to collect, centralize, and track ideas from employees, leading to continuous business improvement through collective intelligence. An idea box provides a cost-effective solution for a company's sustainability while developing the collective intelligence of its people. Sourcing employee ideas and innovating through collective intelligence can result in new ways of doing business, product development, HR processes, organizational processes, diversity and inclusion policy, environmental commitment, and R&D and innovation. To set up an idea box, equip your organization with an open-source software that is easy-to-access online. Remember, good ideas can come up anytime, and the selection should be open to all stakeholders. The best ideas should be rewarded, communicated, and recognized to improve employee satisfaction, retention, and attract new talent.