What is an idea management process?

What is an idea management process?

Having an idea is just the beginning. Proper idea management is crucial to transforming ideas into profitable innovations. This involves generating, capturing, and evaluating ideas to determine which ones should be developed further. Idea management can occur in a structured environment where concepts are prioritized, discussed, and approved, leading to creative thinking and insights not otherwise obtained. Effective idea management encourages employees to actively participate in their company's development, increasing job satisfaction and success. This article explores the types of idea management programs and the obstacles they face, as well as the importance of feedback and evaluation, incentives, and the 7 stages of the idea management process.

View

More Innovation Resources:

#ERROR!

McKinsey’s 2021 Global Report on new-business building reveals the growing importance of intrapreneurship for companies, with more than 60% of business leaders considering it a top priority.

View

Portfolio Management: Linking Strategy to Resources and Execution

Portfolio management is a crucial aspect of a complete innovation system. Innosight's Alasdair Trotter shared four steps to integrate portfolio management into your organization's existing structures.

View

Strategic Planning at Work: Real-World Use Cases

Poor strategy execution is a common problem for many companies, with most employees not understanding the company's strategy. Planview's work and resource management solution can help organizations integrate strategy with execution to drive success.

View