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The Innovation 'Function'

Imaginatik

In that vision of the “innovation funnel” the idea is at the end… the goal. At Imaginatik, we call this the “fluff and magic” vision of innovation where value can only be created by anointed innovation/design Shamans toiling in exposed brick and beam lab/temples. The HR Head values retention and employee satisfaction.

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The False Promise of “Free” Innovation Software

Imaginatik

I soon learned they had been offered an innovation platform from a competitor for three years, for free. But then they thought about what they need the platform to do, namely: COLLECT ideas, through engaging employees and other stakeholders. Catalyze ACTION through providing portfolio and program review and reporting capabilities.

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Beyond Flavor of the Month: Managing Idea Challenges as a Repeatable Program

Imaginatik

An Idea Challenge is a structured process to collect new ideas from large groups of people – employees, customers, partners, or other stakeholders. But there are other powerful benefits, such as: increased staff buy-in for new initiatives, and higher productivity and morale of a more engaged workforce. Engagement – Years 1-3.

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The Four Types of Innovation Metrics

Imaginatik

Very few innovation programs have the luxury of waiting multiple years before delivering quantifiable results. Measuring innovation requires partners. Demonstrating the effects of a strong innovation program typically depend on active involvement from other units and functions in the company. Engagement levels.

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Strengthening the Organization and Accelerating Value – a fresh look at Capability Building

Imaginatik

Embedding an effective innovation program in your company requires a fresh look at capabilities. We find that very few – if any – large companies are truly set up to enable innovation to do battle with how the business landscape is evolving. But Information Technology doesn’t seem like the right category to group them into.

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Towards a New Language of Value - from the perspective of business ecosystems

Imaginatik

An ecosystem perspective changes the unit of focus, from any one business or even industry to the network of interactions, and actors, in which we are all engaged. And what are the currency bundles – e.g., the different types of value – being created through the innovation programs? The notion of value is no different.