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What is idea management and why is it important for any business

hackerearth

Visualize this: You continuously get incredibly innovative ideas from your own workforce. Ideas that, if materialized into innovative products or services, align with your organization’s goals, increasing revenues and keeping competition at bay. What is idea management? Idea genesis and gathering.

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Adapt or die: lessons from 5 companies that failed to innovate

Idea Drop

It feels like the world is moving faster than ever, which means that companies in every sector have to prioritise agile innovation or risk becoming defunct. Here are the key lessons from five bankrupt companies that failed to innovate… Kodak Kodak was founded in 1884 and found fame and fortune by inventing roll film.

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Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

With every enterprise innovation initiative, the most obvious and commonly prioritized assets are ideas. These are the backbone of innovation and can deliver amazing value, however they are ultimately only one aspect of innovation. Top 3 Alternative Innovation Assets 1.

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Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. In the interests of futureproofing your enterprise, it’s important to ensure your innovation strategy can accommodate the privations of turbulent economic times.