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

hackerearth

Ideas that, if materialized into innovative products or services, align with your organization’s goals, increasing revenues and keeping competition at bay. Your employees recognize everyday challenges and address them, feeling engaged and appreciated. What is idea management? What are the phases of idea management?

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How to Keep Innovating in an Economic Downturn

Innov8rs

As McKinsey points out , organizations that focused on innovation even during the 2009 crisis, outperformed the market average by 30% and their growth continued to accelerate the following years as well. Organizations should make changes in their strategy, governance, engagement, and incentives.

How To 105
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How to Boost Innovation by Recycling Existing Ideas

IdeaScale

For the hardware: A thousand songs in your pocket ; for the software: so easy that your Mother could do it ; and for the project: and on the shelves in eight months ! As Bill Fischer highlights in his ‘Innovating The iPod’ article; “The goals articulated by the leadership were surprisingly simple, broad yet precise.

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

Qmarkets

It’s estimated that a loss of more than $2 trillion in world-wide economic growth occurred between the second quarter of 2008 and the first quarter of 2009. Businesses looking to discover how to beat a recession with idea management and continuous improvement would also do well to adopt it.