article thumbnail

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

hackerearth

What is idea management? Top management world over is now running helter-skelter demanding innovation. And somehow, it would seem tremendously wrong if the C-Suite don’t turn to their employees, who are in the thick of things, for ideas that improve efficiency and cut costs. What are the phases of idea management?

article thumbnail

“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

Mugglestone, 2005) Now if this task were to be attempted using a contemporary Idea Management platform , it could be completed in days rather than decades. Lindegaard, 2010). In 2008 they launched an Open Innovation platform called Lego Ideas which allows anyone to submit proposals for new construction sets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

Mugglestone, 2005) Now if this task were to be attempted using a contemporary Idea Management platform , it could be completed in days rather than decades. Lindegaard, 2010). In 2008 they launched an Open Innovation platform called Lego Ideas which allows anyone to submit proposals for new construction sets.

article thumbnail

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

Qmarkets

job losses skyrocketed during the peak recession years 2008-2010 Given the devastating impact of the 2007-08 financial crisis, it’s little wonder that companies worldwide are sensitive to omens of a new “great recession”. Read on to discover how you can transform a recession into a rejuvenation. This is where Qmarkets comes to the fore.

article thumbnail

How to Run the Ultimate Corporate Hackathon

Qmarkets

Programmers and software professionals squeezing time in against packed evenings and weekends to accelerate productivity.” He continues to describe the hackathon format as one of “decentralized, disintermediated, distributed computer programming [that] proves an industry standard for software development.”. Think again.

article thumbnail

How to Run the Ultimate Corporate Hackathon

Qmarkets

Programmers and software professionals squeezing time in against packed evenings and weekends to accelerate productivity.” He continues to describe the hackathon format as one of “decentralized, disintermediated, distributed computer programming [that] proves an industry standard for software development.”. Think again.

article thumbnail

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. If the offline experience is an event such as a hackathon or an innovation weekend, all kinds of experts will often be on hand to help the teams make the best out of their ideas. Let’s take a look at both. Hackathons.