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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?

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There are Knowns and Unknowns in Innovation: Let’s Manage Them Differently

Paul Hobcraft

Paper presented at PMI® Global Congress 2012—North America, Vancouver, British Columbia, Canada. Newtown Square, PA: Project Management Institute. For me, a good idea management system needs to be set up for all known and unknown possibilities to capture their potential. It is highly valued in the idea management process.

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

Idea Drop

They filed for bankruptcy in 2012. Even when things seem to be going well, you should be working to put innovation processes in place, as an ad hoc approach to problem solving leads to the kind of strategic and communication errors that prompted the downfall of most of these businesses.

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