article thumbnail

What is Total Innovation Management? Achieving Excellence from Idea Generation to Implementation

Qmarkets

To maximize the ROI of your innovation initiatives, it’s vital to gain input from as many sources as possible and ensure all departments take part in a culture of ideation. Amplify Idea Generation You can’t address the question ‘what is total idea management’ without emphasising the importance of crowdsourcing ideas.

article thumbnail

Ideating at Enexis – Driving Operational Innovation in Dutch Energy Sector

Qmarkets

Yet the company has managed to generate hundreds of new ideas each year since 2014, resulting in millions in cost-saving and improved employee safety. 1,200 ideas have been submitted since September 2014, and we’ve received 7,300 comments and 9,400 total votes. The ideas all vary in impact, size, and scale.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Ideating at Enexis – Driving Operational Innovation in Dutch Energy Sector

Qmarkets

Yet the company have managed to implement up to 300 new ideas a year resulting in millions in cost-saving since 2014. A Qmarkets’ customer since 2014, we sat down with Enexis to discuss more about their innovation initiatives, overcoming resistance to change, and what the future of innovation looks like for them.

article thumbnail

Creating Great Ideas: Combining Open Innovators and Extroverted Peers on a Team

Michael Roberto

Sharique Hasan and Rembrand Koning have conducted research on idea generation in teams, using a unique field experiment design. These scholars conducted their field experiment within the opening week of an entrepreneurship academy in India during the summer of 2014.

article thumbnail

Fostering Innovation with Technological Solutions – Part 2

Wazoku

According to G2 Crowd innovation management technology supports early-stage activities, such as idea generation, evaluation and selection, as well as later-stage activities like innovation portfolio management, project management and resource planning.

article thumbnail

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

hackerearth

Idea Management is a structured process of generating, capturing, discussing and improving, organizing, evaluating, and prioritizing of valuable insight or alternative thinking that would otherwise not have emerged through normal processes” (Karlsson, 2010). What are the phases of idea management? Idea genesis and gathering.

article thumbnail

Six Internal Innovation Sources You should know

ITONICS

According to the 2014 ‘’Proven Paths to Innovation Success’’ study conducted by PwC’s strategy team, companies are intended to raise the portion of their R&D budget for innovation from around 40 percent up to 60 percent for the outlook of the next 10 years. A central R&D body is an effective source for transformational innovation.