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

How KBC Bank Used Crowdsourced Innovation to Create Massive Employee Engagement

Planview

On the off chance an idea is shared, it gets lost in translation due to informal processes or too many hoops to jump through to reach a decision maker. And when an industry is going through disruption, a company can’t afford to have those game-changing ideas sit in people’s heads or get lost in translation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Gartner Research Insights: 5 Innovation Hacks to Boost your Digital Return

Qmarkets

So innovation often requires its own unique funding model, which is clear even without the Gartner research. Professor of Investment Banking at Harvard Business School, Josh Lerner, says both have very real strengths, but also serious limitations.

Survey 40
article thumbnail

Six Internal Innovation Sources You should know

ITONICS

The Alexander Wacker Innovation Award recognizes outstanding work in the areas of product innovation, process innovation, and basic research. Note that this source of innovation can be completely internal (only employees of the company are engaged) or mixed (both employees and external experts, startups collaborate).

article thumbnail

Gartner Research Insights: 5 Innovation Hacks to Boost your Digital Return

Qmarkets

So innovation often requires its own unique funding model, which is clear even without the Gartner research. Professor of Investment Banking at Harvard Business School, Josh Lerner, says both have very real strengths, but also serious limitations.

Survey 40
article thumbnail

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

Qmarkets

million jobs and saw the fall of 25 federally-insured banks. In the interests of futureproofing your enterprise, it’s important to ensure your innovation strategy can accommodate the privations of turbulent economic times. alone during the initial ripples of the crisis, the economy lost more than 2.5

article thumbnail

6 Internal Sources of Innovation

ITONICS

The Alexander Wacker Innovation Award recognizes outstanding work in the areas of product innovation, process innovation, and basic research. Note that this source of innovation can be completely internal (only employees of the company are engaged) or mixed (both employees and external experts, startups collaborate).