Ideation Rate: Quantifying a Culture of Innovation

Planview Spigit

MIT’s Sloan Management Review recently published a story that focuses on the research Spigit conducted with Northwestern University’s Kellogg School of Management around quantifying a culture of innovation. In other words, we set out to move beyond the why behind creating a culture of innovation and look at the how. In doing so, we surfaced actions a company can take actually build and sustain a culture of innovation.

Culture of Innovation: Premera Blue Cross Engages Employees to Drive Innovation

Planview Spigit

As organizations seek to add value to customers and develop new, differentiated products and services, innovation is at the heart of strategy. It starts with creating a culture of innovation from within by tapping into the wisdom of employees. Premera Blue Cross developed its culture of innovation that motivated 3,200 employees to produce more than 400 new ideas to improve its products and services.

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5 Things You Need to Know About Collaborative Innovation Software

Planbox

Collaborative innovation software brings purpose, focus, and structure to collaboration to help you turn ideas into commercial value. Understanding the importance of collaboration really is a no-brainer: people and business units alike need to share information and work together.

Using Crowdsourced Innovation in the Real World

Planview Spigit

Having a well-defined innovation strategy is more important than ever. To keep up with the modern professional landscape, companies must create an innovation culture that constantly looks for new ways to meet the needs of the customer. One way to do that is through crowdsourced innovation. Executives and stakeholders can lose touch with their customer base and, despite their best efforts, fail to innovate. Crowdsourcing Innovation Effectively.

16 metrics for tracking Collaborative Innovation performance

Hutch Carpenter

In a recent PwC survey, 61% of CEOs said innovation was a key priority for their company ( pdf ). Innovation efforts come in a variety of forms: innovation and design labs, jobs-to-be-done analysis, corporate venturing, distributed employee experiments, open innovation, TRIZ, etc. In this post, I want to focus on another type of innovation initiative: Collaborative Innovation. Ideas matching needs of customers (incl.

6 Secrets to Creating a Flourishing Culture of Innovation in Your Organization

Qmarkets

Fostering an innovative environment in your organization can be key to growing your business and developing opportunities in ways you have not yet even considered. An Accenture study found that over 90% of executives believe that innovation is central to the long term success of their business strategy. Here are six critical keys to getting your team up and innovating as an intuitive element of your company's DNA: Open Communication Between All Company Levels.

6 Secrets to Creating a Flourishing Culture of Innovation in Your Organization

Qmarkets

Fostering an innovative environment in your organization can be key to growing your business and developing opportunities in ways you have not yet even considered. An Accenture study found that over 90% of executives believe that innovation is central to the long term success of their business strategy. Here are six critical keys to getting your team up and innovating as an intuitive element of your company's DNA: Open Communication Between All Company Levels.

Crowdsourcing: Bolstering Your Company’s Survival Kit

Planview Spigit

A company’s very survival relies not on a visionary CEO or group of executives but the collective knowledge of its employees and their ability to collaborate. The reality is, despite the spotlight that’s placed on founders, not one CEO or group of executives knows everything. New advances in technology, consumer behavioral changes, and a whole host of other factors make it difficult for one or even a handful of individuals to keep up. Crowdsourcing.

How we cultivate sustainability and help our customers do the same

Wazoku

Connect, is our customer co-creation community, we use this instance of our product as a forum dedicated to our customers and partners to discuss best practices, share use cases, adopt new product functionality – and – most importantly, share valuable knowledge between one another. We know that by crowdsourcing ideas within a business’ ecosystem and engaging different minds, internal and external to an organisation, it can bring about great change.

Innovation Management: Importance, Ideas, and Examples

Acuvate

In less than a decade, innovation management got recognized as one of the most powerful strategies an organization can use to streamline internal processes and boost their business productivity. Forrester also claims that 53% of global services decision-makers are investing in emerging innovation and idea management technologies to drive innovation. What is innovation management? So why not ignite the culture of ideation among employees?

How Innovation Management Contributes to The Success of Digital Transformation

Acuvate

Digital technologies are totally transforming the face of business. Adopting digital transformation is the only way to stay ahead of the competition in today’s digital era. Innovation management is one of the crucial contributors to digital transformation, along with a few other factors. According to 87% of business leaders, digitalization is a top priority. Digitization implies the process of converting data into digital format.

Top 10 Features To Look in Any Idea Management Software

Acuvate

In today’s competitive world, it’s no secret that organizations struggle to come up with competent and innovative solutions to facilitate growth and stay ahead in the game. One of the best ways of improving service, product or efficiency parameters is to tap into the effective intelligence of your employees. Employees are the front runners in driving any specific initiatives of the organization. Innovative Ideas are universal. Crowdsourcing capabilities.

The Innovation Hotline: How Colruyt Group is Championing Intrapraneurship with Collaborative Idea Generation

Qmarkets

Often times, the most successful and innovative companies stem from the humblest of origins. Its rapid expansion from a small, family-run wholesale goods business in 1928 into a multinational conglomerate with 30,000 employees, can be attributed in part to the creative – and ingenious – ways it has crowdsourced ideas from employees. The Innovation Hotline – From ‘Green Telephone’ to IDnet. Did you offer any kind of incentive to your users?

Top 10 Innovation Links for the Week of 1.29.16

Planview Spigit

Welcome to Spigit’s weekly roundup of innovation links, where we feature a carefully curated selection of our favorite content on innovation, crowdsourcing, and more from around the web. 1.Why Black Cabs Need to Innovate, Not Fight. This article argues that, to stay alive, black cabs need to innovate, not fight against Uber. Harnessing Digital Disruption will Drive Innovation Cross Industries. Is Experience Good for Innovation?

Top 10 Innovation Links of the Week: 11.13.15

Planview Spigit

Welcome to our brand new weekly link roundup, featuring a carefully curated selection of hand-picked links to great content on innovation, crowdsourcing, and more from around the web. 5 Requirements of a Truly Innovative Company. The skinny: Renowned innovation leader, management expert, and founder of Strategos Gary Hamel explains which essential parts of the innovation engine you’re probably forgetting.

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Innovating During and Post-Crisis: How to Keep the Momentum

IdeaScale

Although the pandemic results have been catastrophic in many ways, it’s important to remember that massive periods of transformation also pave the way for innovation. Around 90% of executives say they expect the pandemic to change the way they do business for at least five years.

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Top 10 Innovation Links for the Week of 1.8.16

Planview Spigit

Welcome to the first 2016 weekly roundup of innovation links, where we feature a carefully curated selection of our favorite content on innovation, crowdsourcing, and more from around the web. A New Blueprint for Collaborative Innovation. It’s a great “on-boarding resource” for people new to of collaborative innovation. 26 Disruptive Tech Trends for the Rest of the Decade. TEDx Berkeley: The Art of Innovation.

Building a Culture of Employee-Led Innovation

Planview Spigit

In a recent HR Technologist article , Spigit CEO, Scott Raskin, made the case for why companies need to get employees invested in their innovation and improvement processes – and how to do it. At Spigit, our customers have seen a significant difference in how engaged their employees are when they’re able to collaborate and get involved in the company’s strategy through innovation. The post Building a Culture of Employee-Led Innovation appeared first on Spigit.

How Facebook Made Innovation a Daily Habit

Planview Spigit

Since its founding in 2005, Facebook has become one of the most innovative companies in the world. They’ve used their influence as the number one social network masterfully, evolving into an ecosystem of brands – Instagram, WeChat, Aquila (Facebook’s Internet plane), and others – all aligned to further the company’s mission of giving people the power to build community and bring the world closer together. Think of innovation as a muscle.

Top 10 Innovation Links of the Week: 12.4.15

Planview Spigit

Welcome to Spigit’s weekly roundup of innovation links, where we feature a carefully curated selection of our favorite content on innovation, crowdsourcing, and more from around the web. Lean Innovation Management – Making Corporate Innovation Work. The skinny: Steve Blank outlines how lean innovation practices can drive 10 times the number of initiatives in a fifth of the time. Innovation and the Art of Implementation.

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4 Companies With Jaw-Dropping Innovation Case Studies

Planbox

These innovation case studies will uncover a secret weapon that your organization might not be leveraging to its fullest! It’s amazing to think that a lot of organizations still don’t realize they’re sitting on a mountain of untapped potential. Lots of ideas.

Ideation Software: It’s Not Just for Innovation Departments

Planview Spigit

is that it’s exclusively for innovation departments to use to generate breakthrough products and services. It is called “innovation” software after all, right? While that is one of its use cases, the reality is it can be used for so much more. Based on in-depth customer research we conducted, which you can read more about in our 2017 Business Innovation Report , it’s clear that ideation isn’t a siloed initiative any longer. Crowdsourcing

Innovation Software: It’s Not Just for Innovation Departments

Planview Spigit

A common misconception about innovation software is that it’s exclusively for innovation departments to use to generate breakthrough products and services. It is called “innovation” software after all, right? While that is one of its use cases, the reality is it can be used for so much more. In fact, it’s shattering those once established silos and creating an environment where collaboration is solving business challenges across the company faster than before.

Why ignoring your workforce could be damaging your innovation output

Idea Drop

Internal crowdsourcing is cost effective and represents a proactive approach to innovation. The benefits are clear and abundant, so why are executives continuing to overlook the innovation potential harboured in their workforce? CEOs are hard-wired to avoid risking time and money on new ideas that are not already part of their plan. In this post we consider why listening to your workforce can provide significant value and unlock a fulfilling culture of innovation.

3 Takeaways from Spigit’s Innovation Forum

Planview Spigit

Spigit recently hosted an Innovation Forum with global consumer goods manufacturer Li & Fung in Hong Kong. An exclusive group of innovation leaders convened for an evening of sharing best practices and in-depth discussions about innovation programs. Here are three innovation takeaways that grabbed our attention. Build an innovation program with employees to solve problems at scale. Create an environment where collaboration and ideation thrive.

3 Takeaways from Spigit’s Innovation Forum

Planview Spigit

Spigit recently hosted an Innovation Forum with global consumer goods manufacturer Li & Fung in Hong Kong. An exclusive group of innovation leaders convened for an evening of sharing best practices and in-depth discussions about innovation programs. Here are three innovation takeaways that grabbed our attention. Build an innovation program with employees to solve problems at scale. Create an environment where collaboration and ideation thrive.

Top 10 Takeaways from Spigit’s 2017 Ignite Conference

Planview Spigit

From a scientist who led the innovation team that developed the Ebola vaccine, to a world renown innovation author, to the VP of Watson Strategic Partnerships at IBM Watson, Ignite 2017 was one for the record books. Throughout the conference, which included exclusive innovation strategy workshops for Spigit customers, there was no shortage of useful insights attendees walked away with. Intrinsic rewards are more effective most of the time. Crowdsourcing

Top 10 Takeaways from Spigit’s 2017 Ignite Conference

Planview Spigit

From a scientist who led the innovation team that developed the Ebola vaccine, to a world renown innovation author, to the VP of Watson Strategic Partnerships at IBM Watson, Ignite 2017 was one for the record books. Throughout the conference, which included exclusive innovation strategy workshops for Spigit customers, there was no shortage of useful insights attendees walked away with. Intrinsic rewards are more effective most of the time. Crowdsourcing

Top Jobs for Innovation Professionals in 2019

IdeaScale

Companies in every industry are accepting that complacency and failure to innovate are tantamount to negligence. Failing to innovate can cause even a large established business to lose ground to competitors that more fully embrace innovation. It requires more than just saying “Innovation is good.” An innovation strategy is a key business asset, and innovation leadership is no longer nice to have, but necessary. Innovation Consultant.

What Does an Innovator Look Like?

IdeaScale

We’ve dedicated lots of time to thinking about innovators. What their skill sets are, what traits they possess , and what the profile of innovators is globally. But we recently took a look at our own data and developed two profiles of our own: The profile for the crowd innovation administrator: Most of IdeaScale’s administrators were in their mid-thirties and at the managerial level. The post What Does an Innovator Look Like?

Hackathons: A Business Hack That Solves Problems Quickly

Planbox

Purpose-driven innovation happens with an unparalleled urgency, focus and determination to find what’s missing. The first 48 hours are especially critical if you want help from your innovation community to unearth ideas for untapped opportunities.

3 Tips for Measuring the Impact of Your Innovation Platform

Planview Spigit

When the metamorphosis includes an innovation platform, leaders are typically left to determine not only how to leverage the solution, but also how to measure its impact. Crowdsourced innovation” —the process of inspiring, collecting, and accelerating ideas from the “crowd,” such as your employees, partners, and customers, at scale—has proven to be incredibly effective. The post 3 Tips for Measuring the Impact of Your Innovation Platform appeared first on Spigit.

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How to Measure Your Organization’s Innovation Maturity

IdeaScale

Before you can assess your organization’s innovation maturity, you have to ask and answer the question, “What does innovation mean to us?”. Unless your organization has deliberately built a culture of innovation throughout, answers to that question will vary – perhaps widely – among those you ask. What does innovation mean to your team members? Innovation Management’s Innovation Maturity Benchmarks. You can’t fake innovation maturity.

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Spigit Advances Platform Flexibility to Support Even Wider Variety of Use Cases

Planview Spigit

Over the last 11 years, to meet those ever-changing needs, we’ve seen crowdsourced innovation evolve into a key component in corporate strategies. Companies are leveraging crowdsourced innovation to achieve a number of business goals, including: Creating a culture of innovation. Eliminating silos and creating more collaboration. Engagement in an innovation program is crucial for success.

When Does Creativity Become Innovation?

KindlingApp

There’s a lot of emphasis in the idea management world on being creative—see Fast Company’s Most Creative People in Business 2015 , for example—but it’s not always obvious that being creative is only step one. Innovation requires creativity, but creativity on its own isn’t enough to move a company forward. To be truly innovative, we need to harness and structure the creativity that we already have. Innovative ideas are ideas that have an impact.

The Role of Innovation in New Product Development: Three Approaches for Success

Qmarkets

Innovation is essential throughout the entire new product development (NPD) process, but nowhere is it more key than it is in the Fuzzy Front End (FFE) stage. FFE is the starting point of NPD and is where new product ideas are generated before entering the formal development process.

Modern leadership styles and innovation: The boss doesn’t always know best!

Wazoku

For many modern businesses, the concept of the boss is somewhat outdated. But that’s about the only similarity with the traditional role of boss. All these things help to create a culture that people buy into and such a flat structure is fundamentally important to what we are and what we are trying to achieve. The nature of modern leadership. But business has become infinitely more collaborative over the past decade or so.

How Credit Unions Innovate With Innovation Software

eZassi

Innovation is a requirement in today’s business world and credit unions are no exception. By creating and implementing a clear plan, credit unions can create and nurture a culture of innovation that works to not only provide the best possible member experience, but also get the most out of each employee. How Technology Can Support How Credit Unions Innovate. 7 Ways Credit Unions Innovate with Innovation Software.

Wazoku Secures New Funding from Barclays

Wazoku

Crowdsourcing specialist Wazoku secures new funding from Barclays to support further development. Wazoku a UK crowdsourcing company and leading provider of collaborative innovation software, has received new venture debt finance from Barclays of £680,000. A total of £2.3m We are an early adopter of this new offering from Barclays and delighted to have secured their support,” commented Simon Hill, founder and CEO at Wazoku. “We

U.S. Air Force Leverages External Innovation to Surface Innovative Ideas

Planview Spigit

Providing our airmen and women and operators of the US Air Force with top-notch technology is crucial to keeping our country safe. Spigit recently partnered with AFWERX, a product of the Air Force launched. with innovation hubs around the US, to solve some of their biggest challenges through crowdsourced innovation. How is AFWERX harnessing the ideas and creativity of these contributors? External Innovation

Qmarkets to Foster Financial Innovation at One of Germany’s Largest Savings Banks

Qmarkets

Heilbronn, Germany, March 28th, 2019 – Kreissparkasse Heilbronn is one of the largest savings banks in Germany and deeply connected to the city and the district of Heilbronn. To better prepare for the challenges of transformation, Kreissparkasse Heilbronn is implementing innovation management in a process-oriented manner, both to strengthen its culture of innovation and increase agility.

The Winning Formula for Financial Process Improvement – How TSYS is Defining the Future of Fintech

Qmarkets

There has never been a more critical time for financial firms to prioritize innovation. Rapidly changing customer behaviours, disruptive digital technologies, and the emergence of agile fintech start-ups means that disruption is an ever-present danger. To counter these challenges, companies are increasingly focused on creating a culture of innovation to achieve financial process improvement.

8 Innovative Baby Boomer Knowledge Management and Retention Strategies

Idea to Value

The innovation book Robert’s Rules of Innovation: A 10-Step Program for Corporate Survival presents 10 Key Imperatives your business must take to achieve profitable business growth through innovation in today’s “innovate or die” business world. Even the most brilliant, innovative ideas will become nothing but unfulfilled fantasies if they can’t be properly implemented. Some types of knowledge can only be obtained through actual experience.