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.

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? Importance of innovation management.

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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.

4 Signs It’s Time to Hire an Innovation Management Consultant

IdeaScale

Innovation management consulting has emerged as a profession as businesses, nonprofits, and other organizations have started prioritizing innovation. Innovation management consultants help organizations establish innovation programs and keep innovation on track. Organizations of all kinds have watched as innovative companies disrupt industries and change the competitive landscape. Trying to innovate everything at once can backfire.

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.

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.

3 Ingredients Every Innovation Management Software Should Have…And Why

Planview Spigit

In the wake of new technological advances in pretty much every industry, a growing number companies have identified a new way to surface new opportunities for driving both business and societal value. Crowdsourced innovation, managed by. innovation management software. Innovation management software, such as Spigit, enables the automation and acceleration of this process – from generating ideas to bringing them to market, to drive business results.

Everything you need to know about innovation management software

hackerearth

Although enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management software (IMS)? Poor innovation implementation.

Can Crowdsourcing Support Your Operational Excellence Strategy?

Qmarkets

Operational excellence is a business principle which is currently supported by a range of process management tools and methodologies, however, these approaches fail to utilize the most valuable resource at the disposal of all large organizations - their employees.

Innovation management software: Everything you need to know

hackerearth

Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management software (IMS)? Poor innovation implementation.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Or, is it the incompetence that underlines the failure to anticipate change and stay ahead of the curve? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. The rules of the game have changed. For survival, innovation is almost obligatory (Drucker, 1999).

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Or, is it the incompetence that underlines the failure to anticipate change and stay ahead of the curve? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. The rules of the game have changed. For survival, innovation is almost obligatory (Drucker, 1999).

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.

Participation leads to Innovation

Destination Innovation

Spigit is a leading innovation management software company. They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’ ’ Northwestern University’s Kellogg School of Management carried out a study of data from 154 corporate customers of Spigit over a five year period. They found that four factors were particularly important for success with innovation and growth.

6 Reasons for SMEs to use Innovation Management Tools

Qmarkets

Typically innovation management is seen as the domain of large organisations , who can afford to invest a lot of time and effort into pushing forward a company-wide initiative. While previously this may have been the case, smaller organisations are now discovering that they have got just as much to gain from the implementation of this software as the larger corporations. The Scale of Engagement .

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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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6 Reasons for SMEs to use Innovation Management Tools

Qmarkets

Typically innovation management is seen as the domain of large organisations , who can afford to invest a lot of time and effort into pushing forward a company-wide initiative. While previously this may have been the case, smaller organisations are now discovering that they have got just as much to gain from the implementation of this software as the larger corporations. The Scale of Engagement .

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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 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. The skinny: Phil McKinney is THE innovation podcast guy.

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. Of course you do.

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Qmarkets & Intesa Sanpaolo Card: Tailoring Innovation Management for the Finance Industry

Qmarkets

Intesa Sanpaolo Card is a provider of payment solutions, which was founded in 2009 as a member of one of the largest banking groups in Europe. Intesa Sanpaolo Card maintains and manages different type of card-holder data for more than 5.6 An Innovative Foundation. However at this point the innovation initiative was handled offline, with ideas being submitted either through email or a physical suggestion box. Crowdsourcing success.

Qmarkets & Intesa Sanpaolo Card: Tailoring Innovation Management for the Finance Industry

Qmarkets

Intesa Sanpaolo Card is a provider of payment solutions, which was founded in 2009 as a member of one of the largest banking groups in Europe. Intesa Sanpaolo Card maintains and manages different type of card-holder data for more than 5.6 An Innovative Foundation. However at this point the innovation initiative was handled offline, with ideas being submitted either through email or a physical suggestion box. Crowdsourcing success.

4 Ways to Beat Innovation Management Anxiety- How to Get Past the Fear and Find Your Next Big Idea!

Qmarkets

The philosopher Aristotle diagnosed fear as ‘pain arising from the anticipation of evil’. Over 2000 years later, C-suite executives at major companies the world over are certainly feeling this specific pain when it comes to innovation. Many anticipate the possibility of leaping towards news heights, only to plummet down to unknown depths…. Some companies also fear innovation will compromise corporate security and intellectual property. Fearing Loss of Control.

Can Crowdsourcing be used to Create Operational Excellence?

Qmarkets

Operational excellence is a business principle which is currently supported by a range of process management tools and methodologies, however, these approaches fail to utilize the most valuable resource at the disposal of all large organizations - their employees. This audience is already delivering results across a huge range of use cases, from disruptive innovation to new product development, so why is it currently being overlooked by operational excellence leaders?

Can Crowdsourcing be used to Create Operational Excellence?

Qmarkets

Operational excellence is a business principle which is currently supported by a range of process management tools and methodologies, however, these approaches fail to utilize the most valuable resource at the disposal of all large organizations - their employees. This audience is already delivering results across a huge range of use cases, from disruptive innovation to new product development, so why is it currently being overlooked by operational excellence leaders?

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.

15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit. In fact, according to some estimates by Doblin , 96% of all new innovations which established companies attempt fail to make a return on investment. 40 principles of TRIZ.

Top 10 Innovation Links of the Week: 11.20.15

Planview Spigit

Welcome to Spigit’s weekly link roundup, where we feature a carefully curated selection of our favorite links to great content on innovation, crowdsourcing, and more from around the web. The skinny: Learn about innovation disruption in the healthcare industry. Leaders will come together at the Chief Innovation Officer Summit to discuss strategies and obstacles when innovating in healthcare. Getting to ‘Yes’ for Corporate Innovation.

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Intrapreneurship – the art of thinking inside the box

The Future Shapers

In 1996 Michael Porter described strategy as leveraging the resources of an institution to maintain a “unique competency”. Innovation” tends to provide more questions “intrapreneurship” is the answer (in my humble opinion). This is crowdsourced, people-focused innovation.

The Total Economic Impact of an Innovation Program Driven by Spigit

Planview Spigit

When establishing an innovation program, business leaders often struggle with forecasting the potential economic impact. To address this, Spigit commissioned Forrester Consulting to conduct an independent study examining the value customers receive from implementing an innovation program that leverages Spigit’s enterprise innovation management software. To quantify the complete value of innovation program that leverages Spigit’s. Crowdsourcing

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.

Employee Engagement Propels Innovation

Planview Spigit

Most companies will agree that innovation is critical to sustaining growth and remaining competitive. Creating a culture of innovation is seen by most business leaders as the number one way to drive innovation for the business. However, for this culture to exist, employee engagement is imperative. A culture of innovation relies on employee engagement and a shared vision for a company’s success.

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.

How to scale innovation

hackerearth

In today’s competitive landscape, it’s important that your products stay ahead of the status quo so you can set apart your company’s offering from the competition. With that in mind, it becomes important for companies to efficiently invest their resources toward coming up with new ideas and developing innovative products. In the process of developing cutting-edge products, innovation is just the first step. Hackathons as tools for innovation.

How to scale innovation

hackerearth

In today’s competitive landscape, it’s important that your products stay ahead of the status quo so you can set apart your company’s offering from the competition. With that in mind, it becomes important for companies to efficiently invest their resources toward coming up with new ideas and developing innovative products. In the process of developing cutting-edge products, innovation is just the first step. Hackathons as tools for innovation.

How to enable inclusive innovation

hackerearth

The innovation system would meet the needs of every person. Inadequacy or inaccessibility should not constrain people’s innovative ability. Considering how difficult it is to achieve this perfection, we strive for an equally worthy goal of continuous improvement—to generate economic growth that is socially inclusive. What is inclusive innovation? Here, the excluded groups are both producers and customers of innovations. Innovation Management

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. Best Practice Innovation

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Choosing the right innovation approach for your business

hackerearth

Undoubtedly a critical aspect of long-term sustainability and survival, innovation is a complex process, which organizations need to be good at. Understanding the term “innovation”. Innovation is a term that carries with it immense possibilities of success and sustainability. Creating new business models or value propositions, enhancing the efficiency of existing businesses, and sustaining growth in a complex competitive and fickle landscape—that’s innovation.

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. Engagement in an innovation program is crucial for success. Best of all, this is all within one solution.

Qmarkets CEO Shares Tips on How to Achieve Innovation ROI with Adi Mazor Kario

Qmarkets

Last week Qmarkets’ Co-Founder & CEO Noam Danon joined Adi Mazor Kario on the Invincible Innovation Live podcast. Noam expressed that “innovation is a state of mind and very much associated with a company’s culture”.

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.

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.