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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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.

Culture: Innovation’s Biggest Challenge

IdeaScale

We asked our customers what their number one priority was for the coming year and the leading priority was: culture. We thought that maybe our customers would be focused on generating new ideas, implementing new ideas, understanding the value of new ideas, but in the end it came down to the environment those ideas lived in – an organization’s culture. But culture is multifaceted and a quality innovation culture influences a number of different things.

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.

What is Crowdsourcing for Innovation?

eZassi

What is Crowdsourcing for Innovation? Crowdsourcing and co-creation is an essential arm of conducting smart business. How to channel your internal and external crowd for innovation, ideation and collaboration. What is the Goal of Crowdsourcing Innovation? By harnessing the collective creativity of the crowd, you can exponentially increase the number of solutions that are submitted in response to a certain challenge.

Crowdsourcing Your Way to Innovative Success

Rocketspace

Every business wants to be as nimble and innovative as startups, but ambition and execution can be two very different things. A Harvard Business Review survey of 3,500 corporate professionals in the U.S., Canada, the UK, Germany, and India earlier this year found that most employees believe that innovation is the responsibility of everyone at the company, but many workers aren't getting the resources that they need. Corporate 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 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.

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: 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.

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.

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.

How KBC Bank Used Crowdsourced Innovation to Create Massive Employee Engagement

Planview Spigit

They never see the light of day. KBC Bank, a European bank and financial services leader , is an example of a company that experienced disruption first hand. But instead of sitting idly by, they decided to do something about it. Financial services, like many industries, is going through a tremendous amount of change. Consumer behavior has changed demanding more personalization, convenience, and ease of use from the products and services they use. Innovation

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?

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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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 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. Innovation and the Art of Implementation.

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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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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. Crowdsourced innovation is simply the process of gathering and surfacing ideas and solutions at scale from the people that know your business best – your workforce, customers, and partners.

5 Takeaways from the 2016 Chief Innovation Officer Summit in New York

Planview Spigit

The recent 2016 Chief Innovation Officer Summit in New York saw no shortage of phenomenal topics, speakers, and discussions. Building a culture of innovation. While there was plenty of information to absorb in every session, here are our five key takeaways. Related article: 6 Key Takeaways from the 2016 Chief Innovation Officer Summit. You don’t change culture by issuing a memo. Companies face two options when it comes to innovation.

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

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. Innovation can be approached in many ways.

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. Innovation can be approached in many ways.

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. There are a few things we can extract from the chart: It isn’t just the innovation department running ideation challenges. Ideation is touching many areas of a business.

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.

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 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. Crowdsourced innovation is simply the process of gathering and surfacing ideas and solutions at scale from the people that know your business best – your workforce, customers, and partners.

The Total Economic Impact of Spigit’s Ideation Management Software

Planview Spigit

When establishing an innovation program, business leaders often struggle with forecasting the potential economic impact. To quantify the complete value of Spigit’s ideation management, Forrester analysts conducted in-depth interviews with business leaders from five long-time customers in order to measure the total economic impact over four years. This economic model was used as the foundation of theTotal Economic Impact (TEI) model. Creating a robust pipeline of ideas.

Why Measuring the Value of Your Innovation Program from Day One is Important

Planview Spigit

Every year Spigit conducts its “ State of Crowdsourced Innovation ” customer study to better understand how our customers build and manage their innovation programs. One of the key findings from this research is that a significant shift occurs at around the three-year mark of having an innovation program. This shift centers around measurement of program value. What ideas do we have in our innovation pipeline? 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

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.

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

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.

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

4 Reasons Why Defining Goals is Critical to Successful Ideation Challenges

Planview Spigit

I’ve been working with several ideation program managers recently to launch their first crowdsourcing challenge and noticed that many try to bypass the step of defining goals. At Spigit, we help some of the most successful companies in the world drive their innovation agenda and create cultures of innovation through ideation. In fact, one of the key drivers of engagement is purpose and knowing that you’re contributing to a meaningful goal.

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.

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.