The Ultimate Guide To Idea Management
The Ultimate Guide To Idea Management
The Ultimate Guide To Idea Management
APRIL 2021
The ultimate
guide to idea
management
SECTION: COLLECT
5. HOW TO SET UP A CAMPAIGN / MISSION?
SECTION: SELECT
7. HOW DO YOU SELECT THE BEST IDEAS FOR AN EFFICIENT AND
SUSTAINABLE PROCESS?
SECTION: EXECUTE
8. HOW TO TRANSFORM IDEAS INTO PROJECTS TO IMPLEMENT
INNOVATION SUCCESSFULLY
SECTION: REPORT
9. HOW TO REPORT IDEA MANAGEMENT RESULTS
SECTION: IMPLEMENTATION
10. HOW TO IMPLEMENT IDEA MANAGEMENT INTO YOUR ORGANIZATION
WITH IDEA MANAGEMENT SOFTWARE
11. CONCLUSION
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1. Introduction to idea
management
For some people idea management is still
very unknown This guide is designed to
.
What is idea
management?
As per Gartner idea management is a
,
2
The difference between idea
management and innovation
management
Since both innovation management and idea management are central to the innovation
process many people usually mix them up The truth is that they are quite different from each
, .
other .
The main goal of idea management is to generate the best ideaspossible to support the
innovation process and help the organization fulfill its business and innovation goals
.
It may not be a challenge for most people to manage a couple of ideas But we are talking
.
about thousands of good ones here which would make management almost impossible if you
,
To put it simply innovation management is the process of managing the overall innovation
,
Yes it also involves idea management This is the root of the confusion But when you look at
, . .
the bigger picture idea management is only one of the processes involved in innovation
,
management .
The difference
The difference between innovation
management and idea management isn t ’
3
2. Why are ideas
important and what
is their value?
INNOVATION IS ESSENTIAL. TO STAND
OUT, DEVELOP AND ADD VALUE IN
HIGHLY COMPETITIVE MARKETS.
4
Ideas are usually mentioned multiple times 'INNOVATION CYCLES ARE SPEEDING UP,
or are copies of others Low investment
. AND SECTORS ARE MERGING. THE
ideas are perceived as less meaningful BARRIERS ARE LOWERING; THE FUTURE
because people would much rather work IS APPROACHING RAPIDLY, AND NEARLY
on something more challenging than on EVERY COMPANY IS STRUGGLING WITH
something easy . THE IDEA OF CHANGE. THE DISRUPTORS
BORN IN THE MODERN AGE RECOGNIZE
Managing ideas in a structured way helps THE NEED TO CHANGE. IF YOU ALWAYS
to recognize the logical value of ideas An
. LOOK FOR SOLUTIONS THAT ARE
example is the separation of idea creation IMPORTANT TO YOUR COMPANY OR
and selection By dividing idea
. INDUSTRY, YOU WILL BE ABLE TO
management into idea creaction and PREDICT PROBLEMS FOR POTENTIAL
selection better results will be achieved
, . DISRUPTION AND INCREASE YOUR
Important in this process is that it must be COMPANY ADVANTAGE’.
managed correctly .
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3. How to measure the
potential value of ideas?
It s best to approach innovation with a
' Your goals will assist you in setting targets
long term mindset it s not about instant
- ; ' and KPIs that are aligned with your overall
success The CEO will normally set a goal
. , plan allowing for more insightful
,
but the efforts to achieve it are typically reporting Those responsible for achieving
.
delegated to senior and mid management - the goal must ensure that they fully
,
Meaningful goals
Meaningful goals must be set You should .
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4. How to promote the
innovation culture in your
company?
Curiosity Creativity
Employees must be given the opportunity The foundation for innovation is set by
to follow their curiosity and discover new creative ideas Creativity can be taught
.
ideas that surprise and inspire them . because everyone has creative capacities
Curiosity is seen by many companies as a that can be developed When workers are
.
distraction from its productivity On the . asked to turn an idea in for something in
other hand encourages workers to test
, return their creativity shines trough HR
, .
ideas that spark their interest which may , should collaborate with leaders to
lead to new opportunities for the company . encourage workers to be more creative .
Allowing time for this discovery without They should allow them to try innovate
the fear of consequences is critical . approaches to problems Tangible .
workflow inconsistencies Many of these. working with various teams can all assist in
ideas have the potential to become a the development of ideas .
game changer
- .
the most promising ideas and enable for needed to succeed on innovation To push .
the consequences of reaching a dead end . a diverse team that can bring fresh ideas
–
Employees who learn to take risks help and quickly identify and fill any gaps .
their companies stay ahead of the market , Collaboration is an effective tool for
and if the risk pays off this can lead to
, innovation as employees can pool their
meaningful innovation When taking
. collective knowledge to execute on ideas .
again.
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SECTION: COLLECT
5. why set up a
campaign/mission?
Id ea g enerat i on or i d eat i on i s t he c reat i ve p roc es s of c ol l ect i ng and
i mp rovi ng i d eas. Wi t h b rai nst orm c amp ai g ns you c an p roact i vel y
g enerat e many i d eas i n a short p eri od of t i me. As Innovat i on
Manag er you w ant t o have your p i p el i ne c onst ant l y fi l l ed w i t h new
i d eas, no mat t er how g ood or b ad t hos e i d eas are. In fac t , t here are
no b ad i d eas . E very i d ea can b e ( p art of a b i g g er) sol ut i on, s o you
w ant t o have an op en and ob ject i ve ap p roac h t ow ard s c ol l ect i ng ,
anal yz i ng , revi ew i ng and b ui l d i ng on t hose i d eas for p ot ent i al new
s ol ut i ons, new p rod uc t s or s t rat eg y i mp rovement s . R eg ul arl y set t i ng
up b rai ns t orm c amp ai g ns i s very val uab l e for your i d ea g enerat i on
p roc es s.
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6. What target groups do you
invite?
Because of the strength of the audi ence, Larger compani es are starti ng to see the
an i dea shared i s a probl em sol ved. You'l l val ue of i ntegrati on crowdsourci ng i nto
gai n an i mportant understandi ng of thei r i nnovati on strategy
operati onal effi ci enci es whi l e i ncreasi ng Crowdsourci ng i s used for:
transparency and i nformati on shari ng by New product creati on
engagi ng di verse and di sparate groups Process and servi ce i nnovati on
and promoti ng col l aborati on on i deas Empl oyee communi ty and network
regardl ess of si z e. engagement
Busi nesses to keep up wi th thei r ri val s
Crowdsourci ng i s seen by many start-ups and devel opi ng better management
as the speci al formul a i n thei r busi ness techni ques.
model s. A bi g group of peopl e may bri ng a
l evel of di versi ty, the scope of i deas, and
experi ence to the tabl e that makes
col l ecti ve knowl edge much more val uabl e
than the advi ce of a few experts.
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Target groups
Engaging employees Involving stakeholders
The success of a company is as much based It s important to include all stakeholders in
'
employees are engaged and happy with promoters and you ll benefit from
, '
challenge becomes more difficult Every . gold mine of ideas Partners can not only
.
company has its own group of potential share a large volume of information from
innovators at its fingertips but many are so
, current and potential clients but they may
,
struggle to recognize and unleash the messaging and resolving some of the most
,
problem .
Engaging customers
By including customers in the conversation you ,
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SECTION: SELECT
It 's eas y t o c ome up w i t h i d eas; i t 's more d i ffi cul t t o anal yz e and
furt her d evel op t he ri g ht ones . O ft en, i nnovat i on fai l s not b ecaus e of
a l ac k of cul t ure or d esi re t o b e c reat i ve, b ut b ec aus e of an i nab i l i t y
t o und ers t and t he p roc es s of i nnovat i on. If you d on't d o i t , you ri s k
l os i ng a l ot of g ood i d eas. If you t hi nk of i nnovat i on as a met hod for
g enerat i ng and cap t uri ng i d eas t hat are s ep arat e from b usi nes s
execut i on, i t w i l l fai l .
In t he end , t he i nnovat i on manag ers are kep t res p ons i b l e for not
onl y t he p rot ot yp e's succ es s, b ut al so for t hei r d ec i s i on t o move
t hei r c onc ep t or p rot ot yp e forw ard . When you are b ei ng c onfront ed
w i t h t he q ues t i on w hy you d i d c hoos e for t he p rot ot yp e, you mus t
have an arg ument t hat g oes b eyond your g ut i nst i nc t . Y ou must
exp l ai n w hi ch cri t eri a you used t o make your d eci si on. O n t he next
p ag e you c an fi nd 7 cri t eri a t hat you s houl d cons i d er t o use.
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7 CRITERIA YOU SHOULD CONSIDER
1. Clarity
Leaders can select the idea that makes the fewest assumptions By .
leader who promotes innovation won t always take the well ' -
2 . Usability
Does the idea fulfill a practical need Does it answer some ?
does is it likely that the idea can find a market niche The
, ?
3. Stability
Is this a niche idea answering a one time unique need or customer
-
demand Does the idea have some market stability over time
? ?
Ideas that become outdated before they even reach the market are
ideas that should be selected with extreme caution .
4. Scalability
Is the prototype capable of being scaled Can it be duplicated with ?
5. Stickiness
Can this idea become a habit or a trend Often stickiness is used ? " "
6. Integration
Is this idea fully integrated with the organizational strategy Often ?
ideas and prototypes are wonderful in their own right but outliers ,
7. Profitability
This is usually what everyone focuses on Competing ideas are .
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SECTION: EXECUTE
8. How to transform
ideas into projects to
implement innovation
succesfully
Id eat i on i s a very i mp ort ant st ep i n t he p roc es s of i nnovat i on.
G enerat i ng i d eas i s s i mp l i fi ed t hanks t o i d ea g enerat i on soft w are.
E mp l oyees can s ub mi t t hei r i d eas us i ng t hei r comp ut ers and p hones,
w hi ch makes i t more fl exi b l e t han, for examp l e, meet i ng s. T he
g enerat i on of i d eas i s org ani z ed b y ob j ect i ves w here t hey c an
b rai nst orm. T o know w hi ch i d eas are t he b est , revi ew i ng round s are
i mp l ement ed . T he us ers rat e t he i d eas b ased on, b y t he i d eat i on
c reat or’s chos en, vari ab l es t o recei ve i ns t ant feed b ac k on t he q ual i t y
of every i d ea.
If you w ant t o t rans form your i d ea i nt o p roj ect s t hat are func t i onal
and s us t ai nab l e, here are some t i p s t o hel p you g et st art ed .
3. Bui l d i ng a concep t
Bui l d a conc ep t or vi ab l e p rod uc t fi rs t . A p rot ot yp e or concep t can b e
a p res ent at i on or a p revi ew of t he p rod uc t you w ant t o offer. T he
i d ea i s t o b ui l d s omet hi ng t hat p ot ent i al b uyers can hol d or
exp eri enc e. It coul d c os t you t ens of t hous and s of d ol l ars i f your
p rod uct fai l s t o meet t he exp ec t at i ons. It 's g ood t o as k for feed b ac k
or revi ew s from t he c us t omers , t o make i mp rovement s t o your
p rod uct b efore rel eas i ng i t .
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4. Is the product needed i n the market?
REMEMBER, NOT EVERY
Consi der i f the product appeal s to a wi de
l are enough audi ence. Is your product IDEA HAS THE POTENTIAL
goi ng to be needed or wanted by a l arge TO TURN INTO A PROJECT IN
amount of peopl e to justi fy i ts exi stence?
You don't need somethi ng that everyone
YOUR BUSINESS. KNOW
on the pl anet wi l l want, but you do need WHEN YOU'RE MAKING
enough of a customer base, or at l east a
STEPS IN THE RIGHT
recurri ng customer base, to make i t worth
your ti me. DIRECTION, AND ALSO IF
IT'S TIME TO CUT YOUR
5. Know how you can get fundi ng or
i nvestors.
LOSSES AND MOVE ONTO
It i s possi bl e that you need start-up THE NEXT PROJECT.
capi tal dependi ng on the nature of your
company. Have you saved some money up
or do you know peopl e that are wi l l i ng to
i nvest i n your company? Addi ti onal l y, l ook
for fundi ng or government grants that
assi sts young entrepreneurs and recent
graduates.
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SECTION: REPORT
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SECTION: IMPLEMENTATION
If your org ani z at i on i s act i vel y s eeki ng out i nnovat i on op p ort uni t i es ,
t hen you need i d ea manag ement s oft w are. For i nst anc e, l et ’s s ay
t hat one of t he g oal s of your org ani z at i on for t he next fi ve years i s
t o p ush out anot her l i ne of p rod uc t s. T o ac hi eve t hi s, you have s et
up a l ot of p hys i c al and / or d i g i t al b rai ns t ormi ng s es si ons t o t hi nk
t hroug h vari ous p rod uct i d eas. E ven w i t h c ons t ri ct i ng your i d ea
g enerat i on ac t i vi t i es i n a smal l i nt ernal g roup , you mi g ht s t i l l g et
hund red s of i d eas .
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The probl em wi th manual l y goi ng through al l these i deas i s that you’d waste a vast amount
of ti me. Wi th i dea management software, you wi l l be abl e to easi l y col l ect al l those i deas and
do a sel ecti on l ater. That was one exampl e. Other i nstances for when usi ng an i dea
management sol uti on i s a good i dea i ncl ude:
To i mpl ement i dea management i nto your organi z ati on i t i s i mportant to know whi ch features
are i ncl uded i n the pl atform. The features can be grouped i n three categori es:
Idea campai gns (chal l enges)
Idea col l ecti on (reacti ve)
Idea management
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brainstorm campaign
Idea management tool s onl y work i f there are i deas. That i s why i t i s i mportant that the
software al so has campai gn features that wi l l al l ow the user to create campai gns meant to
chal l enge members i nto contri buti ng i deas around a speci fi c theme (or probl em).
To spi ce i t up, great tool s have gami fi cati on features to hel p i ncrease the engagement and
creati vi ty l evel s of the members. Some gami fi cati on features may i ncl ude:
Leaderboards
Undercover mode
Experi ence poi nts
Mi ssi on countdown ti mer
Accept Mi ssi on has an undercover mode that you can use l i ke your own avatar (you can be
James Bond). You wi l l then be abl e to l ay down your i deas wi thout the others knowi ng who
“James Bond” real l y i s. Thi s al so hel ps others see the i deas submi tted and rate them
accordi ngl y wi thout bi ases. If you are a manager, your empl oyees do not have to put a
“thumbs up” on your i deas just because those came from thei r “boss”.
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IDEA collection
Some great i deas come when you l east expect them. A good exampl e of thi s i s when you are
i n the shower. Accordi ng to a psychol ogi st, thi s can be attri buted to the “rel axi ng, sol i tary,
and non-j udgmental shower envi ronment that may afford creati ve thi nki ng.” That i s why i t
hel ps i f the i dea management software has some sort of way to col l ect i deas even wi thout
campai gni ng or havi ng an acti ve chal l enge to the members.
For exampl e, by usi ng Accept Mi ssi on, you can create “i nboxes” about certai n themes,
questi ons, and probl ems, and your members can drop thei r i deas any ti me they thi nk of one,
whenever (and wherever) i nspi rati on stri kes.
Natural l y, gami fi cati on features shoul d sti l l appl y (l i ke bei ng abl e to drop i deas whi l e
undercover and gai n experi ence poi nts from doi ng so). It al so hel ps i f there i s a way for
members to i nteract on the i deas from other undercover agents by means of l i ki ng or even
commenti ng.
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IDEA management
Thi s i s where most of the acti on takes pl ace after i deas are col l ected. It wi l l not be cal l ed
i dea management software wi thout capabi l i ti es and features to do so and thus separate thi s
ki nd of tool from other i deati on pl atforms l i ke brai nstormi ng and mi nd mappi ng software.
To gi ve you an exampl e, you know that there i s an i nbox feature where members can drop
an i dea whenever they thi nk of one. After doi ng so, moderators and managers can then
move those i deas i nto vari ous col umns, Kanban-styl e.
As you can see from the i mage above, the i deas submi tted i n the i nbox start from the l eft-
most col umn. As you revi ew the i deas, you can drag and drop the i deas i nto the col umn the
best descri bes them.
The bottom l i ne i s that usi ng i dea management software can make a whol e l ot of di fference
i n your organi z ati on’s i nnovati on process. Asi de from savi ng a l ot of ti me from managi ng
numerous i deas, you wi l l al so have an easy way of stori ng al l of them for future use.
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11. Conclusion
You can si gni fi cantl y i mprove qual i ty whi l e l oweri ng costs by empoweri ng your empl oyees
to unl eash thei r i nner i magi nati on, creati ng the ri ght envi ronment for them to do so, and
i mpl ementi ng i nnovati ons as strategi c or breakthrough i mprovements. In a sustai nabl e
and repeatabl e manner, the ri ght i dea management cul ture and strategy wi l l dri ve
posi ti ve resul ts, boost growth, and bui l d a real competi ti ve advantage. Compani es that
use these factors are the compani es that wi l l be at the top of thei r vari ous markets. We
hope that thi s gui de ai ds you i n the devel opment of your i dea management and
understandi ng how you can i mpl ement i t i n your busi ness.
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