Using Innovation Management Software

Posted on April 25, 2013 by

Anyone who has ever heard of the Wisdom of Crowds, will be familiar with the concept that the many are smarter than the fewer. Or in other words, that two heads are better than one. So when it comes to business, if an organisation isn’t harnessing the wisdom of employees, then they are missing out on one of the greatest resources available to them. Allowing employees to contribute ideas relating to your business can bring great rewards.

Talk-Freely

However, effectively utilising the ideas and creativity of staff demands careful management. Often, businesses have nothing more than a cardboard ideas box in the corner. So if your employees rarely engage with that, is it any surprise?

Innovation Management Software, however, is a highly effective way of pulling together ideas from an organisation into a single platform that can help you manage those ideas. So read on to find out more about how innovation management software works, and how it can benefit your company.

What is Innovation Software?

As with any aspect of management, keeping track of what’s going on requires systems and efficiency. So dealing with and managing employee ideas can easily end up as another ‘pending’ file of random notes, which have to be organised, thought through, presented to other colleagues, approved and then finally implemented. Innovation software then, brings together all those ideas, from the good, the bad and the ugly, enabling your organisation to work on them collaboratively. So by embracing innovation software in your business, you can enable your company to create ideas for new services, new products, and better processes as a whole, rather than relying on top down management decisions being imposed on the workforce.

How Innovation Software Works

Drawing on a social networking model, the latest innovation management software works on the principle of crowdsourcing. Employees are encouraged to use the software as a space to participate in idea generation on a platform that allows others to engage with those ideas

Groups of expertise can be created, ideas can be put forward, people can vote on ideas, and conversations can take place, all within a user friendly and fun social network for your business. . You can even, if desired, involve your customers, by allowing them to contribute too.

But it doesn’t stop there. As you gather information and concepts and allow your group to filter them, you’re also able to actually manage the innovations. A variety of tools and dashboards allow you to effectively manage and monitor delivery of those ideas. So projects can be tracked all the way through  – from the very inception of the idea, to implementation of the idea, down to how successful the idea has ultimately been.

The Benefits

The benefits of innovation management software don’t just stop at the creation of valuable new products or services, but increased efficiency, employee engagement, loyalty and motivation, and a position as a forward thinking company who are aware of the valuable skills and expertise within their very own organisation.

 

Bio: Rob Rudd is a freelance writer who has been working in the IT and software industry for the last 20 years.