Innovation management platforms help organizations make business implementations that will enable engineers and managers to collaborate in understanding the processes and goals of an organization.
Innovation management solutions
Innovation management contains a myriad of components in order to achieve their goal of ensuring perfect services to the customers, partners, and suppliers by using feedback and suggestions.
They are as follows;
a) Enterprise innovation
This enables one to have a management system over the organization’s activities with regard to innovation. This works in several ways,
● It automatically generates data from all sources whether public or private, that one is able to access and also helps put together supporting data for ideas that are ongoing.
● It provides a simple context which is run online under a tool that can be used to manage innovation events.
● There is a system that is programmed based on one’s needs, models, and investments.
● There is a shared platform that empowers both employees and organization to come up with solutions together.
● The innovation management platform such as the one offered by Planbox also provides a system of recording. This helps in the management of ideas, suggestions, and feedback.
Therefore, by using all these, better decisions can be made and higher returns can consequently be achieved.
b) Continuous improvement platform
This can be broken down into several steps which are;
i. Discover- This is essentially a process of collecting new concepts and ideas.
ii. Evaluate – Here the ideas and concepts are valued using different criteria.
iii. Decision –In this step one chooses the best idea from the collection that is being evaluated.
iv. Plan –this essentially is the process of coming up with the relevant concepts.
v. Implementation-this is now the development of a method that works.
c) Idea management
This involves having processes for collection, evaluation, and development of new ideas.
This is essential as it enhances cooperation within the team, and also increases the level of employee’s engagement. This is essentially done through brainstorming among the people involved. Finally, this can be incorporated into human resources so that it can give recognition to employees as well provide them with incentive.
d) Design thinking
In this step, one works with the customers to give input into one’s design of the solution for the innovation management platform. It will usually involve the following steps:
Listening – to the different concepts and ideas that are proposed
Identify – the areas that need to be addressed
Create an idea – come up with the most relevant concept that tackles the need
Collaborate – work together as a team with all the various stakeholders
Evaluation – look at the pros and cons of the concept that had been chosen
Experiment – do a test run to determine that everything works properly
e) Open innovation
Open innovation involves working together both within and outside the organization with individuals who have the relevant knowledge and expertise so as to come up with a new creation. This would necessitate coming up with teams composed of employees as well as external stakeholders so as to come up with new ideas and identify relevant solutions. This creates different approaches to solving an issue or even finding a totally new way of approaching a problem.
f) Work and project management
It involves the use of a tool for all the teams to use so as to keep track of projects and tasks that are being currently worked on within the organization in the innovation management platform.
g) Strategy and market research
This works by use of an automatic researching tool which is used in the assessment of new ideas, models, and opportunities and is also able to identify new business opportunities. This comprises internal and external data sources in the market which helps in determining and evaluating technology and services available based on what they deliver.
h) Employee engagement
This entails listening and learning from the organization’s employees. This is in regard to their relevant knowledge and experience and then acting on those suggestions and feedback.