We are around and connecting with business leaders to empower people within companies to build what’s coming next together. Get in touch to meet via the Web Summit app: Diana Carvalho and Andreia Dias.
Exago announces a technological and business partnership with Microsoft, to strengthen its product scalability and performance and to accelerate growth in sales.
Just a little over two decades ago, engaging external stakeholders was a rare thing. Now, open innovation is trendy. Why is this? For a start, change has become the rule.
The biggest challenge multinational companies face today is how to build an organisation where collaboration is sustainably enabled by technology, processes, capabilities and behaviours. Where collective intelligence becomes the ‘muscle’ behind innovation. And where people, individually and as teams, work beyond their job description, and everyone, anywhere, can make a difference.
No returns, no play. Many innovation programmes have been shut down based on this mindset. How to make sure that yours won’t? Our services and software teams have joined efforts to create a structured model that makes sure idea management works and you, as an innovation executive, regain control of your mission. We have thus developed an idea management formula that produces results. Always.
Online platforms are powerful innovation enablers – the building blocks to produce outcomes. But they won’t stand on their own. If you want to create a true innovation culture, you need to have as many people as possible participating in the process. You need to manage those tools efficiently.
‘What’s in it for me?’ is the question your people will ask. Incentives motivate people. It’s not necessarily about tangible rewards such as prizes, but, most of all, recognition. Being recognised and to gain visibility inside the organisation motivates people to contribute to idea management programmes in every stage of the process – from thinking to creation to action.
If people don’t come, your innovation efforts stand no chance. Active and clear communication is fundamental to maximising engagement, guaranteeing adequate participation. It also assures community awareness. Building a witty communication plan – one that lives and breathes innovation – is paramount for the success of your idea management programme across borders.
Whether you seek to apply innovation management to solving very specific business challenges or to creating a companywide culture and capability, ask yourself, ‘What do I want to change in my organisation?’ Understanding your ambitions helps you materialise a migration path, set your expectations and allocate resources more rationally.