Photo: Austin Ban@unsplash.com

People need to understand clearly the common innovation journey ahead, when developing your idea management programme across borders. They need to have a voice and trust the process.

Prediction markets, as mentioned, are powerful engines to generate, screen and select ideas – in the most efficient and transparent way. You should also give constant feedback on contributions and provide adequate guidance. Both on idea submission and commenting, it’s important to ‘filter’ what is not value creation and ensure people understand how they can create value and improve outcome.

Again, remember to communicate individual and group contributions to ensure transparency and reap the engagement rewards. If you don’t provide constant feedback, engagement will quickly fade away. Once credibility is lost, it’s much more difficult to get people back to the game.

# Implement transparent screening processes
# Communicate successes, contributions and outcomes

Pedro do Carmo Costa, Exago’s director and co-founder
pcc@exago.com

READ MORE:
Number 10 is all about results

FROM THE START:
Innovation programme across borders: 10 best practices to make it work