Meetup: InnovationHQ January 30, 2014: Crowd Innovation - Why It Matters and How it Works

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Crowd Innovation, as embodied in Innovation Management Software Systems, is being increasingly used by large organizations and enterprises to source ideas at scale from their employees, partners and customers, and help identify the best new business opportunities. Done right, these techniques can help you make incremental process improvements, achieve cost savings, create incremental and disruptive product breakthroughs, and importantly, engage employees and customers at scale.

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Meetup: InnovationHQ January 30, 2014: Crowd Innovation - Why It Matters and How it Works

  1. 1. CROWD INNOVATION Why it matters Who’s doing this How it works #InnovationHQ Milind Pansare @milindpansare vp product marketing at Mindjet InnovationHQ Meetup January 30, 2014 Confidential
  2. 2. WHY IT MATTERS Confidential
  3. 3. Confidential
  4. 4. Lifespan on S&P500 is 60% shorter today than in 2000. Confidential 4
  5. 5. 3 out of 4 companies on the S&P 500 will be gone in the next 15 years Confidential 5
  6. 6. 3 TOP BUSINESS ISSUES ①  Grow Revenue ②  Innovate for Competitive Differentiation ③  Reduce Costs through efficiencies 66% 61% of CEOs say that Innovation is a priority - pwc - MIT Sloan/Deloitte Study don’t have well defined Innovation strategies - Accenture 75% 77% 10% concerned with not having enough ideas of employees never use their enterprise social network success rate of “Provide and Pray” approach of executives are - Corporate Executive Board Confidential - Forrester Research - Gartner 6
  7. 7. WHO’S DOING THIS Confidential
  8. 8. Five award categories: Internet of Things Big Data Future Cities Mobility Collaboration Mindjet and Spigit Confidential British Innovation Gateway Awards: Partnership with London Olympic Games to promote innovation. Announced by Cisco’s CEO, John Chambers, and Prime Minister, David Cameron. “We were clear on our initial thoughts of what our legacy from 2012 should be; we wanted to have a meaningful impact attaching Cisco to the UK in a big way, making the focus on innovation, skills and learning.” - Tom Kneen, Head of Business Development, Cisco UK
  9. 9. Mindjet and Spigit Confidential
  10. 10. Mindjet and Spigit Confidential
  11. 11. Mindjet and Spigit Confidential
  12. 12. Confidential
  13. 13. Confidential
  14. 14. HOW IT WORKS Confidential
  15. 15. TECHNOLOGY GET IDEAS AT SCALE - FROM YOUR EMPLOYEES, CUSTOMERS AND PARTNERS. SURFACE THE BEST IDEAS - FOR IMPACTFUL BUSINESS OUTCOMES. MAKE IT A SCALABLE, PREDICTABLE, AND QUANTIFIABLE BUSINESS PROCESS. Confidential 15
  16. 16. CREATE A CULTURE OF INNOVATION – SUSTAINED ENGAGEMENT Solve specific organizational challenges on a timeline Anywhere, anytime, any device Engage at scale, ensure diversity of opinions and aggregation of knowledge Confidential 16
  17. 17. DRIVE BUSINESS OUTCOMES – INNOVATION ENGINE Ensure all ideas are carefully considered and the best ideas are surfaced. Define idea stages and automated graduation criteria that are a fit for your organization. Use the crowd to do heavy lifting in initial stages and then use the built-in fusion workflow engine for expert evaluations in later stages Confidential 17
  18. 18. REPORTING AND ANALYTICS – REPEATABILITY & PREDICTABILITY Measure innovation with the help of business analytics, dashboards and reports Match the workflow to your business process Confidential 18
  19. 19. Delivering Value Across the Enterprise Strategy Confidential Product Innovation Process Improvement 19
  20. 20. Thank You milind@mindjet.com @milindpansare @mindjet www.mindjet.com Confidential 20

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