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Idea Management & Systems
 

Idea Management & Systems

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A framework for investing in the best ideas and turning them into commercial reality

A framework for investing in the best ideas and turning them into commercial reality

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    Idea Management & Systems Idea Management & Systems Presentation Transcript

    • Idea Management & Systems
      A framework for investing in the best ideas and turning them into commercial reality
      Anand Subramaniam
    • 2
      “Creativity comes from a conflict of ideas.”
      - Donatella Versace
    • Innovation – Organisation's Dilemma
      At any one time, how many ideas do we have in our innovation
      pipeline?
      Do we have a way to generate and track new ideas and how often do we do this?
      How do we define innovation?
      How do we reward innovation?
      What is our innovation process & how effective is it?
      How do we reinforce / motivate innovation?
      What / How…
      When do we innovate best? Why?
      What new products, processes, or services should we explore?
      How do we measure it?
      What sources do we use for new ideas? Internal only? Customers? Vendors?
      How well do we manage the ideas we generate? Why?
      How might we become more innovative?
      3
    • Idea Management
      Provides a framework for measuring the commercial ROI on innovation ideas
      Collects ideas from employees , customers, suppliers
      Defines a process for assessing and filtering ideas
      Idea Management
      Provides a framework for investing in the best ideas and a programme of projects for turning them into commercial reality
      4
    • Idea Management System
      Process to capture, process and assess ideas
      Provides a framework to identify, invest in and measure the return on the most valuable ideas
      Manage ‘Idea Pipeline’ as a commercial asset
      IMS
      Provides a means to manage innovation systematically
      5
    • Managing Idea Pipeline
      Define organisational objectives
      Review current IT systems and capabilities
      Identify and assess vendor solutions
      Perform cost-benefit assessment
      Implement preferred solution as a project – defined goals, KPIs, change management
    • IMS - Components
      7
      Front End Idea Capture
      Front-End processes and tools to harness / collect ideas – the ‘suggestion box’
      Back End Process
      Back-End processes to filter an idea (stage gate assessment) and act on the ideas received
      Develop a programme to implement new products, services and operations
      Architecture
      Architecture with regard to central administration (Idea Council) to assess employee ideas (scoring, collaboration, idea champions)
      Support IT Systems
      Using IT as an enabler for the IMS
    • IMS - Benefits
      Useful for new products, services and business models
      High quality and efficient operations
      Improve market positioning and agility
      IMS - Benefits
      Differentiate from competition
      Achieve growth and increase revenue
      8
    • Idea Management - Roadmap
      Idea
      Capital
      Team
      Go-To-Market
      Business Model
      Revenue Model / Cost Structure
      Test for Reality
    • IMS Critical Success Factors (CSF)
      Highly focused scope vs. solicitation of 'any and all' ideas
      Idea Campaigns vs. Innovation Culture
      Executive support and participation
      Aligned with organisational strategic objectives
      Incentive structures - reward participation, / value of ideas
      IMS - CSF
      Idea Champions
      Well defined innovation process along with metrics
      Integrated process & a culture that supports sharing, sensible 'risk taking', new ideas, and participation
      IMS Policies
      10
    • 11
      “Globalisation has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.”
      - Jack Welch
    • 12
      Good Luck
      http://www.linkedin.com/in/anandsubramaniam