Despite attention to Open Innovation, few organisations have set up the processes and infrastructure to proactively manage the idea ‘generation to implementation’ process and more importantly, to exchange and share ideas with their eco-system (WEdeas not just Ideas). Most organisations are not short on new ideas, but they lack ways to manage the process. The solution, very often, is simply a matter of creating an (people, process, technology based) environment conducive to Idea / WEdea “management”. Having observed that organisations have different maturity levels in the way they create, implement and sustain Innovation / Idea Management, the author created the Capability Scale for WEdea Management to help managers understand where their organisations stand currently and where they should move towards.
3. Context
o McKinsey Survey 2007 - How companies approach Innovation (n=1458) :
❖ 48% of managers agree with the failure by leaders to model behaviour that encourages
innovation
❖ 60% of Top managers say the biggest hindrance of leadership teams is their failure to
follow communication with action
❖ 40% of Top managers say that they do not have enough of the right kind of employees
o BCG Senior Executive Innovation Survey 2007 (n= 2468)
❖ In the BCG Survey, 34 % cited a lack of coordination within the company as the reasons
preventing achievement of higher returns from their Innovation investments
❖ 22% cited inability to adequately measure performance as the reason preventing
achievement of higher returns from their Innovation investments