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10
Innovation Lessons For Success
66% of the 800+ executives surveyed worldwide
confirmed that their organisations could not survive
without innovation.
Source: PA Consulting Innovation Matters 2017 report
page
02
idea management software
10 innovation lessons for success
page
03
The quickest way to engage employees in innovation is
for them to see their own leadership teams active and
engaged themselves. Lead and others will follow!
It is this type of active engagement that sends a ripple
effect through an organisation and encourages
employees to also participate.
And probably not surprising, the quickest way for any
innovation initiative to fail is to see their leadership teams
disengage.
01leaders must show the
way
idea management software
10 innovation lessons for success
page
04
This is true for most company initiatives but particularly
true when it comes to innovation. There are generally two
main causes for this:
1. poor (or lack of) communications
2. little or no engagement by leadership teams
The first is fairly easy to resolve with a clear
communication strategy and regular updates.
The second however is much more difficult to prevent as
leaders become distracted by other business priorities.
02don’t let that initial
momentum die
idea management software
10 innovation lessons for success
page
05
Innovation is a business critical initiative, though by many
organisations today it is still seen as a second tier
objective.
Innovation needs to be an initiative that every company
embraces as part of the overall business strategy. With
the right leadership, success is only an idea away.
03lead with passion and
influence
idea management software
10 innovation lessons for success
page
06
Choosing the right innovation management software to
capture and refine ideas is critical to the success. Any
innovation digital platform ideally should:
• be simple to use
• be easily accessible (including mobile)
• allow discussions around an idea
• integrate into the existing digital landscape
• include Artificial Intelligence
04not all innovation
platforms are the same
idea management software
10 innovation lessons for success
page
07
People are inherently creatures of habit who do not
always embrace change easily.
A standalone open innovation platform is much more
difficult to attract employee contribution than one that
already integrates into their existing company’s digital
landscape.
Having the latest business challenges, ideas and
discussions feed into a company’s intranet, allows
innovation to filter through and become part of the daily
business work flow.
05don’t make it standalone
See how WIDE IDEAS can
transform your Microsoft Office
365 product suite into a powerful
digital innovation solution.
Request Demo
idea management software
10 innovation lessons for success
page
09
Business innovation today will struggle to be successful
without the inclusion of Artificial Intelligence!
Over the years there has inherently been two major flaws
with innovation platforms once employees begin
submitting their ideas.
1. How to identify Subject Matter Experts (SME’s) to
collaborate on ideas to turn them into potential
innovations
2. How to identify the right ideas to progress with
06artificial intelligence is your friend
The Solution:
Artificial Intelligence can help in both these situations by
analysing all the Big Data captured, including all user
interactions with each idea, and applying a machine
learning algorithm.
AI accelerates the decision-making process.
idea management software
did you know?
page
010
decision-making: AI vs human
In a recent scenario, the Wide Ideas unique Artificial
Intelligence predicted 8 out of the 10 ideas in
under 5 seconds that a management team took over
2 months to identify and agree on!
Can your idea management software accelerate the
decision-making process?
idea management software
10 innovation lessons for success
page
011
Whilst money is the natural go-to incentive to engage
employees in ideation, after a recent survey it may
surprise you to know that the top response was actually
“recognition by ones peers and leaders”.
Therefore, including a way to recognise and reward
successful contributors to innovation and making it a part
of the communication strategy, is often a great way to
organically influence other employees to get involved.
07acknowledge the idea-
makers and contributors
idea management software
10 innovation lessons for success
page
012
Many employees interact with customers regularly and
therefore they are a critical knowledge asset to solving a
company’s business challenges.
And for employees to continually participate in innovation
they need to be kept motivated.
So avoid ideas falling into a black-hole, and demotivating
employees, by creating a feedback process on ideas.
This can be done by appointing Ambassadors which
leads me to…
08avoid the dreaded idea
black-hole
idea management software
10 innovation lessons for success
page
013
“Build it and they will come!”
This is something I have heard many times when it
comes to digital platforms. Unsurprisingly, it is very rarely
true. And even less true when it comes to digital
innovation management tools in large enterprises.
Creating an Innovation Ambassador role, where the
primary responsibility is to drive awareness, encourage
engagement and showcase wins, will ensure success.
This role should be an add-on to an existing role and
shouldn’t be more than 5-10% of someone’s time.
09bring on the
Ambassadors
idea management software
10 innovation lessons for success
page
014
Ideas flow best when the environment created to do so is
enjoyable.
For example, some companies like to host Innovation
Days where employees come together and collaborate in
a relaxed and fun way.
So don’t be afraid to get creative when encouraging
employees to engage in innovation.
10make it fun!
author
Hi there! I hope you enjoyed my
presentation. If you are hungry for more,
you can find similar articles over at
Innovation Insights.
David Christopher,
Head of Digital Marketing, Wide Ideas
about
Wide Ideas
page
016
features
✓ Office 365 integration
✓ Artificial Intelligence
✓ Decision Analysis Tool (DAT)
✓ Smart and clean design
✓ Accessible across all devices
software
Wide Ideas innovation software
empowers employees to share
ideas to business challenges on a
global scale, helping to foster a
culture of innovation.
more info
Click to
watch video
www.getwideideas.com

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10 Innovation Lessons for Success

  • 2. 66% of the 800+ executives surveyed worldwide confirmed that their organisations could not survive without innovation. Source: PA Consulting Innovation Matters 2017 report page 02
  • 3. idea management software 10 innovation lessons for success page 03 The quickest way to engage employees in innovation is for them to see their own leadership teams active and engaged themselves. Lead and others will follow! It is this type of active engagement that sends a ripple effect through an organisation and encourages employees to also participate. And probably not surprising, the quickest way for any innovation initiative to fail is to see their leadership teams disengage. 01leaders must show the way
  • 4. idea management software 10 innovation lessons for success page 04 This is true for most company initiatives but particularly true when it comes to innovation. There are generally two main causes for this: 1. poor (or lack of) communications 2. little or no engagement by leadership teams The first is fairly easy to resolve with a clear communication strategy and regular updates. The second however is much more difficult to prevent as leaders become distracted by other business priorities. 02don’t let that initial momentum die
  • 5. idea management software 10 innovation lessons for success page 05 Innovation is a business critical initiative, though by many organisations today it is still seen as a second tier objective. Innovation needs to be an initiative that every company embraces as part of the overall business strategy. With the right leadership, success is only an idea away. 03lead with passion and influence
  • 6. idea management software 10 innovation lessons for success page 06 Choosing the right innovation management software to capture and refine ideas is critical to the success. Any innovation digital platform ideally should: • be simple to use • be easily accessible (including mobile) • allow discussions around an idea • integrate into the existing digital landscape • include Artificial Intelligence 04not all innovation platforms are the same
  • 7. idea management software 10 innovation lessons for success page 07 People are inherently creatures of habit who do not always embrace change easily. A standalone open innovation platform is much more difficult to attract employee contribution than one that already integrates into their existing company’s digital landscape. Having the latest business challenges, ideas and discussions feed into a company’s intranet, allows innovation to filter through and become part of the daily business work flow. 05don’t make it standalone
  • 8. See how WIDE IDEAS can transform your Microsoft Office 365 product suite into a powerful digital innovation solution. Request Demo
  • 9. idea management software 10 innovation lessons for success page 09 Business innovation today will struggle to be successful without the inclusion of Artificial Intelligence! Over the years there has inherently been two major flaws with innovation platforms once employees begin submitting their ideas. 1. How to identify Subject Matter Experts (SME’s) to collaborate on ideas to turn them into potential innovations 2. How to identify the right ideas to progress with 06artificial intelligence is your friend The Solution: Artificial Intelligence can help in both these situations by analysing all the Big Data captured, including all user interactions with each idea, and applying a machine learning algorithm. AI accelerates the decision-making process.
  • 10. idea management software did you know? page 010 decision-making: AI vs human In a recent scenario, the Wide Ideas unique Artificial Intelligence predicted 8 out of the 10 ideas in under 5 seconds that a management team took over 2 months to identify and agree on! Can your idea management software accelerate the decision-making process?
  • 11. idea management software 10 innovation lessons for success page 011 Whilst money is the natural go-to incentive to engage employees in ideation, after a recent survey it may surprise you to know that the top response was actually “recognition by ones peers and leaders”. Therefore, including a way to recognise and reward successful contributors to innovation and making it a part of the communication strategy, is often a great way to organically influence other employees to get involved. 07acknowledge the idea- makers and contributors
  • 12. idea management software 10 innovation lessons for success page 012 Many employees interact with customers regularly and therefore they are a critical knowledge asset to solving a company’s business challenges. And for employees to continually participate in innovation they need to be kept motivated. So avoid ideas falling into a black-hole, and demotivating employees, by creating a feedback process on ideas. This can be done by appointing Ambassadors which leads me to… 08avoid the dreaded idea black-hole
  • 13. idea management software 10 innovation lessons for success page 013 “Build it and they will come!” This is something I have heard many times when it comes to digital platforms. Unsurprisingly, it is very rarely true. And even less true when it comes to digital innovation management tools in large enterprises. Creating an Innovation Ambassador role, where the primary responsibility is to drive awareness, encourage engagement and showcase wins, will ensure success. This role should be an add-on to an existing role and shouldn’t be more than 5-10% of someone’s time. 09bring on the Ambassadors
  • 14. idea management software 10 innovation lessons for success page 014 Ideas flow best when the environment created to do so is enjoyable. For example, some companies like to host Innovation Days where employees come together and collaborate in a relaxed and fun way. So don’t be afraid to get creative when encouraging employees to engage in innovation. 10make it fun!
  • 15. author Hi there! I hope you enjoyed my presentation. If you are hungry for more, you can find similar articles over at Innovation Insights. David Christopher, Head of Digital Marketing, Wide Ideas
  • 16. about Wide Ideas page 016 features ✓ Office 365 integration ✓ Artificial Intelligence ✓ Decision Analysis Tool (DAT) ✓ Smart and clean design ✓ Accessible across all devices software Wide Ideas innovation software empowers employees to share ideas to business challenges on a global scale, helping to foster a culture of innovation. more info Click to watch video www.getwideideas.com