Our experts talk innovation – Qmarkets’ employees discuss their personal experiences and provide tips and best practices for the successful deployment of Innovation Management systems:
Some will say that there are no bad ideas, only bad adaptation from idea into reality. My name is Joel Ben Nescher, and I’m a Project Manager in the software delivery team at Qmarkets. During my time here at Qmarkets, I’ve helped deliver custom-built software installations to large organizations and enterprises in various industries in Europe and in the US. During this time, I’ve seen installations go on for months and months due to a lack of preparation, and I’ve seen others fly by, launching in a fortnight. I’d like to share some of the lessons I’ve learned regarding the implementation of innovation process, so that when it comes time to launch your platform, you’ll be ready to begin transforming ideas into results in no time at all.
Below are five tips on what NOT to do:
1. Don’t Over-Complicate Your Workflow:

2. Don’t Forget to Designate a Management Team:
Project management is crucial to the implementation of innovation process. Projects that don’t have a pre-defined project management hierarchy tend to bounce around through endless stages of approval and feedback. When there is no clear project leader, we often find that bottlenecks gather over arbitrary bells and whistles while crucial features end up overlooked or under-explored. At the same time, schedules can become unrealistic, and project roles become muddled – both within the team as well as between the customer, vendor and 3rd parties. To ensure your management team is able to fully execute their innovation vision, you will need a platform that is able to define parameters that can be tailored to all departments and campaigns. The platform should also remain flexible enough to incorporate different branding, workflow processes, and communication strategies pertaining to specific teams.
3. Don’t Designate a Multitude of Roles:

4. Don’t Underestimate Internal Marketing:

By not wanting to spend money on properly promoting the new system, you will end up wasting money on a system people aren’t using. From our experience, when a customer takes a more serious, hands-on approach to the internal marketing of their platform, we end up seeing a much higher engagement rate. It’s also important that all internal marketing efforts communicate a clear mission statement, and that this is communicated through a common language – it can be easy to confuse participants by using terminology interchangeably – everyone needs to be on the same page. It’s also important to showcase the major achievements the platform has unleashed – ROI, new products and services, etc. – so that employees feel more willing to participate.
5. Don’t Guess and Go:

At Qmarkets, we’ve learned these lessons (and countless others), and we’re sharing them here with you now so you don’t need to repeat the same mistakes. Even if something seems obvious, that doesn’t mean it doesn’t need to be thought through before being put into action. How will the users engage? What type of engagement (idea contribution or just passive voting)? In a multinational enterprise, there will always be cultural and linguistic differences to take into account.
Therefore, my motto is always to advise the customer to start simple and “learn their audience”. Once the audience is understood, we can incrementally fine tune and carefully upgrade accordingly. This is the approach we’ve adopted with many of our clients, and we are currently working on the third set of upgrades/improvements for one of our customers, with many more in the pipeline. Our core advantage is the ability to tap into each company’s unique and individual corporate atmosphere, creating a perfect match between our technology and your needs.
To learn more about Qmarkets and Qmarkets’ innovation management and crowdsourcing systems, feel free to contact us and we’ll get back to you.
2. Don’t Forget to Designate a Management Team: