Best Practices

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Does Crowdsourcing Need “Rethinking”?

Benefits of crowdsourcing: Common Misconceptions In my previous post, I gave a working definition of crowdsourcing and described two major crowdsourcing approaches: adding capacity and accessing expertise. I also argued that although numerous organizations – including corporations, governmental agencies, and nonprofits – have used crowdsourcing to solve complex business problems, its wider adoption in the marketplace has been relatively slow. Some...

What is Crowdsourcing, and How Can it Add Value to Your Enterprise?

Since the 2004 publication of James Surowiecki’s highly influential book, The Wisdom of Crowds, the idea that large groups of people can be smarter than a few individuals, no matter how brilliant, has been gradually gaining prominence in academic circles, business communities, and public opinion. Crowdsourcing is one of the most popular applications of this idea. Numerous organizations –including corporations, governmental agencies,...

Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

In the precarious economic climate, a global recession is an ever-present danger. However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. Read on to discover how you can transform a recession into a rejuvenation. Given the devastating impact of the 2007-08...

Building the Hype: 4 Communication Best Practices for Innovation Management

The great Irish playwright George Bernard Shaw once said, “the single biggest problem with communication is the illusion that it has taken place.” Too often, leaders in the corporate sphere assume that once a new project – such as the implementation of an innovation management platform – is announced, users will naturally ‘get the message’ and adopt it as a...

Adding Eye Candy: 4 Visual Best Practices to Boost Engagement on Your Idea Generation Platform

The great Israeli artist Yaacov Agam once said “while the verbal can separate, the visual is understood by everyone.” The same principle holds true when it comes to boosting user engagement on your idea generation platform. Implementing sleek, eye-catching visuals wherever possible will help attract user attention and encourage more participation. By leveraging profile pictures, idea images, gamification badges, and...

Keeping Score: What’s the Right Innovation Scoring Method for Your Ideation Campaign?

When running an idea management campaign, one of the most crucial steps is the expert evaluation stage. Without properly scoring the relevant ideas, focus may be put on ideas which are either impractical or which require too many resources to develop, instead of on ideas which can provide a positive ROI. The question that arises when I discuss this with my clients...

Successfully Merging Innovation Theory and Practice in your Program

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. With a strong background in R&D, Eric now uses his expertise to help leading...

Future-Proofing Financial Market Innovation – Fighting Digital Disruption with Digital Disruption

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient...

Learning from German Idea and Innovation Management Best Practices

In my years of consulting and visiting companies I realized that many companies have differences in understanding and implementing an Innovation Management system. So here is a short description of the Idea and Innovation Management landscape in Germany, as well as some “insider tips” on how to make the most out of your idea & innovation initiative: The difference between Idea...

Who’s Afraid of Innovation Management? – How to take a small step towards innovation, and a giant leap for your company

With crowdsourced innovation now a proven profit maker – many companies are rushing to initiate innovation programs and deploy innovation management platforms. Despite the success of these systems, however, many senior managers are still wary of them. This post will offer a few tips to help you get started with your very first innovation management project. The journey of a thousand...

Crowdsourcing Continuous Improvement: Kaizen Principles and Practices for Amplifying Excellence

Many companies seek to improve their operations through the documentation of best practices. From personal experience in a large, multinational enterprise technology company, I saw how well-articulated procedures can be beneficial to the immediate users and their successors. However, these reflect only one person or one department’s experience, and lack collective insights. The Kaizen Management Method is based on the...
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