Innovation Management

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Building a Business Case for Innovation Management – Why Now?

We all know it is not business as usual at the moment, and it’s even more important than ever for us to carefully prioritize where we focus our efforts both individually and collectively. However, I have recently been seeing reports of many businesses going into survival mode; choosing not to invest in innovation and instead save precious resources. In my...

Innovation in the Time of Coronavirus: How to Innovate Effectively During a Crisis

Every Cloud Has a Silver Lining There is an old Chinese proverb that says, “Crisis is an opportunity riding on a dangerous wind”. During these days of global unrest – with news about the coronavirus and its severity changing daily – businesses across all sectors should keep the message of this proverb in mind. Although we are inevitably seeing the...

5 Corporate Innovation Tools and Tactics: How to Choose the Best Option for Your Company

Looking to inject ideation into your company’s innovation process, but not sure where to start? This is the blog you’ve been searching for… As French author Victor Hugo famously wrote, “Nothing is more powerful than an idea whose time has come.” These words ring especially true in the business world, where a single idea can mean the difference between success...

Why Innovation Management is Important for Your Company – 3 Strategic Reasons

“Innovate or stagnate.” It’s a stark choice that businesses across all sectors must confront daily. Although many decision makers at large companies recognize the importance of innovation, most fail to implement it in a strategic, consistent, and effective way. A recent study by McKinsey & Company found that 84% of executives agreed innovation was important for their growth strategy, but...

Eliminating Uncertainty: How to Manage Innovation Risk in 3 Easy Steps

Herman Kahn – futurist, author, and inspiration for Stanley Kubrick’s “Dr Strangelove” – once described risk taking as “the essence of innovation”. It’s a fair assessment. Afterall, innovation often means abandoning an old, well-established practice in favour of something potentially greater, but less predictable. Business leaders are thus faced with a challenge – discovering a way to achieve disruptive innovation...

What is Total Innovation Management? Achieving Excellence from Idea Generation to Implementation

To maximize the ROI of your innovation initiatives, it’s vital to gain input from as many sources as possible and ensure all departments take part in a culture of ideation. In this article, we explore the concept of Total Innovation Management (TIM) and how you can leverage it at your enterprise.  One of the most famous fables from India is...

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...

5 Innovation Best Practices for Launching Your Idea Management System – Qmarkets’ Head of Customer Success Shares Her Insights

Innovation Exploration – Unlocking Potential in Uncharted Territory The great American oceanographer Edith Widder once said: “Exploration is the engine that drives innovation, and Innovation drives economic growth… So let’s all go exploring.” ? Of course, exploring unfamiliar territory – Edith herself participated in over 250 deep-sea dives– can often be a daunting proposition. However, with the right toolkit, training,...

What Is Innovation Management? – Your Top 7 Innovation FAQs Answered

“Eureka!” We’ve all heard this famous ancient Greek term for “I’ve found it”. But how did it enter common parlance? The story goes that in the third century BC, the king of Syracuse ordered that Archimedes – the famous Greek inventor – find a way to determine whether his crown was made entirely out of pure gold, or whether he...

Managing Change and Innovation: The Past, Present, and Future of 180° Business Transformations

With so much disruptive innovation happening so fast, it has become less and less rare for companies to be formed around a service or product that defines them for their lifetime. In almost every industry, the possibility of pivoting or even shifting the entire business model has become more real and mainstream. As increased consumer awareness transforms markets and government...

How to Build the Ultimate Crowdsourcing Platform: Qmarkets’ New VP of Product Discusses Creativity and Innovation Management

Sivan Leshem joined Qmarkets in 2011 as a project manager, before going on to manage the product delivery department during a period which would see Qmarkets grow into a leader within the idea management market. Most recently Sivan has stepped into the role of Vice President of Product. We sat down with her to discuss her experience at Qmarkets, creativity...

How the Israel Securities Authority is Engaging Employees to Boost Innovation

Yael Weiss Efron is an Innovation Manager at the Israel Securities Authority (ISA). Earlier in 2017, the ISA approached Qmarkets regarding the implementation of Qmarkets’ platform in order to run an idea and innovation management program. Following the successful launch of the program and its advancement to the next stages, we sat down with Yael in order to discuss the ISA...

The EA Error (How Neglecting Customer-Centric Innovation Can Spell Disaster)

A Problem, there Is… In late 2017, video game company EA was in the final stages of releasing a long-anticipated game, Star Wars Battlefront II. One player was surprised to discover that it would take a total of 40 hours of gameplay to unlock just one of the main characters (such as arch-villain Darth Vader or ultimate hero Luke Skywalker) which...

Discover the Advantages of Idea Software & Optimized Innovation Management…

Learning from the Best… From multinational automotive manufacturers to high-tech medical organizations, at Qmarkets we’ve now helped hundreds of leading companies across the globe to achieve astounding and innovative results. One of the most important parts of this process is listening to the feedback that our customers provide, and using it to improve not only the system that they are...

Process Improvement and Sustainability Principles at Ford, ESB, and Solvay

Whether it’s air pollution, water pollution, or even climate change, the major sustainability issues facing the world and its citizens are topics that every business should feel a sense of ownership and responsibility towards resolving. And with global warming showing no signs of abating (last year was the hottest since 1880 according to data from NASA and NOAA, and this...

Your Employees Want to be Heard. Are you Listening?

The modern generation has bred a new and unusual workforce. Today, the ever-connected millennial expects to be an active influencer in every aspect of life. From reviewing products to circadian social media interactions with friends, the modern person has a voice, and they demand it to be heard. This notion has trickled into the workplace – employees want to be...

Bridging the Gap between Large Corporate Innovation Centers and Small Design Teams

Innovation centers have captured significant attention in recent years for their role as formalized institutions for driving innovation within large businesses. Digital design teams are their natural counterpart, driving innovation on a more personal level. They are almost a perfect match, but there are some large differences between the two. How can you bridge the gap, using them both in unison? Devised as...

Top 7 Business Innovation Trends for 2017

Companies need to use fresh thinking and innovation to boost their business growth. Plus, they can utilize suitable B2B software solutions such as CRM, project management, collaboration software etc. to enhance efficiency and productivity. To select the right system for your needs, you can read the in-depth reviews of software products in a reputable SaaS directory. In this article, we...

Don’t WannaCry: How to Improve Innovation Management Security to Prevent Cyberattacks

As we saw all over the news, the past weekend, a hacker group released a ransomware virus, which has become known as WannaCry. The attack infected 200,000 victims in over 150 countries. Large organizations which were hit include FedEx, Telefonica, Renault, and the Russian Government. Could this nightmare pose a threat to your innovation management security? Users who were infected...

How Qmarkets Partnered with NHS to Create the Most Sophisticated Healthcare Innovation Exchange Platform in the UK

Tammy Holmes, Innovation and Adoption Programme Manager for the West Midlands Academic Health Science Network (WMAHSN), talks about the changes in the healthcare industry in England, the challenges in implementing innovation, and how Qmarkets’ idea management platform has helped the WMAHSN effectively manage and implement evidence-based innovations to improve health and create wealth. The West Midlands Academic Health Science Network...

Streamlining Success – How Continuous and Disruptive Innovation Examples Can Inform Business Transformation

Sometimes it seems like organizations, even large enterprises, live and die by their ability to implement innovations that completely redraw the market landscape, putting them at the forefront. But do these disruptive innovation examples reflect the strategy that all companies should adopt? Uber’s fleet of self-driving cars had barely been on the road a month this March when a vehicle in...

How to turn a Multinational Automotive-Finance Company into an Innovation Powerhouse

With over 3,100 employees in 36 subsidiaries, RCI Bank and Services is a multinational finance company which is focused on delivering innovative services to customers of the Renault and Nissan automotive groups. We sat down with Jean-Philippe Mathes, Innovation Lab Director for RCI Bank and Services, to learn more about his experience managing the company’s innovation project utilizing Qmarkets’ idea management...

How RTE, Europe’s Biggest Transmission System Operator Implemented a Collaborative Innovation Lab

RTE is an energy and utility provider, France’s electricity transmission system operator, responsible for the operation, maintenance and development of the French high-voltage transmission system. Approximately 100,000 km long, the system is Europe’s largest. We sat down with Ronan Minvielle, Innovation Manager at RTE, to hear about RTE’s strategic innovation project, powered by Qmarkets. On April 26th, Ronan will be a guest speaker at our Paris...

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...

Qmarkets & Intesa Sanpaolo Card: Tailoring Innovation in the Financial Sector

Intesa Sanpaolo Card Intesa Sanpaolo Card is a provider of payment solutions, which was founded in 2009 as a member of one of the largest banking groups in Europe. The company is renowned for championing unique initiatives to drive innovation in the financial sector. With headquarters in Croatia and Slovenia, it services clients from the financial and banking sectors across...

Majority Rules: Idea Evaluation Criteria & Voting Methods for Efficient Innovation Management

Continuing our series of posts from Qmarkets’ experts, Elio Boton,VP of R&D at Qmarkets, borrows from his experience in designing and implementing various voting methods into the Qmarkets innovation management platform to discuss voting – the importance of voting, how votes constitute an important set of idea evaluation criteria, why you need to implement voting into your Innovation Management platform,...

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...

Aiming High: Qmarkets’ Innovation in R&D Journey Towards Improved Idea Management Solutions

Albert Einstein once said “Why is it I always get my best ideas while shaving?” Unfortunately this is one of the few conundrums which he was unable to provide an answer to, but if I had to theorize, I would posit that it is an issue of perspective. As we sometimes tell our clients at Qmarkets, the key to overcoming...

Gartner Research Insights: 5 Innovation Hacks to Boost your Digital Return

Hackathons, internal innovation programs, open innovation, technology acquisitions…these days it seems like everyone is jumping onto the innovation bandwagon. However the popularity of business innovation techniques is equalled by the confusion surrounding them. How is innovation best performed? Can guidelines for innovation be created? Recently, Gartner released a presentation, “The 5 Most Effective, Least Used Digital Innovation Hacks”1 outlining the results of a survey performed, asking...

How Innovation Management can Revolutionize the Video Game Industry

Art or Strictly Business? The Figures – A Growing Economy Since its introduction to the general public in the 70’s, the video game industry has become one of the most popular and engaging forms of entertainment, estimated to be worth $113 billion by 2018. To put this into perspective, this figure is almost $10 billion more than the gross domestic product...

Creativity at Startup Speed – What Silicon Valley Teaches About The Importance of Innovation In Business

A Global Innovation Hotbed At Enterprise Development Group (EDG) we have recently made an interesting observation: there has always been a fairly steady stream of visitors to Silicon Valley, but lately this has become a veritable torrent. Leaders and students from around the world are arriving daily in ever increasing numbers. Some are coming for just a short visit, others...

How to Facilitate Experts and Streamline Your Innovation Management Process

The problem with democracy is that we can’t all always be in charge; one way or another there has to be someone at the top who holds the power to make that crucial final decision. As drastic as this comparison might seem, the very same quandary exists within the field of innovation management: How do you combine the invaluable collective...

Three Reasons for your Company to Write an Innovation Charter

It’s one thing to realize that innovation is an integral part of the long-term viability of a business. It’s quite another to know exactly what kind of innovative practices will maximize ROI and minimize risk. Having a comprehensive innovation plan in place – detailed in a charter and supported by senior leadership – can help reduce uncertainty and ensure idea management...

The Winning Formula – The Advantages of Combining Higher Education and Innovation Management

Ideally, a university should be an ecosystem in which ideas are developed, challenged, and experimented with. As such, it would be natural to regard both education and innovation as mutually compatible. It’s surprising, therefore, that many academic institutions still lag when it comes to implementing well-structured innovation processes. Invention DNA, Genetic Fingerprinting, CDs, Computers, and the Internet. This is just...

Unlocking Potential with an Innovation Pilot – 6 Reasons for SMEs to use Idea Management Tools

Typically innovation management is seen as the domain of large organisations who can afford to invest a lot of time and effort into pushing forward a company-wide initiative. While previously this may have been the case, smaller organisations are now discovering that they have got just as much to gain from the implementation of this software as the larger corporations. While...

6 KPIs of Innovation Management Solutions

There are certain benefits to innovation software that are difficult to measure, and others that are quite obvious. This blog post will discuss the innovation KPI (Key Performance Indicator) examples for calculating the success of an idea management platform at 6 key stages within the workflow. Determining success at each of these stages within the platform will allow you to...

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