Idea Management Value Proposition
Empirical data suggests that innovation leaders spend approximately 30% of their innovation efforts on idea generation and screening (i.e. idea management). This validates the view that idea management is crucial to innovation success. The right idea management platform provides a medium to efficiently manage ideas across your organisation and entire innovation ecosystem, thus putting in place one of the key components of the foundation for innovation success.
Let go of clunky spreadsheets and messy email system that lets valuable ideas slip through.
Why Innoster?
Below are some of the key features of the innoster platform. However, before we get to those let's put your mind at rest with regards to how we ensure your data is secure when you use innoster.
Innoster is built as a cloud-based system with multi-layered bank grade encryption. This ensures that your data is safe and there is no compromise in data security.
Ongoing Ideation Campaign
With Innoster your innovators can submit their ideas at anytime. Innoster has features that prompts your innovators to construct their idea beyond a simple description. Within the platform, your innovators will be able to provide answers to carefully designed innovation idea questions. These questions will ensure that a good picture of the idea is built, which makes it easier to identify the innovation lever and type of innovation early on.
Time-bound & Specific Ideation Challenges
Set up specific time-bound ideation challenges. This can be related to ongoing innovation projects, new market entry, product development, service development or initiatives for improving operations efficiencies. Set up your ideation challenges with the screening and ranking criteria features within innoster. These help to guide your innovators in providing highly relevant potential solutions.
Rigorous Market Leading Evaluation
We don't take idea evaluation lightly and neither should you - it is too important. Set up evaluation teams for specific innovation types. Adopt our inbuilt and unrivaled customisable evaluation methodology. Our methodology is based on a widely adopted innovation screening system that has led many organisation to successful innovation and goes beyond weak whimsical voting and popularity methods. Our methodology thus allows you to screen and evaluate effectively and efficiently to identify the best ideas. Afterall chosing the best ideas is the most critical objective.
Innovation Portfolio Management
Build an innovation development portfolio matrix of all your accepted ideas. This is a unique feature that gives you clarity on the innovation projects in your portfolio and allows you to see the split of innovation types that you are pursuing. The matrix places each of your ideas under one of three types; Incremental, Semi-radical or Radical. This allows you to maintain an innovation portfolio that is aligned with your business strategy.
Success Profiling & Risk
Innoster’s default idea evaluation methodology carries an inherent risk assessment. Furthermore, the platform ensures you carry out profiling of every accepted idea in order to determine a probability of success. Each idea placed in your development portfolio thus has an empirical probability of success identified. This allows you to get a clear understanding of spread of risk across your innovation portfolio, which then allows better risk management.
Customisable Gamification
Secure both short and long term commitment to your innovation drive with our reward and gamification system. A customisable and optional automated scoring system in Innoster enables you to recognise your innovators on a challenge to challenge reward basis, as well as on a defined term basis through gamification board. Recognition and reward is essential to maintain engagement, commitment and prevent your innovation culture from dying out.
Collaborate and Innovate Openly
Invite external parties to your platform and customise their access. Give them full access or allow them to take part in challenges only - the choice is yours. Leverage the power of your innovation ecosystem by inviting suppliers, distributors, customers, subject matter experts, research institutions, freelancers and other potential collaborators to help solve your innovation challenges.