You can’t tell when and where a good Idea might pop up. Sometimes, it may be by sheer chance. Other times, it takes hours of brainstorming sessions. Ideas can come from the head of an organization or a new and brave employee with a fresh outlook.

Companies rely on fresh ideas to improve and succeed. Subsequently, leaders are doing their best to promote a culture of innovation and idea generation at work. According to PwC’s Innovation Benchmark, about 61% of organizations implement the open innovation approach to generate new ideas.

However, there needs to be a solution for handling people’s ideas from the workforce. Everybody has opinions, but:

• How do you voice them all?
• How do you decide which ideas are good and worth pursuing?
• How do you ensure someone’s innovative idea is used when everybody is busy and has no time to follow up on innovation?

Idea Management is what you need. There are plenty of Idea Management platforms that cater to the needs of different companies. But they all serve a common primary purpose. Because idea generation is crucial, any organization can benefit from an idea management platform. Keep reading!

Top 4 Reasons for Idea Management

Remember the good old suggestion box? In the past, several companies used it to gather ideas, complaints, and suggestions. It wasn’t only meant for employees but also customers. It was an old-fashioned idea management tool.

As a small business, using a similar model can still be effective. But what if you have hundreds or even thousands of employees? What if they don’t work to drop notes in a suggestion box in one location? Traditional methods are irrelevant and tiresome in today’s digital settings.

Any company can benefit from a modern, 21st-century idea management process for growth and scalability. The best idea management system on the market today can do so much for any business. Fortunately, it comes in all shapes and forms to suit the needs and preferences of whatever organization you’re running.

Implementing this concept will make collaborating, collecting, evaluating, sharing, incubating, developing, pursuing, and reporting your workforce’s finest ideas easier. It comprises an all-inclusive suite that follows up on the entire innovation journey from idea conception. In the end, your business gains unparalleled value and success.

Sounds enticing? Here are several reasons why your organization needs an idea management platform.

1.   Motivates Your Team

Did you know that about 75% of people fear not living up to their innovation potential? That says a lot! Most companies have employees who report working regularly and are not allowed to share their ideas or show their talents. Consequently, it shifts their mood, focus, perspective, and performance.

 At work, your team is your partner. Providing employees with tools to express creativity anywhere at work can go a long way. This shows that you acknowledge your employees’ ideas and motivate them for the best.

Remarkably, an idea management system gives you the space and voice for each person’s idea development. This works best because most people worry about how others view their ideas.

Overthinking, lack of confidence and introversion can make sharing opinions with a group hard. They avoid time-consuming brainstorming sessions, as only some employees find them motivating. A safe platform that encourages sharing ideas and thoughts would be ideal. No judgment. No discrimination.

2.   Time-Saving

As a company, how do you collect ideas? Most likely, you brainstorm. You set a specific time apart from a busy day to find the perfect picture to solve a particular problem. Thus, you organize brainstorming sessions with your employees and force ideas. Sad, indeed!

Brainstorming also negatively affects a business by encouraging social loafing. Most people rely on a few group members to think and work.

Not everyone can show their bright side in a brainstorming session. People think in different ways. Others are simply shy and can’t share ideas with the whole department.

It’s crucial to note that ideas come from anywhere, anytime. Using an idea management platform saves the organization time from brainstorming sessions. Employees can write down, share, and organize their ideas instantly. With different creative ideas in front of you, you get a perspective of what is good and what to improve.

3.   Strategy Alignment

According to a study, a reason that hinders innovation and idea generation in a company is the lack of strategic alignment. Many organizations need help to bridge the gap between business and innovation strategies.

Fortunately, an idea management platform enables communication in different ways. As employees send fresh ideas, leaders can also communicate with the workforce.

An entire team, including leaders, evaluate and structures ideas deciding which to follow. This way, employees will also know the strategic vision of their leader for the company.

Moreover, an idea management system allows managers to share organizational challenges to find possible and reliable solutions for their workers.

4.   Revenue Generation and Efficiency

All businesses aim to rise from the bottom. How is your company boosting revenue? Is your organization as efficient as possible? Where is the business taking extra funds?

Company executives can’t be everywhere at all times. But it’s crucial to have visibility on each aspect of the business processes to know where improvements are necessary. 

An idea management system enables a leader’s insight into business operations from the 

perception of its members. The improved visibility allows managers to encourage efficiency (and consequently, revenue) in new ways they didn’t think of. Lightsabers

Key Takeaways

Teamwork is more challenging than it appears. Some people don’t get the chance to be heard. Still, only a few ideas are fully exploited, damaging the overall performance.

Older practices like forced brainstorming sessions, noting ideas, and trying to generate random solutions can slow down your creativity. Moreover, time is precious. So remember how many positive results your team’s excellent ideas could bring if you had more time.

Engagement, transparency, creativity, and structure are what you need. A visitor management platform has it all. Here, your team remains engaged for as long as it takes.

Every idea generated is structured, allowing the better ones to shine brighter. All ideas are included, enabling transparency as you enter a higher level.

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