EXPLOSION OF IDEAS

"Smartly screened, problem-solving innovation proposals"

Innovation proposals that get you to your goals

Shortening product life cycles, globalization and the increased speed of innovation combined with complex corporate structures make it difficult for top managers to assess what they need to respond to external changes. Strategic goals become difficult to communicate and disseminate and when information overflow is added to the picture many innovation proposals simply miss their target. As a result resources are wasted on projects that could be merged, synergies are overlooked and new products or services do not meet expectations. Studies suggest that this could be the main reason why the life expectancy of a Fortune 500 company is less than 50 years.

Business challenges

• Focus innovation proposals on the needs of the organization and the goals of problem resolution
• Provide a virtual space where solution seekers can expose their needs to problem solvers and problem solvers can build solution proposals to meet those needs
• Realize synergies by merging like-minded proposals or by re-using proposals and solutions that have already been evaluated
• Break down corporate silos to involve the relevant people reviewing and evaluating proposals
• Enable social collaboration, document sharing and discussions on proposals
• Use knowledge, insights, and experiences to provide context
• Systematically compare solutions using standardized ranking methods and evaluation forms

Solution

The Innovation Management module helps solution seekers publish their needs, collect and validate ideas from problem solvers, and enrich and mature the best ideas into smartly screened proposals. Ultimately, it helps you make the crucial Go/No-Go decisions with confidence. The module combines social collaboration, workflow and process management, rich context information and Inova's unique  Enrichment Technology to support your innovation teams’ collective quest for the “hidden gems”.