To fuel the innovation engine, companies need to pay extremely close attention to their customers and form strategies based around everything they can possibly learn.
An interesting paradox exists: Most companies fear change. Yet, they have to resist fear and take serious risks in order to innovate. How do you change that culture of fear that pervades most companies?
MindMatters, a leader in solutions for managing innovation for over a decade, announced the release of major updates to their suite. The new version includes better compatibility, a new user interface, enhanced reporting, and stronger security.
Many companies truly want to innovate, but don’t know where to start. It all begins with defining a clear, straight-forward process. If you want success, you simply have to create, implement, and enforce a process for how innovative ideas and projects will flow through your organization from early stage to completion.
Employees need to be recognized for their efforts, plain and simple. This is especially true as you’re trying to drive innovation forward at your company. If you’re not doing this already, you need to start a regular process for recognizing (better yet, rewarding) workers in your company. If the whole innovation process is new to your organization, or your current process is being updated or changed, then you’re most likely asking employees to perform new tasks that are not already part of their jobs. If this is the case, there must be some understanding on their part that there’s “something in it for them.”
Flagpole Software Offers Free How-To Guide and Video on Improving Employee Engagement
Many great ideas will cost money to implement, but not as much as you would think. Spend your money and resources in the right ways. Provide your employees with a meaningful, exciting environment and innovation will explode.
In order to innovate, information must flow freely and be readily accessible to employees and, in some cases, outside participants. First off, create a space, whether virtual or physical, where people can “get together” and share what they’re working on, project info, notes, etc.
Innovation starts at the very top levels of your company. Any efforts to improve, whether incrementally or radically, must funnel down from executives to managers to team leaders to employees, and everyone needs to be on the same page.
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John Stowell, Director of Innovation, Zep Inc.
"StageTrak is very customizable to your needs. Once it's up and running it's pretty intuitive. It's much simpler to operate than most of its competitors."
"We avoided $750,000 in cost in North American alone last year because we're being more selective and going after better intellectual property."
"Flagpole offers novel social marketing techniques to partner and collaborate with the National Poison Control Center community."
Tom Mauss, Chief Executive Officer
"We were impressed with MindMatters’ entire Step by Step Innovation process. They helped us identify areas where we might fail, and successfully navigated around those obstacles."
"Our R&D idea submissions have tripled over the whole of the previous year."
Gregg Edwards, Chief People Officer
"Allows us to not only capitalize on the brilliance of our employees, but also to collaborate on organizational issues in a much more engaging, satisfying way."
Director of R&D
"The MindMatters software has really worked out for our team. It has enabled us to develop a process that effectively mines the innovative thoughts of R&D. Our invention disclosure count is through the roof compared to pre-MindMatters numbers."
In 2002, 8,254 civil cases related to intellectual property theft were filed in U.S. courts.
U.S. Department of Justice
The fastest-growing U.S. companies tend to foster innovation.
Harnessing Innovation, PriceWaterhouse Coopers
In the middle of difficulty lies opportunity.
All told, 69 percent of the executives who participated ranked innovation as one of their company’s top-three strategic priorities.
Boston Consulting Group Survey
Intellect and innovation are the sources of virtually all economic value, growth, and strategic edge today.
James Brian Quinn, Professor of Management, Dartmouth College
The best way to predict the future is to invent it.
Dr. Alan Kay, Disney Imagineering
An Innovation Best Practices survey conducted by MindMatters Technologies (republished in Forbes) reveals that a significant percentage of workers believe that their efforts are not sufficiently appreciated or managed within their organizations. Specifically: Three of four respondents (77%) said their ideas are poorly analyzed or reviewed by their companies, Four of five people who took […]read more