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Does Crowdsourcing Need “Rethinking”?
Benefits of crowdsourcing: Common Misconceptions In my previous post, I gave a working definition of crowdsourcing and described two major crowdsourcing approaches: adding capacity and accessing expertise. I also argued that although numerous organizations – including corporations, governmental agencies, and nonprofits – have used crowdsourcing to solve complex business problems, its wider adoption in the marketplace has been relatively slow. Some of the reasons for the slow adoption of crowdsourcing are rooted in the very nature of the method. There is widespread uncertainty regarding which business problems crowdsourcing can and cannot solve. Besides, many organizations – especially those new to the
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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...
What is Crowdsourcing, and How Can it Add Value to Your Enterprise?
Since the 2004 publication of James Surowiecki’s highly influential book, The Wisdom of Crowds, the idea that large groups of people can be smarter than a few individuals, no matter how brilliant, has been gradually gaining prominence in academic circles, business communities, and public opinion. Crowdsourcing...
5 Corporate Innovation Tools and Tactics: How to Chose the Best Option for Your Company
Looking to take your company’s innovation endeavors to a whole new level – but are unsure what tools and strategies will get you there? This is the blog you’ve been searching for! It’s easy to appreciate just how crucial innovation is for evolving your organization so that it remains a force to be reckoned with on the corporate food chain. The hard part is deciding what tools and tactics will help you manage innovation in a way that achieves disruptive results. After all, without the right tools of the trade, ‘innovation theatre’ will take center stage at your organization...
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Why Innovation Management is Important – 3 Crucial Reasons to Adopt this Growth-Driving Practice
“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...
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Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement
In the precarious economic climate, a global recession is an ever-present danger. However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. Read on to discover...
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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....
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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...
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Why does digital transformation matter - vectors
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 standard business practice. However, when it comes to companywide engagement, communication should never be left as an afterthought. While innovation management software is becoming more intuitive and engaging than ever, even the most sleek and attractive platform will be...
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Game Changers: How Citizen Science and Gamification Are Transforming the Business World
The acclaimed educational reformer John Dewey once said, “every great advance in science has issued from a new audacity of imagination”. Today, this audacity is reflected in the rising influence of citizen driven innovation and science – that is, the collaboration of volunteer non-scientists...
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Adding Eye Candy: 4 Visual Best Practices to Boost Engagement on Your Idea Generation Platform
The great Israeli artist Yaacov Agam once said “while the verbal can separate, the visual is understood by everyone.” The same principle holds true when it comes to boosting user engagement on your idea generation platform. Implementing sleek, eye-catching visuals wherever possible will help...
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