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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

30 August 2024

Rethinking ideas management: KIROI step 7 company-wide

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Nowadays, idea management is a central component of corporate strategy, as it enables companies to promote innovation and secure competitive advantages. By continuously involving all employees and providing targeted support for the development of ideas, idea management can have a lasting impact on a company's success. Modern idea management goes beyond simply collecting suggestions and involves a dynamic process that promotes creativity and recognises obstacles. Companies from various industries use idea management to accelerate development processes and successfully bring new products to market.

The importance of idea management

In today's fast-moving business world, it is crucial that companies constantly generate and implement new ideas in order to remain competitive. Idea management serves as a driving force for innovation and enables the expertise of employees to be utilised effectively. It is a continuous support process that specifically promotes creativity and supports teams with structured impulses. In the mechanical engineering industry, for example, moderated workshops are used to shorten development loops and implement new product ideas more quickly. In software development, the active involvement of teams strengthens collaboration and accelerates the implementation of new features.

Idea management in mechanical engineering

In mechanical engineering, idea management plays a key role in the development of new products. Regular innovation workshops enable companies to transfer practical solutions directly into production. These workshops make it possible to consider different perspectives and develop innovative solutions together. In such a framework, technical obstacles can also be recognised and resolved, which accelerates the implementation of product ideas.

Another example is industrial production. Here, systematic workshops are used to improve the transfer of knowledge between specialist departments and remove obstacles to the realisation of innovation projects. This can accelerate the realisation of new projects and sustainably strengthen the company's innovative power[1].

Idea management in software development

In software development, collaboration between teams is crucial for the success of new features. By actively involving everyone involved, the quality and speed of response when introducing new functions can be significantly improved. Modern companies use digital platforms to promote the communication and documentation of ideas and thus ensure efficient implementation.

Another important aspect is the continuous support provided by experienced coaches. They support teams in recognising blockages, developing new perspectives and taking concrete steps towards implementation. This coaching approach, often referred to as transruption coaching, supports companies in realising innovative ideas and thus promotes a culture of innovation within the company.

Transruption coaching in idea management

Transruption coaching plays a central role in supporting idea management processes. It helps teams to overcome obstacles and develop new perspectives, which ultimately facilitates the realisation of ideas. In many companies, this coaching is used to strengthen innovation and promote a dynamic corporate culture.

Idea management in retail

Idea management can also be of great benefit in the retail sector. By using digital platforms, suggestions can be documented transparently and the exchange of ideas between shops can be encouraged. This makes it possible to utilise creative impulses and develop practical solutions that can be integrated directly into day-to-day business.

BEST PRACTICE with one customer (name hidden due to NDA contract)In a retail company, the implementation of a digital ideas platform significantly improved internal communication between the shops. Employees were able to contribute their ideas and a climate of open communication was promoted, which ultimately led to improved services for customers.

Practical implementation of idea management

In order to successfully implement idea management, it is important to establish a structured process. This should cover all steps from idea generation to implementation. Companies should also emphasise the importance of feedback and communication to ensure that all employees are actively involved in the process and can see their ideas implemented.

My analysis

To summarise, it can be said that idea management is a powerful tool for companies to promote innovation and strengthen competitiveness. By continuously involving all employees and providing targeted support for the development of ideas, idea management can have a lasting impact on a company's success. The integration of modern approaches such as digital platforms and transruption coaching emphasises the importance of idea management in various industries.

Further links from the text above:

Unleashing idea management: KIROI step 7
Rethinking idea management: KIROI step 7
How to strategically organise your idea management in 7 steps
7 steps for a successful GenAI implementation

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#compliance #Ethical guidelines #Idea management 1TP5InnovationThroughMindfulness #Employee participation #Sustainability #TransruptionsCoaching 1TP5Corporate culture #Corporate strategy #Chains of responsibility

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