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

18 July 2024

Idea management: Transform your department with KIROI Step 6

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The process of idea management is a key component of modern corporate management, as it utilises the collective intelligence of employees and stakeholders to promote innovation and drive continuous improvement. Through the targeted stimulation, collection, evaluation and implementation of ideas, companies can strengthen their competitiveness and grow in the long term. In the following article, we will look at the transformation of a department through targeted idea management.

## Introduction to idea management

Idea management is the process of systematically collecting, organising, evaluating and implementing ideas within an organisation. This includes not only encouraging employees to generate ideas, but also integrating a structured system to identify and develop the most promising ideas. Through active idea management, companies can harness the creative potential of their employees to develop new solutions and increase organisational efficiency [1][5].

## Idea management process

### Idea generation and recording

Successful idea management begins with idea generation. Here, employees are encouraged to contribute their ideas via various channels, such as suggestion boxes, digital platforms or brainstorming sessions. The ideas are then collected and documented in a centralised system to ensure that no valuable ideas are lost [1][9].

### Development of ideas

Selected ideas are further developed, often through cross-functional collaboration, the creation of prototypes and tests to validate concepts. This phase is crucial to assess the feasibility of the ideas and fully realise their potential [1][6].

### Evaluation and selection

Ideas are evaluated on the basis of feasibility, potential impact and strategic fit. This evaluation can include expert opinions, feasibility studies or market research. Only the most promising ideas are selected for implementation [1][6].

### Realisation and feedback

Once an idea has been developed and validated, it is implemented. This includes the allocation of resources, the creation of action plans and the ongoing monitoring of progress. Providing feedback to idea generators and recognising their efforts is crucial to encourage engagement in the idea management process [1][3].

## KIROI Step 6: Transformation through targeted support

A clearly structured support process, as proposed by the KIROI approach, helps teams to systematically develop ideas and turn them into realisable projects. This promotes a lively culture of innovation that is anchored in the company in the long term. Teams often report greater involvement at all levels and a better understanding of corporate goals [4].

### Practical examples

BEST PRACTICE with a customer (name hidden due to NDA contract): The introduction of targeted dialogue formats increased the transparency of decisions and employees were more motivated to share ideas. This led to greater involvement at all levels and a better understanding of the company's goals.

In the manufacturing industry, the introduction of continuous improvement processes (CIP) can help employees to actively share ideas and increase the transparency of decisions. At the same time, this promotes collaboration and commitment within teams.

##

Idea management: A key to corporate growth

Idea management is not only a process for generating ideas, but also a key to corporate growth. It helps companies to strengthen their competitiveness, save costs and organise processes more efficiently. By mobilising performance reserves and promoting a creative working environment, the potential of employees is used to develop sustainable innovations [5].

### Advantages of idea management

#### Process improvement

Idea management leads to continuous improvement of internal processes as it encourages employees to identify problems and develop solutions. This can be supported by continuous improvement processes (CIP) in which teams work on improvements [5].

#### Promoting innovation

It promotes innovation by enabling employees to propose and implement new ideas. This can be supported by methods such as brainstorming and hackathons, which increase creativity and collaboration within teams [9].

#### Employee motivation

Employee commitment is encouraged through recognition and feedback, which leads to greater job satisfaction and motivation. This supports the long-term loyalty of employees to the company [1].

##

Implementing idea management in practice

The implementation of idea management requires a clear strategy and integration into the corporate culture. Companies should use digital platforms to collect and manage ideas and provide regular feedback to idea providers. This can be supported by targeted coaching programmes that develop the potential in idea management and help to break down barriers [4].

### Examples from various industries

In the IT sector, idea management is promoted through collaboration between experienced and younger teams. The exchange of expertise and suggestions for improvement improves projects and ensures a sustainable learning culture.

In the manufacturing industry, targeted ideas management supports the involvement of all levels and promotes transparency in decision-making. This leads to a stronger identification of employees with the company's goals.

##

Conclusion: The importance of idea management

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My analysis

Idea management is a decisive factor for the success of companies, as it utilises the creative potential of employees to promote innovation and improve processes. Idea management can strengthen competitiveness and support company growth through targeted support and clear structures. It is important to motivate employees through transparent processes and regular feedback in order to promote a lively culture of innovation.

Further links from the text above:

- Idea management: definition, procedures and best practices](https://ideascale.com/de/der-blog/ideen-management/)
- Idea Management: Processes](https://www.crowdworx.com/de/ideenmanagement-prozesse/)
- Idea management methods](https://tableofvisions.com/ideenmanagement/methoden/)

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#compliance #Ethical guidelines #Idea management 1TP5InnovationThroughMindfulness #Employee motivation #Sustainability #Process optimisation 1TP5Corporate culture #Corporate growth #Chains of responsibility

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