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

19 August 2024

Idea management 2.0: KIROI step 7 for company-wide innovation

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In an age of constant change, idea management is playing an increasingly central role in companies. Idea management is understood not only as a collection of suggestions, but also as an ongoing, company-wide process that systematically develops innovative strength. KIROI Step 7 offers a practice-orientated framework for supporting ideas in the long term and actively integrating them into everyday working life. In this way, it promotes company-wide innovation and the creative utilisation of knowledge potential.

Idea management as a living process to promote innovation

Many companies have numerous ideas, but struggle to implement them. This is where KIROI step 7 in idea management comes in. It views the entire cycle from idea submission to realisation as a dynamic accompanying process. This prevents good suggestions from getting lost in day-to-day business or being blocked by a lack of structures.

In the automotive industry, for example, moderated workshops show how production optimisation can be successfully implemented. Specialist departments benefit from open interdisciplinary dialogue, which breaks down barriers and promotes new solutions. In the financial sector, agile teams enable the rapid integration of customer-centred ideas into IT processes. Retail companies rely on digital platforms to document ideas from branches transparently and transfer them into innovative projects. This brings ideas management to life in everyday life and ensures the transfer of knowledge across departmental boundaries.

BEST PRACTICE with one customer (name hidden due to NDA contract) KIROI Step 7 was introduced in a medium-sized production company to accelerate the implementation of innovations. Targeted workshops and sustained coaching helped to remove obstacles across departments. The result was a motivated workforce that actively participates in idea management and shorter development cycles for new products.

KIROI step 7: Strategy for company-wide innovation culture

KIROI Step 7 pursues a holistic strategy that recognises idea management not as an isolated task, but as a living part of the corporate culture. The aim is to involve all employees, identify obstacles at an early stage and make the dialogue transparent. This increases acceptance and commitment to innovative projects in the long term.

In the software industry, teams report improved collaboration when developers are actively involved in the ideas process via feedback cycles. Digital systems enable retailers to quickly visualise suggestions from different locations and learn from each other. Mechanical engineering benefits from the continuous exchange of knowledge and shortened development loops, which promote a rapid market launch.

BEST PRACTICE with one customer (name hidden due to NDA contract) In industrial production, step 7 was used to systematically remove obstacles to implementation. Moderated workshops promoted interdisciplinary exchange, which meant that innovation projects were realised more quickly. As a result, the culture of innovation was sustainably strengthened.

Practical tips for integrating idea management in the company

Successful idea management requires clear structures and a transparent process. The following measures support this:

  • Actively encourage employees to come up with ideas via various channels, for example through digital platforms or creative workshops.
  • Record and document ideas promptly so as not to lose any suggestions.
  • Introduce regular feedback rounds so that idea providers receive feedback on status and progress.
  • Rely on cross-departmental collaboration to develop ideas across departments.
  • Establish a transparent evaluation process that takes into account the feasibility and benefits of ideas.

The combination of systematic support and a high level of employee involvement makes ideas management lively and effective.

Idea management as a driver for sustainable corporate success

Today, idea management is more than just a suggestion scheme. With KIROI Step 7, the process becomes an integral part of the corporate culture and supports sustainable innovation development. Companies that follow this path benefit from the active participation of all employees and consistent monitoring of their suggestions. This not only promotes innovative strength, but also strengthens the motivation and identification of the workforce.

Particularly in sectors such as mechanical engineering, software development and retail, it is clear that holistic idea management makes all the difference. It enables a rapid response to market requirements and provides a long-term competitive advantage. Idea management thus leads to a continuous improvement process that supports flexibility and creativity in companies.

By involving everyone who contributes to the success of the company, an open innovation space is created. This is precisely the core of modern idea management, which KIROI Step 7 promotes and supports with practical impulses.

My analysis

Nowadays, idea management is an indispensable tool for companies that want to hold their own in a competitive environment with ever-increasing pressure to innovate. KIROI Step 7 helps to understand ideas as an ongoing process and to support them throughout the organisation. Practical examples from industry, IT and trade illustrate how effective structures and an active dialogue strengthen the culture of innovation. Companies that pursue this approach report higher employee motivation and faster realisation of innovations. Idea management thus becomes not just a mere collection of suggestions, but a living engine for sustainable success.

Further links from the text above:

Efficient idea management with KIROI Step 7

What is idea management? Definition and process

Rethinking idea management with KIROI Step 7

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