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If you're considering implementing an idea management platform in your business unit, here are three key features you need to look out for: design that drives user engagement, best-practice templates to hit the ground running, and connectivity to your innovation management platform.
In today's rapidly changing business landscape, it’s not only innovation teams who are using idea management solutions to find new solutions and encourage fresh thinking among employees. If you're considering implementing an idea management platform in your business unit, here are three key features you need to look out for:
Have you ever started filling out a form just to quit halfway through because it’s not worth the headache? Design and usability of your idea management platform is crucial for employee engagement. If your team finds it hard to use or navigate, they'll soon lose interest.
So, when choosing your platform, make sure it's simple to use and has a user-friendly design. The experience should feel as easy as using any modern website and beloved b2c app. That means users can easily find what they're looking, functionalities are intuitive, and visual elements bring the page or app to life. Remember, this is a place where your team should inspire and feel inspired!
Finally, a great design isn't static. It should evolve based on user feedback and needs. Therefore, choose a vendor committed to continuously improving the platform based on users' experiences and suggestions.
With the plethora of idea management literature out there, it can be overwhelming to set up your first campaign. That’s why guidance should be included in your idea management platform with off-the-shelf templates so you can hit the ground running.
Templates give you a head start by providing a structure for generating and managing ideas. They should match your goals and needs, including defining submission forms and idea stages. Plus, they should be flexible enough for you to change the wording to fit your company. For example, do you want to ask for “ideas,” “feedback,” or “best practices?”
Finally, these tried-and-true templates ensure you follow industry best practices. They’re based on the most common processes being followed by thousands of companies across sectors. Forget about re-inventing the wheel - unless you’re running an idea campaign on the future of mobility!
Once your campaign is over and winning ideas have been selected, what next? Your idea management platform should easily connect to your innovation management platform to avoid falling into the idea sandbox syndrome where ideas accumulate but lack concrete follow-up.
Having both platforms integrated speeds up the process of turning an idea into action. This connectivity also allows you to better leverage existing partners in your portfolio who could help implement the idea, saving even more time.
Finally, having your entire innovation funnel managed on a single platform means more accurate and holistic analytics from idea to implementation. You should also be able to track topics such as your most engaged internal innovators, hot innovation topics, and innovation ROI.
Remember, these three features - simplicity, ready-to-use templates, and connectivity - are crucial for any idea management platform. They'll help to ensure the successful creation and management of innovative ideas within your department.
Looking to boost user involvement on your innovation platform? We know engaging users is vital, but getting them to use the platform effectively is what truly drives innovation and growth.To enhance user engagement on your innovation platform, consider hosting strategic events.
These events allow users to experience the platform's benefits firsthand, build awareness, and provide training. They foster collaboration and a sense of community, driving adoption and innovation.
At Bloomflow, our objective is to cultivate an innovative community where everyone actively participates and collaborates. We understand the importance of incentives in engaging people, so we're committed to motivating and recognizing outstanding ideas that drive progress and creativity. Based on our clients' experiences, rewards have proven to attract more users to their platforms, and we're excited to pass on some of their effective strategies.
In our upcoming infographic, we offer practical advice on how to establish a stimulating environment where rewards play a significant role in fostering innovation, facilitating knowledge-sharing, and fostering collective success.
Looking to boost user involvement on your innovation platform? We know engaging users is vital, but getting them to use the platform effectively is what truly drives innovation and growth.To enhance user engagement on your innovation platform, consider hosting strategic events.
These events allow users to experience the platform's benefits firsthand, build awareness, and provide training. They foster collaboration and a sense of community, driving adoption and innovation.
At Bloomflow, our objective is to cultivate an innovative community where everyone actively participates and collaborates. We understand the importance of incentives in engaging people, so we're committed to motivating and recognizing outstanding ideas that drive progress and creativity. Based on our clients' experiences, rewards have proven to attract more users to their platforms, and we're excited to pass on some of their effective strategies.
In our upcoming infographic, we offer practical advice on how to establish a stimulating environment where rewards play a significant role in fostering innovation, facilitating knowledge-sharing, and fostering collective success.
Effective communication strategies are key to elevating user experience, fostering collaboration, and ultimately driving adoption of our platform. In this infographic, we will explore actionable steps to optimize both internal and external communication to unlock new opportunities for innovation and growth.
In today's rapidly changing business landscape, it’s not only innovation teams who are using idea management solutions to find new solutions and encourage fresh thinking among employees. If you're considering implementing an idea management platform in your business unit, here are three key features you need to look out for:
Have you ever started filling out a form just to quit halfway through because it’s not worth the headache? Design and usability of your idea management platform is crucial for employee engagement. If your team finds it hard to use or navigate, they'll soon lose interest.
So, when choosing your platform, make sure it's simple to use and has a user-friendly design. The experience should feel as easy as using any modern website and beloved b2c app. That means users can easily find what they're looking, functionalities are intuitive, and visual elements bring the page or app to life. Remember, this is a place where your team should inspire and feel inspired!
Finally, a great design isn't static. It should evolve based on user feedback and needs. Therefore, choose a vendor committed to continuously improving the platform based on users' experiences and suggestions.
With the plethora of idea management literature out there, it can be overwhelming to set up your first campaign. That’s why guidance should be included in your idea management platform with off-the-shelf templates so you can hit the ground running.
Templates give you a head start by providing a structure for generating and managing ideas. They should match your goals and needs, including defining submission forms and idea stages. Plus, they should be flexible enough for you to change the wording to fit your company. For example, do you want to ask for “ideas,” “feedback,” or “best practices?”
Finally, these tried-and-true templates ensure you follow industry best practices. They’re based on the most common processes being followed by thousands of companies across sectors. Forget about re-inventing the wheel - unless you’re running an idea campaign on the future of mobility!
Once your campaign is over and winning ideas have been selected, what next? Your idea management platform should easily connect to your innovation management platform to avoid falling into the idea sandbox syndrome where ideas accumulate but lack concrete follow-up.
Having both platforms integrated speeds up the process of turning an idea into action. This connectivity also allows you to better leverage existing partners in your portfolio who could help implement the idea, saving even more time.
Finally, having your entire innovation funnel managed on a single platform means more accurate and holistic analytics from idea to implementation. You should also be able to track topics such as your most engaged internal innovators, hot innovation topics, and innovation ROI.
Remember, these three features - simplicity, ready-to-use templates, and connectivity - are crucial for any idea management platform. They'll help to ensure the successful creation and management of innovative ideas within your department.
Our mission is to empower users by providing them with the knowledge and tools necessary to optimize the usage of their innovation management platform. Through our shared expertise, we offer essential strategies to not only boost user engagement and satisfaction, but also establish effective governance for driving adoption within your organization.
In this infographic, we will explore the key steps you can take to unleash the full potential of Bloomflow and achieve tangible business results. Join us on this journey to harness the power of our platform and propel your organization forward.
Ready to unleash the full power of your innovation management platform? At Bloomflow, we've gathered tried-and-tested tips from various customer examples to help you create a highly effective onboarding experience for numerous users. By implementing these strategies, you can ensure that every user gets off to a great start and maximizes the benefits of the platform.
Let's dive in and discover how you can optimize your onboarding process for success.
Paris – Bloomflow is proud to announce the launch of its Idea Management solution, designed to maximize user adoption and engagement among employees and to transform qualified ideas into promising innovation projects.
In today's fast-paced business environment, large enterprises face the challenge of constant transformation. Merely relying on a top-down strategy won’t cut it: teams need to be empowered to fuel this strategy with their in the field knowledge and then actually make it happen.
The need for effective idea generation and management tools that put teams and the user experience at the core has never been greater. Today, many organizations struggle with low user engagement and the challenge of having a long list of ideas and no action afterwards.
Recognizing these pain points, Bloomflow launched its brand-new Idea Management module– the first user-centric solution specifically designed to guide ideas from inception to execution.
Hear from Unilever, a new client who recently added Bloomflow Idea Management to their platform:
Be among the first to experience the power of Bloomflow Idea Management by joining our Early Adopter program. As we continue to innovate and enhance our platform, Early Adopters will have the opportunity to shape the future of Bloomflow and influence upcoming features and functionalities.
Have you ever failed to launch a new innovation project because of the lack of alignment with a startup partner? Or maybe, you didn’t hit your business objectives and saw less-than desirable results.
Let’s talk about why this happens and how you could put an end to it.
One of many paradoxes in the business world is the desire of corporations to work with startups and incorporate their culture, meanwhile encouraging (or even unconsciously pressuring) startups to assimilate with the corporation mindset.
For corporations, collaborating with startups is worth the investment as these partnerships bring a range of opportunities. They can gain insights into emerging trends and quickly respond to changes in the market while gaining a competitive edge. Cost savings, risk mitigation, and brand enhancement among other factors is what makes this type of partnership so attractive.
Startups are agile making them a natural partner in innovation for corporations on a mission. However, there are two inherent differences that can potentially pose a set of challenges - culture and organizational structure.
They also often bring a fresh perspective that can shake up corporate tried-and-trusted processes. When corporations push their structures onto the smaller teams at startups - the paradox occurs.
Open innovation is when organizations collaborate and seek ideas from outside sources instead of relying solely on their own knowledge and resources.
And with digitalization only accelerating, it makes sense why more and more corporations are looking outward to help them keep up.
While Bloomflow fosters corporation-startup partnerships, we are also a startup ourselves and have the pleasure to work with large enterprises. We know the startup world.
And in our experience we’ve identified five key aspects of the corporate-startup partnership that both parties should pay close attention to.
In this type of partnership, there is often no defined process or governance, which leads to ineffective communication as well as security risks.
Startups are small and flexible giving them the benefit of agility but the downfall of resource management. They do not have the same resources, time, or team to match the corporation's structure and expectations. So as the bigger player in the game, it is important for corporations to stay involved in the project, specifically, in the organizational aspect.
Both sides should take the time to establish clear communication channels and specific procedures. As a corporation representative, do not be afraid to take the lead and send those calendar invites, follow ups, or appoint team members responsible for overseeing the processes.
There will come a time when challenges must be faced, and having effective communication will ensure partners will be able to work through them efficiently.
It's complex to keep track of what everyone is doing, but when engaging with externals, we need to ensure best practices
In a survey conducted by Economist Impact, 5 main open innovation adoption practices were observed in advanced and emerging organizations:
When establishing communication, selecting and adopting practices that work well for both partners is the backbone of your collaboration.
A sure way to dissolve a partnership is by losing trust and as with any other partner, the startup needs to get the full picture.
As mentioned previously, their main characteristic is their agility to adapt and sharpen their solution if the organization's expectations are clear.
Aim to instill trust in your partnerships and establish a full transparency policy that covers all elements of the collaboration - goals, timelines, intentions, contracts, procedures, etc.
Do this at the start of collaboration so your outcome visions are aligned and success at scale is not jeopardized by lack of transparency.
You need to understand that startups do not have the same guidelines and security measurements as a big corporation. Not all will have information security and privacy protection.
So it is up to you to create an ongoing stream of information exchange and ensure security policies are set in place. Share more than the minimum information required so you can discover insights or find innovation gaps.
Innovation gaps are cases in which a business has a need to evolve but lacks the resources to do so. Discovering these gaps with your startup partners represents a great opportunity to close them through meaningful innovation.
Keep in mind the "paradox of openness" described by Laursen and Salter as it poses a challenge in collaborations with startups. The difficulty lies in creating an environment that fosters innovation without giving away too much to competitors. Firms that don't embrace external knowledge could miss innovation opportunities while those that share too much may lose their edge to competitors.
It's about finding the right balance between seeking external knowledge to fuel innovation, while also safeguarding your own expertise.
Frustration and complications arise when there’s not a clear understanding of your partner’s differences from your own organization.
Remember, your organization or the startup is not trying to adopt each other’s mindset. That will not happen and that is also not the goal of this collaboration. It is a partnership that is mutually beneficial because of those inherent disparities.
Tobias Henz, an expert in bringing corporations and startups together mentions that “Just openly acknowledging that there may be problems in working together due to different cultures, methodologies, and philosophies and committing to working them out can drive partner satisfaction up by 30 percent.”
Both parties need to take the time to familiarize themselves with their partners’ procedures. Establish a common approach to ensure both are working in the most effective and efficient way possible.
Be careful to not impose too many of your own methods and processes. Don’t forget, the key advantage of working with startups is their agility and learning how and why they do things differently.
In a McKinsey interview, discussing main obstacles faced in corporate-startup partnerships, Miao Wang, leader of McKinsey’s innovation practice, states that one pitfall “...is lack of strategic clarity about what you are trying to accomplish. Many corporations know they need to innovate, and know the technology trends, but have not translated that into what they practically need to do and therefore how they can leverage the external ecosystem to help them accomplish their objectives.”
A strong foundation needs to be set for the partnership to create impact. This should be done by setting clear goals and achievable key performance metrics to get the most value out of the collaboration.
For us at EIT Food, the most important step is clearly understanding the corporate’s strategic objectives, and then working backwards from there to identify the right innovations/startups and increase the chances of a successful outcome.
Again, many startups don’t have the capabilities to mount large and expensive projects. Therefore, both partners will need to be frank about what is possible and what is not. Keep this in mind while discussing future projects that way the desired outcome is realistic and aligned with business objectives
The goals set should be mutually beneficial. Yes, the corporation will have needs, but the startup should also be benefiting from this partnership (in more ways than just monetary).
Remember to find a balance between learning from the innovative startup and leveraging corporate strengths. With effective communication, information sharing, and understanding you embrace the best of both worlds, and pave the way to success and sustainable growth.
Meet Yossi Feinberg, professor at Stanford Business School specializing in entrepreneurship. He’s the director of the executive program Driving Innovation and New Ventures for Established Organizations and co-director of an online digital transformation program.
We sat down with Professor Feinberg to gather his insights from more than 25 years of working with executives to drive innovation. Watch the video for the highlights, or read on for more insights!
This conversation has been edited for length and clarity
There's a sense of urgency that I haven't seen in the last five or six years. I think that urgency is coming from the fact that the world is actually changing fast.
Consumers expect things to be faster and newer. They find it easier to switch between technologies or between offerings, which is true also for business customers.
On the other hand, there's also higher expectations for more sustainable products. And at the same time, every industry and every company is under pressure, either from existing rivals or from disruption, because there are many more startups who are now attacking almost every industry.
One of the things that we see companies do is react by reorganizing how work is done. An example is companies actually start to organize by product, and they push decision making closer to where the product is created. For example, companies may have product managers who then are in charge of pushing innovation in their own product domains. This brings the customer voice into the process of innovation to provide products faster, and which have a better product market fit
Another example is companies moving to a digital transformation approach where they're trying to digitize the business, create more opportunities and innovation through new business models or through applications of digital technologies.
But unfortunately, what we see from research out there is that many of these approaches are highly challenging to execute. For example, there are surveys that claim that digital transformation projects fail at the rate of 80% or even higher. And the real problem is that once you try something innovative in an organization and it fails, it becomes much more difficult. The organization naturally resists innovation, and people are a little bit jaded when you try to innovate again.
The first thing I tell them is that there's no recipe. There's no one magic formula that you can just execute innovation in every organization and be successful. If we had that, you would have seen it already.
The second thing I tell them is that there is a special recipe for their organization. There are actually insights and tools that help each individual organization find its way into successful innovation.
So usually, the starting point is identifying the types of innovation that your organization wants to pursue. And with that, you have to start thinking about where will the ideation happen? Where will the best ideas happen? Sometimes it's inside the organization, sometimes it's outside the organization.
Next, you need to evaluate those ideas.
And obviously, the most important thing is then executing on those innovations. And executing on those innovations means deciding on what organizational model will execute those innovations. Do you want to incubate ideas? Do you want to work with startups? Do you want a corporate venture capital app? Do you want a portfolio of all these things? There are many ways for a company to actually go after those innovative new projects and you have to make your decision on building those.
But there are two things that are fundamental as you start thinking about all these elements of identifying, generating, evaluating, executing, and growing those innovative new projects. And those two things are the following. One is the information flow in your organization. How does information flow to the people who drive innovation? And the second part, and maybe the most fundamental part, is your organizational culture.
Well, when you go into almost every large company and you ask leaders, “What's the innovation that's happening in your organization?” It's rarely the case that they have a complete map of every innovation that's happening in the organization.
Information flow is dynamic and important from that perspective. But it's not only inside the organization. There's all the information that needs to come from outside the organization whether it's startups, whether it is new technologies that are coming in, maybe trends with consumers or your customers or things on the supply chain. There's always a changing world in which information is crucial when it comes to innovating in your organization.
But why is this information so crucial? It's because the people who are making those decisions at the innovation level, at the startup level, inside the large organization, they're facing a lot of uncertainty and ambiguity. So having this information and knowing what's going on elsewhere in the organization and outside in the world of the startups or the new technologies or the trends, that is crucial for being able to execute better on innovation projects.
For example, having information on trends or competing startups could be a crucial tool in deciding whether a project is a go or a no-go, whether one project should get more resources than another project, or move faster because this is how we're going to win. Those decisions can help us figure out where to put our resources. And in some cases, what do we need to shut down and prevent having those “walking dead” projects in our organization?
This challenge has been around for decades; many have researched it and written about it. But we have to remember that organizational culture starts with people. And when we think about the people who are going to drive innovation in the organization and think about what they need.
They not only need assets and best practices and guidance and support, they also need a community. And they also need support from others in the organization. It's not enough to think about culture as an isolated thing for a group of people who are driving innovation. It's much more important to think about it holistically for all of the organization.
The nice thing here is that it actually connects to the previous challenge that we talked about, which is information flow. The same notion of a network, of a connection between people that transfers information, can also help innovators find people who will support them.
It also helps people find opportunities to engage and support and participate in new projects. This helps transfer attitudes and create shared values that will change people's eventual behavior and their underlying assumptions that will lead them to be more innovative personally. That is how to foster a culture of innovation throughout the organization.
I'm a strong believer that technology can enable and support innovation in large organizations. The main reason is that it's not technology for the sake of technology, but technology can help us with this information flow problem that we have.
It can also be a tool that creates a community. So it helps us with transferring those values that eventually translate into this culture of innovation. More importantly, with technology you can make sure that you have best practices, that you're anchored in the business values that innovation can create, and that you can implement better decision making. And in many cases, technology is what helps you to scale whatever solutions you come up with. And that's an extremely powerful tool.