When looking to introduce a new Innovation or Idea Management program, one of the most frequent challenges can be building out and selling the business case to decision makers within a firm. Objections from these individuals can be numerous, but we at Ideawake understand the root of these objections and have outlined the explanation you need to overcome them and ease leaders’ concerns.
If you’ve launched an Idea Management program in your company, you’re on the cusp of using a powerful business tool to dramatically increase innovation within your firm. An Idea Management program is the ideal way to tap into the power of your most valuable asset, your employees. However, if employees aren’t engaging with your Idea Management program, you likely won’t maximize your potential returns.
The return on investment (ROI) of idea management software is an important facet for buyers to consider during their decision-making process. ROI is a performance measure that indicates whether money and time spent is ultimately worth the return value.
The implementation of innovation management software is an exciting – and increasingly important – step for any company to take. It can open the door to a seemingly endless stream of innovative ideas from employees, shareholders and consumers.