Today, innovation is a top buzzword in almost every industry. Companies of every scope are looking for ways to grow revenue, cut costs and increase engagement, and the legal sector is no exception.
A portion of the legal sector appears to have missed the memo that firms desperately need to innovate. According to the “Closing the Innovation Gap” survey conducted by Thomson Hine, 96% of respondents reported seeing little to no innovation at their company over the past three years.
The desire to be heard and feel valued is natural. From CEOs to employees to consumers, it’s important to provide people with the opportunity to share their thoughts and opinions.
As industries continue to rapidly advance their technology, products and services, it’s essential for companies within the legal sector to keep up with innovative efforts or risk being left behind.
A key and often (unfortunately) over-looked portion of an employee-powered innovation program is communication of what’s really going on behind the scenes.
As the retail landscape changes seemingly daily, what does the future of innovation in retail look like?
Over the past years, crowdsourcing platforms have become an essential tool that sets apart leading, innovative companies from the rest. Whether your company is a local start-up or a blue-chip company, it is undeniable that innovation platforms are becoming critical to the future success of your businesses.
Back in 2008, Starbucks launched their crowdsourcing platform, “My Starbucks Idea”.
Your intentions may be good, but there is more to open innovation than just a suggestion box.