How does Crowdio support the innovation management process in organizations?
There is no possibility of building competitiveness in the market if an organization does not allocate the necessary financial resources for the continuous development of all areas of its operations. However, the implementation of innovation should always be a well-thought-out, systematic, strategically aligned, and effectively managed process. Innovation management encompasses all the activities necessary to bring about the realization of modern and practical technological solutions. To make innovation management possible, an organization requires infrastructure that supports this process.
The innovation management process – key stages
1️⃣ Idea generation and selection
This stage involves gathering signals from both within and outside the organization and capitalizing on the opportunities that arise to effect change through modern technology. Selection entails choosing the best option among these opportunities.
2️⃣ Planning
The initial phase of the process is where you analyze the alignment of the idea and planned activities with the organization’s strategy and available budget. During planning:
- Forecast – to estimate how profitable the investment will be in the future.
- Program – to perform actions leading to the definition of goals and means of action.
- Create a plan – to define the goal, means, and steps you commit to take.
3️⃣ Implementation
This stage involves the execution of the idea for innovation according to the plan you’ve created. Implementation may take the form of developing a new product or service, changing a technological process, or modifying a business model
4️⃣ Diffusion and discounting
At this stage, you disseminate information about the new implementation through appropriate channels, ensuring maximum outreach. You reap the benefits of innovation.
5️⃣ Control
You assess the effectiveness of the implementation and the alignment of the project’s assumptions with the results. You diagnose any irregularities and determine whether and how to eliminate them.
Crowdio as a tool supporting the innovation management process
The Crowdio crowdsourcing platform supports individuals responsible for innovation management in organizations throughout the entire innovation implementation process.
1️⃣ Idea generation and selection
As a crowdsourcing tool, Crowdio provides signals from within the organization about the need for improvements in specific areas of the company’s operations. Employees actively participate in the implementation process from the outset by proposing their own solutions. They contribute with their expert insights and knowledge of current solutions used in their field, even by the closest competitors. They can also indicate what they need within the selected campaign area and propose their own solution, presenting it as a specific product or service. This effectively eliminates the need for time-consuming audits or employee surveys. Employees can put forward their ideas themselves, so you don’t have to look for them
Crowdio also simplifies the selection of a specific idea. Employees have the opportunity to vote for the innovation they believe is best. This allows you to identify the most anticipated and well-received innovations by your employees. You can gain insight into their top priorities, and in many cases, if you allow it, employees themselves can make the final decision through their votes. The idea with the most votes will automatically be selected for implementation.
2️⃣ Planning
When creating a campaign in Crowdio, the campaign manager sets parameters, including the campaign’s duration and budget, derived from the organization’s strategy. The ideas proposed by employees can be instantly reviewed against your plan. You can reject them if the employees haven’t verified the criteria or accept them when they align with the conditions you have imposed. The thorough assessment and selection of ideas are carried out by a selected committee to which the ideas are automatically directed.
3️⃣ Innovation implementation
After selecting an idea, it’s time to implement it. But before that, you need to choose the individuals who will oversee the project. Thanks to Crowdio, this decision can be made in just two clicks. Your employees have the opportunity to suggest the best candidates. You can also invite the person you select to take charge of the project. If needed, Crowdio, utilizing artificial intelligence, can help you recruit external candidates. It can select the most suitable candidates from LinkedIn users and even propose suitable suppliers if necessary.
4️⃣ Information diffusion and progress control
The Crowdio platform is the best source of information regarding the innovations being implemented in your company. It enables seamless communication between you and the entire organization about ongoing projects. Through Crowdio, all employees can monitor the progress of specific campaigns. Everyone will be automatically notified of any developments or implementations. In case of irregularities after implementation, it also serves as a space for rapid reactions and problem communication. It is a place for jointly developing implementations and sharing observations.
How does Crowdio streamline the innovation management process?
The innovation management process is complex and requires the right approach and tools at every stage. Crowdio, with its functionality, streamlines this process by organizing its steps, automating transitions to subsequent stages, and facilitating communication about progress. Crowdio accelerates not only the ideation process but also the assessment and implementation stages.