The concept of idea management is fairly new and a lot of big enterprises have already started using idea management software in order to capture , process, and measure employee recommendations to incorporate positive changes. Idea management software is used in combination with various process enhancement methodologies as Six Sigma, Lean Sigma, and other quality assurance and productivity enhancement approaches in order to achieve operational excellence.
As of late, there is an increasing popularity for idea management systems and software, which can be attributed to a wide array of compelling advantages of it as we discuss below.
- Solutions to help business leaders:
No doubt that great ideas can help business leaders to effectively;
- Cut cost
- Ensure safety
- Make the processes much more efficient.
In this tightly competitive global market scenario, satisfying consumers is the prime aspect to ensure for business success and this initiative needs to come from each single employee of the organization. Without a streamlined way to solicit ideas, good suggestions may not ever be expressed.
- Ensure action
This may sound similar. Someone takes initiative and makes a great suggestion, and others say “Yes, it’s a great idea”, applauds, but then nothing happens in terms of following it up. There may be many such lost opportunities each day for every business. A good idea management software is designed to prevent this mishap. It ensures systematic processing of an idea right from its inception to implementation.
- Measuring the results
Once a new idea gets implemented, it is vital to check whether it works as per its objective and brings in a positive ROI (return on investment). It is necessary to measure the returns and see if it justifies the effort put in. Idea management software will also have tools to keep a measure of the results and come up with inferable stats for the decision-makers to have an insight about it.
- Effective employee engagement
Idea management is a comprehensive and widespread process to which you can invite each and every employee to take part in business improvement of their organization. This initiative will help them to feel more attached and loyal to the organization. The employees engaged in the idea management campaigns will have a direct impact on enhancing the bottom-line business performance, which in turn will reflect in productivity, quality, and customer satisfaction.
- Employee recognition
Employee recognition is another big advantage of systematic idea management. Just by making the employees participate in it enthusiastically, the managers can easily assess and reward the employee ideas and efforts towards business process improvement.
Implementation of an idea management software is a clear signal to all involved that the organizational leaders are about and genuine about opening direct lines of communication at all levels and the business surely has a bright future.
Most of the enterprise leaders who took initiative to use idea management software shared their excitement on seeing the level of engagement and creativity with which the employees responded to it. No doubt that systematic idea management is a concept which can offer a significant edge to enterprises aspiring growth and success.