Crowdsourcing is the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people rather than from traditional employees or suppliers. Essentially, it is the process of obtaining information or ideas from as many
Innovation by definition means change. Not all change, however, is innovative. Change – whether innovative or not – is inevitable, and the people and companies that regard change as a leverageable asset are the ones that end up better off
Innovation is ultimately about solving problems. While it’s possible to solve problems in both innovative and non-innovative ways, innovative problem-solving has the potential to make major changes to what people do, how they conduct business, and how they live life. Problem-solving is a skill
The cost of consumer switching among retailers and other providers is estimated at $1.6 trillion. Yet 80% of “switchers” think their original provider could have done something to retain them. Many companies think of innovation in terms of products, internal processes
Hackathons originally emerged as a way to quickly advance software technologies and identify new areas for technology innovation. The term has since evolved to encompass other types of intensive collaboration events. Though hackathons often make use of software, they’re no
Before you can assess your organization's innovation maturity, you have to ask and answer the question, “What does innovation mean to us?” Unless your organization has deliberately built a culture of innovation throughout, answers to that question will vary –
Fostering employee engagement is crucial for creating a positive and productive workplace culture. Employee engagement is what causes employees to want to give extra effort at work. Employees who are engaged in their work feel as if they are making
The average number of years a company spends on the Fortune 500 list is dropping. Fifty years ago, a company on the Fortune 500 list could expect to stay there for 33 years, but by 1990, that tenure had shrunk
This February and March, the Ideascale team toured Australia, running workshops in Melbourne, Perth, Brisbane, Canberra, and Sydney to discuss crowdsourcing and open innovation. Also most importantly, intrapreneurship, with a stop at the Brisbane Intrapreneur's Summit. Based on our work
Process innovation is perhaps the “classic” form of innovation. Finding a better way of accomplishing necessary business tasks is low-risk, and can lead to other types of innovations. Also helps companies maintain and sharpen their competitive edge. Developing innovative ways
