Launching idea management initiative entails a change of organizational culture in the direction of innovation. It provides opportunities to employees, especially those at the operational level, to share their ideas relating to daily operations. As a result, idea management gives the organization the possibility of implementation of the best ideas through business processes, products and services and the possibility of turning ideas into innovation.
From employee’s perspective, some of the benefits of idea management are reflected through possibility of participation in the initiative, the visibility of individuals within the organization as well as rewarding the most innovative employees.
Before the implementation of a standardized idea management process, it is necessary to define the full set of pre-conditions such as ownership of the initiative, budget and resources, expected benefits from ideas and how to ensure employee engagement.
The implementation of idea management brings radical changes to the organization. Risks and challenges of idea management implementation are managed through the promotion of new initiatives with the support of management and with specific functionalities of software solution.