✅ Related keywords: innovation management, structured process, internal collaboration
The whole process of generating, evaluating, and implementing ideas for innovation. Idea management often follows a formal structure, and relies on three pillars of business for success: the culture, system, and process of a company. In terms of culture, management should foster an environment where employees feel comfortable giving feedback that could prove valuable. The company system should then allow the company to collect said feedback, and the process should allow the company to effectively implement the ideas that were brought forward.
More innovation terms explained.
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