Lack of effective frameworks to manage innovation processes and next stages of digitalization
Ideas are important assets today for every company. Their implementations can make the difference in relationship with competition and with the markets. Many of them are valuable, however, only some of them are seized and processed. Most are forgotten or even disappear inside the internal bureaucratic maze.
There is no strategy for recording and evaluating ideas, and there is no structured knowledge on how to connect these ideas to the overall growth strategy of firm. Most companies have not developed effective methods to select the most relevant ideas and to assess the potential added value.
Because valuable internal and external ideas disappear, firms are missing opportunities and business gains.
Employees are not engaged in the company growth strategy. This produces demotivation and frustration.
Missing internal and external innovation opportunities and ideas is a real C-Suite concern.
Solution
A conceptual framework and a digital platform to manage corporate innovation
Axiobit developed a consulting product for designing a method to process internal ideas, based on the strategic framework of the corporation.
Axiolab has designed and is continually developing a digital platform employing social media functionalities to capture, document and perform community-based processing of ideas, from generation to project.
The digital interpretation of the accelerator is a valuable management tool and a strategic source of innovation.
Impact
Higher profitability through enhanced efficiency
Reduction of personnel turnover with 25%
Improved store’s indicators of profitability and liquidity
Facilitator for omnichannel management.
Effective Performance Management Architecture for operational rationales
