Ideas can be in the form of new products or services, cost-reducing techniques, process improvements, or innovative business models and methods. No doubts that the benefits of innovation occur in all aspects of the financial statements. Most great ideas for enhancing corporate growth and profits aren’t discovered at your research center or brainstorming in the conference rooms, they come from the people who on a day to day basis face the company’s battles, who serve the customers, explore new markets and defend competition.
Organizations are looking at ways to tap into the knowledge base of every employee; it is more often about co-operation & collaboration inside the business that drives innovation. According to a global study by IBM, today’s CIO spends an average of 55% of his or her time on activities that spur innovation. Today, we need more innovators than any time before due to increased competition, economic conditions, the impact of globalization, migration, technological and knowledge revolutions, and climate change issues.
When it comes to problem-solving or solution building, your employees are your most valuable asset: after all, they are the closest to the work &most likely to see opportunities for innovative solutions regarding improving customer service, reducing costs, or increasing efficiency however amid so many e-mails, verbal conversations, and IM’s, it can be easy to lose great ideas.
Via Brian Yanish - MarketingHits.com