What are some of the major thoughts behind Idea Management?
There are a few major thoughts and notions behind Idea Management that drive the main functions and guidelines within this powerful tool. First, the initial aim of Idea Management is to successfully identify and solve business problems and demands which subsequently grants the business a commercial advantage by immediately acting on useful knowledge and expertise, i.e. ideas, and not wasting them. Second, this process of stimulation and importance among employees raises morale and motivates a workforce to not only reap the rewards of their hard work and diligence but establish a sense of pride and ownership within a given area. Third, since ideas would be shared and addressed among employees a sense of camaraderie and teamwork would create a bond among the company and even competing businesses would foster a mutual atmosphere of value in the market place through increased profits and demand/desire from consumers for the similar products.
