Ahead of the Curve

You're ahead the curve! But there are still plenty of opportunities to get more out of your innovation efforts.

On-par with Peers

You're on-par with other innovation leaders – good job! There's plenty of opportunity for growth and greater impact.

Just Scratching the Surface

There's a lot of opportunity for you to make more of a business impact with your innovation program.

Retake

Here are a few tips to help you get more out of your program

1

Engage a broader crowd.

Go beyond your employees to get new ideas. Tap into external crowds – such as your customers, partners, academia, or even the general public – to obtain different perspectives and experiences.

2

Demonstrate Financial Value.

At this stage of your innovation program, measuring the financial value and quantifying the success of your program is critical for sustained investment from your leadership team. If you're not already doing this, you should lay the groundwork to do so now!

3

Impact the Full Lifecycle.

Only 38% of mature innovation programs (3 years or older) are using their innovation efforts to optimize the implementation of solutions, as well as to gather insights, generate ideas and select solutions. Make sure you're leveraging your innovation program across the full idea lifecycle – from idea, to impact.

1

Engage a broader crowd.

Engage employees across your whole organization to surface never-before-seen ideas and develop a culture of innovation and inclusion. 59% of Spigit program managers are benefitting from running company-wide innovation challenges.

2

Increase Frequency.

Last year, the average innovation program ran 11 innovation campaigns per year, with mature programs running about 14. If you increase the frequency and type of campaigns you run, you will accelerate the pace at which you make innovation part of the fabric of your culture.

3

Measure Value.

Measuring direct value (e.g. cost savings, new revenue) at this point in the life of your innovation program is critical to being able to justify sustained investment from leadership in your program. If you haven't already, start laying the groundwork now so you can proactively show all the benefits your program has delivered.

1

Measure Value.

While measuring direct financial value can be tough early on, you should be able to measure some of the indirect value created by your innovation program. Consider things like employee participation, employee satisfaction, and improving scores on employee survey questions associated with innovation.

2

Increase Frequency.

The more innovation campaigns you run, the easier it will be for you to establish innovation as a key strategic initiative at your company. On average, innovation programs run 11 campaigns per year across the company.

3

Engage a broader crowd.

To increase the diversity of ideas you capture, make sure you are engaging employees across multiple departments and geographies in your innovation efforts, rather than limiting involvement to just the innovation or R&D teams. This is a crucial step towards building a culture of innovation and is proven to lead to better outcomes.Our research shows that 31% of winning ideas are submitted from someone outside of the group that sponsored the campaign.

2018 State of Crowdsourced Innovation Report

Dive deeper and find out how forward-thinking organizations – the likes of AT&T, IBM, and the United Nations – are leveraging innovation programs to strategically innovate, and how you can too.

Get the Report