From a White Paper released by Imaginatik last summer: ROI of idea management.

“Costs of idea management, as well as its benefits.

–Advisory services
–Reward and recognition

Main types of return on investing in ideas:

–Return from specific ideas
–Return from improved innovation processes
–Return regarding corporate objectives

Imaginatik breaks ROI down even further:

–New Markets for Existing Products
–New Products and Concepts
–Revenue Acceleration
–Cost Reduction and Productivity Improvement
–Process Replacement
–Avoiding Waste by Selecting Quality Concepts
–Employee Involvement
–Strategic Goals and Specific Targets”

(Source: Fast Company Innovation blog Here).


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