“Costs of idea management, as well as its benefits.
–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
–Cost Reduction and Productivity Improvement
–Avoiding Waste by Selecting Quality Concepts
–Strategic Goals and Specific Targets”
(Source: Fast Company Innovation blog Here).