How enterprises can adopt the co-creation, collaborative innovation by subscribing to SaaS enabled platform

1. collaborative
little book of innovation

2. Aditya, General Manager,
has been thinking how he can
utilize the latent talent
in his organization

3. Kelly, Head Product Engineering,
endorsed innovation as a strategy,
now she wants to
get the ball rolling

4. Alex, Mentor and President,
is not happy with one-off innovations;
he wants to
build a sustainable innovation culture

5. Lee, Senior Manager,
wonders
how he can
steer out stalled innovation plans

6. Su, VP Operations,
wants to
tap the talent outside her organization
without hiring them

7. David, Chief Executive Officer,
believes that
his people are capable, and
should be enabled to innovate

8. Notes
What are my challenges around innovation?

9. Reduce cost of innovation, leverage underutilized talent sources, afford multiple
disjoint teams, and attempt more at the same cost
Eliminate chances of money drain on what does not meet your expectations,
reward only a positive outcome
Increase the innovation yield, look beyond the obvious, tap into the pool of
experts on demand, and multiply the chances of capability-to- problem match
Reduce the risk, of not reaching out to the idea sources, be it across the wall or
the Atlantic
Enhance the brand value, differentiate with speed & diversity of your innovation
outcomes
Increase productivity of your core team, de-centralize the innovation efforts,
free up your team to oversee & monetise the innovations
Evolve to open innovation, access the service from the cloud, without any
infrastructure setup - cost effective, secure and easy to jump-start
when you need to

10. enables enterprises when they need to
collaborate to innovate with global pool of talent, customers,
research vendors, academia or with the employees.
ideaken, a software as a service platform, is powered by
innovation centric collaboration techniques, best practices &
processes bundled into one single service conducive for
open innovation.

11. In a Harvard Business Review, Larry Juston and
Nabil Sakkab reported how opening up innovation
Ideaken Philosophy had truly transformed P&G. They wrote…
“More than 35% of our new products in market
Exceptional and unconventional talent is present everywhere. have element that originated from outside P&G”.
Creative people are also collaborative. “Our R&D productivity has increased by nearly 60%”.
Innovation through collaboration requires a platform. “Our innovation success rate has more than doubled, while
the cost of innovation has fallen”
"The most prolific man is also by far the most
collaborating"
– James Surowiecki in Wisdom of Crowds
“The number of new ideas that can be developed and
brought to market – in other words the breadth of your
innovation pipeline – is ultimately constrained by the
size and wealth of a company’s R&D department”
– BT’s Chief Technology Officer Matt Bross
“I’m a great believer in the idea that innovation
comes from everywhere and everyone, not just from the
usual suspects who are paid to do R&D”
– Nancy Snyder, CVP, Whirlpool Corporation
“For the smart companies, the notion that you have to
motivate, develop, and retain all of your best people
internally is old”
– Don Tapscott is CEO of New Paradigm
Email: enquiry@ideaken.com Website: www.ideaken.com