Definition
An innovation challenge can be seen as an extended version of an idea campaign with a more ambitious topic, a wider reach in terms of participants, a greater communication effort, and a more ambitious process from ideation, over idea maturation, to pitching and awards ceremony.
Done right, the innovation challenge is a very effective tool to create a more innovative culture within a company. It involves all levels of the company: the leadership team sets the direction and decides which ideas to invest in. Managers learn how to motivate employees to look for new innovative solutions, and selected employees are trained in methods to mature and validate their ideas. The innovation challenge can thus contribute to building an entrepreneurial mindset through new successful ways of working and developing innovation skills across all levels of the company. Externally, the innovation challenge is an efficient means of sourcing ideas from start-ups, clients, researchers and more.
We have helped plan and lead more than 50 company-wide Innovation Challenges. Learn more about how we can support you with your next initiative.
Innovation management describes a structured approach to managing innovation with defined processes, KPIs and governance structures to support it.
Companies that are serious about their innovation efforts will have defined processes for…
An Idea Campaign is a time-bound, topic-focused initiative to ideate, screen, develop and validate ideas. It is used to address business or technical problems that require input from a broad group of people. The idea campaign is a simple method to quickly solve small and big problems…
A call for ideas is an announcement used when an organization or person looks for ideas on a specific topic or project. In the field of innovation, it is used to describe the types of ideas welcome to an innovation challenge…
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