Ideas are about potential. Innovations are about results.
by Jacob
Friday, October 21, 2011
Earlier this week, a reporter from the Wall Street Journal reached out to us for some information about innovation and idea management. It’s not every day that a reporter reaches out to you for information, so naturally we were flattered.
The article, titled “For Bright Ideas, Ask the Staff” is all about engaging your workforce to spur innovation within your organization, something that BrainBank has been pioneering for over 13 years.
This article is even more proof that innovation is a hot topic right now, as companies try and do more with less.
The article features one of BrainBank’s clients, Bruce Power, which is an energy company in Canada. The CEO of Bruce Power describes how their company has seen “millions” of dollars saved since implementing the BrainBank software. He talks about how the ideas go through rounds of voting, and compares it to American Idol.
An important point that the article makes is about rewards. Often, innovation management software vendors will try and emphasize the importance of rewards like a new iPad or TV, but it is actually the intrinsic rewards that are often more powerful. I personally was happy to see that highlighted in the article.
Contact us to schedule a demo with your organization, and let us show you how we can help you be more innovative.
For the full article, click here.