Expanding the innovation horizon is quite a challenge. Integrating both business and technology innovation through the good and creative use of innovation management systems spells the difference.

Edinburgh, Scotland -- (SBWIRE) -- 11/04/2014 -- There is but a rising interest in innovation along with the increasing number of companies and organizations performing their own research and development projects in the light of bringing success to a wide range of products and services. Organized Feedback, a developer of innovation management systems, explains here the direct relationship of research and innovation and how the two are crucial for creating comprehensive and robust systems pivotal to the growth of companies and organizations.

As innovation is not merely based on natural sciences, Arthur D. Little (ADL), an international management consulting firm in Boston, Massachusetts, detailed in their most recent Global Innovation Excellence survey how companies see and view innovation. The following were the highlights of the survey:

1. Companies project that about 42% will come from new areas of growth in 2020 compared to 20% in 2010. This will drive companies to look to both contiguous and novel areas to achieve their growth targets.

2. Rigid statistical evidences show that stellar innovation management based on ADL model drives higher innovation performance.

3. There is an average of 13% growth in profit derived from new products and services for the top quartile innovation performers as compared to the average performers showing a 30% shorter time to break-even.

4. Majority of the companies are dissatisfied with their innovation performance as the innovation performance achievement indicator decreased on average starting 2010. However, satisfaction performance for those who rated their innovation performance as "achieved" has increased.

5. Surveys show that there is a direct correlation between the ability to measure innovation and yield success from it. However, there is only less than 20% of companies who believe that they have a decent innovation measurement capacity.

6. Surveys reveal that a higher percentage of key innovation management practices have a relatively strong impact on innovation performance in a number of industries and these innovation management systems bring out best practice case studies with key emphasis on the advantages of implementing the said policies.

7. Those who benefit much from adopting best practices in growth acceleration are the known top innovators.

The Key to Success

What's in it for the top innovators and for other companies aspiring to be on top of their own games lies on how they make use of growth enhancing best practices. What sets apart top innovators from the others is that they a clear, shared vision and strategy for growth as evident in their growth strategy index score (18%). They know how to find growth which is of utmost importance for an organization struggling to innovate top-caliber products and services (finding growth index score of 16%). And most importantly, they deliver growth while capitalizing on their own organizations' strengths (delivering index growth score of 15%). Top innovators are seen to champion in overcoming difficulties in innovation-based growth like acquiring management support, streamlining processes geared towards attaining a common growth strategy, launching cross-functional relationships, and facilitating fast decision making.

Benchmarking Innovation Management Systems

The key to enhancing the growth of the company lies in objectively identifying and specifying where they currently at and what would shape the direction of their growth along with how ready they are in adopting the best practices in innovation management. Is there a clear and shared vision strategies in place for driving growth in new business areas? Does the organization currently have a systematic approach in identifying hidden requirements, trend impacts, new use of technological advancements crucial in road-mapping? Is the company capable of innovating a convincing value proposition for innovations? Along with this value proposition, is the company ready to roll-out marketing programs to sell the said value proposition? How capable is the organization to overcome the internal barriers hindering growth?

Expanding the innovation horizon is quite a challenge. Integrating both business and technology innovation through the good and creative use of innovation management systems spells the difference.

About Organized Feedback
Organised Feedback's mission is to make their application the natural place that companies and organizations turn to when they want to write down and share an idea – no matter where they are. Simplicity is their overarching premise, guiding them in creating an application that is simple for casual users to use yet comprehensive and robust enough for power users.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

ESURE Insurance’s decision to make use of OrganisedFeedback’s Ideas Lab tool is a crucial decision that the company made and will not regret for the rest of their existence in the industry.

Edinburgh, Scotland -- (SBWIRE) -- 10/07/2014 -- "We were looking for an idea management system that was cost effective, quick to setup, required minimal training to use and could be accessed securely by the whole company. The OrganisedFeedback solution was perfect - with minimal involvement from our own IT Department we had the forum up and running within 2 weeks of the selection meeting. A week later we had 67 new ideas; 115 in the first month. A year on and we are at 212 and counting!"

Such is the testimonial of ESURE Insurance with their OrganisedFeedback experience. They primarily required a tool that would enable an effect exchange of their ideas, specifically within the 150 people that ESURE has in their IT department. It was then that OrganisedFeedback introduced "ideas 24/7" module as a tool for discussing concepts and options within the company. The tool paved way for the IT department of ESURE to collate alternative viewpoints and to efficiently share the knowledge of the people working for ESURE.

The pilot project of ESURE's IT department was supported by the company's stakeholders. Implementation of the said tool was then adopted by the entire company. Primarily, the goal of ESURE in implementing IdeasLab is to generate greater employee involvement and innovative ideas.

Significance of Project Management Tools Like Ideas Lab by OrganisedFeedback

Project management is a rising turf used progressively more by businesses of all sizes and industries. As entrepreneurs and company executives deal with the day by day responsibilities of running a group, it is imperative to use devoted project managers to supervise projects from commencement to completion. Understanding valuable project administration techniques helps organizations carry out large-scale projects on time, on budget and with negligible interference to the rest of the business.

While a business is a constant and continuing process, a project is a transitory undertaking aimed at producing an exceptional product, service or method. In many cases, this inimitability means there aren't any outline or steps in place to grow the end product. Project managers have know-how and knowledge in creating plans to deliver these items. In addition, they seamlessly integrate resources across a company's departments and utilize communication, planning and budgeting skills to bring projects to completion.

Several business projects entails extensive preparation that affects every department or facet of a business. Implementing the scheme may mean dealing with human resources, budgetary and provides constraints. Official project managers are skilled in project management techniques definite to dealing with one-time projects. They can generate plans to manage interdependence and deal with resource variances. Organizations making use of project management to observe and manage processes and schedules can more effectively complete their projects on a timely manner and with ample budget.

ESURE Insurance's decision to make use of OrganisedFeedback's Ideas Lab tool is a crucial decision that the company made and will not regret for the rest of their existence in the industry.

About Organised Feedback
Organised Feedback's mission is to make their application the natural place that companies and organizations turn to when they want to write down and share an idea – no matter where they are. Simplicity is their overarching premise, guiding them in creating an application that is simple for casual users to use yet comprehensive and robust enough for power users.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Organised Feedback’s EnterpriseFeedback Management solutions enables companies to get a “feel” of customer experience in a holistic way. Benchmarking progress and continuously seeking ways to improve metrics crucial in developing key performance indicators are made easier with this EFM platform.

Edinburgh, Scotland -- (SBWIRE) -- 09/03/2014 -- Optimizing the capabilities of a business is not as easy as one, two, three. Voice customer analytics plays a pivotal role. Putting all business objectives in equilibrium, specifically capitalizing on customer satisfaction and boosting returns while curtailing expenditures to further improve customer experience, is but a challenge.

Organised Feedback's Enterprise Management Feedback solutions presents a system that converts these ostensibly deviating goals into harmonized ones. The secret to staying on top of the game is to be keen on both customers' and employees' feedback. Analytics is one part of that game where Organised Feedback is strong at. The solutions that they offer actively gathers, scrutinizes, and recommends actions that would help companies and organizations to develop their products, enhance customer loyalty, and boost revenue.

What's In It For Companies with Organised Feedback's Enterprise Feedback Management?

Organised Feedback's platform enables companies and organizations to:

- Make all important records visible to all significant stakeholders where actionable results are being shared across with their easy to modify and easy to use dashboards, recognized reports, and easy to embed widgets.
- Consolidate survey results along with the other pertinent information from other platforms into customer access boards that would make stakeholders capable of generating bespoke surveys. This capability also enables managers to intermingle astutely to customers' and employees' feedback.
- Comprehensively collect data that are being presented in clear reports that would come from various surveys for all time periods.
- Provide easy access to everyone in the team, whatever department they belong to, to see all data and reports relevant to their roles. The goal is to make everyone accountable for the feedback generated by the system while creating a funnel of communication between stakeholders and recipients.
- Identify incongruent systems and dislodged processes where stakeholders can clearly see the gaps and for them to unify their initiatives to ensure better communication among all departments in the organization that would facilitate better business decisions.
- Promote guaranteed brand standards with the platform's ability to scale companies' products to more users with the platform's set of permissions pertinent in creating smooth workflow and ensuring customer data security.
- Explore feedback responses where customers' sentiments are being highlighted geared towards getting a real grasp of how customers feel and think about the products.

Organised Feedback's Enterprise Feedback Management solutions enables companies to get a "feel" of customer experience in a holistic way. Benchmarking progress and continuously seeking ways to improve metrics crucial in developing key performance indicators are made easier with this EFM platform. Using the system, customer feedback can be easily accessed through all communication channels: bet it email, phone, web, mobile, or social media websites.

Drive changes. Further gain customer loyalty. Continuously improve processes using customers' and employees' feedback mechanisms. Optimize business capabilities. Organised Feedback delivers it all – with their Enterprise Feedback Management solutions.

About Organised Feedback
Organised Feedback's mission is to make their application the natural place that companies and organizations turn to when they want to write down and share an idea – no matter where they are. Simplicity is their overarching premise, guiding them in creating an application that is simple for casual users to use yet comprehensive and robust enough for power users.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

How do businesses cope up with the ever-changing metamorphosis in technology and how do they incorporate these advancements in their day-to-day operations? How will open innovation unravel the secrets to becoming successful in whatever vertical a company belongs to?

Edinburgh, Scotland -- (SBWIRE) -- 08/04/2014 -- In a recent study conducted by Leeds University Business School, several academics and businesses all over Europe and were brought together to investigate on open innovation and how these companies intermingle with people beyond their business while trying to innovate. The aim of the research is to enhance the understanding of open innovation to boost economic development in Europe.

"Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology". Not merely relying on the ideas and expertise of the internal team and making use of other resources beyond the business is what open innovation – the secret of many of the most flourishing and pioneering companies in the world.

Ask the most prominent companies in different fields what makes them successful and you are sure to get an answer that it's because they made use of ideas, solutions, and technologies that have been developed by other organizations and experts. They have adopted a culture of product of someone else's output. And they are never ashamed of admitting that this method of adopting open innovation helped them propel their business and move forward.

What are the benefits of open innovation?

In the said research conducted by LUBS, the Management of Emerging Technologies for Economic Impact network found out that giant companies like Deutsche Telekom, Bayer MaterialScience, Intel, Glaxosimithkline, and Siemens, have been enjoying open innovation as their means of improving their problem-solving capabilities. Crowdsourcing is another method that is being used by larger companies to extrapolate potential business opportunities out of other people's ideas mostly through the use of social media. This practice has been developed to identify gaps in the market and whatever it is that businesses need to understand in order to grow their network and increase their revenue.

The principle of open innovation lies in the idea that capturing other people's or other organization's expertise would help other businesses to have more cost-effective operations. Adopting a technology or collaborating closely with a group like OrganizedMenlo Park, CA Feedback which provides the best idea management software help make it natural for employees and their managers to share and develop ideas whose outcome would be continuous improvement, innovation and competitive advantage. Collaborating with an external partner makes it possible for any business who wants to shape an innovative product or service using a technology or solution that might not fit an existing business model, but would be proven an effective method for them via commercialization.

Indeed, the probable advantages of minimized costs and the enhancement of groundbreaking services or products are unraveled with the use of open innovation.

About http://www.organizedfeedback.com/
Organised Feedback's mission is to make their application the natural place that companies and organizations turn to when they want to write down and share an idea – no matter where they are. Simplicity is their overarching premise, guiding them in creating an application that is simple for casual users to use yet comprehensive and robust enough for power users.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm