Tips and Best Practices Archives

Running a Successful Innovation Challenge

Ben Tomkins

A veteran innovation manager shares best practices for maximizing the value of challenge contests With the quickening pace of business, differentiation no longer lies exclusively in optimizing process and production. Rather, an organization’s ability to... Read more

Engineering and Construction Industry Heavyweights Leverage Brightidea

James Allgood

The construction industry, which was deemed “essential” after the majority of industries shut down across the world because of COVID‑19, has had to scramble to protect workers from the new biological threat. That is why a consortium of Brightidea customers in the... Read more

Brightidea Summer Product Update 2019: Keep Innovation Moving

Justin Parnell

Summer is here! Hopefully, you’ve got plans to recharge and refresh, whether it’s a relaxing beach vacation or exciting travel abroad. With people in and out of the office, it may feel like things are slowing down. But the good news is — we’ve got new product... Read more

Overcoming hurdles for innovation success at Lockheed Martin

Daniel Sisson

Ed Danis, Corporate Innovation Manager at Lockheed Martin, recently shared his insights at Synthesize 2017. A summary of his talk follows. Lockheed Martin is almost synonymous with innovation, so it may come as a surprise to learn that innovation is not always easy... Read more

Innovation Risks Worth the Reward

Joey Greenwald

Running the numbers before taking a big business risk can be a nerve-wracking process. One question you’ll likely have when considering anything new, and innovation management in general, is “Why do we need to track innovation efforts anyway?” When the real question... Read more

How to Measure Innovation in Your Company: ROI, ROI2, EBITDA, NPV, IRR and More

Guillermo Beuchat

There is a lot of discussion around the return one should expect on their corporate innovation program, but little or nothing is done to actually measure and control it. There are a variety of different ways to think about this. Some people talk about the... Read more