Copy of Low innovation in large corporations

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Copy of Low innovation in large corporations by Mind Map: Copy of Low innovation in large corporations

1. Employees can submit innovative ideas, feedback etc.

1.1. Filter ideas

1.1.1. Methods

1.1.1.1. Department to filter and synthesise ideas

1.1.1.1.1. Communicate polished ideas to decision-makers

1.1.1.1.2. Opportunity to further develop ideas

1.1.1.2. Employees can up or down vote ideas

1.1.1.2.1. Most up-voted ideas evaluated by decision-makers

1.1.1.3. Categorize submissions

1.1.1.3.1. Product, progress, service etc

1.1.2. Purpose

1.1.2.1. Synthesise like ideas

1.1.2.2. Separate quality ideas

1.2. Employee incentive

1.2.1. Financial

1.2.1.1. Successful ideas awared prizes

1.2.2. Recognition

1.2.3. Ownership

1.2.3.1. Project involves creators of successful ideas

1.2.3.1.1. Innovators are self-motivated

1.3. Organisation incentive

1.3.1. Strong employee culture

1.3.2. Potentially profitable ideas

1.3.3. Identify employee talent

1.3.4. Increases employment knowledge of business

2. Problems:

2.1. Bureaucracy

2.1.1. Long chain of command

2.1.1.1. Delay in idea transmission from grass-roots to executives

2.1.1.1.1. Disengagement

2.2. Executives afraid to initiate innovation

2.2.1. Look up and around

2.3. Executives have low aptitude to innovate

2.3.1. Causes them to acquire innovation rather than development it

2.3.1.1. Talent acquisition

2.3.1.2. start-up acquisition

3. Solutions

3.1. Develop a new innovation department

3.1.1. React to change

3.1.2. Focus on strategy and innovation

3.2. Flatten structure

3.2.1. Increase agility

3.2.2. Quick idea transmission from grassroots to management

3.3. Online idea platform

3.3.1. Allocate work time to utilise platform