What is an Innovation Network?
Key factor for the future competitiveness of a company
Innovation networks support continuous improvement, the idea management, and the innovation management of a company. They enhance the innovation process and are an integral part of an innovation culture. Innovation networks also play an important role in digitalization.
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An innovation network is an organizational structure with which enterprises implement business innovation faster and more efficiently. Innovation networks exist within companies or across companies.
Advantages of an innovation network
The establishment of an innovation network makes it possible to introduce different points of view into the development of an innovation, to quickly make the necessary resources available and to transfer new discoveries faster into a company or organization.
The implementation of an innovation network has three major advantages:
Innovation network in a company
Innovation networks increase the ability of companies to act with both hands, i.e. to efficiently implement the existing as well as to develop new ideas. In science it is called the principle of “ambitextry”.
State-of-the-art technologies such as Innolytics® idea management software and innovation management software support the establishment of innovation networks. Within companies, employees are invited to commit themselves to innovation. They complete a profile with their expertise and are temporarily or permanently involved in innovation projects. The current status of all innovation projects can be tracked via the platform. In addition, ideas can be discussed, evaluated and deepened collaboratively.
Establishing an innovation network
Software supports innovation networks
The Innolytics® Innovation Management Software and Idea Management Software supports companies and organizations in building, establishing and using innovation networks. The software offers the possibility to establish different networks on one platform.
- For example, an innovation network dealing with the optimization of internal processes can be set up at various locations.
- At the same time, an innovation network on the subject of digitalization can include employees from several locations and different specialist departments.
- An innovation network for sales can be promoted by selected members of these divisions and supplemented by external experts or customers.
The software offers the possibility to control the visibility of information. For example, external parties involved in projects can only see the information that is relevant to them and that the company wants to communicate to the outside world. All other information remains hidden.
The software also offers the opportunity to develop ideas and establish innovation processes, discuss ideas and evaluate them from different perspectives. Working groups and teams can be formed out of an innovation network to advance individual ideas and implement them step by step through an innovation roadmap.