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Internal idea market places
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Jeffrey Baumgartner
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Oct 13, 2004 05:28 PDT
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Dear ValpoCellans:
Time to wake up!
In the latest issue of Report 103
(http://www.jpb.com/report103/archive.php?issue_no=20041012)
I proposed a concept of internal idea market places. In a
nutshell, an internal idea marketplace is about giving
every person in an enterprise an innovation budget for
implementing ideas. The actual budget would depend upon
each person's position in the firm.
If people have ideas, they can use their budget to
implement those ideas. If the ideas bring money to the
enterprise, the idea implementer receives a commensurate
addition to her innovation budget.
Importantly, in an idea marketplace, employees can buy and
sell ideas using their innovation budget. If you have a
good idea but do not want to implement it, you can sell it
to me. Alternatively, a team of people can get together and
share the implementation costs across all their innovation
budgets.
As a result, the most innovative people in the firm would
eventually accumulate substantial innovation budgets with
which to continue innovating. To read the full article, go
to
http://www.jpb.com/report103/archive.php?issue_no=20041012
and scroll down to the article: INTERNAL IDEA MARKET PLACE.
What do you think? Is this a revolution in idea management
or is Jeffrey talking nonsense again?
Your fearless moderator,
Jeffrey Baumgartner
--
Helping businesses innovate better
www.jpb.com | Tel: +32 2 251 7725 | GSM +32 478 549 428
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