Connect Fall 2019 | Page 12

S P OT LI G H T DIAMONDS IN THE ROUGH: Finding the HIDDEN GEMS in Your Stockpile of Ideas THE FOUR C’S OF A BRILLIANT IDEA SYSTEM Collaboration Push the process outward, not upward, by allowing employees from all levels to not only generate ideas but also to take part in the vetting and selection process. Diversity throughout the innovation process will ensure your ideas have a chance to shine. Creativity There are myriad resources for imple- menting clever sourcing programs that will tap into your employee’s best ideas.. Foster a creative culture that will allow the most innovative ideas to evolve naturally. Consistency Give program parameters without stifling creativity or fostering undue performance anxiety among partici- pants. Choose a scale and frequency for your program that you can maintain and that makes sense for your company. Character If you ask employees to contribute to the growth of the company, you must then treat the ideas with respect. Process suggestions quickly and honor the input your employees offer by taking them seriously. “ YOU CAN’T DO IT ALONE. A CRITICAL RESOURCE FOR KEEPING YOUR LINES OF INNOVATION FLOWING EFFICIENTLY WILL BE AN INTERNAL TEAM DESIGNATED TO ASSESS EACH IDEA FOR ITS VIABILITY.” 12 When it comes to innovation in business, companies often amass a surplus of ideas from employees but don’t know how to recognize and foster the most viable ones. Avoid downstream roadblocks in your innovation pipeline with these guidelines for selecting your best ideas. Innovation is a main driver of growth in your company, but without an efficient process, your idea program can become hopelessly clogged. Follow these simple steps to ensure your most promising ideas have a chance to shine. ASSEMBLE THE RIGHT TEAM You can’t do it alone. A critical resource for keeping your lines of innovation flowing efficiently will be an internal team designated to assess each idea for its viability. The team should include a mix of stakeholders, including employees from a cross-section of departments and seniority. Consider alter- nating or rotating participation to keep things fresh, and be sure to determine what the team will need in terms of resources, time, and guidance. ASK THE IMPORTANT QUESTIONS At the core of your innovation program is a key set of questions that the idea team will use to determine the viability of each idea. Evaluation criteria should be unique to your company, but include some variation of these questions when building your own standards: � Does the idea solve a problem for the customer, company, or community? � Will it contribute to our growth, even if indirectly through improved safety or efficiency? � Which business outcomes will be affected? How? SNB.COM // CONNECT INNOVATION FALL 2019 // RANKED ONE OF FORBES' BEST BANKS OF 2019