Tips and Best Practices Archives

Why Innovation Investments are More Important than Ever During Economic Uncertainty

Justin Parnell

Reading Time: 15 minutes Companies that invest in innovation during economic downturns, realized outsized long-term growth rates according to McKinsey research. Many companies are tightening their belt in what has been predicted to be the year of austerity. While... Read more

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

Reading Time: 3 minutesEd 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... Read more

Innovation Risks Worth the Reward

Joey Greenwald

Reading Time: 3 minutesRunning 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?”... Read more