The organization faces difficulties in capturing and implementing innovative ideas generated within its workforce. Employees at operational levels often recognize inefficiencies and have valuable ideas but lack effective channels for their input to be heard, evaluated, and translated into actionable projects. This limits innovation, slows responsiveness to market and customer needs, and hampers operational efficiency.
A large financial institution aiming to foster innovation by enabling employees across departments to submit, develop, and implement new ideas through a dedicated internal platform.
The implementation of this internal innovation platform is expected to significantly increase employee engagement in innovation activities, achieving rapid growth in idea submission rates (e.g., initial campaigns generating over 30 ideas within two weeks). It will foster a vibrant community by promoting continuous participation, resulting in improved operational efficiencies and new revenue streams. Additionally, the platform's scalability and security design will enable expansion into regional subsidiaries, enhancing the organization’s innovation capacity across multiple markets.