A MONITORING SYSTEM FOR IDEAS SUGGESTED

Average Number of Suggestions
Submitted per Employee =





Ideas Adoption Rate (%) =





Employee Participation Rate (%) =
Average Net Savings per Suggestion
(e.g. $, Y, Euro) =





Average Reward Amount
(e.g. $, Y, Euro) =





Average Net Savings per Suggestion
(e.g. $, Y, Euro) =





Average Net Savings per Employee
(e.g. $, Y, or Euro) =




Ideas suggested, but not activated, are as much use as a race-car without fuel. Ideas activated but not monitored can lead to inefficiencies, and eventually become unaffordable.

The above six-step process will help organisations monitor the effect of ideas and the worth of people suggesting these ideas.

The CEO of an organisation needs to account for, and be accountable to, the prospects of each enterprise; every accountant should support the CEO by incorporating the above set of measures so as to establish a real-time Innovation Status Quo for the organisation.

[Excerpted from the 'Ideas on Ideas' edition of The Braindancer Series of bookazines by Dilip Mukerjea. All the images in this post are the intellectual property of Dilip Mukerjea.]