A Practical Approach to Innovation Mining: How Employee Contents Can Help Tech Companies Develop New Products and Services, PLI Current
PLI Current published Li-Chung Daniel (Dan) Ho and Neil O'Donnell's article, "A Practical Approach to Innovation Mining: How Employee Contents Can Help Tech Companies Develop New Products and Services" in its Summer 2019 issue. In order for tech companies to stay ahead of the competition, Mr. Ho and Mr. O'Donnell urge these companies to not rely solely on their research teams. Mr. Ho and Mr. O'Donnell share some of the best practices and analyses formulated as the result of working together and individually on programs created to incentivize and implement employee-generated ideas. They provide their insights on how tech companies can successfully encourage innovations and fully implement these ideas.
According to Mr. Ho and Mr. O'Donnell, employees who are not hired as innovators may have great ideas, but they may not have the incentive or means to showcase their ideas to company decision-makers.
They cover several topics including:
- Internal Employee Contest
- Ownership of the Submitted Ideas
- Mitigating Improper Use of Third-Party IP Rights
- Complying with Company Policies
- Winning innovation to Monetization
- The Case for Innovation-Specific Entities