Ideas Management
Process Excellence Built-In
Capturing ideas and concepts in the ideas hopper is a vital first step to build your new product portfolio. GenSight ideas management maps onto the front end of your stage and gate process, so you can prioritize throughout the idea to launch process. Scorecards and idea evaluation criteria support you in making objective decisions. Because you can see all ideas in the hopper, you can make more informed decisions on what to progress into your new product portfolio.
Providing Clear Visability
Clear visibility of strategic goals is a powerful stimulus for innovation. Project portfolio management helps you to deliver the best ideas to the marketplace quicker. It also engenders a clear understanding of new possibilities and creative opportunities. When you can see exactly what you have in the pipeline, you also see the gaps that need to be filled.
Built-In Modelling
- Top down prioritization
- Maximize Value
- Assess and balance risk
- Control portfolio focus
Analyse Business Cases
- Align projects to strategy
- Shape future market focus
- Balance across segments
- Focus on strategy themes
Drive Long Term Value
- Compare what-if scenarios
- Visualize entire portfolio
- See and adjust balance
- Optimize Value vs Risk
Online Collaboration and Communication
Collaborate – GenSight enables you to score and rank ideas, and when appropriate move them directly into the new product development funnel. Evaluation of ideas is accomplished via a gating processes supported by objective assessment and scoring. GenSight helps you identify the best ideas and concepts, and to encourage collaboration so that ideas can be advanced to full new product development activities.
Enhance – Ideas Management can dramatically enhance the value of your project portfolio. Ideas Management is a vital process to capture and develop valuable contributions from around the organization
Keep score – Idea evaluation and NPD metrics help prioritize ideas. Successful companies get 38% of their revenue from new products less than 3 years old, compared to just 27% for average companies
Stage and gate process – to manage research and development (R&D) PPM, from idea to new product launch
Idea Capturing
Capturing ideas and concepts in the ideas hopper is a vital first step to build your new product portfolio. GenSight ideas management maps onto the front end of your stage and gate process, so you can prioritize throughout the idea to launch process. Scorecards and idea evaluation criteria support you in making objective decisions. Because you can see all ideas in the hopper, you can make more informed decisions on what to progress into your new product portfolio.
Prioritizing the innovation pipeline means selecting ideas that tick a number of boxes, including:
- Potential to produce a good business case
- Meets a real need with a realistic potential return
- Underpinned by a genuine capability with acceptable risk
- Aligned with business strategy and competences of the organization
Ideas can remain in the ‘hopper’ until the time is right. GenSight offers you an integrated solution to harness the potential of ideas and turn it into value.
GenSight Innovation Management Framework™
Increase Market Success
- Enterprise-wide solution
- Fully configurable and flexible toolset
- Customized and fully tailored to fit your business needs and processes
- Span multiple businesses and tailor to each
- Integrated portfolio, stage-gate, resource and project management
- Best-practices built in
- Top-down and bottom-up planning
- Business intelligence grade visualisation and drill-down
Trusted
GenSight is trusted by many of the world's biggest and best innovators. Around 20 global product launches every day use GenSight.
Leader
We have a 25 year track record of success. Building the platform, delivering award winning solutions, supporting our clients.
Available
- Cloud or On-Premise
- From 20 users to 5,000+
- Fully configurable, easy to use
- Flexible, rich user experience