Innovation Management

Wizly Innovation Management Solution

Innovation Management

The Wizly Innovation Management Solution supports the entire cycle of Innovation Management including the collation of ideas, developing, prioritizing as well implementing the same, and tracking the implementation to completion. This enable the organization to gain a sustainable competitive advantage through identifying and implement the ideas with greatest potential from sources across the organization.

The Wizly Innovation Management Solution is based on the PRISE© Methodology, a best practice methodology for Strategy Execution. PRISE© integrates Processes, Risks, Initiatives and Strategy to ensure successful Strategy Execution.

The methodology provides a replicable roadmap to Strategy Execution, and takes us from the “What to the How”. It addresses the pitfalls of having different Management Frameworks run in silos, independent of each other and it provides a holistic view of all management information enabling better decisions.

Recognizing the powerful and innovative capabilities of Wizly and the solution it provides to businesses, Leonard Marchese, Founder of Rethink, Inc. contributed his knowledge and patented method for ideation, to foster Wizly’s widespread use and helping organizations create something extraordinary.

Wizly Capabilities

The Wizly Innovation Management Solution facilitates and automates the complete innovation life cycle.

Idea Initiation
The Wizly Innovation Management Solution ensures that organizations can configure their own workflow to collect ideas from different stakeholders. The solution ensures that ideas submitted are categorized against common business areas, that there is a clearly defined problem statement, and expected outcomes are identified.

Idea Evaluation

As part of the idea evaluation, the Wizly Innovation Management Solution supports the Innovation Team to add additional properties to each idea such as, time to implement, cost of implementation, perceived ease of implementation etc. These properties are captured to ensure the evaluation and prioritization of ideas is facilitated during the next stage.

Idea Prioritization

The Wizly Innovation Management Solution enables the evaluation and prioritization of ideas through its inbuilt contextual Insights. This ensures that the decisions to select and implement the ideas are based on best strategic fit, cost effectiveness as well as maximum benefit to the organization.

Implementation Tracking

The Wizly Innovation Management Solution provides complete tracking of the implementation of the selected ideas, through its project and portfolio execution capability. Project dashboards, as well as management of the project related documentation, including the project action plans are made available in a central place. Stakeholders can collaborate effectively using the chat functionality.

Benefits

» Innovation Lifecycle Management
» Enhanced Analysis of Suggested Ideas
» Insights based prioritization of Ideas
» Complete Idea Implementation Tracking
» Collaborate effectively to enhance Innovation

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