Measure

Measuring impact — tracking your KPIs, taking ideas to implementation, sharing success stories — completes the cycle by driving awareness and engagement.

Having secured measurable impact for your stakeholders you can spike initiator interest for spinning the next Innovation-Led Growth Flywheel. Or keeping this one spinning.

Close the Loop

If you want to keep engagement high over time you need to make people feel a part of it. Keeping the process transparent and closing the loop at the end is a big part of it.

Thank people for their participation. Find a good moment to reach out to people that have submitted ideas and let them know that their ideas have been received and what’s going to happen next.

Reach out to winners. If you have some more specific information, want more

It’s best practice to close the so-called “feedback loop” this way. It keeps the wheel spinning and helps your innovation grow.

Celebrate Impact

Turning innovation into a strength for your organization means having people behind you. You’ll need to return for

The innovation Flywheel is about people and you’ll need to communicate clearly and simply.

• Share Success Stories.
• Announce Winners, if there is a Reward
• Share Final KPIs.
• Communicate to Segments. You might have divided contributors into different segments by location or department. Communicating final engagement numbers out to these segments will help keep the process transparent.