Why do you need to manage ideas?

Ideas need to be managed carefully, otherwise you could lose out. With idea management team-members and customers feel their ideas are valued and continue to contribute innovative ideas which spur creativity and help grow your company. Managing ideas can help ensure that cost savings are implemented and new products are launched faster and in a more reliable manner all while reducing your rate of failure when it comes to innovations. You can solve challenges faster and better together and identify opportunities you otherwise might have missed.