Key business considerations for choosing the right Idea Management software system. Tips every corporate innovation leader needs to know.
The ever-changing business environment has placed increasing importance on innovation as a growth driver. Idea Management is rapidly becoming an accepted, proven tool for businesses to improve the rate of innovation and generate top-line revenue growth and bottom-line cost reduction.
Companies building innovation programs today face a choice on how they realize their plans for Idea Management systems. In this whitepaper we focus on the Build versus Buy decision: exploring whether and why companies might choose to develop their own custom innovation software in-house, versus implementing an off-the-self Idea Management software platform from a specialized vendor.
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