How to identify whether an Idea is Valuable or not?
There are many types of ideas. While coming up with an idea takes a moment, for a company it takes years to build, which leads to many ideas being easily dismissed, mainly because of the high level of risk and uncertainty.
The only ideas that have a real shot at success, and take off, are Valuable Ideas.
A Valuable Idea is:
A specific action or change
Within the company's control
With measurable financial impact
The financial impact of a Valuable Idea might include:
In addition, Valuable Ideas:
Are about finding solutions, not making complaints
Benefit the team/department/organization, not just an individual
Have rewards that outweigh risks
See Questions to identify and spark a Valuable Idea to save time and effort on the real Valuable Ideas.