Level 

1

Bazaar of Ideas

THIS IS AN IDEA SELECTION TOOL - LINKED TO THE IDEA GENERATION CAPABILITY

The Bazaar of Ideas provides funding within a company for initial, small feasibility studies on promising ideas – at the same time, it promotes personal commitment and an overall innovation culture

At the Bazaar of Ideas, several employees are given small budgets (e.g. €500) to carry out initial research on their change or innovation ideas. If a single employee now needs more that €500, then they can try and convince their colleagues of their idea, and join up budgets to take on bigger feasibility studies

Through the process or trading and influencing, individuals can build bigger innovation budgets, while at the same time idea sharing is implicit and the team can also build passion and self-propelling commitment for change

THIS GENERATES:

  • BETTER TEAM SPIRIT, KNOWLEDGE AND IDEA SHARING
  • COLLABORATIVE SOLUTIONS THROUGH IDEA CLUSTERING
  • FRUGLE SPEND TO BUILD EARLY STAGE PROTOTYPES AND FEASIBILITY
  • FACILITATES PRIORITISATION AND SELF-SELECTION
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