Value, opportunity and impact. These are three characteristics your idea must have in order to fly, according to Toyota University. You don’t have to be one of the world’s most profitable companies to use these criteria on your own ideas. (Also check out the In Bubble Wrap website, where they give away business books every day.)
Value: An idea is valuable if makes a task easier and faster to do, if it improves quality efficiently or if it saves money without sacrificing worth.
Opportunity: Is it something you can reasonably do, with the resources at hand?
Impact: An idea has impact if you get positive recognition from your boss by using it, or if your customers appreciate it or if new clients notice you because of it. It also has impact if it makes your workplace more pleasant, thereby increasing your productivity.
Toyota puts a million new ideas into practice every year! That means they probably generate 10 times that number. How do these concepts affect your idea generation?
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