For each project, decide what budget and other resources will be required.(1 / 1)

Foreachproject,decidewhatbudgetandotherresourceswillberequired.

·Buildamonitoringandreviewsystem—thatwillcontinuetofollowthroughontheprogressbeingmadebyeachgrowthproject.Bydoingthis,thesocialenginewillbecomeembeddedwithintheorganization'sculture.

■TheWaystoKeeptheSocialEngineUpandRunningWell

·Makesureinformationflowswellaroundyourorganization

·Gettherightpeopleinplace

·Activelyencouragecollaboration

ConvertInnovativeNewIdeasintoRevenueGrowth

Allrevenuegrowthstartswithanidea,whichisthenpickedupon,shapedandrefinedandultimatelyactedupon.Mostpeopleassumethatonlygeniusesortheseniormanagementcancomeupwithworth-whileideas,buttherealityisthatgoodideascancomefromanywhereinanorganization.Innovationisasocialprocessthateveryonecanparticipatein.

SiliconValleyisfullofsuccessfulpeoplewholeftestablishedfirmstogooffontheirownandcommercializetheirideas.Iftheirprioremployershadmadeiteasierforthemtostaywheretheywereandstillaccommodatetheirnewidea,thatwouldhaveproducedtremendousgrowthfortheestablishedcompanies.