Idea Management System (IMS): An Innovation System To Create Value From Concepts

Rashid Khan and Mohammed Al-Ansari

M. Rashid Khan

Intellectual Assets and Technology Management Division of Saudi Aramco

Mohammed Abdulaziz

Administrator of Corporate Intellectual Assets Management for Saudi Aramco

To empower its employees, Saudi Aramco initiated a new company-wide innovation program. In order to facilitate innovation, Idea Management System (IMS) was launched. IMS is an enterprise discipline that utilizes software products, services, procedures/ standards and policies to intellectually capture, filter, manage and capitalize on creative ideas across the company to translate the ideas into implemented products. Every employee, regardless of the position, has a chance to benefit the company through using this system. IMS tracks ideas from inception to implementation that makes it much easier to track key metrics, including the estimated cost savings and/or new revenues from the implementation and provide various useful statistics. A large numbers of ideas have been implemented or commercialized adding significant cost savings and value addition to the corporation.

Read the Full Article:

Full articles are available only to LESI Members. Please login to view the PDF of this Les Nouvelles Article. 

Not an LESI member? Find out how to join your regional LES society and gain access to all that your LES society and LESI has to offer.