What is Idea and Concept Management in SAP XAP - Collaborative Cross Applications?

SAP Term: Idea and Concept Management

• Component: XAP

• Component Name: Collaborative Cross Applications

• Description: The business process that structures the information flows for the development of new products, services or marketing initiatives. Idea and Concept Management comprises the creation, processing and monitoring of findings, ideas and concepts as well as the process of requirements management.

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• Key Concepts: 
  Idea and Concept Management is a component of the XAP Collaborative Cross Applications suite of SAP software. It enables users to capture, develop, and manage ideas and concepts in a collaborative environment. It provides a platform for users to share ideas, discuss them, and develop them into actionable plans. 
  
  How to Use It: 
  Idea and Concept Management can be used to capture ideas from employees, customers, and other stakeholders. It allows users to create an idea repository where ideas can be stored, discussed, and developed. The software also provides tools for managing the development process, such as tracking progress and assigning tasks. 
  
  Tips & Tricks: 
  When using Idea and Concept Management, it is important to ensure that ideas are properly documented and tracked. This will help ensure that ideas are not lost or forgotten. Additionally, it is important to ensure that all stakeholders are involved in the development process so that everyone has a chance to contribute their ideas. 
  
  Related Information: 
  Idea and Concept Management is part of the XAP Collaborative Cross Applications suite of SAP software. Other components of this suite include Collaboration Hub, Knowledge Management, and Social Networking. These components can be used together to create a comprehensive collaboration platform for capturing, developing, and managing ideas and concepts.