Innovation Management

Definition: Innovation Management is the process of systematically managing an organization’s innovation activities to drive growth and competitive advantage. It involves identifying new ideas, developing them into viable products, services, or processes, and implementing them effectively. Innovation management includes fostering a culture of creativity, encouraging collaboration, managing risk, and aligning innovation efforts with business strategy. The goal is to continuously improve and adapt, ensuring the organization remains relevant in a changing market.

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More on innovation: 3 Horizons of Growth, 5 Factors of the Innovation Process, 6D of Exponentials Framework, Blue Ocean Strategy, Bricolage, more on innovation...

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