Source | http://www.innovation-portal.info
Innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of processes and goals.Innovation management allows the organization to respond to external or internal opportunities, and use its creativity to introduce new ideas, processes or products.
Innovation management involves the process of managing an organization’s innovation procedure, starting at the initial stage of ideation, to its final stage of successful implementation. It encompasses the decisions, activities and practices of devising and implementing an innovation strategy.
According to Gartner, an IT research and consultancy company, innovation management is a business discipline that aims to drive a sustainable innovation process or culture within an organization. Oftentimes, these innovation management initiatives utilize a disruptive method of change to transform business.
In the age of digital transformation, organizations are faced with the need to innovate more and innovate quickly. Innovation drives business growth and helps organizations stay ahead of their competitors. Innovation management helps in generating new business models and creates new products, services and technologies designed for the changing market. Proper innovation management also boosts customer satisfaction and employee engagement.
How does your Organisation handle Innovation :
This simple self-assessment tool focuses attention on some of the important areas of innovation management. Below you will find statements which describe ‘the way we do things around here’ – the pattern of behaviour which describes how the organization handles the question of innovation. For each statement simply put a score between 1 (= not true at all) to 7 (=very true).[gview file=”https://humanengineers.com/wp-content/uploads/2017/03/Innovation-audit-Latest-version-May-2013.pdf”]