
Innovation Management best practices
What is innovation management?
Innovation can be defined as ‘the introduction of something new’, which means that innovation management refers to managing the process of ‘introducing something new’, from thinking of a new idea, to implementing it and putting it into practice. This could be launching a new product or service, or it could be a new internal process within a company, among many other things. In addition, it can include improving products, services or processes already in place.
There are two pillars to innovation management:
the shaping of framework conditions to ensure that there are new ideas and that they are implemented successfully. This refers to organizational development activities
the actual innovation that takes place, including the search, development and implementation. This refers to creativity and project management
Learn more about what innovation management is here.
What are the aspects of Innovation Management?
Capabilities- this involves the skills and resources that an organization has at its disposal for the creation and management of innovation. It refers to people as well financial and information capital
Structures- this refers to what allows the aforementioned capabilities to flourish and it includes the organizational structure, processes, and infrastructure of the organization. With the right structure in place, innovation can take place a lot more easily
Culture- this is what enables the organization to acquire the people with the capabilities needed for innovation. Having the right culture in place means that recruiting and keeping the right people is more likely
Strategy- this is the plan that an organization needs to put in place to succeed. This means making a deliberate choice on one option among a number of other feasible ones.
Learn more about the aspects of Innovation Management here
Why is Innovation Management important?
Innovation plays an important role in an organization’s success. Innovation Management is crucial as it allows companies to stay competitive now and in the future. With effective innovation management, companies can stay ahead of their competition and increase their profits considerably. Otherwise, they risk being left behind.
Where can I find the best practices on Innovation Management?
For companies or entities looking to lead innovation within their organizations, the Eloquens catalogue has a variety of frameworks, templates and tips designed and built by professionals and experts. You can also build and self-publish your own best practices on Innovation Management on Eloquens directly.
- Learn how to create a culture of innovation with the Invisible Advantage Toolkit from the award winning book.326Discussadd_shopping_cartfree
by Soren Kaplan
How to Avoid the Innovator’s Bias for the Solution
Tips on avoiding bias as the creator of the solution.63Discussadd_shopping_cartfreeby Ash Maurya
The Testing Card
This helps you to test and validate your ideas before going all in.1,911Discussadd_shopping_cartfreeby Alex Osterwalder
How to Come Up With An Awesome Idea
Sam Ovens and Nick Fisher from Consulting.com discuss how to come up with great ideas for a business.61Discussfreeby Sam Ovens
How to Come Up With Meaningful Ideas Using Design Thinking
Outlining a 5 step process of design thinking enabling you to come up with meaningful ideas that solve real problems.121Discussfreeby Sprouts
How to Deliver Innovation As An Entrepreneur
10 Keys To Delivering Innovation As An Entrepreneur58Discussadd_shopping_cartfreeby Marty Zwilling
How To Be A Remarkable Innovator
Here Guy Kawasaki's top ten tips on how to be a remarkable innovator.37Discussadd_shopping_cartfreeby Guy Kawasaki
Innovate or Die: a Menu of Essential Innovation Tactics
Tom J. Peters gives us a detailed list of 121 tactics to help you stay innovating.22Discussadd_shopping_cartfreeby Thomas J. Peters
Stages of Disruption
No industry is safe from Disruption. This framework discusses the 4 Stages of Disruption.14Discussadd_shopping_cart$29.00by Flevy
Brainstorming Interactive Tool
Interactive Powerpoint Template for Brainstorming15Discussadd_shopping_cart$35.00by Med Amine
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