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Innovation management

Why to deal with this? Innovation management is the discipline of managing processes in innovation. It can be used to develop both product and organizational innovation .

The focus of innovation management is to allow the organization to respond to an external or internal opportunity, and use its creative efforts to introduce new ideas, processes or products.

Success factors in KM, Source: business-strategy-innovation.coml

Importantly, innovation management is not relegated to R&D; it involves workers at every level in contributing creatively to a company's development, manufacturing, and marketing. By utilizing appropriate innovation management tools, management can trigger and deploy the creative juices of the whole work force towards the continuous development of a company Common tools include brainstorming, virtual prototyping, product lifecycle management, idea management, TRIZ, stage-gate process, project management, product line planning and portfolio management. Modern approaches also include open innovation, a strategy which includes external know-how in product and process innovation.

When is it suitable/applicable? nnovation management is a continuous process of generating, coordinating and implementing a stream of new ideas involving teams with members from various departments of an organization. It is especially important
  • for companies wanting to survive in today’s competitive and globalised business environment
  • for companies wishing to establish a mid-to-longterm perspective/innovation strategy, an organizational culture supporting innovations and processes that ensure that the right ideas are developed quickly
When is it NOT suitable/applicable?  
  • innovation management is not an end in itself, but is about developing and organising internal capabilities within companies and translating them into competitive advantages and profits
  • innovation management should not be relegated to R&D department onlywarning.png"<span>&nbsp;</span>
  • innovation management is not an end in itself, but is about developing and organising internal capabilities within companies and translating them into competitive advantages and profits
  • innovation management should not be relegated to R&D department only" cannot be used as a page name in this wiki.
What costs are related to it (financial, time effort etc.)? Involving all actors within a company in the innovation process takes time – commitment from the top management is essential, but the whole staff needs to be involved in order for the process to be successful and sustainable

What’s the relevant HTE output? The methodological innovator guidelines on this portal will inform you on the theoretical basics of innovation management and provides useful checklists for controlling your innovation process.
Whom can I talk to from the HTE team? ZENIT, Agropolis International, TEIN, Qualiméditerranée, TRITECC

DLG, ARC

Relevant internet links Links:
Online databases and tools Tools:
Where to get advice, consultancy? Support
  • Enterprise Europe Network
  • Public and private innovation consultants
  • Business incubators
  • Chambers of Commerce and Industry
Related innovation sheets Change management, Knowledge management, Open innovation, Management x pre feasibility, Management x feasibility, Management x development, Management x launching

Title Innovation management
Aspect Management
Latest Version 03-07-2012
Completed by ZENIT


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Created by Hte zenit on 3 July 2012, at 10:34