Innovation Management Process-the Innovation Is The Prime Goal
There are other useful definitions in this field
, for example, creativity can be defined as consisting of a number of ideas, number of diverse ideas and a number of novel ideas.
There are Innovation Management Process that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialization. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercializing those ideas will not be wasted.
Innovation or Profit?
Often the mission statement of an
Innovation Management Systems includes a nebulous goal to innovate, but the real goal is to make a profit:
a) Most innovations do not lead to profit.
b) Yes, you must always be flexible enough to innovate, but that requires a whole new set of strategies, competencies, resources, processes and networks. Only successful innovations will make this profitable.
c) Most successful innovations are incremental, not radical: moderately new to market, based on tried and tested technology, saved money, met customer needs and supported existing behaviors (Franklin, 2003). Most Innovation Management Process is simply the result of identifying and solving problems and most leaps are the result of cumulative periods of consecutive problem solving.
d) Most successful innovations take time to bear fruit - at least a few years, too long for impact in the annual accounts.
Conventional (i.e., not innovative) thinking would have us believe you cannot plan for a brilliant idea or for scientific breakthrough. ..Such breakthroughs only occur randomly and without warning. While this may be true for some scientific advances, it is not true for innovation: you plan for innovation by growing the right culture--and creating and supporting the conditions for that culture to thrive--to make innovation happen.
When you look at successful companies--consider Apple, or 3M, or Facebook--it is tempting to think that one brilliant idea catapulted them to success. The reality is often much different. Innovation like many other business strategies is more frequently the result of a robust process developed within an organizational culture of
Innovation Management Software?
Innovation Management Systems are much greater than generating ideas or taking risks. Reframed as a business strategy, it becomes much easier to approach innovation as something that requires planning, cultivation, implementation, and management in order to succeed.
By planning, cultivating, implementing, and managing a process to support innovation, managers make creativity and discovery repeatable--even predictable. While the most winning and actionable ideas may always retain a bit of that "where did that come from!?" personality, innovation-driven teams know that these "serendipity-like" surprises are nothing short of strategically planned innovation management software at work; supported by management and engaged in by all.
by: Bruce Bittman
Respond To Demand Pressures With Innovation Open Source Is Hi-tech Innovation Driven By Market Innovation Management Systems Evident For Future Success Ball Mill Calls For Independent Innovation C4isr Technological Innovations Take Part In A Crucial Role With The Standard Existences Behind Mili A Summary Of Satellite Communication Technological Innovation How To Encourage Employees For Consistent Innovations? Air Abrasion: Latest Innovation In Dental Procedures How Recent Tv Technology Innovations Make Life Better Jaw Crusher Have The Innovation Space Car Stickers- A Medium Open For Innovations Xingbang Ball Mill Innovation To Serve The Society The Innovation Of The Jaw Crusher Direction