Managing innovation activities in a company or other organization is an emerging profession. A body of knowledge, personal certification, and international standards are supporting this development.
Eight principles form the foundation for managing innovation activities in organizations. They are embedded in the innovation management system developed by ISO.
A shared understanding of what innovation means is key for building an effective innovation management system. ISO is providing a broad definition with a focus on novelty and value.
The elements, or success factors, to innovate effectively are structured in seven key areas: context, leadership, planning, support, operations, evaluation, and improvement. Recommendations to organizations are provided in each area.
Companies and organization are increasingly under pressure to innovate to remain relevant for the future. A much-needed guiding framework for Innovation Management System can help address challenges.