Innovation Benefits

Innovation benefits are the measurable value gains from novel solutions that meet new requirements or existing market needs.

More Innovation Glossaries

Innovation Diffusion Theory

Innovation Diffusion Theory

The process by which an innovation is adopted and integrated into the mainstream.

Innovation History

Innovation History is the chronological study of transformative ideas, products, and processes that have shaped industries and society.

Maps

Visual representations of connected parts. They can show physical places but also abstract areas such as the customer journey.

Top Innovation Benefits Resources

Do Healthcare Institutions Need a Chief Innovation Officer?

Do Healthcare Institutions Need a Chief Innovation Officer?

Healthcare institutions are considering the role of a Chief Innovation Officer to drive meaningful change. This officer will be responsible for technology tracking, training and education, creating a culture that celebrates change, and idea collection and nurture.

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Innovation Activity: balance is poised for change

Innovation Activity: balance is poised for change

Emerging digital technologies are changing the way we approach innovation. They offer a way to manage the tension between rational and random thinking, which is necessary for innovation success.

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Innovation in Practice: Seven Years Strong

Innovation in Practice: Seven Years Strong

Celebrating the seventh year anniversary, the Innovation in Practice blog focuses on teaching innovation as a skill, linking it to strategy, and its two-way phenomena.

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Innovation Management at Work: Real-World Use Cases

Innovation Management at Work: Real-World Use Cases

Global companies waste billions on innovation due to failure to engage employees, partners, and customers in the innovation management process. Collaborative innovation management systems can lead to involvement, cost savings, efficiency, and new product development.

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Innovation Tips that Work - Number 2 Dr Ken Hudson

Innovation Tips that Work - Number 2 Dr Ken Hudson

Innovation is both structured and unstructured. Encouraging and identifying the most creative people, and fostering brainstorming and idea development, are essential. Innovation can apply to all roles and processes, and it's important to dedicate time to innovation activities regularly.

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Organizational Innovation Examples

Organizational Innovation Examples

Learn how innovation leaders fight bureaucracy and rigid processes through organizational innovation. Examples from Samsung, Apple, McDonald's and Microsoft.

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An image of a labyrinth leading to a flourishing tree, symbolizing strategic growth paths.

The roles and responsibilities of innovation management

Innovation management requires a methodical strategy and a point person to manage it. An innovation manager is responsible for directing and managing the company’s innovation, including developing a culture of innovation, identifying market opportunities, and implementing long-term innovation systems.

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An image of interconnected hexagons with abstract symbols for innovation roles.

The roles in an innovation process

Innovation management requires clear roles, with six main groups responsible for driving the process: idea authors, innovation managers, innovation coaches, experts, method specialists, and idea submitters.

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An image of a light bulb interconnected with abstract gears and graphs.

What Is an Innovation Manager?

An innovation manager is responsible for managing innovative strategies, activities, and opportunities for an organization to impact growth and create unique value.

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An image of three intertwined gears labeled ideation, incubation, acceleration.

When Terrible Things Happen To Good Innovation Projects

Innovation and transformation are essential for the long-term success of a business, but many ideas fail due to mismanagement. By separating innovation into ideation, incubation, and acceleration phases, and considering uncertainty, organizations can eliminate obstacles and improve innovation efforts.

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