Global Innovation Management: Definition, Strategy, Examples

Global innovation management is the structured process of generating and prioritizing valuable ideas within an organization. The practice of crowdsourcing innovation encourages active participation and produces new products, enhances success, improves development, and introduces cost-reducing techniques. Strategies for successful global innovation management include creating conversations, nurturing the internal side of open innovation, running awareness campaigns, introducing a common space, and being transparent. Apple, Singapore Airlines, and Dupont provide global innovation management examples for organizations worldwide.