The 6 phases of the entire innovation lifecycle [Stages]

Innovation is essential for a company's long-term success, and understanding its different phases is crucial. This article explains the three primary innovation models - Stage-Gate, Lean Startup, and Design Thinking - and their applications. It then outlines the six phases of the innovation execution process, from problem finding to delivery, which can be used by enterprises of any size for innovation projects. The article stresses the importance of each phase, keeping communication lines open, and updating the vision for successful outcomes.