Innovation mgmt: How to foster creativity & drive change to stay ahead of the competition?

Innovation Management: A Guide

Getting Started

Innovation management is an important skill for anyone looking to stay ahead of the curve in today’s competitive business environment.

It is a way of managing the process of innovation, from idea generation to implementation.

It is a great way to ensure that your organization is able to stay ahead of the competition and remain competitive in the market.

How To

  1. Identify the need for innovation: Start by assessing the current state of your organization and identify areas where innovation could be beneficial.
  2. Develop an innovation strategy: Develop a strategy for how you will approach innovation in your organization. This should include goals, objectives, and a timeline.
  3. Create an innovation team: Create a team of people who will be responsible for driving innovation in your organization. This team should include people from different departments and levels of the organization.
  4. Develop an innovation process: Develop a process for how ideas will be generated, evaluated, and implemented. This should include a timeline and milestones.
  5. Implement the innovation process: Once the process is in place, it is important to ensure that it is followed and that the team is held accountable for results.

Best Practices

  • Encourage collaboration and creativity: Encourage team members to work together to come up with new ideas and solutions.
  • Be open to new ideas: Be open to new ideas and approaches, even if they are outside of the traditional way of doing things.
  • Measure progress: Track progress and measure results to ensure that the innovation process is working.
  • Reward success: Reward team members for successful innovations to encourage further innovation.


Here is an example of a role-play conversation that demonstrates how innovation management can be used in a real-world situation:

Manager: We need to come up with a new way to increase sales.

What ideas do you have?

Employee: We could create a loyalty program that rewards customers for repeat purchases.

Manager: That’s a great idea! Let’s put together a team to develop the program and come up with a timeline for implementation.

Employee: Okay, I’ll get started on that right away.

Manager: Great! Let’s also make sure to track progress and measure results to ensure that the program is successful.

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