Definition
Innovation management is the systematic approach to fostering and managing innovation within organizations. Founders reach for it when a vague conversation needs a shared, specific meaning. Name it clearly, then let the next decision — a hire, a price, a test, or a pass — follow from that meaning.
In the room
How the word shows up in a real conversation.
You know Innovation management is doing work when it changes a weekly choice — price, hire, channel, or kill. The working definition: Systematic approach to fostering and managing innovation within organizations.
Common mistake
Using Innovation management as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Innovation
Process of creating new ideas, products, or methods that add value.
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Innovation design
Creative process of developing new solutions to meet customer needs.
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Innovation pipeline
Structured process for developing and bringing new ideas to market.
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Innovation strategy
Plan for creating and implementing new ideas to achieve competitive advantage.
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