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Innovation Management
The importance of innovation and its potential to deliver game-changing benefits are being realized by more and more organizations. However, most companies are struggling with establishing a systematic approach to innovation. This white paper indicates that companies need to take a more formal, rigorous approach to encouraging and managing innovation. This solution for innovation takes into account the people, processes, and technology aspects, and the related factors.
The global economic downturn is forcing many organizations to reduce budgets and focus on enhancing operational efficiency; in effect asking their management teams to do more with less. However, even in these tough times, executives recognize the importance of laying the foundation for future growth and are beginning to employ Innovation Management techniques to transform business performance and drive competitive differentiation.
In many industries, innovation traditionally has been a departmentalized, top-down process run by a small team of researchers, designers or engineers. The rapid spread and high availability of collaborative technologies has changed this model. It is now recognized that the next great breakthrough in products, services and processes can come from people anywhere inside or outside an organization.
Microsoft’s Innovation Process Management …
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