innovation management JUST WRITTEN FOR YOU
/ˌɪn.əˈveɪ.ʃən ˈmæn.ɪdʒ.mənt/ · in·no·va·tion man·age·ment
noun
- The discipline of planning, directing, and controlling the development and implementation of new products, services, processes, or business models within an organisation. Effective innovation management helped the startup bring its AI platform to market in just six months.
- A set of practices, tools, and processes used to generate, evaluate, and commercialise ideas. The company’s innovation management includes idea‑submission portals, stage‑gate reviews, and cross‑functional teams.
Synonyms
innovation governanceR&D managementtechnology managementcreative managementnew product developmentidea managementchange managemententrepreneurial management
Antonyms
Did you know? The term ‘innovation management’ was popularised in the 1990s by scholars such as Peter Drucker, who warned that without systematic management, even brilliant ideas could fail to reach the market.