10 Most Popular Innovation Management Questions

Innovation management should not focus on settling on a process but create a culture that allows continuous exploration and improvement. The best place to start managing innovation is the line of business owner that has the highest level of interest and funding to launch the innovation initiative. The metrics that qualify and quantify the value of innovation program include alignment with business strategy, financial impact on costs or revenues, competitiveness and agility improvements, level of risk involved, and effort required. To keep people engaged, be transparent about the innovation process and make sure users see the status of their idea. To encourage a sustainable culture of innovation, the company should reward active participation in and contribution to innovation as part of every job description.