6 Best Practices and Key Success Factors for Innovation Management

Implementing "best practices" for innovation management can standardize thinking and hinder success. However, there are several factors that can improve your innovation management, including constant improvement, creating value for customers, implementing the Lean Startup Model, allocating resources properly, focusing on innovation company culture, and staying focused. To succeed, companies need to evolve and innovate to keep up with industry competition, address challenges, and exploit opportunities.