Innovation Management | How Can Innovation be Managed? | Idea Drop

Innovation needs to be tangible and measurable, and effective innovation management is crucial to turn ideas into reality. It can benefit a business by resolving problems, increasing productivity, showcasing values, standing out from competition and boosting morale. Incremental, disruptive, architectural and radical innovation are the four types, each requiring a different level of innovation management. Incremental innovation is the most common and is about improving existing mechanisms, while radical innovation pushes boundaries and creates new industries. Effective innovation management is necessary for success in any type of innovation.