Professional Documents
Culture Documents
SUCCESSFUL INNOVATION
MANAGEMENT
1. Management Commitment to Innovation
Management commitment is one of the most important success factors in innovation
management. In the absence of corporate management support, innovation leaders
will waste their time fighting against windmills.
The commitment of all managers, from top to bottom, is the basis of the innovation
process. This is because it secures the necessary support for innovations that are now
happening outside of the day-to-day business (where a company earns the money)
from all areas. Support, time, and budgets are necessary fuels for the success of
innovation, which can only be achieved through a commitment to innovation.
2. Strategic orientation
If the strategic orientation of innovation
activities is lacking, there is a lack of goal,
path, and orientation. This makes it difficult
for those in charge of innovation to assess
where and what to look for, which
innovation topics have priority, and thus
difficult to make the right decisions.
Therefore, the innovation strategy must be defined on the basis of future trends, opportunities,
risks and challenges as well as the corporate strategy:
What is the purpose of innovation and what do we want to achieve in the future?
What is the contribution of innovation to corporate strategy?
What are our future topics and search fields?
Based on these answers, the innovation vision, its strategy, and the innovation roadmap
emerge. These elements are the basis of all innovation activities, be it the development of ideas,
the prioritization of innovation projects, or decisions in projects.
3. Clear responsibilities
The innovation process is a highly interdisciplinary process and requires the
involvement of many functional areas and employees in order to successfully
implement a new product or service idea.
It is, therefore, necessary to clearly define what is expected of the employees. Above
all, it is also about defining the roles in the innovation process. For example, the tasks
of sales, production, purchasing, etc. in innovation projects are clearly defined with
regard to their contribution to the success of innovation.
In addition, the project roles are defined in individual innovation projects and must be
perceived with commitment.
4. Innovation culture
Innovations require completely different structures and cultures in comparison to
operative management and work. The operational business is built on routine and
efficiency, while innovation is always about innovation. This requires different
values and attitudes, for example, openness to try out new and new things,
willingness to take risks, thinking across borders, accepting mistakes, and much
more.
Therefore, change management itself is an extremely important tool and belongs to the
repertoire of every innovation manager. Innovations put a company into continuous change
and therefore it requires conscious and constant management of these changes in order to
take all employees on the journey.
6. Integration of all employees
For this reason, a company must place great emphasis on the fact that all employees pursue a common goal
- on the one hand in terms of innovation vision and, on the other hand, in individual projects. Everyone
must have a common, great goal in mind and focus their energies on it. Only in this way can all innovation
potentials be used productively and facilitate the success of innovation.