Innovation Management for Global Competitiviness: Difference between revisions

Innovation Management for Global Competitiviness (view source)

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 * '''[[w:Innovation|Innovation]]''' is a new idea, device or process.  Innovation can be viewed as the application of better solutions that meet new requirements, inarticulated needs, or existing market needs. This is accomplished through more effective [[w:product (business)|product]]s, [[w:Procedure (term)|processes]], [[w:Service (economics)|service]]s, [[w:technologies|technologies]], or [[w:idea|idea]]s that are readily available to [[w:Market (economics)|market]]s, [[w:government|government]]s and [[w:society|society]]. ( Wikipedia )
+* '''[[w:Innovation management|Innovation management]]''' is the [[w:management|management]] of [[w:innovation|innovation]] processes. It refers both to [[w:product|product]] and [[w:organization|organization]]al innovation.
+:::Innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of [[w:business process|process]]es and [[w:goal|goal]]s. Innovation management allows the organization to respond to external or internal [[w:opportunity|opportunities]], and use its creativity to introduce new [[w:idea|idea]]s, proceses or [[w:product|product]]s. It is not relegated to R&D; it involves workers at every level in contributing creatively to a company's product development, manufacturing and marketing. ( Wikipedia )