The Principles of Innovation Management
Trish Borzon
1489 Posts

Presented by: Peter Merrill, Quest Managment Inc.

Area of Focus: Basics and Session Level: Basic

Business leaders see innovation as the competitive edge in the market and Quality Professionals must understand its principles. The principles detailed in ISO 56000 are developed from the experience of several hundred experts globally. Real world illustrations will be provided for each principle. Realization of value; “Value, is realized from the deployment, adoption, of new solutions.” Future-focused leaders; “Leaders, driven by curiosity and courage, challenge the status quo by building an inspiring vision and continuously engaging people.” Strategic direction; “The direction for innovation is based on aligned objectives supported by people and resources.” Culture; “Shared values, and behaviors openness to change, risk taking and collaboration, enable the coexistence of creativity and execution.” Exploiting insights; “A range of internal and external sources are used to build insightful knowledge, to exploit stated and unstated needs.” Managing uncertainty; “Uncertainties and risks are managed by learning from experimentation within a portfolio of opportunities.” Adaptability; “Changes in the context of the organization are addressed by adaptation of structures, processes, competences and value realization models.” Systems approach; “Innovation management is based on a systems approach with interacting elements, and evaluation and improvement of the system.” This session provides an understanding of innovation basics for quality professionals.

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@Trish Borzon:

Presented by: Peter Merrill, Quest Managment Inc.

Area of Focus: Basics and Session Level: Basic

Business leaders see innovation as the competitive edge in the market and Quality Professionals must understand its principles. The principles detailed in ISO 56000 are developed from the experience of several hundred experts globally. Real world illustrations will be provided for each principle. Realization of value; “Value, is realized from the deployment, adoption, of new solutions.” Future-focused leaders; “Leaders, driven by curiosity and courage, challenge the status quo by building an inspiring vision and continuously engaging people.” Strategic direction; “The direction for innovation is based on aligned objectives supported by people and resources.” Culture; “Shared values, and behaviors openness to change, risk taking and collaboration, enable the coexistence of creativity and execution.” Exploiting insights; “A range of internal and external sources are used to build insightful knowledge, to exploit stated and unstated needs.” Managing uncertainty; “Uncertainties and risks are managed by learning from experimentation within a portfolio of opportunities.” Adaptability; “Changes in the context of the organization are addressed by adaptation of structures, processes, competences and value realization models.” Systems approach; “Innovation management is based on a systems approach with interacting elements, and evaluation and improvement of the system.” This session provides an understanding of innovation basics for quality professionals. Optonline Email

It is important for quality professionals to understand the principles of innovation, as it is seen as a competitive edge in the market by business leaders. These principles, as detailed in ISO 56000, have been developed based on the experience of several hundred experts globally. Real-world examples are provided for each principle to illustrate their application.

The first principle is the realization of value, which means that value is derived from the deployment and adoption of new solutions. Future-focused leaders are driven by curiosity and courage, challenging the status quo by building an inspiring vision and continuously engaging people. The strategic direction for innovation is based on aligned objectives, supported by people and resources.

Culture is also a key principle, where shared values and behaviors of openness to change, risk-taking, and collaboration enable the coexistence of creativity and execution. Exploiting insights involves using a range of internal and external sources to build insightful knowledge and exploit stated and unstated needs. Managing uncertainty involves learning from experimentation within a portfolio of opportunities, and adaptability means addressing changes in the context of the organization by adapting structures, processes, competences, and value realization models.

Finally, innovation management is based on a systems approach with interacting elements, and evaluation and improvement of the system. This session provides an understanding of innovation basics for quality professionals, highlighting the importance of innovation in today's competitive market.

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