What is Innovation and Innovation management ?

How we can define innovation ?

Innovation is “”The act of introducing a new device (such smartphone, motor bike), method ( such a way of assembling cars, new business process or a new way of making money) or material for application to commercial or practical objectives”  as defined by (Schilling, 2013).

What about innovation management?

Therefore, Innovation management is about how organizations and their employees manage their innovation activities. It includes :

• Formulating an innovation strategy,
• Insuring that employees can be creative and come up with new ideas,
• Managing execution of innovation projects (What, Who , Risks …).