Managing Innovation

The importance of innovation is reflected in the United Nations 2030 Agenda for Sustainable Development. Sustainable Development Goal 9 specifically highlights the strong interrelations between industry, innovation and infrastructure, as industry is an important source of innovation, providing the technological solutions for environmentally sound development. Innovation is integral to a country’s performance as a key driver of economic transformation, and for developing countries, in particular, unleashing their innovation potential can facilitate their transition to the digital economy.
For most organizations, innovation is not an option—it has become key for reaching desired business sustainability within a rapidly changing world. However, a significant number of executives, business owners and entrepreneurs are dissatisfied with the results they are obtaining in this field. Most of them struggle to manage innovation effectively.
Aware of this challenge facing organizations worldwide, the International Organization for Standardization (ISO) published the standard ISO 56002:2019 Innovation Management System – Guidance, setting the best practices to manage innovation activities effectively. This guidance document helps provide a way forward for managing innovation in all kinds of organizations, and especially in small and medium-sized enterprises (SMEs).
The training presents the ISO 56002:2019 Innovation Management System – Guidance standard as a guiding tool to design, implement, maintain and continuously improve an innovation management system. It also presents knowledge to improve the performance and effectiveness of any innovation project, the principles forming the foundation of a sustainable innovation management system and the actions that can be taken to deploy them throughout an organization.
The seven training modules showcase the components constituting an innovation management system, while demonstrating how they are articulated with a holistic approach.