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What is innovation management and why your organization needs it

hackerearth

Innovation management has now clearly emerged as a subset of strategic management, with companies unwilling to leave innovation only with the R&D wing. OECD, 2005) Finding new products, adding new features, or new uses of a product are examples of product innovation. In sustaining innovations, incumbents win.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

Innovation management has now clearly emerged as a subset of strategic management, with companies unwilling to leave innovation only with the R&D wing. OECD, 2005) Finding new products, adding new features, or new uses of a product are examples of product innovation. In sustaining innovations, incumbents win.