Innovation Management - Creating value with innovation management.

By helping clients to develop new approaches and tools for improving innovation management we have a good overview of the current picture. But what can we expect over the next ten years? What key trends do we see in the way companies are managing innovation? What approaches and concepts are going to be ground-breaking, and what will this mean for business leaders?

We see that the increasing need for innovation is driven by external factors such as ongoing globalization, the shift of economic gravity away from traditional Western countries, continuing economic uncertainty and changing and more individualized customer demands.

From recent research that surveyed the opinions of global Chief Technology Officers and Chief Information Officers, we identified key changes in five distinct but interrelated innovation management concepts as being important for the years ahead: customer-based innovation, proactive business model innovation, frugal innovation, high-speed/low risk innovation and integrated innovation. But what do we mean by these?

Table 1: Five innovation management concepts to watch

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