Scribd
Upload
25 views1 page

Innovation Management Summary

Innovation management involves adopting new ideas, products, or services that customers want. Innovation can involve changing processes, products, organizational structures, or a society's culture. Innovation varies in extent and aims to solve problems. It impacts organizations through the introduction of new products, services, or processes into the marketplace. During the pandemic, the Department of Education innovated strategies like using computers, laptops, and mobile phones to continue student learning remotely. Innovation differs from invention in that innovation commercializes inventions and leads to organizational changes, while invention may not be commercialized. Organizations must continuously innovate to survive changes in the rapidly changing economy.

Uploaded by

Dhen Velez Largo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
25 views1 page

Innovation Management Summary

Innovation management involves adopting new ideas, products, or services that customers want. Innovation can involve changing processes, products, organizational structures, or a society's culture. Innovation varies in extent and aims to solve problems. It impacts organizations through the introduction of new products, services, or processes into the marketplace. During the pandemic, the Department of Education innovated strategies like using computers, laptops, and mobile phones to continue student learning remotely. Innovation differs from invention in that innovation commercializes inventions and leads to organizational changes, while invention may not be commercialized. Organizations must continuously innovate to survive changes in the rapidly changing economy.

Uploaded by

Dhen Velez Largo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

INNOVATION MANAGEMENT SUMMARY

Innovation management is an idea, practice or object that is perceived as new by an


individual or other unit of adoption. It is use of new knowledge to offer a new product or service
that customers want.
Anent hereto, innovation is the search for and the discovery, developed, improvement,
adoption and commercialization of new processes, new products and new organization structures
and procedures.
Innovation has also different characteristics such as; an object or target which is being
changed, it can be product, a process, an individual’s lifestyle, an organization’s strategy or a
society culture. Innovation vary in extent or magnitude. It is closely related to problem solving
since generation and implementation of ideas for change never transpire without difficulty. A
final characteristic is the impact of the change, the significance or range its effects.
In Department of Education, innovation also occurred in this pandemic season. The
organization innovated different strategies to ensure that learning continues despite of pandemic.
Innovated computers, laptops, televisions, radios and mobile phones were the tools used in
passing and circulating the learning of the students.
Innovation is somehow different from invention. Invention is creation of new product and
for service and process. It may not be commercialized and it can be autonomous. It can be
economic or non – economic motive. It may bring few changes in organization and precedes
innovation.
On the other hand, innovation is the introduction of new product, service or process into
the marketplace. The results may lead into commercialization and has economic motive. It brings
organizational changes and succeeds inventions.
Some people sometimes ask why we have to innovate. Since our world is a rapidly
changing economy, people must understand, learn and innovate to survive the changes in this
economy. Organization prepare themselves to innovate on a continuing basis.
Indeed, innovation is about planning and controlling systems with high degree of
flexibility. Respect for individual initiative and personal growth and tolerance for mistakes and
following room for failure.

You might also like