Innovation Management

What is Innovation Management?

Innovation Management is the process associated with monitoring and measuring innovations through an adoption or selection pipeline. Selected ideas are subject to detailed review, this process may include a series of review steps and stages where stakeholders will build up business cases and compare the concept with others.

How does it relate to Idea Management?

Idea Management is the first phase in generating and rationalizing a set of ideas, the best ones are selected for further consideration or implementation, are passed into the idea pipeline and then managed as new innovations. Both steps are important and have a different role to play in an organization yielding benefits from specific initiatives.

Why is it valuable?

Unless concepts are subject to tests of viability, organizations risk implementing ideas that have little value or will not resolve challenges that are faced. HypeIMT offers a multiphase, flexible workflow to ensure that whatever your criteria for implementing an idea or solution are, they’re supported within our solutions, so that all stakeholders have a real-time view of progress.

You’ll also build up an archive of ideas, options and assessments that could be invaluable in the future. Many organizations look back at this to see if things have changed, meaning that ideas previously considered impossible to implement may now be viable.

How does HYPE Help?

Our Innovation Management Software enables us to either build a new set of stages for idea review, matched to your model of governance and need, or take an existing model and replicate that within the application.