Governance of Innovation

Innovation Management System

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Leading Innovation Governance

Leadership drives innovation, establishing frameworks for successful, strategic advancement.

Set Vision
Leaders define clear innovation goals, inspiring future endeavors.
Allocate Resources
They provide essential funding, talent, and time for new projects.
Foster Culture
Leaders cultivate environments where experimentation and learning thrive.

Cultivating a Perpetual Innovation Culture

Establish an environment where individuals feel completely safe sharing nascent, even seemingly unconventional, ideas without fear of immediate criticism or punitive repercussions.

This psychological safety net encourages bold thinking and fosters genuine creativity.

Navigating Innovation's Perils

Identify Risks

Proactively uncover potential innovation failures and challenges.

Assess Impact

Evaluate the probable consequences of identified risks occurring.

Mitigate Controls

Implement strategies to reduce risk likelihood or severity.

Monitor & Review

Continuously track risks, adapting controls as needed.

High-Performance Solutions

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Monitor

Track key innovation activities and relevant metrics.

Measure

Quantify innovation outcomes against defined objectives.

Analyze

Interpret data to find trends and performance patterns.

Evaluate

Judge system effectiveness against ISO 56001 requirements.

Audit

Conduct internal checks for conformity and improvement areas.

Review

Management assesses system suitability, effectiveness, and future direction.

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