ISO DIS 50501
Innovation management - Innovation management system - Guidance
|Publication Date:||7 August 2018|
|ICS Code (Company organization and management in general):||03.100.01|
|ICS Code (Research and development):||03.100.40|
|ICS Code (Management systems):||03.100.70|
The capability of the organizations to innovate is recognized as one of the main factors driving economic growth, increasing wellbeing levels and the development of society.Innovation depends not only on the internal competences of the organizations, but also on their ability to interact with other interested parties, transforming knowledge into value realization. The capacity to manage innovation as a system is a critical success factor.
An innovation management system comprises a set of interrelated elements that allow the organization to identify its innovation policy, strategy, objectives and processes needed to achieve the desired innovation results. These activities include detection and response to changing situation in its context, to pursue new opportunities, to leverage the knowledge and creativity of people within the organization and other interested parties, and to promote a culture supporting innovation activities.
The innovation capability of an organization includes the ability to detect and respond to changing condition in its environment, to respond to new opportunities, and to leverage the knowledge and creativity of people within the organization, and external interested parties. This enables the realization of value from, e.g. new products, services, processes, models, and methods.
The potential benefits to an organization of implementing an innovation management system based on this document are:
a) increased growth, revenues, profitability, and competitiveness;
b) reduced costs and waste, and increased productivity and resource efficiency;
c) increased satisfaction of users, customers, and citizens, as well as social benefits;
d) sustained renewal of the portfolio of offerings;
e) engaged and empowered people in the organization;
f) increased ability to attract partners, collaborators, and funding;
g) enhanced reputation and valuation of the organization;
h) compliance with regulations and other relevant requirements.
In this document, the following verbal forms are used:
- "should" indicates guidance;
- "can" indicates a possibility.