Innovation Management Framework

The Knowledge Economy

INTEGRATED INNOVATION MANAGEMENT FRAMEWORK
Nader NADA1
Abstract: Through our literature review we realized that the full implementation of innovation framework in many organizations does not appear to take place routinely within management practice and that, where it does, it tends to focus on output measures. Further, from the relatively small number of empirical studies of frameworks in practice, measurement of innovation management appears to be undertaken infrequently as an ad hoc approach, and relies on outdated innovation frameworks. In this paper we introducing an integrated and comprehensive framework that addresses the innovation management at both levels of the firms and projects. We developed a synthesized innovation management framework that consists of eight dimensions including the Innovation Balanced Scorecard (IBS) to measure four categories of innovation Key Performance Indicators (KPI), Open Innovation, and Commercialization. The paper makes two important contributions. First, it takes a step of incorporating a vastly diverse innovation framework into a single framework with several newly added dimensions. Second, we introduced and partially developed the innovation framework toolkit. Through the systematic implementation and usage of the framework toolkit, practitioners will be able to conduct an evaluation of their own innovation management activity, identify gaps, weaknesses or inadequacies, and also improvement potential. Keywords: Creativity, Innovation, Framework, Innovation Balanced Scorecard, KM

1. Introduction If knowledge management is to have any real impact on the way we do business and not just a passing fad then it has got to be about making radical changes in the way that we perceive and utilize knowledge. It needs to be about creating new knowledge, applying knowledge and in the words of Peter Drucker “making it productive” (2002). In other words knowledge management needs to fundamentally focus on

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