Global standard known as ISO 56002:2019 provides a framework for establishing, executing, sustaining, and improving a system for managing innovation (IMS) within a business. This standard aims to support companies in formulating a structured approach to innovation management, allowing them to remain competitive in a rapidly evolving environment.
Understanding Innovation Management: This term refers to the process of generating, honing, and executing new ideas, products, services, or procedures that provide value to the organization and its stakeholders.
Ongoing Enhancement: ISO 56002 emphasizes the importance of continually updating the innovation management system to ensure the organization keeps innovating and adapting to emerging challenges.
ISO 56002:2019 provides an effective framework for systematically, consistently, and strategically overseeing innovation. By following its guidance, organizations can enhance their long-term outcomes, align innovation initiatives with their goals, and foster a culture of innovation.