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Research Outline
Prepared for Maja L. | Delivered October 21, 2020
Trends in Innovation Management
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Goals
To provide an understanding of the trends driving innovation management. The research aims to provide ten trends that consider how innovation processes and initiatives are progressed and will exclude trends related to idea challenges.
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Early Findings
Current
trends
in innovation management revolve around enabling
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processes, organizational innovations, and enhancing innovation ability in individuals.
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Processes
Reinventing Invention
Increased applications of artificial intelligence (AI) is i
mpacting innovation management
by changing the process of invention. AI can be placed in a
competitive environment
to provide solutions to problems.
Creative Machines
Improvements in AI has moved machines from optimizing existing solutions to having the ability to
create new designs
.
Micro Open Innovation
Complex problems and the innovation process to solve them are being broken into
micro processes and challenges
, leading to a faster route to solutions.
Organizational Innovations
Removal of Funding Bias
New methods in decision-making are being examined to ensure that the funding process is
fairer, more efficient
, and supports ideas that are bolder.
Adaptive, Distributed Teams
Leaders in innovation are beginning to
create teams
that are small and autonomous, and coordinated through a shared mission, principles and culture, to tackle innovation challenges.
Innovative Public Procurement
The subscription model of procurement, brokering procurement, and startups in residence are three examples of
tools governments
are using to spark innovation.
Octalysis Gamification
Octalysis gamification
is gaining popularity as an innovation tool. The framework sets a specific context, which is then used to analyze human motivation and its driving forces.
Enhancing Innovation Ability
Agile Innovation
The
agile management
approach is being applied to the entire process of innovation, from idea generation to process facilitation within the organization.
Neurodiversity
Neurological differences
, such as autism and dyslexia, are beginning to be seen as a feature, not a hindrance, to innovation teams as it can provide alternative ways to think of a problem.
Neuroleadership and Management
In this trend psychological and neuroscientific findings are blended and applied in an
interdisciplinary approach
to leadership and management of the innovation process.
Summary
This initial hour of research was used to determine the availability of information regarding ten current trends in innovation management. Once the availability of information was determined, the focus switched to providing a definition of each trend.
We propose to continue the research by expanding on each trend identified. We also propose to source two to three additional trends impacting on the innovation process and how tit is progressed to fruition. The research path to do this will be explained in the sections below. The research path to be undertaken will also be outlined in the sections below.
Please advise if there are any alternative research paths that you would like us to pursue on your behalf.
Proprietary Research Available
We found some proprietary research from one of our data partners which may be helpful:
Global Innovation Management Market — Trends Analysis, Company Usability Profiles & Forecasts to 2024 (360i Research, $3,750 single user, $5.750 Corporate Wide)
If you would like us to purchase this report on your behalf, just let us know!
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