Innovation management is a sub-discipline in the general field of management that implies creating, planning and supervising new organisational trends, to support business growth. It deals with discovering new niches, imagining new services and technologies, testing breakthrough corporate practices, establishing brand extensions and foreseeing market trends. Innovation management involves aspects from other organisational business areas such as business intelligence and analytics, quality management, project management, marketing, IT, human resources or sales.
Specialisations and concentrations in the innovation management field include entrepreneurship and innovation, technology and innovation management, enterprise and innovation management, global innovation management, management of information systems and digital innovation, among others. Students following innovation management courses have a chance to acquire in-depth knowledge on business development, practice innovation management techniques (IMT) and models. They also develop their creative thinking, communication abilities and presentations skills.
Examples of careers in innovation management include product manager, strategy consultant, business analyst, operations manager, business development specialist or CEO. Innovation managers typically have strategic positions in corporations, IT firms, governmental agencies and financial institution. They may also practice in the investment-banking field, or may choose consultancy positions, as well as careers in research or academia.Read more