Authors: Stelios Kavadias; Jeremy Hutchison-Krupat, University of Cambridge
Innovation is critical in all types of organizations. Yet, it remains one of the most challenging efforts to perform and manage. This presentation provides a conceptual framework that breaks the complexity of innovation efforts down into three key phases, namely ideation, selection and execution. We then review the extant literature that has emerged on the management of innovation and we identify that there is no single standard recipe that enables effective innovation management.