What Is Innovation Management

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"An IT research and consultancy company, innovation management is a business discipline that aims to drive a sustainable innovation process or culture within an organization. Oftentimes, these innovation management initiatives utilize a disruptive method of change to transform business." - Gartner

Innovation management in a nutshell, is a combination of the management of innovation processes and change management. It applies to the product, business process, and organizational innovation.  Innovation processes can either be pushed or pulled through development.