Abstract: Through our literature review we realized that the full implementation of innovation framework in many organizations does not appear to take place routinely within management practice and that, where it does, it tends to focus on output measures. Further, from the relatively small number of empirical studies of frameworks in practice, measurement of innovation management appears to be undertaken infrequently as an ad hoc approach, and relies on outdated innovation frameworks. In this paper we introduce an integrated and comprehensive framework that addresses the innovation management at both levels of the firms and projects. We developed a synthesized innovation management framework that consists of eight dimensions including the Innovation Balanced Scorecard (IBS) to measure four categories of innovation Key Performance Indicators (KPI), Open Innovation, and Commercialization. The paper makes two important contributions. First, it takes a step of incorporating a vastly diverse innovation frameworks into a single framework with several newly added dimensions. Second, through the application of this framework to a particular context, practitioners will be able to conduct an evaluation of their own innovation management activity, identify gaps, weaknesses or inadequacies, and also improvement potential.
Abstract: Through our literature review we realized that the full implementation of innovation framework in many organizations does not appear to take place routinely within management practice and that, where it does, it tends to focus on output measures. Further, from the relatively small number of empirical studies of frameworks in practice, measurement of innovation management appears to be undertaken infrequently as an ad hoc approach, and relies on outdated innovation frameworks. In this paper we introducing an integrated and comprehensive framework that addresses the innovation management at both levels of the firms and projects. We developed a synthesized innovation management framework that consists of eight dimensions including the Innovation Balanced Scorecard (IBS) to measure four categories of innovation Key Performance Indicators (KPI), Open Innovation, and Commercialization. The paper makes two important contributions. First, it takes a step of incorporating a vastly diverse innovation frameworks into a single framework with several newly added dimensions. Second, through the systematic implementation and usage of the framework toolkit, practitioners will be able to conduct an evaluation of their own innovation management activity, identify gaps, weaknesses or inadequacies, and also improvement potential.
