To manage innovation you have to move across a broad spectrum of activities. You need to think through Structure, Strategy, Processes, Culture, Metrics and a host of other aspects to support a robust innovation management system.
When it comes to fostering innovation we do get more into the fuzzy part that for many is made up of more the intangibles that covers culture, climate and conditions to innovate. These increasingly make up the environment for innovation. There is another side of the equation, less fuzzy if you determine its parts well, and that is its governance.
For me, the environment and governance make up the formal and informal part of fostering innovation. I’d like to touch on both here in this blog.