ISO has published the new ISO 56001 standard which provides requirements and guidelines for establishing, implementing, maintaining and improving an innovation management system.
This standard aims to improve an organization's ability to innovate consistently and successfully.
It applies to all types of organizations, regardless of their type, size or the products and services they provide, offering a systematic approach to promoting and managing innovation.
ISO 56001 follows a harmonized structure that is compatible with other management system standards , allowing for seamless integration .
Organizations can align or integrate their innovation management system with other standards to leverage synergy and improve overall management efficiency.
Why is ISO 56001 important?
In today’s fast-paced and ever-changing business environment, the ability to innovate is critical to the survival and growth of organizations.
ISO 56001 is important because it provides organizations with the framework to manage innovation in a systematic way , reducing uncertainty and increasing the likelihood of achieving significant benefits from new products, services, processes and models.
By fostering a culture that supports innovation , organizations can improve their performance, resilience and competitiveness in the marketplace.
Advantages
Improve innovation performance and ability to manage uncertainty
Increase value realisation from innovations in products, services and processes
Builds a culture of continuous improvement and sustained innovation capability
Improve your reputation by attracting more customers, partners and investors
Improves collaboration capacity and increases the potential to attract funding (Source: https://www.iso.org /)