25 Need-To-Know Management Models

Chapter 17

Innovation circle

• Why use it? The innovation circle is a model for analysing and managing the life cycle of a new innovation.
• What does it do? Innovation processes are often complex and not easy to manage. This model identifies which phases in the life cycle of an innovation are the most important and therefore in greatest need of management focus and attention.
• When to use it? The innovation circle can be used to manage the life cycles of a variety of innovations. As the innovation process is divided into successive phases, management attention can be more easily directed to areas of need during the life cycle of the innovation.
• What question will it help you answer? How can I oversee and manage the different stages of the innovation ...