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Abstract: Innovation is crucial for corporate growth and competitiveness in the contemporary business environment. This paper explores the ISO 56008 standard, which provides a framework for managing and measuring organizational innovation activities. The study introduces the DIPS (Dynamic Innovation Phase Status) model, a tool for quantitatively evaluating research and development projects, addressing information asymmetry between management and project teams. The model's effectiveness in monitoring project progress and facilitating feedback improvements is demonstrated through case studies. The paper also discusses classifying innovation management processes into seven categories and highlights the importance of reliable measurement methods. Empirical data from various organizations underscore the significance of innovation dimensions in enhancing business performance. Despite advancements, the need for standardized evaluation approaches persists. The DIPS model offers a promising solution, aligning with ISO 56008 requirements and bridging the gap between subjective and objective indicators.
Keywords: Innovation Management System (IMS); ISO56000 series; ISO56008 standard; Quantitative evaluation; Sustainability; Competitiveness; Strategy; Artificial Intelligence; Statistical processing; Objective metrics
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1 Introduction
This is an example of the style for a second level heading In the contemporary business environment, characterized by the convergence of advanced technologies such as big data, artificial intelligence, robotics, and sensors, and marked by rapid industry and societal transformations, innovation has become a critical aspect of corporate growth, sustainability, and competitiveness. Many large companies face significant challenges in developing innovations while simultaneously prioritizing their existing business operations.
The ISO 56000 series, an international standard, aims to promote sustainable growth by systematically managing innovation and encompassing the activities required to transform ideas into practical, marketable products. This series has gained global traction, with 59 countries currently implementing it. Notably, over 300 companies in Europe arc actively promoting innovation management systems (IMS). The measurement and management of innovation activities within an organization using an IMS is of paramount importance for both practitioners and academics.
This paper discusses the ISO 56008: Innovation Management (Evaluation and Tools) standard, which is designed to effectively manage innovation activities within an organization by applying the DIPS model over time to analyze innovation activities from ideation to handover to business units in a large company. Through case studies, it is suggested that the DIPS model can resolve information asymmetry between top management and project...