INNOVATION LITE ™ is an entry-level approach to implementing innovation management. Developed by the Total Innovation Management (TIM) Foundation, the program is aligned with the TIM Foundation’s Innovation Management Standard which is adopted by the Product Development and Management Association. This toolset provides simple but very thorough innovation management measures any organization can take to get started. The INNOVATION LITE ™ approach allows organizations to implement systematic innovation management at a low threshold, with limited resources, and in a relatively short time frame.
What is INNOVATION LITE ™?
INNOVATION LITE ™ builds on very thorough but simple methodology. It is rooted in an internationally accepted innovation management standard.
INNOVATION LITE ™ covers the 3 phases of the innovation cycle, Front-End (Discovery), Middle (Development) and Back-End (Deployment). In addition the 6 elements of innovation management (Culture, Leadership, Resources, Processes, Monitoring & Measuring and Improvement) are reviewed as to their relationship to innovation.
Organizations can build their innovation capability using INNOVATION LITE ™ and use it as a pre-cursor to a full-fledged Innovation Management System. If you grow your capability, you can also easily connect your own innovation tools and methods to the innovation management standard, and immediately rank higher on its maturity scale than anyone without that pedigree.