STEM Foundation

New Innovation Standards have Arrived

By Prof Sa’ad Medhat, CEO, Institute of Innovation and Knowledge Exchange
Member of the BSI / ISO Innovation Management Committee

 

Innovation has been widely used in many contexts, and its meaning or realisation is often misunderstood or misinterpreted, amongst organisations, and within their departments and functions. But when it comes to innovation, the common thread shared by organisations and individuals alike, is that innovation is a natural response to disruption.

 

In practice, ensuring a consistent approach to innovation development is often highly variable, and is dependent upon multiple internal and external factors such as, an organisation’s strategic context and culture, technological disruption and market dynamics and trends.

So, how do you ensure your organisation is adopting an effective approach to implementing innovation enabling it to increase its value position?

As the UK’s professional body for innovators, my organisation, the Institute of Innovation and Knowledge Exchange (IKE Institute) advocates innovation as a professional discipline, and it promotes benchmarking and accreditation of innovation capabilities aligned to professionally-defined international standards. 

Over the past two years I have been active contributor as part of the BSI (British Standards Institution) and ISO (International Standards Organisation) Technical Committee 279 which has been responsible for creating a set of new Innovation guidance standards. These guidance standards are intended to provide a good steer in Innovation Management. In recent months we have published some parts of the ISO 56000 guidance series of standards:

  • ISO 56000 - Fundamentals and Vocabulary
  • ISO 56002 - Innovation Management System
  • ISO 56003 - Tools and Methods for Innovation Partnership
  • ISO 56004 - Innovation Management Assessment
  • ISO 56005 - Intellectual Property Management (in development)
  • ISO 56006 - Strategic Intelligence Management (in development)
  • ISO 56007 - Idea Management (in development)
  • ISO 56008 - Tools and Methods for Innovation Operation Measurements (in development)

The two primary standards that everything else is drawn from is the ISO 56000 that provides common definitions and terms, and the second, is the ISO 56002, which outlines the systematic steps that an organisation needs to undertake to deliver a sustained innovation capability, in line with its strategic goals.

Whether you have established innovation initiatives or you’re contemplating new ones, these standards provide a comprehensive set of guided principles and example actions that you can choose from to address the requirements and context of your organisation. They are intended to help you to think, view and do things differently, when it comes to implementing strategic innovation. The ISO 56000 series is applicable to small, medium or large public or private organisations.

The IKE Institute’s Investor in Innovations®  Standard is now fully aligned to the ISO 56000 guidance series of standards, and has been applied to assess, benchmark and accredit many multinationals companies in their innovation capabilities. The Investor in Innovations Framework® brings all the components of the ISO 56000 standards series together in a coherent way to offer organisations a comprehensive and integrated view of their innovation capability, organisational readiness and maturity.

The IKE Institute helped organisations such as Abellio, BAE Systems, Thales, Raytheon, Panasonic, City of Glasgow College, University of Plymouth and Ministry of Defence amongst many others, to improve their business models and enhance their innovation portfolios, thereby, delivering impact, value and sustainable growth.

The published ISO Standards are available from BSI https://shop.bsigroup.com/

Further information about the Investor in Innovations Standard Accreditation is available from the IKE Institute: https://www.ikeinstitute.org/product/investor_in_innovations_standard

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