Innovation Models

Innovation models are structured approaches that guide organizations in developing new ideas, products, or processes. They help teams understand how to generate, evaluate, and implement innovations effectively. Common models include the stage-gate process, which divides innovation into steps with decision points; open innovation, encouraging external collaboration; and design thinking, focusing on understanding user needs. These models provide a roadmap to turn creative ideas into valuable solutions, ensuring efforts are systematic, strategic, and aligned with business goals. They help organizations stay competitive and adapt to changing markets by fostering continuous innovation.