Microsoft Announces Enterprise Innovation Management Initiative

Microsoft Corp. today announced its Innovation Process Management (IPM) initiative to help enterprises build a flexible IT platform to speed the process of innovation for competitive advantage and a higher return on investment.

In many industries, innovation traditionally has been a compartmentalized, top-down process run by a small team of researchers, designers or engineers. The rapid spread and high availability of collaborative technologies has changed that model. It is now widely recognized that the next great breakthrough in products, services and processes can come from people anywhere inside or outside an organization. Advancements in IT also make it possible for companies to design flexible processes to support innovation.

“Innovation really is a team sport, requiring close collaboration and the alignment of people, processes and supporting infrastructure throughout an organization,” said Don Richardson, director of Worldwide Innovation Management Sales Strategy at Microsoft. “Ideation, knowledge capture, knowledge management, project management and portfolio management all must be synchronized through a formal process to ensure that innovation projects yield success.”

Source- Microsoft Press Release

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Tags: Microsoft