ELI5: Explain Like I'm 5

Innovation management

Innovation management is about helping businesses come up with new and better ideas that can be used to make things better. It involves finding, creating and testing ideas and then deciding whether to put them into practice. Innovation managers work with a team to come up with ideas, figure out how to make them happen, and help the team to put the ideas into practice. By coming up with new ways to do things, businesses can create products or services that are better and more efficient.