A new global standard to foster innovation

The ISO 50501 standard relates to the topic of innovation management and is expected to be launched in 2018 to provide the world’s first common standard for innovation processes. Experts from 47 countries have worked on this guideline for several years. They plan to endow companies with tools they can use to map their innovation management processes. Innovation management principles will describe what characterizes an innovative organization and will operate as guidelines for improvement.

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