Innovation is not just about shiny new inventions or discoveries. Innovation is a crucial business need as it relates to a company’s ability to identify and pursue new areas of opportunity while understanding and responding to changing conditions in its environment. It also helps organizations to create value while managing uncertainty and to leverage the knowledge and creativity of the people who work there.
It is a fundamental factor in business sustainability and economic viability, as well as a key contributor to the development of society as a whole. Innovation is essential, because the world never stays still. Organizations that are innovative also contribute to many of United Nations’ Sustainable Development Goals, including Goal 9, which aims to “ build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation ”.
ISO has developed a large portfolio of International Standards and guidance documents that enable an organization to align all its systems and processes in order to undertake innovation activities and initiatives. They address all factors that contribute to an organization being innovative, right down
to the implementation of an effective innovation management system.