An innovation manager’s role is important as it has a massive impact on the survivability of the business. On the other hand, it’s worth noting that the innovation manager is not the person who does the innovation projects themselves.
Like in the sales department, there’s a big difference between a sales representative and a sales manager. Even if a certain sales representative is good at his job, it doesn’t mean he’s a good sales manager.
There’s a fine line between the job of selling and the job of managing the whole sales process. The same is true with innovation. The work of an innovation manager is different compared to an innovation team member.
Let’s dig deeper about what the innovation manager role is all about.
What is an innovation manager?
An innovation manager is the one responsible for managing innovation in the organization. It is his duty to take care of the innovation engine and to keep it running by fueling it up with ideas and problems.
The role of an “innovation manager” can also be referred to by other titles including:
Business development manager
Innovation portfolio manager
The presence of different roles usually has something to do with the size of the organization. For example, large organizations could have an innovation director in addition to the innovation manager.
But for small businesses, just having an innovation manager (which some small organizations may also call the innovation director) probably would suffice.
What are the responsibilities of an innovation manager?
The ultimate role of an innovation manager is to create continuous business value for the company by delivering successful innovation projects. This bore out various specific responsibilities including the following:
Engaging with employees, customers, and the market for opportunities
Managing the innovation culture and toolset
Managing the decision-making process through which ideas become innovation projects
Building the skillset, mindset, and toolset needed to achieve innovation goals
In small and medium organizations, the innovation manager is responsible for the five domains of the innovation engine in order to achieve the intended objective at the innovation maturity level (reactive, active, defined, performing).
In large organizations, innovation managers often deal with one domain specifically and report to the innovation director or innovation board.
Here are the five domains of the innovation engine and what the innovation manager has to do with each one:
1. Goals and Performance
In this domain, the innovation manager has to know how to connect the innovation strategy to the business strategy.
Since the innovation manager is also the one that manages the decision-making process on determining which ideas become innovation projects, it’s imperative that the innovation strategy has to be aligned with that of the company’s business strategy.
Furthermore, the innovation manager must ensure that the key indicators set must help the organization move closer to its business and innovation goals. They must help indicate how effective the innovation activities are.
In large organizations, the innovation manager has to report the progress to the innovation director or to the innovation board and make adjustments where necessary.
2. People and Culture
One of the best management tips that an innovation manager must apply is to build a culture of innovation. Having an environment conducive to innovation helps everyone in the company contribute more to the innovation engine.
What’s important here is for all members of the organization to know how important innovation is and how it will benefit the company. They must feel that all their ideas are embraced and accepted, even when the ones that seem outlandish.
The innovation manager must implement processes to retrieve, manage, and successfully execute innovations. This is where the innovative ideas have to move from the funnel to the innovation route.
The key here is to build a sustainable innovation system, an engine that will keep on running. We call this an “innovation management framework”. The innovation manager plays an important role in this system as it is his role to manage the innovation inbox.
What this innovation inbox does is that it serves as the filter where all ideas gathered are assessed to determine the ones that will progress and become innovation projects, which will then be placed on the innovation roadmap.
4. Tools and IT
The innovation manager must find the most suitable software and tools that can help with idea generation, idea management, and the whole innovation process in general. This is important, especially that there are hundreds of such tools out there.
For example, ideation management and strategy is one of the most important processes in the innovation system. Generating ideas must level up for it to generate good or profitable ideas that can contribute to reaching the company’s business goals.
Accept Mission is an example of an idea management solution that can manage and structure the whole ideation process and selection. Our platform will enable you to easily manage and qualify all of your ideas in one place.
5. Management and Organization
Another important responsibility that the innovation manager has, is related to the innovation activities, functions, roles, and responsibilities within the organization. To attain success in innovation, there must be a clear process and a focused workforce.
In this aspect, the innovation manager must be able to give guidance to the innovation team. He must supervise, coach, and even support (where necessary) the innovation team, which includes scouts, sprint masters, and project leaders.
Aside from that, the innovation manager must also manage the planning of all innovation activities and projects within the organization.
What are the characteristics of a good innovation manager?
The scope of the roles and responsibilities of an innovation manager is vast. It covers many areas of the business. That’s why it’s critical for the innovation manager to have the right characteristics.
Let’s talk about some of the important characteristics of a good innovation manager.
The fuel needed for the innovation engine to run is ideas. Without ideas, no innovation will ever happen. Although the idea generation activities handle this problem really well, the innovation manager must have an insatiable curiosity to dive deeper into the right ideas.
In addition, curiosity will also push the innovation manager to keep on experimenting. When it comes to innovation, experimenting means trying out new ideas. This is done by launching out new programs and prototypes.
Many of the ideas that will become projects seem radical. Some of them may be far from the organization’s comfort zone. That’s why the innovation manager must be able to strategically manage the whole innovation process.
Since the innovation manager also has to manage the decision-making process in selecting which ideas to execute, it’s important that the person behind this role will be able to think strategically in terms of seeing which ideas are aligned with the company’s business goals.
On the other hand, the innovation manager must also be able to manage the failures of innovation projects. Some of those ideas are radical and disruptive, which have high chances of failure.
In case of such a scenario, the innovation manager must be able to decide whether to continue with the project or not.
It’s not enough to be curious and strategically inclined. The innovation manager must also think and decide fast. No matter how disruptive a project can get, if it takes too long, someone somewhere is bound to do it faster.
That’s why this role needs fast thinking. The man behind the wheels must be able to look out for shortcuts, when possible. When push comes to shove, the innovation manager must know that launching out the prototype is more important than getting it perfect right away.
Naturally, these three characteristics aren’t the only ones that define a good innovation manager. These criteria are also important:
Focused on results
Outstanding communication skills
Has an entrepreneurial spirit
At the end of the day, you will know a good innovation manager by going back to its ultimate role — he or she must effectively create continuous business value for the company by delivering successful innovation projects.
What an innovation manager is not
An interesting study published in Harvard Business Review revealed that in most innovative companies, the senior executives don’t delegate creative work. Instead, they do it themselves. In contrast, top executives in most companies don’t feel responsible for creative work.
Take note, however, that the innovation manager doesn’t have to do the innovation itself. One of the things to avoid in managing innovations is when the manager himself is the one doing the innovation projects themselves.
This would result in interruptions in the innovation engine, which then would lead to the slowing down or even failure of other innovation projects. The idea generation and selection processes will also halt.
Aside from that, remember that the innovation manager doesn’t have to be creative. In fact, putting a creative person in this role might cause problems for your organization later on. Most creative people have problems in managing different projects.
On the other hand, having the most creative people on the innovation team is one of the best actions the innovation manager can take. These creative wizards will be able to pitch in a lot of new cool ideas that can potentially take your organization to new heights, managed to perfection by the innovation manager.
Next steps: Aside from offering useful innovation tools through our platform, Accept Mission also provides innovation advisory services including innovation strategy development, program development, and innovation training.
If you ever need to speed up your innovation and make optimizations to help you reach your business goals, feel free to send us a message here.