Innovation Manager job description
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What does a Innovation Manager do?
The Innovation Manager is crucial in driving the company's innovation initiatives by identifying opportunities for growth and creating new processes to leverage such opportunities. This role involves coordinating cross-functional teams to foster a culture of creativity and implement innovative solutions.
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What are the Key Responsibilities of Innovation Manager
- Identify emerging trends and opportunities for innovation.
- Develop and implement strategic innovation plans.
- Collaborate with cross-functional teams to develop new products or services.
- Drive projects from idea generation through to implementation.
- Foster a culture of innovation within the organization.
- Assess and manage risks associated with new ventures.
- Maintain strong relationships with external partners, such as suppliers and industry experts.
- Lead workshops and brainstorming sessions to generate new ideas.
- Monitor and report on the progress of innovation initiatives.
What are the Skills and Requirements for a Innovation Manager?
- Strong understanding of innovation processes and methodologies.
- Excellent strategic and analytical thinking skills.
- Proficient in project management.
- Effective communication and interpersonal skills.
- Ability to lead cross-functional teams.
- Creative problem-solving abilities.
What are the KPIs to track for Innovation Manager?
The Innovation Manager's performance is evaluated based on the successful implementation of innovative initiatives, the impact of these on company growth, and the ability to foster a culture of innovation and collaboration.
Project Delivery
Timely completion of innovation projects.
Idea Generation
Number and quality of new ideas generated and implemented.
Innovation Impact
Positive impact of innovations on company performance.
Reports to
Chief Innovation Officer
Collaborates with
Research and Development, Marketing, Strategy Teams
Leads
Innovation Analysts, Project Teams
Are any specific tools or software required for the Innovation Manager role?
- Trello
- Asana
- MindMeister
- Slack
What is the qualification of Innovation Manager?
Master's degree in Business Administration, Innovation Management, or a related field is preferred. At least 5 years of experience in innovation management or a similar role.
