What is PD CEN/TS 16555-1 - Innovation management system about?
PD CEN/TS 16555-1 is first part of the multi-series standard that provides guidance on establishing and maintaining an innovation management system (IMS). PD CEN/TS 16555-1 is applicable to all public and private organizations regardless of sector, type or size.
PD CEN/TS 16555-1 provides guidance on:
- Understanding the context of the organisation
- Establishing the leadership and commitment of top management
- Planning for innovation success
- Identifying and fostering innovation enablers/driving factors
- Developing the innovation management process
Who is PD CEN/TS 16555-1 - Innovation management system for?
PD CEN/TS 16555-1 on establishing and maintaining an innovation management system is useful for:
- Managers
- Researchers
- Academia
- The development teams
- R&D teams
Why should you use PD CEN/TS 16555-1 Innovation management system?
Innovation is the implementation of a new or significantly improved product, service, process or working practice. This includes new marketing methods and business models.
The aim of PD CEN/TS 16555-1 is to guide organizations to introduce, develop, and maintain a framework for systematic innovation management practices, and Innovation Management System (IMS).
Implementing a PD CEN/TS 16555-1 system provides several benefits to an organisation, for example, it:
- Enhances growth, revenues, and profit from innovations
- Brings fresh thinking and new value to the organisation
- Proactively captures value from a better understanding of future market needs and possibilities
- Helps identify and mitigate risks
- Taps into the collective creativity and intelligence of the organisation
