A Lean Innovation Model To Help Organizations Leverage Innovation For Economic Value: A Proposal

Abstract

This paper introduces a Lean Innovation Model for transforming an organization into one that leverages innovation for economic value. The model intends to address two main questions: 1) what are the best innovation transformation approaches for an organization to leverage innovation and 2) how can an organization effectively unleash its untapped innovation capability to increase economic value? How the model works, its constructs, and how it can affordably be implemented will be described. Relationships between the conceptual model and the requisite culture, process, and infrastructure needed for an organization to produce economic value from innovation will be explored.