The field of innovation management encourages corporate innovation and involves strategies that enable a corporation to develop strategically. It covers important topics like context, leadership, planning, support, operations, assessment and improvement of new ideas. Innovation Management is concerned with the discovery of new services and technology, the promotion of a brand and the prediction of market trends.

Innovation management programmes focus on the creation and development of creative ideas into business outcomes. It offers cutting-edge experience in all aspects of innovation management, including commercial, societal, industrial, technological, and legal aspects. Creativity, project management, portfolio management, and other characteristics and talents of innovation management are also included. Students will obtain a thorough understanding of the methodologies and frameworks used in innovation management.

Study Levels

Innovation management, like many other professions, offers a wide range of degrees from undergraduate to PhD levels. These degrees become increasingly complex as one progresses, with a number of personalised specialisations or electives. The various types of management degrees:

• Bachelor of Arts (B.A) in Management
• Bachelor of Arts (B.A) in Business Administration and Digital Innovation
• Bachelor of Commerce (BCom)
• Bachelor of Science (B.Sc.) in Product Design and Innovation
• Bachelor of Engineering in Innovation Engineering
• Bachelor of Business Administration (B.B.A) in Entrepreneurship and Innovation
• Master of Arts (M.A) in Management
• Master of Arts (M.A) in Design Strategy and Innovation
• Master of Science (M.Sc.) in Business Administration
• Master of Science (M.Sc.) in Strategic Business Management
• Master of Science (M.Sc.) in Prosperity, Innovation, and Entrepreneurship
• Master in Management (MiM)
• Master of Business Administration (MBA) in Entrepreneurship and Innovation
• Doctor of Philosophy (Ph.D.)
• Diploma / Certificate

Specialisations

Choosing a specialisation in this field will assist students to build realistic and competitive products while also fostering creativity and allowing them to become leaders in their profession. The following are a few specialisation possibilities in innovation management:

• Agricultural Technology and Innovation
• Business Innovation
• Creative Intelligence and Strategic Innovation
• Creativity and Innovation
• Digital Innovation and Management
• Economics and Management of Innovation
• Global Innovation Management
• Innovation and Change Management
• Innovation and Leadership
• Innovation and Management
• Innovation Management and Engineering
• Innovation Management and Entrepreneurship
• Innovation Management and Health
• Innovation Management and Internet of Things
• Marketing and Innovation Management
• Media innovation
• Strategic Innovation Management
• Sustainable Business and Innovation
• Technology and Innovation Management

Employability

The degree in Innovation Management is both adaptable and interesting. It is the best degree programme for individuals who appreciate mixing high-level ideas with hands-on work on business concepts. Students with this degree are prepared to be inventive entrepreneurs and future leaders.

Graduates with a degree in innovation management have a wide range of professional and commercial alternatives available to them. Most of these programmes are designed to cultivate the abilities required for a competitive career in business, in response to the growing demand for inventive entrepreneurial specialists. Graduates of this programme may find employment in large multinational corporations as well as small and medium-sized businesses. Some of the common job titles in India are:

• Innovation Manager
• Innovation Strategist
• Research and Development Manager
• Technology Scouts
• Design Thinking Facilitator
• Open Innovation Manager
• Product Manager
• Innovation Consultant
• Innovation and Growth Planning
• Innovation and Product Management
• Digital Marketing Manager
• Administrative Assistant
• Event Manager
• Creative Specialist
• Assistant Project Manager
• Chief Innovation Officer
• Social Media Manager
• Consultant
• Industry Analyst
• Operations Manager
• Marketing Manager
• Business Associate

The different job roles available abroad for innovation management are:

• Innovation Manager
• Business Management Consultant
• Customer Experience Manager
• Innovation Consultant
• Technology Innovation
• Innovation Project Manager
• Innovation Consultant
• Technology Consulting
• Product Developer
• Market Researcher
• Project Manager
• Technology Analyst
• Director of Innovations and Growth Planning
• Finance Manager
• Operations Manager
• General Manager
• Management Consultant
• Deputy Director of Research and Innovation
• Technology and Innovation Developer