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2.3. Managing innovation: a matter of time

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An innovation process can easily be represented as a sequence of steps, each with its own duration and rhythm. Innovation management seeks to reduce this time, while reducing costs and improving the chances of success. We talk about time-to-market or innovation races. As a result, management practices for R&D teams and project management have been developed to accelerate the production of innovation, such as open innovation, concurrent engineering or Scrum practices (Burger-Helmchen and Raedersdorf 2018). It is also the time of the decision that forces the standardization of points of view in companies.

Innovation Economics, Engineering and Management Handbook 1

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