This standard is applicable to all countries and any type of organization, startup or
established for developing an Innovation Management System (business, government,
non-profits, sports and entertainment, etc.). It is applicable to the development of new
products, services and processes. Organizations can assess their innovation maturity to
the standards requirements and systematically adopt the six elements of the standard to
develop their own unique Innovation Management System. In general, every
organization will have to adopt its own selection of underlying components. The
standard provides the criteria necessary for individual learning, knowledge and
management of a business model innovation framework and innovation projects.
Innovation objectives and subsequent projects may include creating new or improving
existing technologies, products, services and processes. Companion documents such as
Assessment Checklist, Guidelines and Reference Publications are available to support
this standard and assist the end user in developing and implementing an Innovation
Management System (IMS).