| Summary: | This textbook, consisting of two volumes, brings innovation management closer to the practices of new product development. To this purpose, it presents concepts of innovation management, and processes, methods and tools for product development, particularly aiming at engineers and engineering students; it is also relevant to those in other studies, such as business and management to better understand the actual conversion from ideas and inventions into commercialization. Volume I covers the basic concepts for innovation management and new product development. It starts by looking at what innovations are, what the innovation funnel is, and what the relevance of business models means for innovation management. The second chapter presents processes, methods, and tools for new product and service development, including value engineering and the controlled convergence method; it also contains a reference model for design and engineering. The third chapter considers product life-cycle management, technology cycles, and strategic tools for innovation. The fourth chapter extends sources of innovation to the multiple actors that firms engage with and the fifth chapter about how to collaborate with these. The sixth chapter about project management concludes this volume. Volume II extends the concepts of the first volume. It pays attention to the role of intellectual property, particularly patents, national innovation systems, lean product development, open innovation, living labs, crowdsourcing, and sustainability. It concludes with a chapter offering a holistic view about how innovation management can be embedded in companies, and an epilogue highlighting the importance of systems thinking for innovation management.
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