Innovation management is a critical component of business success in today's competitive environment. This article explores the key stages of the innovation process, including idea generation, research and development, implementation, and commercialization. It also examines the role of leadership, organizational culture, and technological advancements in fostering innovation. By effectively managing innovation, enterprises can achieve sustained growth and maintain a competitive advantage.

Innovation Management, Research and Development, Organizational Culture, Open Innovation, Leadership, Technological Advancements, Commercialization, Competitive Advantage

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