Managing the Process of Innovation.

This article will focus on managing the process of innovation. The article will provide an overview of the main types of innovation found in organizations, including incremental and breakthrough innovation, the trajectory of innovation, barriers to innovation, and the history of private and public sector innovation. This overview will serve as a foundation for discussion of managing the innovation process. The issues associated with managing breakthrough innovation will be addressed. A case study of Boeing's formalized innovation program will be in included. The case study will provide an example of how a company can effectively manage the innovation process on an extremely large scale and the ways in which successful innovation creates competitive advantage in the marketplace.