An Innovation policy is important to any company that is willing to develop and to bring new solutions. It is through innovation that the companies can keep or reach a competitive advantage. the only way that innovation can be successful is if everyone commits to it.

Innovation policies will help companies to be more rigorous in allocating specific budget, ressources for technology watch, to develop new solution through a R&D plan, or to acquire new technological company. Innovation is everywhere not only in software or hardware application. A supply chain organization can innovate as well as long there is a mindset to find new way of doing things, optimizing process, etc…

Of course, any innovation strategy must begin with your customers. You need to ask your customers, “What are you trying to accomplish?” Then begin to find and put into place procedures and systems designed to meet those needs.