Innovation management is an amalgamation of change management and management of innovation process. It refers to organizational innovation, product and business process. It comprises set of tools that permit engineers and managers to cooperate with a mutual understanding of processes and goals. Moreover, it also allows the organization to respond to internal or external opportunities and use its creativity to introduce new processes, ideas and products. It is not regulated to research and development, it encompasses workers at each level in contributing productively to a company’s marketing, product development and manufacturing. The market is driven primarily due to the change in work culture in various organizations. Real innovations begins with the company’s culture. By using innovation management tools, the management of an organizations is likely to deploy and trigger the creative capabilities of the workforce for the continuous development of the company. Th...