This document defines terms for and establishes the fundamental concepts and principles of innovation management. This document is applicable to: a) all types of organizations, regardless of type, sector, maturity-level or size; b) all types of innovations (e.g. product, service, process, model, method); c) all forms of innovation (e.g. incremental to radical, disruptive); d) all types of approaches (e.g. internal and open innovation, user-, market-, design- and technology-driven innovation activities).