ISO 56003:2019 is an international standard published by the International Organization for Standardization (ISO) that provides guidance on innovation management.

This standard is designed to help organizations of all sizes and industries develop, implement, and manage effective innovation management systems. It highlights the importance of innovation and provides guidance on the processes and tools necessary to successfully manage innovation.

ISO 56003:2019 is based on the principles of innovation management, which is the process of managing an organization's innovation activities. This includes activities such as developing new products or services, improving existing ones, and creating new business opportunities. The standard focuses on the roles of management, staff, and other stakeholders in innovation management and how to effectively use resources to achieve desired results. It also outlines the importance of monitoring and measuring innovation performance and provides guidance on how to develop a culture of innovation.

The standard provides guidance on how to identify and prioritize innovation opportunities, create and manage an innovation portfolio, and measure and monitor innovation performance. It also outlines the importance of communication and collaboration within an organization to ensure the success of innovation initiatives. The standard also provides guidance on how to develop and implement an innovation strategy, select and implement innovation tools and techniques, create an innovation-friendly environment, and evaluate and optimize innovation performance.

ISO 56003:2019 provides organizations with a framework to effectively manage their innovation activities. It provides guidance on how to identify and prioritize innovation opportunities, develop and implement an innovation strategy, select and implement appropriate tools and techniques, create an innovation-friendly environment, and measure and monitor innovation performance.

By following the standards laid out in the standard, organizations can ensure their innovation initiatives are successful and create a culture of innovation within their organization.