ISO/AWI 56001 is a standard in development by the International Organization for Standardization (ISO) focusing on innovation management systems. “AWI” in the designation stands for “Approved Work Item,” indicating that the standard is currently being worked on.

Here’s an overview of what this standard entails:

1. Scope: The standard will likely define the requirements for establishing, implementing, maintaining, and continually improving an innovation management system within an organization.
2. Purpose: It aims to provide guidance to organizations seeking to enhance their innovation capabilities, manage innovation processes effectively, and ultimately drive successful innovation outcomes.
3. Key Components: The standard may include elements such as leadership commitment to innovation, the establishment of an innovation strategy aligned with organizational goals, fostering a culture of innovation, resource allocation for innovation activities, processes for idea generation, selection, and implementation, measurement and evaluation of innovation performance, and learning from innovation successes and failures.
4. Benefits: Implementing an innovation management system according to ISO/AWI 56001 can help organizations systematically identify opportunities for innovation, improve their ability to bring innovative products, services, or processes to market, enhance competitiveness, adapt to changing market conditions, and foster a culture that encourages creativity and continuous improvement.
5. Applicability: The standard is relevant to organizations of all sizes and sectors, whether they are in manufacturing, services, technology, healthcare, or any other industry where innovation is crucial for sustainable growth and success.

It’s essential to note that as of my last update, ISO/AWI 56001 was still under development, and its final form might include additional or revised elements. Organizations interested in implementing an innovation management system based on ISO standards should stay updated on the progress of ISO/AWI 56001 and consult the finalized version once it’s released.