The first of three discussions of innovation management looks at innovation from the business perspective. Topics covered include defining innovation; value of innovation; seven sources for innovative opportunity; 10 principles for managing intellectual capital; five business processes (road mapping, scanning, collaborating, sparking, and shepherding); Gartner's five categories of emerging innovation managed products (idea, innovation life- cycle, product development, environmental innovation, and 'outside- the-box innovation management); and five requirements for innovation in an organization (consciousness, multiplicity, connectivity, accessibility, and consistency). One author indicates that there are two stages to the innovation process: upstream and downstream, and that within them there are five or more business processes that are basic to innovation management. Idea management creates a mechanism for processing ideas in a structured way, and innovation life-cycle management technology tries to coordinate the whole innovation life cycle from the concept stage to rewarding of each innovator or each innovation workgroup. Product development management technology bolsters the realization of a product or service deliverable after an idea has been chosen to be commercialized. The primary purpose of the technology is to assist in management of the product development life cycle from design to release. Environmental innovation management supports scanning through monitoring of the environment for innovation indicators, and outside-the-box innovation management tools support the process of creative thinking.