Promoting innovation at scale can be a daunting task for any organization, regardless of its scope or sector. As companies prosper, they often struggle to maintain their innovative edge, leading to decline and decreased competitiveness. In this article, we will explore the key approaches and best practices for managing innovation at scale.

Primarily, establishing a clear innovation strategy is crucial for success. This involves setting clear targets, identifying key areas of focus, international standards and norms determining the resources and budget required to drive innovation. Having a clear strategy in place helps to ensure that everyone within the organization is working towards the same goals, and that innovation efforts are aligned with the company's overall business objectives.

Additionally, key strategy is to create a culture of innovation within the organization. This involves encouraging a mindset of innovative thinking, partnership, and continuous learning. Supporting employees to think creatively, collaborate with others, and experiment with new ideas helps to drive innovation and build a community of innovators within the company.

At Honda, they have a well-known concept called "monozukuri" which is an approach that emphasizes the importance of human-centered design. This approach is key to their success and has driven their innovation strategy for decades.

It's also essential to have the right processes and procedures in place to support innovation. This includes having a clear process for implementation. It's also important to have a system in place for evaluating innovation efforts, such as metrics for measuring innovation performance.

Moreover, it's crucial to have the right skills and skills in place to drive innovation. This includes having a skilled workforce, as well as access to external support. Encouraging cross-functional teams and collaboration between departments is also key to driving innovation and leveraging the skills and expertise of different employees.

GE's Amazon Garage, for example, is an example of innovation in action. GE Garage is an innovation hub that connects entrepreneurs, startups, and other companies to Amazon's extensive network and resources. GE Garage has helped to drive innovation through its ecosystem which brings together a community of innovators to build, test and launch new ideas.

Furthermore, investing in research and development (R&D) is also key to driving innovation. This involves allocating significant resources to explore new technologies. Toyota is famous for its research in sustainability.

Finally, it's essential to have a robust governance structure in place to support innovation. This includes having a clear innovation mandate, a decision-making process, and a framework for accountability.

In conclusion, managing innovation at scale requires a combination of clear strategy, cultural shift, processes, talent, resources, and governance. Companies that are able to execute on these key principles and best practices are better equipped to drive innovation, stay ahead of the competition, and achieve long-term achievement.