Leading high tech companies (such as Amazon and Google) are achieving a new standard of performance, combining operational excellence and innovation simultaneously. Established companies (such as GE and IBM) are introducing innovation into their traditional management approaches to similarly achieve growth and cost reduction. We apply the lens of process management to examine the operating model which makes this possible, and introduce a number of topics covered in our course: What is continuous innovation? How to structure experiments? How to create an environment for innovation?