Describe the steps involved in the innovation planning process.

Write a 1,250- to 1,500-word paper on the innovation planning and design process addressed in Week Two. Include the following in your paper:

•   Analyze the internal and external factors related to designing innovation strategies. Describe how they relate to one another and to the overall innovation process.

•   Describe the factors involved in innovation systems design. Explain the importance of innovation systems.

•   Describe the steps involved in the innovation planning process.

Format your paper consistent with APA guidelines and incorporate at least four scholarly references in addition to your texts.