The Theory of Inventive Problem Solving (TRIZ) is an important factor in helping organizations manage their way through the process of technical and technological innovation. TRIZ is regarded today as one of the most comprehensive, systematically organized invention knowledge. The TRIZ methodology has the following advantages over traditional innovation supporting methods such as acknowledged increase of creative productivity, rapid acceleration of the systematic search for inventive and innovative solutions, scientifically founded approach to forecasting evolution of technical systems, products and processes. The TRIZ handbook presents the classical and modern tools like actualized 40 invention principles, 12 double inventive principles for business and management, 76 standard solutions, catalogues of physical, chemical and geometrical effects, inventive algorithm ARIZ, anticipatory failure identification, patterns of technical evolution and others.This TRIZ handbook has been successfully used by more than 500 organizations such as ABB, BMW, Bosch, ContiTech, Daimler, Draeger, Hella, Henkel, HILTI, Liebherr, Mars, Miele, MTU Aero Engines, Bosch, Roche, Schaeffler, Voith, Volkswagen, ZF Sachs and many others.