On seeing the coming of the time of knowledge economy and the drastic change of global environment, chasing innovation has become the key for the enterprise to survive and win. School organizations, like enterprise organizations, are facing high-competed environment and gradually losing the organizational characteristic of received maintenance. Combining the factors such as the reducing of educational funds, the promotion of teachers' professional autonomies, the respect to parents' options for education and the emphasis of effectiveness of schools, it is obvious that the school operation needs to be revolutionized and innovated to defeat the shock brought by the environment. The idea of innovation management not only helps the organization and its members to generate innovative knowledge, but also change the old management mode through the molding of creative environment and the building of innovative culture to bring into full play the management innovation of schools. Furthermore, it helps the innovation of school vision, administration, curriculum, instruction and accountability, which in turn promotes the effectiveness and competitive capacity of schools to sustain its status. Therefore this article, firstly, describes the definition of the innovation. Secondly, it analyzes the definition of innovation management, the mode of executive procedure, and the basic principle of the execution. Thirdly, it demonstrates the relationship between innovation management and school innovation. Lastly, this article proposes the strategies of launching innovation management and elevating effectiveness of school innovation management to make references for educational supervising institution and school staff members.