In "Know Context" we study the context -- the circumstances or events that affect the environment in which our innovation offerings (products, services, experiences, brands etc.) exist or could exist. We study how our offerings perform in the market. We focus on offerings that are similar to ours and see how they perform. We study our organization. We look at all the competitors and their evolving strategies. We learn about our organization's relationship to our complementors in the industry. We find out if government policies and regulations have an effect on our innovation topic. Broadly, in this mode, we pay attention to what is transforming our innovation context including society, environment, industry, technology, business, culture, politics, and economics.