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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Radical & Disruptive Innovation On the flip side, radical and disruptive innovation challenges the status quo by introducing new concepts, products, or models that shift market dynamics. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Much of the innovation discovery journey is a disappointing one. Resources constantly “churn” and get depleted, waiting for others to be brought up to speed. Those not involved directly within the innovation project constantly remain skeptical or require more proof. A hunch or insight becomes a dead end. Now that is shocking!

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

This concept, often used interchangeably with radical and disruptive innovation, has nuances worth understanding. Defining Discontinuous Innovation Discontinuous innovation introduces significant technological leaps or entirely new business models , much like radical innovation.

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Mitigating risk with a balanced innovation portfolio

Innovation 360 Group

Assume that you have a number of projects that you want to execute, and you have a number of resources that can be used to execute them (resources such as innovation managers, or programmers). If the resources can be organized so all projects can be optimally executed without any interdependencies (i.e., Interdependency.

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How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

People think that ideation and an ideation platform are the keys to solving their growth issues. While having a rich ideation capability and tools in place are important, they are only part of the solution. A robust methodology enabled by an ideation platform is essential if you want to increase your speed to market.

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Four reasons why corporate startups fail (and how yours can be succesful)

whataventure

For corporates, radical innovations are, in most cases, a nice-to-have or the cherry on top of the cake. Rarely innovation projects are being prioritized over the daily business. In the case of MOBIKO, they have understood soon enough that they would lose a lot of time and resources by holding onto the AUDI AG structures.

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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Operational Strategic Initiatives (those initiatives that need to be executed now) are prioritized by using Impact-Feasibility mapping, making sure to optimize resource usage. This is what we call incremental innovation. Incremental and radical innovations can be anything from services and products to business models and processes.