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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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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

It requires a more deliberated approach, such as the lean startup process, design thinking or a combination thereof. It requires a more deliberated approach, such as the lean startup process, design thinking or a combination thereof. A well-suited way to govern this approach is to manage a portfolio of initiatives.

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Digital Technology MoshPit

Gregg Fraley

The MoshPit system seeks to find combinations of concepts that lead to innovation. Digital technology holds promise to improve, or radically innovate, many areas of an organizational value chain. This shaping of vague ideas into resource-worthy innovation projects is the final step of the MoshPit process.

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Balancing Innovation via Organizational Ambidexterity – Part 3

Integrative Innovation

The success of innovations should be measured by paying customers who re-finance direct investments made into the realization of these innovations as well as investments into the foundation that enabled them (research, systems / tools, manufacturing processes and equipment, etc.).

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The Case for Dual Innovation

Tim Kastelle

Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. Source: Accenture.

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The core principles of Leading FOR Innovation

Cris Beswick

By dedicating 70% of resources to core innovation (Horizon 1) (aka continuous improvement, aka incremental innovation), 20% to adjacent innovation (Horizon 2) (aka differentiated innovation), and 10% to transformational innovation (Horizon 3) (aka disruptive or radical innovation), organisations can ensure a balanced portfolio approach.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

It requires a more deliberated approach, such as the lean startup process, design thinking or a combination thereof. It requires a more deliberated approach, such as the lean startup process, design thinking or a combination thereof. We can see that experimentation comes in different flavors, depending on the innovation context.