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Spotting Innovation Opportunities

ITONICS

A strategic innovation field, let’s call it “ opportunity space ”, can be found by connecting all the dots between bits of diverse information you already know and put them together in a way that breaks a pattern. So why is it so very important to take this upstream step in the innovation process?

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When innovation led to a reversal of fortunes

hackerearth

The company found a low-risk, high-reward “around the box” innovation strategy, one that is well-informed. The company focused on this third approach, one of producing low-risk innovations revolving around its core product. The LEGO movie is a successful example of this strategy. Then 3DS was released in 2011.