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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

The following six key types of innovation in business each serves a distinct purpose, together comprising a comprehensive innovation strategy that touches upon different aspects of business operations and market positioning. Discover how Qmarkets innovation management software can transform your organization’s innovation program.

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What Is Business Intelligence?

Collective Innovation

This may involve the use of Business Intellignce (BI) software. Focus groups are also an important avenue to have an open conversation about new products, brand perception and advertising. Product Innovation : Creates a difference with an existing product line and existing market, usually through features.

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