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Building Capacity for Breakthrough Innovation

Innov8rs

They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks. It contrasts sharply with incremental innovation, which refers to minor improvements or upgrades to existing offerings. Radical innovation is full of surprises.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

For companies, embracing incremental innovation means fostering a culture of continuous improvement where even the smallest changes are valued for their cumulative impact over time. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.

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Seeking fresh winds and new directions

Paul Hobcraft

When you feel the force of change running through the organization, you tend to have that same sensation, to resist the force with all your energy. Ignoring the power of choice within change is dangerous. Context is the vital ingredient often never told for innovation. Constructing a climate for any transformation is hard.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

This requires companies to proactively or reactively innovate their business models in order to remain competitive. In either case, companies are frequently forced to reinvent themselves by changing the way they have been doing business so far.

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What is innovation, and how can it benefit your company?

mjvinnovation

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. In summary, innovation is always a big challenge – it needs to be understood, first, and foremost.

Company 40
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The Case for Dual Innovation

Tim Kastelle

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years ago. 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.

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Striving for the innovation balance: between exploring and exploiting.

Paul Hobcraft

Somehow we need to respond in more agile, fluid and adaptive ways. Many try to separate them, often hiving off the more radical innovation development part to protect it from being overwhelmed by the often overbearing focus on the short-term and exploitation.