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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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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

The platform environment is mostly characterized by a tension between collaboration and competition of the participating companies, often referred to as coopetition. Culture of experimentation (and speed). Recently, experimentation in innovation management is particularly facilitated by intensified use of (rapid) prototyping.

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Seeking fresh winds and new directions

Paul Hobcraft

Our cultures are deep-rooted; we resist those winds blowing into us “full on,” well beyond being reasonable or smart enough to avoid them before they confront us. When an organization decides to change its culture, set about constructing a different climate or environment so innovation can thrive.

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

mjvinnovation

Incremental innovation: additional development and/or optimization of existing products, services, or models. Radical innovation: implementing completely new ideas into products, services, or business models. They have the most significant impact because new markets or customer needs may arise from this innovation; ?

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. Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . Source: Accenture.

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Balancing Innovation via Organizational Ambidexterity – Part 3

Integrative Innovation

As Geoffrey Moore [2] has pointed out, breakthrough innovations need to “cross the chasm” between the initial customers and the majority of the market. Actively managing the market introduction therefore increases significantly the likelihood of success for radical innovations.