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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Broad Categories of Innovation At the heart of the innovation spectrum lie two broad categories that encapsulate the range of strategies businesses can deploy: incremental innovation and radical (including disruptive) innovation.

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The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

Our existing organization needs to envisage a changing world full of disruption that calls for radical change. To meet different challenges, to be highly adaptive it needs to begin to organize around ecosystems to deliver on a vision that recognizes it has to be part of a greater collaborating network to thrive in this highly connected world.

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The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

Our existing organization needs to envisage a changing world full of disruption that calls for radical change. To meet different challenges, to be highly adaptive it needs to begin to organize around ecosystems to deliver on a vision that recognizes it has to be part of a greater collaborating network to thrive in this highly connected world.

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Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

As a result, we moved from initially offering solutions limited to the back-end of innovation (project portfolio management and Stage-Gate™ project governance), to the front-end of innovation, where collaborative and open innovation offered very efficient ways to feed the innovation pipeline with more innovative ideas and concepts.

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Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

As a result, we moved from initially offering solutions limited to the back-end of innovation (project portfolio management and Stage-Gate™ project governance), to the front-end of innovation, where collaborative and open innovation offered very efficient ways to feed the innovation pipeline with more innovative ideas and concepts.

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Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

They are quiet rightly suggesting “ with risks well-managed, companies can then use rapid experimentation and the techniques of agile development—an iterative process closely linked to customers and markets—to boost their chances of coming up with a truly profitable innovation portfolio”.

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Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

They are quiet rightly suggesting “ with risks well-managed, companies can then use rapid experimentation and the techniques of agile development—an iterative process closely linked to customers and markets—to boost their chances of coming up with a truly profitable innovation portfolio”.