Remove Agile Remove LEAN Remove Management Remove Radical Innovation
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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Radical & Disruptive Innovation On the flip side, radical and disruptive innovation challenges the status quo by introducing new concepts, products, or models that shift market dynamics. 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

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Tip: Tim Kastelle has posted a worthwhile series on how to implement lean startup for innovation initiatives.

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So Where Is Innovation Heading?

Paul Hobcraft

Digital is demanding so much in new processes that need to be more agile, responsive, reflective of new insights at increased speed and fluid in the design of those undertaking the solution to react. This agility needs the tools of testing, feedback, and adaptation to accelerate the innovation process.

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15 most important Innovation Theories your company should be using

Idea to Value

The important aspect of the theory which most discussions ignore though is that while it is happening, management at the established companies think they’re making the right decision to let the new companies take over the low-end of the market. 10 – Open Innovation, Crowdsourcing and Idea Management.

Company 248
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Innovation Success Requires Integrated Approaches

Integrative Innovation

The resonance to my recent post on integrating Lean Startup and Design Thinking features to a combined process has been stunning. Interestingly, it looks like others support the idea of balancing and combining elements of both innovation approaches, too. It really seems to have hit a nerve! The lack of intent makes it easy to get lost.

LEAN 96
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Balancing Large and Small Firm Capabilities

Integrative Innovation

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model. .

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The Case for Dual Innovation

Tim Kastelle

Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Accenture: 2015 US Innovation Survey. Source: Accenture.