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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Innovation isn’t just about the next big idea; it’s a multifaceted strategy that businesses employ to navigate through the twists and turns of today’s dynamic markets. Whether it’s tweaking a product to perfection or revolutionizing an industry standard, innovation comes in many flavors.

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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. A well-suited way to govern this approach is to manage a portfolio of initiatives.

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Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

It is all about the fit of innovation and the tensions between the design, function, structure, and process needs to manage innovation management. We relate this specifically within our Executive Innovation Work Mat. The ability to manage innovation design, function, structure and process.

Design 130
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The power of agile innovation

Wazoku

Google understands that an innovator wants to see his/her idea all the way through to completion. Incremental innovation over radical innovation. There is a growing trend across businesses towards rapid, low-risk innovations. Innovation agility enables reduced times to market.

Agile 49
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So Where Is Innovation Heading?

Paul Hobcraft

There are significant shifts underway towards digital innovation in R&D and new-product development. Of course, this shift requires really big changes in strategy, operations, the organization and in each individuals orientation. The road you take will decide where innovation is heading for you.

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I keep arguing we all need to seek out innovation alignment

Paul Hobcraft

All too often strategy is not influencing the behaviours and outcomes around innovation, it is simply allowing them to be left to chance. Innovation is being ‘pushed down’ the organisation for others to interpret and offer their answers. This requires senior management attention because of the significant organisational impact.

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Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

Combatting uncertainty demands innovative ideas. Historically, FS organizations have been challenged by FinTechs and other upstarts, and have managed to survive, but not necessarily thrive. Often agile development initiatives are not ‘agile’ at all. The importance of radical innovation. Readiness for Change?