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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. In this guide, we’re unpacking eight critical types of innovation that businesses leverage to carve out their niches, disrupt markets, and write their success stories.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Another example is the recently introduced strategy framework by Martin Reeves, Knut Haanæs, and Janmejaya Sinha from BCG. Here, dedicated strategies and innovation approaches are defined for different business environments, characterized by the factors predictability, malleability and harshness (see figure below).

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Scaling-Up: Crossing the Internal Chasm in Corporate Innovation

Integrative Innovation

The race is on for companies to find big, explorative or even “disruptive” innovation ideas. Disrupt yourself or someone else will’, it has been said. Hackathons’ or comparable formats are used to bring together external ideators with internal experts for drumming out disruptive ideas. Facing the organization-internal chasm.

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Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

What is really important, however, is that the newly acquired skills also become an integral part of the corporation and penetrate into existing organizational structures through Lean Change experiments and viral infection. Trend 2: Duality of the Digital Innovation Unit Scene: Incremental vs. Radical / Disruptive.

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How to Avoid Innovation Theater: The Six Decisions To Make Before Establishing an Innovation Outpost

Corporate Innovation

These corporate Innovation Outposts monitor Silicon Valley for new innovative technologies and/or companies (as emerging threats or potential tools for disruption) and then take advantage of these innovations by creating new products or investing in startups. In other words the disruption is expected to happen within 5+ years.

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How to Avoid Innovation Theater: The Six Decisions To Make Before Establishing an Innovation Outpost

Corporate Innovation

These corporate Innovation Outposts monitor Silicon Valley for new innovative technologies and/or companies (as emerging threats or potential tools for disruption) and then take advantage of these innovations by creating new products or investing in startups. In other words the disruption is expected to happen within 5+ years.

How To 67
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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Another example is the recently introduced strategy framework by Martin Reeves, Knut Haanæs, and Janmejaya Sinha from BCG. Here, dedicated strategies and innovation approaches are defined for different business environments, characterized by the factors predictability, malleability and harshness (see figure below).