article thumbnail

Why platforms and ecosystems matter for innovators

Jeffrey Phillips

I thought it would be interesting to take a step back and place the discussion of ecosystems and innovation in context by examining the history of innovation, to demonstrate why ecosystems and platforms become important as a market or industry matures, and why innovators must engage ecosystems and platforms as they compete in a market.

article thumbnail

8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Both incremental and radical innovations are essential to a balanced strategy, allowing businesses to maintain their competitive edge while also pursuing growth through market transformation. Understanding when and how to leverage each type is key to navigating the complex landscape of today’s business world.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Tip: Tim Kastelle has posted a worthwhile series on how to implement lean startup for innovation initiatives. Incremental innovation : Even in highly mature industries, such as automotive, experimentation gains ever more importance. A well-suited way to govern this approach is to manage a portfolio of initiatives.

article thumbnail

Questions about Innovation

InnovationTraining.org

Some examples of innovative ideas or approaches that have had a significant impact in different industries or sectors include: The development of the electric car, which has revolutionized the automotive industry and is helping to reduce our dependence on fossil fuels. What are the different types of innovation?

article thumbnail

Your Guide to Fueling Enterprise Innovation in the Transport Industry

Qmarkets

As we’ll see, some of the key trends promising to shape the automotive, aeronautical, and railway transport industries in the years ahead should provide exciting reading to organizations in those industries…but only if they act on them. And do your product innovations have a knock-on effect that requires new services to sit alongside them?

article thumbnail

Transport Innovation: Your Guide to Driving Industry Innovation

Qmarkets

As we’ll see, some of the key trends promising to shape the automotive, aeronautical, and railway transport industries in the years ahead should provide exciting reading to organizations in those industries…but only if they act on them. And do your product innovations have a knock-on effect that requires new services to sit alongside them?

article thumbnail

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Tip: Tim Kastelle has posted a worthwile series on how to implement lean startup for innovation initiatives. Incremental innovation : Even in highly mature industries, such as automotive, experimentation gains ever more importance. This suggests, this path to explorative innovation may be more appropriate for them.