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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

The following six key types of innovation in business each serves a distinct purpose, together comprising a comprehensive innovation strategy that touches upon different aspects of business operations and market positioning. Key principles of the TPS include just-in-time manufacturing and a strong focus on optimizing the workflow.

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What is innovation, and how can it benefit your company?

mjvinnovation

Disruptive innovation: innovations that shape new markets and disrupt established ones; they are often possible through new technologies, such as the car, which was disruptive for bus manufacturers 100 years ago. In many companies, process innovation is called a process of continuous improvement or idea management.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Incremental innovation : Even in highly mature industries, such as automotive, experimentation gains ever more importance. While stage-gate processes have traditionally been favored in predictable environments, a new generation of product innovation process is taking hold due to increased pressure: lean innovation.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Incremental innovation : Even in highly mature industries, such as automotive, experimentation gains ever more importance. While stage-gate processes have traditionally been favored in predictable environments, a new generation of product innovation process is taking hold due to increased pressure: lean innovation.