article thumbnail

At the digital transformation and innovation crossroads

Jeffrey Phillips

Business models, channels, data and experiences So where does innovation and digital transformation meet? The problem with innovation to date has been a fixation on product innovation, constantly updating or inventing new products, but with little exploration beyond the product.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Dr. Soo Beng Khoh

Innovation 360 Group

Dr Khoh’s technical expertise include real-time embedded systems, IoT, automotive Controller Area Network (CAN) bus, fieldbuses, digital dashboards, IT, knowledge management, Six Sigma improvement methodologies & tools, product design & development, design thinking and innovation. Internet-of-Things (IoT).

article thumbnail

Soo Beng Khoh , PhD

Innovation 360

Dr Khoh’s technical expertise include real-time embedded systems, IoT, automotive Controller Area Network (CAN) bus, fieldbuses, digital dashboards, IT, knowledge management, Six Sigma improvement methodologies & tools, product design & development, design thinking and innovation. Internet-of-Things (IoT).

article thumbnail

Business model innovation: a core capability for disrupting your industry

hackerearth

How innovations in the business model create competitive advantage. Business model innovation is more challenging than process or product innovation. Business model innovation doesn’t necessarily mean creating a completely new model for your business. How did Tesla innovate? Source: The New Climate Economy.

article thumbnail

What is process innovation and why it can transform your business

hackerearth

There are three types of innovation: product innovation, process innovation, and business model innovation.A process innovation is crucial for product innovation, and it facilitates business model innovation, especially with the changes that rapid digitization is bringing with it.