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Has innovation changed over the last ten years?

Paul Hobcraft

Open innovation is the practice of sharing and using external and internal ideas to create value 2. From incremental to radical : Innovation used to be seen as an incremental process where organizations improved their existing products, services, or processes by making small changes. References 1.

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12 Types of Innovation You Should Know in 2021

IdeaScale

It can also refer to innovations that have a social purpose, such as distance learning and online volunteering. Process Innovation. Process innovation is the development and application of technology, production method, or method of delivery that’s newly introduced or improved to a notable degree.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

For companies, embracing incremental innovation means fostering a culture of continuous improvement where even the smallest changes are valued for their cumulative impact over time. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.

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So Where Is Innovation Heading?

Paul Hobcraft

We are in the middle of it, some of you may not have noticed its impact and change but it is significant on the understanding of innovation, in it’s future design. Often this era of change is not as well-recognized or being faced up to, as you would expect. So the need to innovate comes from digital as the source.

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The innovation spectrum and where to start

Wazoku

The innovation spectrum. Innovation is not one specific thing, it is a spectrum. It can start with small, incremental changes and expand to radical innovation, creating brand new solutions or disrupting an entire industry. How to move up the innovation spectrum? Incremental. On the contrary. Differentiated.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

Discontinuous innovation represents a seismic shift in how industries function and evolve. By definition, it refers to the introduction of groundbreaking products or services that fundamentally change market dynamics, often rendering existing solutions obsolete. Managing Resistance Resistance from within can derail innovative projects.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Those not involved directly within the innovation project constantly remain skeptical or require more proof. The status quo of the existing places an increasing drag on the forces of change. Both are I feel “painting” a realistic picture of where innovation does sit within organizations. Now that is shocking!

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