Incremental or Radical Innovation?

IdeaScale

Is incremental or disruptive innovation better? In your approach to innovation, you should weigh them both. What Is Disruptive Innovation? Disruptive” boils down to a drastic shift in how your business or your entire industry changes. Think, for example, of how the Toyota Prius suddenly changed how we talked about ecology, or how Amazon is changing retail as you read this. That said, disruptive innovation is a gamble. Innovation begets innovation.

Eight Ways to Adopt Radical Innovation

Tullio Siragusa

Eight Ways to Adopt Radical Innovation. At the heart of true innovation, however, is the need to continually birth new ideas, and new ways of doing things. What about innovation, how does it get applied if the focus is on best practices? Doing things great is what turns ordinary companies into innovative leaders, who shape markets, and sometimes create completely new market opportunities.”. Radical Innovation. That’s the mindset of an innovator.

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Eight Ways to Adopt Radical Innovation

Tullio Siragusa

Eight Ways to Adopt Radical Innovation. At the heart of true innovation, however, is the need to continually birth new ideas, and new ways of doing things. What about innovation, how does it get applied if the focus is on best practices? Doing things great is what turns ordinary companies into innovative leaders, who shape markets, and sometimes create completely new market opportunities.”. Radical Innovation. That’s the mindset of an innovator.

Lay the foundations and think in the long term (as a radical innovator would do)

ideas4allinnovation

You won’t be more innovative simply by being more disruptive, and you won’t necessarily be ahead of your time, either. To be a great innovator, according to this article published by Forbes, you must first lay the foundations that will allow you to envisage the changes the future will demand of you. That is how a radical innovator would behave, as opposed to a disruptive one, according to Daniel Newman, author of the article.

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. Our existing organization needs to envisage a changing world full of disruption that calls for radical change. It ‘upends’ much, if not all, of how our business organizations have been organized around, mostly within themselves needing radical change.

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. Our existing organization needs to envisage a changing world full of disruption that calls for radical change. It ‘upends’ much, if not all, of how our business organizations have been organized around, mostly within themselves, it is needing radical change.

Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

In a recent report called “ Radical Innovation and Growth: Global Board Survey 2016 ” (link opens the pdf) we have results from a survey jointly conducted by Deloitte Denmark and Board Network – The Danish Professional Directors Association, that opens up much that can concern us about the current boardroom and its great difficulty with managing more radical innovation. A lack of understanding innovation in all its forms is coming back to haunt them.

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

Are we playing snakes and ladders with innovation?

Paul Hobcraft

Originally from India the game is a simple race contest based on sheer luck and I am beginning to wonder if we are playing a new version of this with innovation? It just all depends on our luck in rolling the dice, a serendipity with a darker twist that many companies seem to be playing with their innovation capability building. The game came to mind as I read through a recent survey on Innovation. Have we this same luxury with the management and building of innovation?

Survey 100

Managing Change Despite Uncertainty

Innovation 360 Group

Innovation360 has identified are three levels of change management essential for creating a culture of innovation. The second recognizes all of the organization’s internal forces, including preparing and motivating stakeholders to handle the reality of radical innovation. The third is concerned with micro-level of developing stronger innovation skills within project teams. In the final analysis, all change is about people – not technology and not market value.

PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Are you confident in your strategic thinking, and your organization’s internal innovation competencies and skills? Understanding your external context and the global key drivers impacting your organization prepare you for change. Innovation 360 has used this framework in many assignments. PESTLED illuminates current influences, but more importantly, it alerts you to rapidly approaching changes and market dynamics across industries.

Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

In this blog post we talk about receptivity to change in Financial Services and some thoughts on how to move forward. Going forward, our customers and other stakeholders will be more receptive to change in how we engage with them and what we offer. A new reality has emerged, where needs will have changed dramatically, while others will be more incremental. Dealing with uncertainty demands innovative ideas. Combatting uncertainty demands innovative ideas.

Successful Innovators Apply Multiple Leadership Styles Simultaneously

Innovation 360 Group

While much has been written on choosing the most promising innovation project and helping it succeed in the market after implementation, one crucial step in the middle hasn’t received enough attention: how to actually get the job done and done well. Leadership styles are critical to innovation efforts, especially when working with uncertainty. Radical Innovators more adaptive. Horizon 1 refers to innovations around the core business and related investment areas.

Official Launch of the PESTLED360

Innovation 360 Group

Welcome to the Innovation 360 presentation of the world’s first collaborative, data-driven artificial intelligence-driven method and tool for collecting, analyzing, and nailing down what you need to know now and in the future. The access to the too require the IMGB Innovation Management Green Belt or higher, read more about our accreditation programs here. Understanding the external context and the global key drivers prepare you for change.

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Why radical and disruptive innovation might not always be the answer

Ideanote

Surely, in a time where terms like incremental and sustaining innovations are seen in a negative light, who would glorify them? Isn’t there a risk of next radical or disruptive innovation blindsiding the […]. Innovation change management disruptive innovation incremental innovation radical innovationI was looking through the Freakonomics podcast episode list the other day, and one title really worked me up.

How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. The fastest growing companies interpret innovation through multiple lenses. Horizon Two (H2) is your adjacent business arena where innovation is driven by new uses of existing technology and ideas. Linking innovation horizons to time (e.g., Top innovators have a systematic process for bucketing them by their level of uncertainty.

How much is innovation costing your organization?

Innovation 360 Group

Recapture your innovation investments. Three actions you can take to improve your innovation ROI. Too many companies see ‘innovation’ as something abstract from solving real problems and creating real value. As a result, too much time and investment is spent on efforts at the periphery that have no link to value—and the opportunity to create true change within the companies is missed, once again.” (Accenture, Discover Where Value’s Hiding, 2018).

Innovation and Organizational Culture

Integrative Innovation

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. The system is rooted in experimentation, and, like all adaptive systems, it evolves over time as the external environment and internal needs change. Adaptability and innovation culture. Innovation.

Digital Transformation Combines Customer Experience and Operational Efficiency

Integrative Innovation

Becoming ‘future-ready’ requires changing the enterprise on two dimensions – customer experience and operational efficiency. Pathway 4 – building a new enterprise – makes sense when you can’t see a way to change the culture or the customer experience and operations fast enough to survive. In 2015 and 2017, research by Peter Weill and Stephanie L.

Why radical and disruptive innovation might not always be the answer

Ideanote

Surely , in a time where terms like sustaining and incremental innovation have a negative light, who would glorify them ? Isn’t there a risk of next radical or disruptive innovation blindsiding the company, potentially bankrupting the organization ? . Change doesn’t happen overnight. Big changes don’t happen overnight. Think about Innovation methods like a lean startup and design thinking. Then, the company develops the innovation for this market.

Four Models of Intrapreneurship Innovation

Integrative Innovation

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. Is it geared towards nurturing companywide cultural change, reshaping a particular business division or exploring cross-company, occasionally even disruptive, opportunities.

Distinct Approaches to Business Model Innovation

Integrative Innovation

Business model innovation (BMI) is becoming ever more important as it turns out increasingly difficult for companies to differentiate based on products and services alone. New business models are difficult for competitors to copy, not only because it takes considerable time and effort to build a new business model and simultaneously change several elements of an existing one, respectively. Directions of impact for business model innovation. (amended, 2015-05-03).

Seeking fresh winds and new directions

Paul Hobcraft

When you feel the force of change running through the organization, you tend to have that same sensation, to resist the force with all your energy. Ignoring the power of choice within change is dangerous. When an organization decides to change its culture, set about constructing a different climate or environment so innovation can thrive. Context is the vital ingredient often never told for innovation. What should the mantra be for innovation?

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Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

Infront Consulting and business magazine Capital recently published their second joint annual study (in German) on the Digital Innovation Unit landscape in Germany. The study authors differentiate between three types of Digital Innovation Units : Innovation Lab : Bundling of company-internal resources in one or more interdisciplinary. teams for repeated identification and prototyping of digital innovations. Recommendartions for action: Innovation Labs.

Scaling Up Startups in Corporate Settings

Integrative Innovation

outsourcing’ uncertainty, particularly in early phases of radical/disruptive innovation activities. Those tools are often organized as independent units or activities within the corporation or are ideally embedded in a single unit dedicated to explorative innovation altogether along with internal ventures. However, startup engagement is also increasingly used for tapping into entirely new markets or technologies as well as spotting disruptive innovation opportunities.

Modern Dual Corporate Innovation Balances Defense with Offense

Integrative Innovation

Modern Dual Corporate Innovation Management approaches encompass two complementary directions of impact : Transforming the Core (by largely changing or even disrupting the existing operating model). Creating the New (by largely changing or even disrupting the existing business model). With more and more established companies facing disruptive threats and opportunities, deliberate process and operating model innovation proves to be a major source of competitive advantage.

Organizational Models for Breakthrough Innovation

Integrative Innovation

As we have suggested earlier, innovation activities that are radical or disruptive in nature, should be separated from incremental innovation around a company’s established core business. The main reasons are: Required capabilities, structures, approaches, success metrics and culture for radical/disruptive innovation are highly incompatible with those required for incremental innovation.

Innovation Success Requires Integrated Approaches

Integrative Innovation

Interestingly, it looks like others support the idea of balancing and combining elements of both innovation approaches, too. Anthony : “Good enough” is a great way to start the innovation journey because it enables learning in the most important laboratory of all – the marketplace. Eventually, innovation success depends on whether a novel offering creates enough value for customers to pay for it. The innovation process aims at matching problems/needs and solutions.

Scaling-Up: The Foundation

Integrative Innovation

The – in the truest sense of words – ‘billion-dollar-question’ we are addressing is: How can companies generate more business impact from non-incremental innovation? The solution to this question lies in the middle part of an end-to-end process for non-incremental innovation. In Dual Innovation, this Playing Field has its own, dedicated operating model, just like the explorative and the exploitative innovation domain.

Connecting innovating value comes from Ecosystem thinking

Paul Hobcraft

We are witnessing a very radical change, driven by technology, increasingly disrupting and breaking down past traditional boundaries, partly built to defend positions so as to achieve economic scale. The innovative design has become paramount to these new offerings.

So Where Is Innovation Heading?

Paul Hobcraft

I have written a fair amount about the new innovation era, offering a view on its future design. One that is jumping to a fresh cycle of innovative design. 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.

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How Human Resources Can Drive Innovation?

Ankush Chopra

If you ask someone the question “which function drives innovation in a company?”, But as you start digging deeper, additional responses will be Marketing, Supply Chain, Engineering, and Information Technology drive innovation. But HR has a massive impact on innovation – much more than people realize. So let’s understand how Human Resources can drive innovation? The post How Human Resources Can Drive Innovation?

We are searching for new pathways

Paul Hobcraft

Ecosystems and Platforms are our pathways to a new innovation future. Ecosystems have suddenly become of age, as they can be formed around common concepts fairly rapidly, they can enable cross-cutting innovation to be delivered in highly collaborative ways. need to change our mindsets.

Exploring. That’s what Intrapreneurs do

The Future Shapers

The good news is those digital technologies, with their tremendous innovation power and exponential pace of change, open up huge opportunities for any business to reinvent itself. In this context, there is a need for radical business innovation. On the other hand, Radical business innovations have no revenue, no margins, no existing business line and no proven business models — One of the biggest obsessions is to figure out how to find them.

The Ten Types of Innovation

Destination Innovation

How many types of innovation are there? The simplest way to categorize innovation is into two forms – incremental and radical. Incremental innovation is an improvement in an existing thing (e.g. Radical innovation is finding an entirely new way of doing something. For example if you had been making spectacles in the 1950s then plastic lenses instead of glass lenses would have been an incremental innovation. Everything can be innovated.

Choosing your direction of travel

Paul Hobcraft

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.” Blockbusters seem a thing of the past but perhaps they don’t need to be with a very different innovative approach. Can this change?

Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

Are we seeing a change in mentality within large organisations towards encouraging individuals to ‘break out and become more intrapreneurial within their part of the business?’ It is tapping into an internal need for everyone involved, to innovate in different and more radical ways. Those that fear change and those that feel threatened, jealous or protective of their turf being trampled on. To ensure the team has degrees of freedom to create, design and innovate.

Agile 122

Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

Are we seeing a change in mentality within large organisations towards encouraging individuals to ‘break out and become more intrapreneurial within their part of the business?’ It is tapping into an internal need for everyone involved, to innovate in different and more radical ways. Those that fear change and those that feel threatened, jealous or protective of their turf being trampled on. To ensure the team has degrees of freedom to create, design and innovate.

Agile 122

Lessons from the master of war: Antibodies, Part 3 of 6.

Innovation 360 Group

Even then, the information may be wrong, out-of-date, or may have changed as a result of your intelligence operation. This is the path of a flexible, agile, intelligent innovator. Test radical ideas and be ready to fail. In our own research on radical versus incremental innovators, mentioned in episode one, we found that radical innovators are more structured and there’s one very good reason for that.

Innovation and Organizational Culture

Tim Kastelle

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. The system is rooted in experimentation, and, like all adaptive systems, it evolves over time as the external environment and internal needs change. Adaptability and innovation culture. Innovation.

Trends in Innovation Leaders: Greater Risk and Big Bets

InnovationManagement

The latest Innovation Leaders research shows that there is an increasingly number of high-growth companies that are prepared to take greater risk and make big bets. Rather than focus just on incremental growth, they are being bolder and are seeking to develop more radical innovation opportunities. Where and why is this happening and what has changed that has made this approach more common?

Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

Lessons are learned, and changes are made to constantly improve the sales process. The pipeline of innovation projects for new and improved products and services is also strategically vital for the business but typically it is not treated with the same attention or importance. Is there a customer need for each innovation? What will this innovation compete with? We can then evaluate the total projected impact of our innovation pipeline.

The Many Types of Innovation

Destination Innovation

The simplest way to categorize innovation is into two types – incremental and radical. Incremental innovation is an improvement in an existing thing (e.g. Radical innovation is finding an entirely new way of doing something. For example if you had been making spectacles in the 1950s then plastic lenses instead of glass lenses would have been an incremental innovation. Contact lenses or laser eye surgery would have been radical innovations.