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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. Value Innovation.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Razors have undergone incremental innovations over time Source: The Hustle Incremental innovations may not make headlines, but they’re the steady pulses that keep businesses competitive and responsive to market demands.

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Evolution of Hyperloop: Propelling innovation the Elon Musk way

hackerearth

The aim was to understand how Musk makes these radical innovations possible and how exactly he propels innovation. The company has been formed completely by collaboration and crowdsourcing the collective knowledge of 600 engineers around the world through the JumpStart Inc. This is not the first time he has done it.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

The power of discontinuous innovation lies in its ability to transform not just business operations but also market landscapes, offering immense opportunities for companies that dare to lead the charge. This concept, often used interchangeably with radical and disruptive innovation, has nuances worth understanding.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

It is equally holding a new form of innovation back, one that is highly collaborative where partners come together to work on more complex problems. Collaborators can achieve solutions only by being “fully” connected up, comfortable with their data, understanding and contribution, both within their knowledge and insights.

Industry 213
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The core principles of Leading FOR Innovation

Cris Beswick

Leaders who champion innovation understand its role in driving competitive advantage, increasing market share, and, often, creating entirely new markets. The ultimate manifestation of this is to figure out how to disrupt yourself inside the safety of an innovation process before a competitor (existing or new) does it for you.

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

Innovation 360 Group

Welcome to PESTLED360, the world’s first collaborative, data and artificial intelligence-driven methodology for collecting, analyzing, and nailing down what you need to know about your organization now and in the future. This could for instance be future competitors or collaborators and the force could be competition from new entrants.