Remove Collaboration Remove Engagement Remove Innovation Processes Remove Radical Innovation
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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Radical & Disruptive Innovation On the flip side, radical and disruptive innovation challenges the status quo by introducing new concepts, products, or models that shift market dynamics. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We have to recognize the days of simple product innovation are dwindling. where technology, digital solutions, greater customer insights, where a new breed of designers, engineers, scientists, and software talent are combining built through a platform and new innovation ecosystems thinking, are all emerging. coming from industry 4.0

Industry 289
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So Where Is Innovation Heading?

Paul Hobcraft

Innovation has gone from being islands of knowledge, developing new products and services exclusive to that one company, then quickly copied by the competitors, into something radically different. Traditional methods and approaches to innovation are completely breaking down, hence my total belief we are in the new era of innovation.

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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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Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

Going forward, our customers and other stakeholders will be more receptive to change in how we engage with them and what we offer. It drives innovation to a transactional level and leads organizations to seek the perceived lower risk of acquiring new ideas vs developing them in house. The importance of radical innovation.

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Choosing your direction of travel

Paul Hobcraft

You do get tired of hearing “we are looking to become a value-creating solution provider”, yet the willingness to really create collaborative networks is still stuck in the “us and them” mentality. The thinking through on the contribution around innovation needs to be changed. We need to engage differently.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Now that is very disappointing but what do we expect from innovation? In one final quote from this article: “when boards seem to have a “widespread lack of board-level engagement in innovation processes (that) could be a major blind spot and a potential liability”. Customers and employees are driving innovation.

Report 212