Remove Collaboration Remove Open Innovation Remove Radical Innovation Remove Resources
article thumbnail

Has innovation changed over the last ten years?

Paul Hobcraft

Today, innovation is recognized as a systemic phenomenon, where multiple actors interact and collaborate across different domains and levels 1. Innovation ecosystems are networks of organizations and individuals that co-create value through innovation 2.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Co-innovation: the concept, its benefits, and why you need to embrace it

hackerearth

Traditionally, many organizations used their own knowledge monopoly to innovate and deliver dominant technologies and products to the market. However, businesses soon understood that innovation cannot take place in a vacuum and it requires different points of view, diverse skill sets, and collaboration. What is co-innovation?

article thumbnail

The Pressing Need to Link Risk into an Innovation Strategy- part one

Paul Hobcraft

You Need an Innovation Strategy for it to really be seen as a critical resource of an organization. Gary Pisano had an excellent article “ You Need an Innovation Strategy” on HBR. “The first is to answer the question “How are we expecting innovation to create value for customers and for our company?”

Strategy 124
article thumbnail

Moving towards a new innovation service model

Paul Hobcraft

This is part two of an extended series on my thoughts on “ moving towards a new way of managing innovation ” that explores the potential for changing the management of innovation. We need a radical transformation. They are often stifling innovation. Well I would suggest we do need to refocus.

article thumbnail

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. Struggling with legacy and old models.

article thumbnail

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

The value proposition of those open platform business models is a more customer-centered, even individualized delivery of services and solutions by leveraging access to an entire ecosystem. We can see that experimentation comes in different flavors, depending on the innovation context.