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12 Types of Innovation You Should Know in 2021

IdeaScale

What are the different types of innovation? With so many types of innovation and even more definitions, it can be confusing to discuss innovation in your organization. It seems like new innovation types arrive at the scene all of the time, leaving people reaching for Google to get up to speed. Social Innovation.

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The cost of delaying innovation

Jeffrey Phillips

Note that this is NOT a bad question to ask, because investors are constantly watching the effectiveness of the management team and want to see companies hitting their numbers. Perhaps the question we should be asking is: what is the cost of delaying innovation? What do companies that fail to invest in innovation miss?

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Conditions for innovation to succeed

Jeffrey Phillips

It's actually not possible to write a short post about innovation, much less the conditions necessary for innovation to succeed, but I've tried to simplify this into nine critical factors for success. With those basics in mind, you can do a lot of good innovation. And, the work isn't free and requires air cover.

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Innovation fundamentals: using time effectively

Jeffrey Phillips

I've written previously about having a bias for innovation in your culture , seeking and finding important and unmet needs or opportunities , and introducing discovery and exploration in your innovation process. Agile, lean and rapid methodologies meant to accelerate the innovation cycle?

LEAN 155
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Innovation and N "X" D

Jeffrey Phillips

The guy who stole a march on Ford, and really defined the automobile company structure that we have today was William Durant. Durant foresaw that people would want a range of products and options. He created what became General Motors by offering people more choice of options, more flexibility and product families.

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Introducing the shift towards Autonomous Innovation

Innov8rs

Autonomous Innovation leverages artificial intelligence to supercharge the innovation process, making it faster, more efficient, and at times even self-directed. What is Autonomous Innovation? Companies are able to serve consumer needs before they can formulate them.

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Implementing Open Innovation: Insights from Ariana Smetana of AccelIQ Digital

Qmarkets

Open innovation is a core strategy for transformative growth amongst a growing number of enterprise companies around the world. The days of boardrooms and R&D departments keeping innovation under lock and key are waning, as companies are increasingly preferring a more collaborative approach with startups and other external parties.