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Two strategic approaches to innovation: incremental vs radical

The BMI Lab Blog

Should I choose an incremental innovation path? Or should I rather look for a radical, or disruptive, approach? Incremental innovation This is a common approach in many established companies, which focus on creating new products and services, with several goals: To grow sales and profits for existing products and services.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

When they are constantly scanning reports on the “state of innovation” it can often lull them, to give some that warm glow, others quickly being dismissive, disregarding many of the key messages as “not applicable to me”. Then disruption suddenly hits. So where does innovation sit within your organization?

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3 innovation types: evolution, preventative and creative

Jeffrey Phillips

Even if we can speed up innovation activities (we've run innovation programs from problem definition to fully developed prototypes in under a week) you've still got to go through the product development and launch cycle. Another approach is to use innovation to ferret out efficiency gaps.

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The Case for Dual Innovation

Tim Kastelle

Evaluating breakthrough innovation cultures and organization s, BCG concludes in their annual 2014 study: By definition, breakthrough innovation is the introduction of new ideas that drive a different way of doing things. This requires risk taking, of course, since no one can foresee the outcome or results of such initiatives.

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Mitigating risk with a balanced innovation portfolio

Innovation 360 Group

In our experience, there needs to be a mechanism in place at any given time to answer three questions about your portfolio of projects, whether they’re continuous improvements or disruptive new solutions. Of course, projects can be chosen for other reasons, but that should be a very conscious decision.). Value for closing the gaps.

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The Case for Dual Innovation

Integrative Innovation

Evaluating breakthrough innovation cultures and organization s, BCG concludes in their annual 2014 study: By definition, breakthrough innovation is the introduction of new ideas that drive a different way of doing things. This requires risk taking, of course, since no one can foresee the outcome or results of such initiatives.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

In the course of this first month of 2016, I was asked a couple of times what my prospects are for the year ahead when it comes to key innovtion issues. Hence, I gave it some thought, starting by revisting an earlier reflection: Beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come.