Remove Competition Remove Finance Remove Innovation Processes Remove Radical Innovation
article thumbnail

Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

Innovation can happen quickly, (known as radical innovation), or it can take place over time, (incremental innovation). Innovation requires creative thinking, imagination, and risk-taking. The three main types of innovation are product innovation, process innovation, and business model innovation.

article thumbnail

The core principles of Leading FOR Innovation

Cris Beswick

In that case, we shift to a focus on fostering a culture where the seeds of originality are sown in every department, ranging from product development to HR, finance, and sales. Leaders who champion innovation understand its role in driving competitive advantage, increasing market share, and, often, creating entirely new markets.