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12 Types of Innovation You Should Know in 2021

IdeaScale

This helps to further their goals while also providing the opportunity to license or use joint ventures to share their under-utilized technology or processes. Closed Innovation. It can also refer to innovations that have a social purpose, such as distance learning and online volunteering. Process Innovation.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Razors have undergone incremental innovations over time Source: The Hustle Incremental innovations may not make headlines, but they’re the steady pulses that keep businesses competitive and responsive to market demands.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. A well-suited way to govern this approach is to manage a portfolio of initiatives.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

The power of discontinuous innovation lies in its ability to transform not just business operations but also market landscapes, offering immense opportunities for companies that dare to lead the charge. This concept, often used interchangeably with radical and disruptive innovation, has nuances worth understanding.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

The survey exposes the myth that innovation is not one of the three top challenges, innovation ranks fifth as it follows the more conventional concerns of managing talent as the top (and that did surprise me) and regulatory and competitive threats. Risk management is rated far more than innovation as a better process.

Report 212
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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

It’s easy to see in retrospect, but managers in the food delivery industry were taken by surprise because they weren’t paying enough attention to what was happening in the passenger transport industry. This could for instance be future competitors or collaborators and the force could be competition from new entrants.

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Mitigating risk with a balanced innovation portfolio

Innovation 360 Group

Assume that you have a number of projects that you want to execute, and you have a number of resources that can be used to execute them (resources such as innovation managers, or programmers). These three basic assumptions lead to further considerations for portfolio management. Interdependency. Strategic direction.

Project 52