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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. This requires companies to proactively or reactively innovate their business models in order to remain competitive.

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The Case for Dual Innovation

Tim Kastelle

Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. Source: Accenture.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the pervasion of new technologies, lead to decreasing life times of existing business models. This requires companies to proactively or reactively innovate their business models in order to remain competitive.

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The Case for Dual Innovation

Integrative Innovation

Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. Source: Accenture.

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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.

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Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

Corporations should be even more courageous in order to make room for deep tech issues such as quantum computing in addition to corporate-related product and service improvements. Company builders that operate decentralized isolated to explore and develop disruptive innovations that are beyond the core business have been a rarity so far.

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