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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

It’s the secret sauce that has transformed startups into tech giants and turned traditional businesses into market leaders. Innovation isn’t just about the next big idea; it’s a multifaceted strategy that businesses employ to navigate through the twists and turns of today’s dynamic markets.

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Thinking about innovation and strategy

Jeffrey Phillips

That action may be creating a new product, or developing a new channel or business model. Of course, innovation can span a range of impacts and outcomes, from very incremental product innovation to industry changing business model innovation. Strategy is not a momentary action or a project.

Strategy 284
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Why innovation must become the new core competency

Jeffrey Phillips

Every company wants more innovation, to drive better revenue, profits and market share. But what most companies get wrong is that they want to create an innovation and then make it palatable and safe, to fit within the standards and norms of the existing business, like capturing lightning in a bottle.

Agile 157
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Innovation Department Best Practices: A Talk with Peter Berger

IdeaScale

Peter Berger is the Director of Innovation for EmbraerX, a Silicon Valley innovation unit of Brazilian aerospace company Embraer. By separating innovation departments from other, traditional business departments, it’s easier to provide innovators with the autonomy they need to conceive of great ideas and to bring them to market.

Ideation 196
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Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

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My innovation journey (so far)

Jeffrey Phillips

Too much time at the innovation coal face was making me a bit cynical. I'm ready to dive back in, to write about innovation, to lead innovation projects and to build up an innovation competency in the firms where people want to get good work done. Doing new things in large corporations is difficult.

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Intrapreneurs

eZassi

Invest in Intrapreneurs – Innovation Management Supports Your Organization’s Greatest Change Makers Intrapreneurs are those important team members with the optimism, intellect, initiative, and discipline to champion bright ideas and drive new project pipelines, establishing innovative change across the business.