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12 Types of Innovation You Should Know in 2021

IdeaScale

It seems like new innovation types arrive at the scene all of the time, leaving people reaching for Google to get up to speed. Whether you’re new to innovation or have years under your belt, this simple guide that explains the different types might help. Open Innovation. Closed Innovation. Social Innovation.

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Open innovation & crowdsourcing resources

Board of Innovation

Open innovation & crowdsourcing resources Open Innovation, crowdsourcing, co-creation… overlapping terminologies to describe a trend towards more open business models and a closer collaboration with customers. On this page we gather a list of inspiring examples.

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Intrapreneurs

eZassi

Provide resources and support: Ensure your intrapreneur has access to the necessary resources to develop their ideas, such as funding, technology, and expertise. Foster a culture of innovation: Create a culture that values and rewards innovation. Encourage them to take risks and challenge the status quo.

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Adaptive Strategy Matrix [Infographic]: exploration vs. exploitation?

Open Innovation EU

However, because of the success of this strategy, there will be a decrease of competition (from your perspective) resulting in external pressure to focus more on exploration. A highly competitive market will reduce the external pressure to invest in exploration and increase the external pressure to invest in exploitation.

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5 Things You Need to Know About Collaborative Innovation Software

PlanBox Innovation

The point is, collaborative innovation software doesn’t just facilitate collaboration — its purpose is to bring data and people together so that untapped opportunities that align with business strategy can be commercialized. Believe it or not, some companies out there are making collaboration into a social innovation game!

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What you need to know about India Innovation Growth Programme 2.0

hackerearth

Established by the Department of Science and Technology (Government of India), IIGP 2.0 Along with Lockheed Martin and Tata Trusts, the programme aims to drive industrial and social innovation using tech-based solutions. This year’s edition was launched in March 2018. IIT Bombay and MIT are partners as well.

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15 most important Innovation Theories your company should be using

Idea to Value

In many cases (especially those listed in the book, such as Computer Storage, Department Stores and Construction Equipment), the small company releases a new technology which is inferior in quality or performance to that of the large company, but makes up for it in another way, like a lower price or convenience.

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