Incremental or Radical Innovation?

IdeaScale

Is incremental or disruptive innovation better? In your approach to innovation, you should weigh them both. What Is Disruptive Innovation? That said, disruptive innovation is a gamble. What Is Incremental Innovation? Instead of an industry-changing innovation, with incremental innovation , you step your product or company forward with a new idea that fits with what you’ve done before. Your company must always be innovating.

How to Create a Competitive Advantage Through Innovation

InnovationManagement

In the modern world of business, innovation is both an equalizer and a differentiator. It can give tiny startups an edge over global conglomerates and enable industry leaders to develop competitive advantages.

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Eight Ways to Adopt Radical Innovation

Tullio Siragusa

Eight Ways to Adopt Radical Innovation. At the heart of true innovation, however, is the need to continually birth new ideas, and new ways of doing things. What about innovation, how does it get applied if the focus is on best practices? Doing things great is what turns ordinary companies into innovative leaders, who shape markets, and sometimes create completely new market opportunities.”. Radical Innovation. That’s the mindset of an innovator.

Eight Ways to Adopt Radical Innovation

Tullio Siragusa

Eight Ways to Adopt Radical Innovation. At the heart of true innovation, however, is the need to continually birth new ideas, and new ways of doing things. What about innovation, how does it get applied if the focus is on best practices? Doing things great is what turns ordinary companies into innovative leaders, who shape markets, and sometimes create completely new market opportunities.”. Radical Innovation. That’s the mindset of an innovator.

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. Our existing organization needs to envisage a changing world full of disruption that calls for radical change. It ‘upends’ much, if not all, of how our business organizations have been organized around, mostly within themselves, it is needing radical change.

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. Our existing organization needs to envisage a changing world full of disruption that calls for radical change. It ‘upends’ much, if not all, of how our business organizations have been organized around, mostly within themselves needing radical change.

Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

In a recent report called “ Radical Innovation and Growth: Global Board Survey 2016 ” (link opens the pdf) we have results from a survey jointly conducted by Deloitte Denmark and Board Network – The Danish Professional Directors Association, that opens up much that can concern us about the current boardroom and its great difficulty with managing more radical innovation. A lack of understanding innovation in all its forms is coming back to haunt them.

Why Building a Culture of Innovation is your Competitive Advantage

Wazoku

A quick glance at the Most Innovative Companies [1] list at Forbes sees the top three places taken by Salesforce, Tesla and Amazon respectively. It’s perhaps safe to say, therefore, that they’ve mastered the art of innovating to derive a competitive advantage. If you can embody the spirit of innovation in one man, it’s perhaps that of Thomas Edison. Building a culture of innovation. How can you build the kind of innovation culture that Amazon appear to have?

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

Innovation 360 Group

Are you confident in your strategic thinking, and your organization’s internal innovation competencies and skills? Innovation 360 has used this framework in many assignments. Innovation 360 uses a six-step process. This is what we call incremental innovation.

Official Launch of the PESTLED360

Innovation 360 Group

Welcome to the Innovation 360 presentation of the world’s first collaborative, data-driven artificial intelligence-driven method and tool for collecting, analyzing, and nailing down what you need to know now and in the future. This is what we call incremental innovation.

How much is innovation costing your organization?

Innovation 360 Group

Recapture your innovation investments. Three actions you can take to improve your innovation ROI. Too many companies see ‘innovation’ as something abstract from solving real problems and creating real value. Openness is where market innovation truly takes place.

Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

Dealing with uncertainty demands innovative ideas. Combatting uncertainty demands innovative ideas. Innovative ideas are purchased externally and often not well integrated. It drives innovation to a transactional level and leads organizations to seek the perceived lower risk of acquiring new ideas vs developing them in house. The results suggest weaknesses in the innovation ecosystem of financial services organizations, more so than other industries.

Four Models of Intrapreneurship Innovation

Integrative Innovation

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. If a company seeks to conquer new growth domains, discover breakthrough opportunities or thwart potentially disruptive competition, then it should consider the producer model.

Modern Dual Corporate Innovation Balances Defense with Offense

Integrative Innovation

Modern Dual Corporate Innovation Management approaches encompass two complementary directions of impact : Transforming the Core (by largely changing or even disrupting the existing operating model). With more and more established companies facing disruptive threats and opportunities, deliberate process and operating model innovation proves to be a major source of competitive advantage.

Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

Infront Consulting and business magazine Capital recently published their second joint annual study (in German) on the Digital Innovation Unit landscape in Germany. The study authors differentiate between three types of Digital Innovation Units : Innovation Lab : Bundling of company-internal resources in one or more interdisciplinary. teams for repeated identification and prototyping of digital innovations. Recommendartions for action: Innovation Labs.

Why radical and disruptive innovation might not always be the answer

Ideanote

Surely , in a time where terms like sustaining and incremental innovation have a negative light, who would glorify them ? Isn’t there a risk of next radical or disruptive innovation blindsiding the company, potentially bankrupting the organization ? . Think about Innovation methods like a lean startup and design thinking. Then, the company develops the innovation for this market. With this mindset, it is lucky that big corporations innovate at all.

Innovation Success Requires Integrated Approaches

Integrative Innovation

Interestingly, it looks like others support the idea of balancing and combining elements of both innovation approaches, too. Anthony : “Good enough” is a great way to start the innovation journey because it enables learning in the most important laboratory of all – the marketplace. Eventually, innovation success depends on whether a novel offering creates enough value for customers to pay for it. The innovation process aims at matching problems/needs and solutions.

Distinct Approaches to Business Model Innovation

Integrative Innovation

Business model innovation (BMI) is becoming ever more important as it turns out increasingly difficult for companies to differentiate based on products and services alone. Directions of impact for business model innovation. The Boston Consulting Group (BCG) has recently published an article , outlining different approaches to business model innovation, depending on a company’s particular context. Reinventors do not need to be radical. (amended, 2015-05-03).

12 Types of Innovation You Should Know in 2021

IdeaScale

What are the different types of innovation? With so many types of innovation and even more definitions, it can be confusing to discuss innovation in your organization. Open Innovation. It is innovation by sharing both the risks and rewards of new research.

How to create an innovation culture that lasts

The Future Shapers

Many organisations kick-off an innovation programme with innovation training or brainstorming sessions. Seeing that it is easier to execute, this can be a good way to engage the organisation around innovation intent. Training might equip innovation teams better for the task at hand, but done in isolation it will not build a sustainable culture of innovation. Building innovation DNA is painstakingly hard work. Innovation needs a home.

Monitor Your Innovation Capability in these Three Areas

Destination Innovation

Many organizations have top-level goals for innovation but struggle to measure progress toward them. How can you assess the current state of your innovation capability? through social media, competitions or open innovation) monitor the numbers coming in. Secondly, check the efficiency of your innovation evaluation process by monitoring how many ideas make it through the initial selection and into the next stage as projects.

Lessons from the master of war: Antibodies, Part 3 of 6.

Innovation 360 Group

Unlike chess, in a real battle you have no idea what capabilities the enemy has until you do a great deal of competitive intelligence. That might sound like common sense, yet countless businesses enter the competitive arena every year without even trying to inventory their own capabilities let alone what they are up against. This is the path of a flexible, agile, intelligent innovator. Test radical ideas and be ready to fail.

3 Reasons Why You Should Embrace a Moonshot Mindset

Game-Changer

The only way upstarts can compete with giants is by changing the game is through business model innovation or disruption. To pursue radical innovation is to take bold risks; this is the core of 10x thinking. And it’s a competition that you’re likely to lose.

Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

Who is the competition? The pipeline of innovation projects for new and improved products and services is also strategically vital for the business but typically it is not treated with the same attention or importance. Is there a customer need for each innovation? What will this innovation compete with? This is reasonably straightforward for incremental innovations but particularly hard for radical innovations.

Three Ways Work From Home Sparks Innovation

IdeaScale

Innovation and creativity are two things that are necessary in order for teams to operate well in the workspace. Especially, when they are involved in collaboration, brainstorming, and ideation, innovation is critical to your success. Work From Home Innovations. Introduction.

Evolution of Hyperloop: Propelling innovation the Elon Musk way

hackerearth

The aim was to understand how Musk makes these radical innovations possible and how exactly he propels innovation. In terms of the innovation matrix, the Hyperloop falls in the radical quadrant. Less than 10% of all innovation falls under this category. The typical innovation process involving in-house R&D is not sufficient to crack a radical innovation of such magnitude. How SpaceX propelled innovation with no investment?

Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

In the fourth conversation between Jeffrey Phillips and myself around parts of the Executive Innovation Work Mat, we took on several different issues around the design, function, structure and process needs for innovation. The Executive Innovation Work Mat can contribute to that.

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Two strategic approaches to innovation: incremental vs radical

The BMI Lab Blog

There are two complementary approaches to innovation: incremental vs radical. When setting up an innovation strategy, there are many decisions to take. Should I choose an incremental innovation path? Or should I rather look for a radical, or disruptive, approach? This approach is very popular because it reduces the risk that radical innovation usually takes. Smartphone industry is a great example of this kind of innovation.

Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. This is part two of an extended series on my thoughts on “ moving towards a new way of managing innovation ” that explores the potential for changing the management of innovation. The radical changes we see occurring all around us requires radical responses.

DON’T LISTEN TO YOUR CUSTOMERS!

Innovation 360 Group

Innovation is essential as a strategy for risk management, but it’s more than that. True innovation satisfies actual needs, not what consumers say that they need. True innovation brings more consumers into the market and grows the pie so that everyone can enjoy more. Kodak’s competition was not just other camera and printer companies, but entirely new innovations like social media. appeared first on Innovation Consultant | Innovation 360 | Home Of Innovation.

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). Priority using the Innovation Horizons. Interdependency.

5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. This is innovation.

5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. This is innovation.

A Structured Cultural Approach Managing Uncertainty

Innovation 360 Group

New technologies can be deployed with a swipe of a finger, appearing across billions of devices all over the world, changing market dynamics in a heartbeat, while competition from emerging markets isn’t just producing cheaper goods and copycat products, but radically redefining the terms of production and distribution. Defining innovation. Many people view innovation as spontaneous, unorganized and unpredictable. Building a culture of innovation.

What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Good innovation is notoriously hard to achieve. Others looking at the innovation progress keep demanding tangible evidence and quantifiable guarantees that the outcome provides clear returns. Much of the innovation discovery journey is a disappointing one. Those not involved directly within the innovation project constantly remain skeptical or require more proof. So where does innovation sit within your organization? Innovation is full of rhetoric and hot air.

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The Case for Dual Innovation

Tim Kastelle

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years ago. As recently outlined, I consider organizational ambidexterity to be a key innovation issue for organizations in 2016 and beyond. Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . Accenture: 2015 US Innovation Survey.

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Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

How much time should you spend improving your existing processes as opposed to innovating new ones? There are two types of companies: those who innovate and those who improve. What is Innovation? Innovation is the process of taking an idea and developing it further.

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What is innovation, and how can it benefit your company?

mjvinnovation

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. In summary, innovation is always a big challenge – it needs to be understood, first, and foremost. We offer to demystify innovation and show you how your organization can benefit from it, as well as the steps needed to achieve it. Open Innovatio

HLL Hyreslandslaget AB Best-in-Class Service Innovation Across Europe

Innovation 360 Group

Magnus Penker presents Lisa Toresson of HLL with their Innovation IQ, the highest in Europe. She was responsible for hiring and onboarding new employees, an important role for a company focused on culture and innovation. By leveraging both incremental and radical innovation strategies, an approach strongly correlated with increased capability in our own research , they have been able to gain a huge competitive advantage in a very conservative industry.

Exploring. That’s what Intrapreneurs do

The Future Shapers

Three reasons why intrapreneurship is a critical asset of any organization, serving long-term survival, sustainable growth, competitiveness and attractiveness. The good news is those digital technologies, with their tremendous innovation power and exponential pace of change, open up huge opportunities for any business to reinvent itself. In this context, there is a need for radical business innovation. About sustainable growth and competitiveness.

The Pressing Need to Link Risk into an Innovation Strategy- part one

Paul Hobcraft

I want to bring together some thoughts on risk and innovation. I feel we spend less time on the management of risk within our innovation initiatives, as we so often simply measure risk on established risk / return lines of known existing business criteria, treating it as part of our existing ongoing business and that is plainly wrong. You Need an Innovation Strategy for it to really be seen as a critical resource of an organization.

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

It is equally holding a new form of innovation back, one that is highly collaborative where partners come together to work on more complex problems. The power of multiple-connected ecosystems gives innovation a completely different momentum but it needs this 4th industrial revolution to be fully operative, for a digitally connected world in manufacturing and beyond. Innovation is one powerful catalyst ripe for leveraging in this 4th Industrial Revolution.

I keep arguing we all need to seek out innovation alignment

Paul Hobcraft

All too often strategy is not influencing the behaviours and outcomes around innovation, it is simply allowing them to be left to chance. Innovation is being ‘pushed down’ the organisation for others to interpret and offer their answers. They execute to their own understanding and often the innovations end up as not strategically aligned. That is plainly wrong, not knowing the strategic objectives it is one of the principle causes of innovation failure and requires fixing.