article thumbnail

12 Types of Innovation You Should Know in 2021

IdeaScale

Process innovation is the development and application of technology, production method, or method of delivery that’s newly introduced or improved to a notable degree. Product Innovation. Product innovation refers to the creation of a new or significantly improved good or service. Radical Innovation.

article thumbnail

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

mjvinnovation

Incremental innovation: additional development and/or optimization of existing products, services, or models. Radical innovation: implementing completely new ideas into products, services, or business models. In many companies, process innovation is called a process of continuous improvement or idea management.

Company 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Producers of innovation need to transition radically into a different innovation delivery & design structure.

article thumbnail

Does culture eat strategy for breakfast?

Innovation 360 Group

The first weapon in our arsenal was the Innovation Assessment InnoSurvey â , a system generating customized reports with up to 40 pages of detailed profiling, analysis and recommendations on what a company needs to do to provide optimal support for their innovation projects. Harvard University and many other similar organizations.

Culture 63
article thumbnail

Getting started with Innovation Metrics

Strategos

Align your metrics with the goals of your innovation program. Are you seeking game-changing, radical innovation or incremental innovation or both? Is the goal to innovate in the core business as well as building future businesses? Download the pdf version of this article. LEARN HOW WE CAN HELP ?.

article thumbnail

Co-creating volume 3

Innovation 360 Group

It was accomplished by a combination of brilliant ideas and productive innovation systems in collaboration. We developed a hypothesis that the aspiration of an organization impacts success and must inform the design of their innovations. The focus is on expanding into new types of business with adjacent innovations.

article thumbnail

Why organization matters for Innovation Success

Innovation 360

The first weapon in our arsenal was the Innovation Assessment InnoSurvey â , a system generating customized reports with up to 40 pages of detailed profiling, analysis and recommendations on what a company needs to do to provide optimal support for their innovation projects. Harvard University and many other similar organizations.