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What is Radical Innovation? Definition, Examples, Process and Best Practices

IdeaScale

What is Radical Innovation? Radical innovation is defined as a significant and transformative breakthrough in technology, business models, processes, or products that creates a substantial shift in industry or society.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

Discontinuous innovation represents a seismic shift in how industries function and evolve. By definition, it refers to the introduction of groundbreaking products or services that fundamentally change market dynamics, often rendering existing solutions obsolete.

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Customer Orientation Effects on Innovation

Integrative Innovation

There is a lot of dicussion around how customer orientation effects innovation. The most extreme assertion is to “ignore the customer” in order to not becoming distracted from true innovativeness by getting too close to customers, limiting innovation to incremental new offerings. A research paper by V.

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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

The number of companies, which have established dedicated business model innovation units and processes is even lower. A reason for this might also be the different definitions of various scholars and business thinkers for the concept of a “business model”. ´ (Magretta 2002). The object of innovation 2.

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The core principles of Leading FOR Innovation

Cris Beswick

It’s no secret that in today’s dynamic business landscape, for some, innovation is still just a buzzword – but for others, it’s the lifeblood of their organisation and an antidote to remaining relevant. Undoubtedly, transformation in pursuit of innovation within established corporations is a significant challenge.

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3 innovation types: evolution, preventative and creative

Jeffrey Phillips

I was thinking over the weekend that for years we've positioned innovation incorrectly. Too often we position innovation as creating a new and valuable offering or solution, ready when customers are ready to demand new products and services. Another approach is to use innovation to ferret out efficiency gaps.

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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.