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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. It seems like new innovation types arrive at the scene all of the time, leaving people reaching for Google to get up to speed. Social Innovation.

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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. Misalignment can lead to wasted resources and opportunities.

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The trough of innovation disillusionment

Paul Hobcraft

Is innovation becoming a boring place to be seen for hanging out and being involved? Perhaps, it depends on each of us yet collectively you might agree we do feel something is definitely missing. The excitement has left the room, innovation has become too predictable. Any thoughts on who to blame?

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

The BMI Lab Blog

A reason for this might also be the different definitions of various scholars and business thinkers for the concept of a “business model”. Radical innovations are similar to evolutionary innovations - but the leap of innovation is more comprehensive. You need an innovation strategy. link] Pisano, G.

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Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

The first was setting the scene for these conversations on the “fundamental building blocks for innovation success” ( LINK ) and then the second into “the essential alignment of innovation to strategy” ( LINK ). The ability to manage innovation design, function, structure and process.

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The Case for Dual Innovation

Tim Kastelle

Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages.

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The core principles of Leading FOR Innovation

Cris Beswick

In this article, I’ll draw upon two decades of hard-earned experience in pioneering the development of innovation-focused cultures in organisations worldwide to share proven principles, strategies, and techniques. Risk management: Each horizon represents a different level of risk and uncertainty.