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12 Types of Innovation You Should Know in 2021

IdeaScale

Social innovation refers to both the new strategies, concepts and ideas innovated to meet the social needs of society (including, but not limited to, working conditions, education, health, and community development) as well as the social processes of innovation, including open innovation techniques.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Radical & Disruptive Innovation On the flip side, radical and disruptive innovation challenges the status quo by introducing new concepts, products, or models that shift market dynamics. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

Then innovation can finally play its true part in discovering, leveraging and delivering new value and impact. We have to recognize the days of simple product innovation are dwindling. Innovation is benefitting from the 4 th Industrial Revolution. It shifts our thinking and the management of innovation dramatically.

Industry 290
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So Where Is Innovation Heading?

Paul Hobcraft

I have written a fair amount about the new innovation era, offering a view on its future design. One that is jumping to a fresh cycle of innovative design. To achieve this innovation has gone digital, pure and simple. So the need to innovate comes from digital as the source.

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Reinnovation of the Major Automotive Players Through Eco Systems, Openness and Platform Design

Innovation 360 Group

is the average answer for R&D cost control for radical innovators and 3.07 for incremental innovators – meaning not having any functional system in place for cost control. It is also clear that companies scoring themselves as radical also have a superior innovation process.

System 40
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Reinnovation of the Major Automotive Players Through Eco Systems, Openness and Platform Design

Innovation 360

is the average answer for R&D cost control for radical innovators and 3.07 for incremental innovators – meaning not having any functional system in place for cost control. It is also clear that companies scoring themselves as radical also have a superior innovation process.

System 40
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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

Less than 30% of manufacturing companies are actively rolling out Fourth Industrial Revolution technologies at scale” No wonder we presently have trouble attracting many businesses onto platforms when they are still very much behind in deciding or deploying a strategically thought-through IIoT digital design, that is connecting everything up.

Industry 213