Remove Disruption Remove Ideation Remove Radical Innovation Remove Technology
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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

In this guide, we’re unpacking eight critical types of innovation that businesses leverage to carve out their niches, disrupt markets, and write their success stories. They involve methods such as adopting new technologies to improve product efficiency or tweaking a service to enhance customer experience.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

Understanding Discontinuous Innovation The term itself gained prominence through the work of scholars such as Clayton Christensen, who introduced the concept in his book “The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail” published in 1997.

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Building Capacity for Breakthrough Innovation

Innov8rs

Innov8rs | Breakthrough innovations are characterized by their ability to disrupt or redefine the competitive landscape, often rendering existing solutions obsolete. They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

When they are constantly scanning reports on the “state of innovation” it can often lull them, to give some that warm glow, others quickly being dismissive, disregarding many of the key messages as “not applicable to me”. Then disruption suddenly hits. Customers and employees are driving innovation. Now that is shocking!

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

Innovation 360 Group

PESTLED is short for the Political, Economic, Social, Technological, Legal, Environmental, and Demographic factors affecting you and defining your environment. Innovation 360 has used this framework in many assignments. Incremental and radical innovations can be anything from services and products to business models and processes.

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Official Launch of the PESTLED360

Innovation 360 Group

PESTLED is short for the Political, Economic, Social, Technological, Legal, Environmental, and Demographic factors affecting you and defining your environment. Innovation 360 has used this framework in many assignments and has often seen it misused as a framework for assessing a specific market or even the organization itself.

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Spotting Innovation Opportunities

ITONICS

So why is it so very important to take this upstream step in the innovation process? If a company focuses on incremental innovation and simple stage-gate ideation processes only, it won’t keep up in the long run. In addition to transforming a whole industry, disruptive business models also push and promote paradigm changes.