Remove Engagement Remove Learning Remove Radical Innovation Remove Technology
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Connecting innovating value comes from Ecosystem thinking

Paul Hobcraft

We are witnessing a very radical change, driven by technology, increasingly disrupting and breaking down past traditional boundaries, partly built to defend positions so as to achieve economic scale. These are: The constant exponential of technology and its power to change is forcing up to change.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Razors have undergone incremental innovations over time Source: The Hustle Incremental innovations may not make headlines, but they’re the steady pulses that keep businesses competitive and responsive to market demands. Marketing Innovation Another type of innovation in business is marketing innovation.

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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. We can reach far more into underserved markets through greater customer connections and engagement, we can co-design with them. deployments.

Industry 290
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Tackling Societal Challenges through innovation ecosystem application

Paul Hobcraft

Some organizations are clearly working on and trying to draw attention and gain greater engagement but we need a much greater concerted effort to focus on the big societal challenges. The growing radical innovation activity gap. We need to be collectively moved by innovation and what it can offer.

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So Where Is Innovation Heading?

Paul Hobcraft

They point out that since 2014, only four types of innovation and that are all related to digital, have grown increasingly in importance in their pursuit by companies. So the need to innovate comes from digital as the source. It will fundamentally change the type of resources innovation requires.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. this reluctance to embrace a new digitally connected world is feeding the “seeds of destruction” Customers expect rapid response, reduced delays, tailored designs and greater engagement.

Industry 213
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Knowing Your Innovation Pathway Curve – A methodology

Paul Hobcraft

Firstly you have to ask what you are trying to achieve, is it incremental innovation, distinctive, disruptive or even radical? Getting a thorough understanding of what it takes to move up this learning curve to achieve the different types of innovation takes time. So we have five innovation pathway curves to scale.