IdeaScale
APRIL 14, 2021
Social Innovation. 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.
Paul Hobcraft
SEPTEMBER 25, 2023
Today, innovation is seen as an open process, where organizations leverage external sources of knowledge, ideas, and feedback to enhance their innovation performance 1. Open innovation is the practice of sharing and using external and internal ideas to create value 2. References 1. oecd.org 2. oecd-opsi.org 3.
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Qmarkets
MARCH 27, 2024
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.
Integrative Innovation
MAY 26, 2014
For example, cordless telephones were a radical innovation relative to wired phones because they were based on a substantially new technology; however, their customer base was essentially the same. DVD players provide another example, as they used optics technology as opposed to the magnetic technology used in VCRs.
Qmarkets
APRIL 17, 2024
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.
The BMI Lab Blog
JUNE 29, 2022
This notion is commonly referred to as the customer value proposition (Johnson et al. In essence, it unifies aspects such as, for example, the cost structure and the applied revenue mechanisms, and points to the elementary question of any firm, namely how to make money in the business. References: Chesbrough, H., & Rosenbloom, R.S.
Tim Kastelle
MARCH 7, 2016
An increasingly popular case in point is the “ Three Horizons ” framework, which aims at integrating an organization’s entire innovation spectrum by means of three distinct time and scope categories – all of which feature particular purposes, conditions and requirements.
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