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12 Types of Innovation You Should Know in 2021

IdeaScale

Before being “open” as in open innovation, research is conducted internally within a company to privately create and manage inventions and new advancements before sharing them with the world. Social Innovation. Radical Innovation. Marketing Innovation.

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How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. In this post we will cover how to: Cut your development cycle time and free up working capital. The fastest growing companies interpret innovation through multiple lenses.

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Building Capacity for Breakthrough Innovation

Innov8rs

This distinction is crucial because the management systems, support structures, and resources required to nurture breakthrough innovations differ significantly from those needed for more incremental changes. Organizations must develop a capability for breakthrough innovation that goes beyond traditional R&D functions.

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So Where Is Innovation Heading?

Paul Hobcraft

To achieve this innovation has gone digital, pure and simple. There are significant shifts underway towards digital innovation in R&D and new-product development. This agility needs the tools of testing, feedback, and adaptation to accelerate the innovation process. They are all becoming digital endeavors.

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Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

This can be both good and bad – good, because the acquirers get access to new ideas which can add revenue, and bad because it tends to discourage the development of internal innovation capability, in particular radical innovation which, in our view, is a critical aspect of long term success. Readiness for Change?

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The core principles of Leading FOR Innovation

Cris Beswick

Suppose we switch our focus and understand the value of building the capability and culture to deliver genuinely innovative solutions. In that case, we shift to a focus on fostering a culture where the seeds of originality are sown in every department, ranging from product development to HR, finance, and sales.

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Why Corporate Skunk Works Need to Die

Steve Blank

The Lockheed Skunk Works ® led by Kelly Johnson was responsible for its Advanced Development Projects – everything from the P-80 , the first U.S. Skunk works differed from advanced research groups in that they were more than just product development groups. jet fighter plane, to the U-2 and A-12 spy planes.