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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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How Human Resources Can Drive Innovation?

Ankush Chopra

One department that does not often come up in the list is Human Resources. But HR has a massive impact on innovation – much more than people realize. So let’s understand how Human Resources can drive innovation? The post How Human Resources Can Drive Innovation? It is associative and cumulative.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. We can see that experimentation comes in different flavors, depending on the innovation context.

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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

This concept, often used interchangeably with radical and disruptive innovation, has nuances worth understanding. Defining Discontinuous Innovation Discontinuous innovation introduces significant technological leaps or entirely new business models , much like radical innovation.

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Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

What additional resources are needed to win the deal? They contribute ideas and resources to help close sales. This is reasonably straightforward for incremental innovations but particularly hard for radical innovations. We can then evaluate the total projected impact of our innovation pipeline.

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Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

It is all about the fit of innovation and the tensions between the design, function, structure, and process needs to manage innovation management. We relate this specifically within our Executive Innovation Work Mat. Then it needs full support and resourcing. Image credit: mi2.org org thinking-differently.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Much of the innovation discovery journey is a disappointing one. Resources constantly “churn” and get depleted, waiting for others to be brought up to speed. Those not involved directly within the innovation project constantly remain skeptical or require more proof. A hunch or insight becomes a dead end.

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