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Has innovation changed over the last ten years?

Paul Hobcraft

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.

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12 Types of Innovation You Should Know in 2021

IdeaScale

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.

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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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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

Having an integrated, connected ecosystem thiscan offer us, for the first time continuous learning, deploying AI and Human ingenuity , we can tap into a network of talent through ecosystems and platforms designed for greater collaboration and exchange. coming from industry 4.0 deployments.

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So Where Is Innovation Heading?

Paul Hobcraft

This needs significant process redesign and the redesign into small, nimble teams and cross-trained groups who collectively gather around a problem to solve it and then disperse and reform in different shape and form to address the next need. It does seem we all need to pursue disruptive and radical innovation designs.

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Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

Over the past few months, we have learned a lot about ourselves in the way we’ve been able to respond to external unplanned events. Evidence points to two areas in particular – capabilities surrounding radical innovation and the breadth of innovation culture. The importance of radical innovation.

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Reinnovation of the Major Automotive Players Through Eco Systems, Openness and Platform Design

Innovation 360 Group

For a deeper understanding of blockers and what you can do to innovate in conservative industries have a look at the blog post about the four paradoxes, including The Dr Winterkorn Paradox. Who are the winners – and what can we learn from them? is the average answer for R&D cost control for radical innovators and 3.07

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