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12 Types of Innovation You Should Know in 2021

IdeaScale

Successful closed innovation requires protection, control, and ownership of intellectual property while still under development, through the use of special product development teams within a company. Social Innovation. It can also refer to innovations that have a social purpose, such as distance learning and online volunteering.

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Establishing an innovative business platform adoption approach

Paul Hobcraft

” Recently in Stanford Social Innovation Review, an article on the “ Adoption of Innovation ” by Benjamin Kumpf & Emma Proud is well worth the read as adopting any innovation process is a tough, slow one. Diffusion and Adoption of Innovation- theory into reality.

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Have you heard about ISO 50501?

IdeaScale

ISO goes on to say “through its members, it brings together experts to share knowledge and develop voluntary, consensus-based, market relevant International Standards that support innovation and provide solutions to global challenges.”. Well, what does that mean and what counts as a “standard?”

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Intrapreneurs

eZassi

Embrace failure and learning: Understand that not all ideas will succeed, and failure is a part of the innovation process. Open innovation – Ideas gathered within an organization as well as through external sources such as vendors, customers, universities, and startups.

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Unlocking Innovation with Data, Creativity, and Automation

Tullio Siragusa

Alex was astonished to find that only a few industries offered innovation compared to the pet markets in the U.S. A recent study by Forbes Insights found that data-driven innovation is the key to success for B2B tech companies. The challenge for businesses is finding ways to make use of all this data to drive innovation.

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15 most important Innovation Theories your company should be using

Idea to Value

When should it be used: Any organisation that wants to enable their staff who have an idea to “try it out” or do an initial market experiment. Put simply, it theorises that small companies can disrupt the market of large companies by releasing a new version of an offering which appeals more to a subset of the customers.

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