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12 Types of Innovation You Should Know in 2021

IdeaScale

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.

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What to innovate now

Jeffrey Phillips

Over time, as innovation has matured somewhat, many innovation consultants began to reference Doblin's Ten Types model. This is a great mode that I constantly refer back to with my clients, to convince them to think about innovation beyond product innovation.

Agile 261
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Your Guide to Incremental Innovation: Examples and Lessons from Global Brands

Qmarkets

We’ll explore examples, discover the key benefits of this type of innovation, and identify the best way of developing your own incremental innovation process. First Things First: What is Incremental Innovation? All of the above leads to returns that far exceed the risk and investment that goes into these innovations.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones. Disruptive innovation, a subset of radical innovation, specifically refers to the process by which smaller companies with fewer resources successfully challenge established incumbents.

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Don't forget the steak: What Super Bowl ads forget

Jeffrey Phillips

It's as if we are supposed to buy the products because of the really interesting advertising, rather than the benefits they provide. What's this diatribe got to do with innovation? So I have to tread the razor's edge here when I say increasingly corporate innovation looks a lot like Super Bowl advertising.

Marketing 113
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Ultra Innovation

Norbert Bol

In this context the persistence of innovation is sometimes referred to as the Innovation Marathon or Ultra Innovation which is derived from ultra running (running long distances past the marathon and often for several days in different sorts of terrain). Product innovation shows the most clear path-dependency.

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What is process innovation and why it can transform your business

hackerearth

There are three types of innovation: product innovation, process innovation, and business model innovation.A process innovation is crucial for product innovation, and it facilitates business model innovation, especially with the changes that rapid digitization is bringing with it.