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Calling all innovators: Africa’s electricity market is ripe for market-creation

Christensen Institute

Falling costs in renewable energy is bringing it within Africa’s reach; yet minimizing the number of people lacking access to electricity, and modernizing and promoting sustainable clean energy across Africa will still require radical innovation improvement. Africa’s MCI history can act as a guide for its electricity market.

Marketing 116
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Has innovation changed over the last ten years?

Paul Hobcraft

Innovation is certainly a complex and dynamic process that involves many factors and actors and I certainly feel it has been shifting in its focus. I decided to ask GPT-4 what major shifts have occurred in how we approached innovation ten years ago and today. It was suggested that these were the following.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Every successful company has one thing in common: a deep-seated commitment to innovation. It’s the secret sauce that has transformed startups into tech giants and turned traditional businesses into market leaders. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.

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Connecting innovating value comes from Ecosystem thinking

Paul Hobcraft

The innovative design has become paramount to these new offerings. The need for radical innovation changes the present position. You gain the ability to share market risks within a partnership of collaborators, committed to a shared vision and pursue new business opportunities that you could not afford on your own.

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Building Capacity for Breakthrough Innovation

Innov8rs

Innov8rs | Breakthrough innovations are characterized by their ability to disrupt or redefine the competitive landscape, often rendering existing solutions obsolete. They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks.

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The Ten Types of Innovation

Destination Innovation

How many types of innovation are there? The simplest way to categorize innovation is into two forms – incremental and radical. Incremental innovation is an improvement in an existing thing (e.g. Radical innovation is finding an entirely new way of doing something. Product system – how your product connects.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We are facing greater disruption and an increasing innovation pace. The prospect of new innovation potential will eventually work through into the world of Industry 4.0 Innovation is ready for those accelerating and being fully committed to their 4IR journey. Innovation is the unlocking mechanism.

Industry 289