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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Broad Categories of Innovation At the heart of the innovation spectrum lie two broad categories that encapsulate the range of strategies businesses can deploy: incremental innovation and radical (including disruptive) innovation.

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Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

Corporations are under increasing attack and are really struggling to become more radical in how they can defend, secure and achieve growth. A lack of understanding innovation in all its forms is coming back to haunt them. They can’t seemingly handle radical innovation and there is even more of an imperative to learn.

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The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

Our existing organization needs to envisage a changing world full of disruption that calls for radical change. To meet different challenges, to be highly adaptive it needs to begin to organize around ecosystems to deliver on a vision that recognizes it has to be part of a greater collaborating network to thrive in this highly connected world.

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The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

Our existing organization needs to envisage a changing world full of disruption that calls for radical change. To meet different challenges, to be highly adaptive it needs to begin to organize around ecosystems to deliver on a vision that recognizes it has to be part of a greater collaborating network to thrive in this highly connected world.

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The Many Types of Innovation

Destination Innovation

Incremental innovation is an improvement in an existing thing (e.g. Radical innovation is finding an entirely new way of doing something. For example if you had been making spectacles in the 1950s then plastic lenses instead of glass lenses would have been an incremental innovation. product, process or service).

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Building upon the four essential pillars for innovation

Paul Hobcraft

The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radical innovation outcomes. So the article “ Want to Win at Business Model Innovation?

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15 most important Innovation Theories your company should be using

Idea to Value

However, in every case, it is beneficial for a company to look inwards and see whether their people, processes and leadership are acting more as innovation enablers, or bottlenecks. When should it be used: Every company should look at itself frequently to find out how it can build its innovation culture in a way that is right for them.

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