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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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Building Capacity for Breakthrough Innovation

Innov8rs

This distinction is crucial because the management systems, support structures, and resources required to nurture breakthrough innovations differ significantly from those needed for more incremental changes. Organizations must develop a capability for breakthrough innovation that goes beyond traditional R&D functions.

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

Innovation 360 Group

CES 2017 gives eco systems, openness and platform thinking a new face. Alongside new household gadgets and personal devices, car makers are getting in on the CES action with advances in autonomous driving, new infotainment systems and promoting novel ways of interacting with the world around you from the driver’s seat.

System 40
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Reinnovation of the Major Automotive Players Through Eco Systems, Openness and Platform Design

Innovation 360

CES 2017 gives eco systems, openness and platform thinking a new face. Alongside new household gadgets and personal devices, car makers are getting in on the CES action with advances in autonomous driving, new infotainment systems and promoting novel ways of interacting with the world around you from the driver’s seat.

System 40
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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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Managing Change Despite Uncertainty

Innovation 360 Group

The second recognizes all of the organization’s internal forces, including preparing and motivating stakeholders to handle the reality of radical innovation. The third is concerned with micro-level of developing stronger innovation skills within project teams. The Roles of Leadership and Team Aspirations.

Change 51
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Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

This can be both good and bad – good, because the acquirers get access to new ideas which can add revenue, and bad because it tends to discourage the development of internal innovation capability, in particular radical innovation which, in our view, is a critical aspect of long term success. The importance of radical innovation.