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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. Process Innovation. Product Innovation. Incremental Innovation.

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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. Encourage your intrapreneur to learn from failures and iterate on their ideas. Innovation leads to growth and applies across many facets of a business.

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Questions about Innovation

InnovationTraining.org

Innovation can lead to the development of new technologies, products, services, or processes that can improve people’s lives, solve problems, and create new opportunities. It can also drive economic growth, as innovative ideas and products can create new markets and industries, and help businesses to compete and succeed.

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Future Trends 2021: Purpose & Co-creation

Be-novative

According to Deloitte: “Purpose-driven companies witness higher market share gains and grow three times faster on average than their competitors, all while achieving higher workforce and customer satisfaction.” Purpose helps us redefine who we are.

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