article thumbnail

12 Types of Innovation You Should Know in 2021

IdeaScale

It seems like new innovation types arrive at the scene all of the time, leaving people reaching for Google to get up to speed. Whether you’re new to innovation or have years under your belt, this simple guide that explains the different types might help. Open Innovation. Closed Innovation. Social Innovation.

article thumbnail

Adaptive Strategy Matrix [Infographic]: exploration vs. exploitation?

Open Innovation EU

The article built a simulation and was able to test the effective of different strategies under different circumstances. Explorative loop: a reinforcing loop that suggests that when companies invest in exploration, the will see an increase in explorative profits, which will thus increase the likelihood of sticking to that strategy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Serious About Your Social Mission? Innovate It.

Leapfrogging

Mission-driven organizations have an equal opportunity to apply the principles and practices of innovation to maximize their impact–but few take it. The obvious place to turn is innovation approaches such as design thinking , rapid prototyping , and open innovation. Principle 1: Think Big. See the disconnect?

article thumbnail

5 reasons to be 100%Open

100%Open

In 2016, after a few years of both exciting and challenging work at the United Nations Development Programme’s (UNDP) Moldova Social Innovation Hub , I decided to move countries to gain international work experience in the innovation sector. . Why move to the UK? I also shared them with my colleagues at the UNDP.

article thumbnail

5 reasons why I applied to work at 100%Open

100%Open

In 2016, after a few years of both exciting and challenging work at the United Nations Development Programme’s (UNDP) Moldova Social Innovation Hub , I decided to move countries to gain international work experience in the innovation sector. . Why move to the UK? I also shared them with my colleagues at the UNDP.

article thumbnail

Intrapreneurs

eZassi

Stanford University outlines the types of innovation as the following: Product innovation – New or improved good or service that benefits a company, such as improved customer experience or a new device for the market.

article thumbnail

Enterprise Innovation Management Research Report

eZassi

Many questions were put forth to the innovation executives to identify how they currently manage innovation, what innovation challenges they have experienced, what solutions they have utilized and what failures they have experienced. Innovation Program Management. Social Ideation. Social Innovation.

Report 40