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12 Types of Innovation You Should Know in 2021

IdeaScale

The paradigm is that companies cannot afford to rely strictly on their own internal methods of innovation, but can buy or license processes or inventions from other companies. This helps to further their goals while also providing the opportunity to license or use joint ventures to share their under-utilized technology or processes.

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How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. In this post we will cover how to: Cut your development cycle time and free up working capital. The fastest growing companies interpret innovation through multiple lenses.

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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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So Where Is Innovation Heading?

Paul Hobcraft

To achieve this innovation has gone digital, pure and simple. There are significant shifts underway towards digital innovation in R&D and new-product development. So the need to innovate comes from digital as the source. It will fundamentally change the type of resources innovation requires.

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Exploring Innovation Challenges for CPG Brands

IdeaScale

Packaging may change, but the product is predictable, and CPG brands have done well by offering the consistency that is so reassuring to the consumer’s everyday life. Markets change, demographics change, and technologies change too. People today purchase CPG products in profoundly different ways than they did a generation ago.

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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.

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Innovation and Organizational Culture

Tim Kastelle

After studying innovation among 759 companies based in 17 major markets, Gerard J. Chandy found that corporate culture was a much more important driver of radical innovation than labor, capital, government or national culture. As executing and developing a business requires increasing specialization (e.g. Governance.

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