article thumbnail

8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Radical & Disruptive Innovation On the flip side, radical and disruptive innovation challenges the status quo by introducing new concepts, products, or models that shift market dynamics. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.

article thumbnail

Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

Innovation is ready for those accelerating and being fully committed to their 4IR journey. Then innovation can finally play its true part in discovering, leveraging and delivering new value and impact. We have to recognize the days of simple product innovation are dwindling. Innovation emerges out of the Industrial 4.0

Industry 289
Insiders

Sign Up for our Newsletter

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

article thumbnail

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

Equally the nature of much of production has been designed “on the fly” and the equally tough job of connecting the whole process up in a new integrated, fully connected system meets huge resistance. The system complexity, understanding and investment delays are often huge and difficult to unwind.

Industry 213
article thumbnail

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

In particular for industrial products this, in turn, has been stimulated by maturing 3D printing technologies. Operating in unpredictable environments relies on an agile organization , following an adaptive, evolutionary and more bottom-up approach, resembling complex adaptive systems, e.g. in biology.

article thumbnail

Why platforms and ecosystems matter for innovators

Jeffrey Phillips

In other words, when the market was new and emerging, discrete products that met basic needs were valuable even when an ecosystem or platforms didn't exist. Today there is no preferred standard - different companies are exploring different versions of mapping, sensors and command systems for autonomous cars. Which is more important?

article thumbnail

Getting started with Innovation Metrics

Strategos

Here at Strategos, we firmly believe that innovation can be taught, learned and systematically implemented by establishing the right processes, systems, structures, skills and metrics. Metrics are essential to track and guide the development of your innovation system. If you don’t know what’s broken, how do you fix it?

article thumbnail

5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

For larger companies or those who are unfamiliar with the process, utilizing an innovation management system as part of your innovation strategy may be ideal to assist you in establishing a thorough and consistent process. However, this is not always the case and is not necessarily the most effective path to growth.