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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. Product Innovation.

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Intrapreneurs

eZassi

Innovation leads to growth and applies across many facets of a business. 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.

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Questions about Innovation

InnovationTraining.org

Technology can provide the tools and platforms that enable innovators to create new products, services, and processes. For example, advances in computer technology have made it possible for people to develop new software and applications that can solve problems and improve efficiency in a wide range of industries.

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The Power of Bottom-Up Systems in Organizational Success

Tullio Siragusa

Outcomes: This policy has been a hotbed for innovation, leading to the creation of some of Google’s most successful products like Gmail, AdSense, and Google News. Impact: The policy not only spurred product innovation but also enhanced employee engagement and creativity.

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