article thumbnail

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.

article thumbnail

Has innovation changed over the last ten years?

Paul Hobcraft

Today, innovation is seen as an open process, where organizations leverage external sources of knowledge, ideas, and feedback to enhance their innovation performance 1. Open innovation is the practice of sharing and using external and internal ideas to create value 2.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation).

article thumbnail

8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Razors have undergone incremental innovations over time Source: The Hustle Incremental innovations may not make headlines, but they’re the steady pulses that keep businesses competitive and responsive to market demands. Marketing Innovation Another type of innovation in business is marketing innovation.

article thumbnail

Seeking more Energy Transition Ecosystem Success Stories in 2024

Ecosystems4Innovating

Let us remind ourselves where those collaborations between different stakeholders deliver real change in radical, innovative solutions. For instance, offshore wind energy projects often involve partnerships between energy companies, engineering firms, and local authorities to generate efficient and sustainable energy.

article thumbnail

Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

The pipeline of innovation projects for new and improved products and services is also strategically vital for the business but typically it is not treated with the same attention or importance. Can we crack the technology? For each item in the pipeline we need an estimate of its cost to develop and projected payback.

article thumbnail

So Where Is Innovation Heading?

Paul Hobcraft

They point out that since 2014, only four types of innovation and that are all related to digital, have grown increasingly in importance in their pursuit by companies. So the need to innovate comes from digital as the source. It will fundamentally change the type of resources innovation requires.