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12 Types of Innovation You Should Know in 2021


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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Customer Orientation Effects on Innovation

Integrative Innovation

For example, cordless telephones were a radical innovation relative to wired phones because they were based on a substantially new technology; however, their customer base was essentially the same. DVD players provide another example, as they used optics technology as opposed to the magnetic technology used in VCRs.


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Successful Innovators Apply Multiple Leadership Styles Simultaneously

Innovation 360 Group

Leadership styles are critical to innovation efforts, especially when working with uncertainty. In the resulting report, they identified several factors that were positively correlated with the successful execution of innovative concepts. Radical Innovators more adaptive. The Spiral Staircase. The Explorer.

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How Human Resources Can Drive Innovation?

Ankush Chopra

But as you start digging deeper, additional responses will be Marketing, Supply Chain, Engineering, and Information Technology drive innovation. But HR has a massive impact on innovation – much more than people realize. We talked how radical innovations are challenging because firms lack the needed absorptive capacity.

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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

This notion is commonly referred to as the customer value proposition (Johnson et al. Business Models in the context of Innovation A common way to differentiate innovations is the categorization according to two generic characteristics: 1. The object of innovation 2. References: Chesbrough, H., & Rosenbloom, R.S.

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Breaking the patterns for innovation

Jeffrey Phillips

Patterns of work aren't necessarily wrong, until they influence patterns of thinking and creativity, and create resistance to new information, shifts in the market or the unwillingness to observe and predict new technological trends. Patterns create familiarity and repeatability which in turn creates greater efficiency.

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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. Leaders can, and often do, try to make corporate cultures more receptive to innovation.

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