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What is Radical Innovation? Examples, Stages, and Strategies for Success

Qmarkets

Radical innovation isnt just about thinking outside the boxits about creating an entirely new box. From the advent of the internet to the development of CRISPR gene-editing technology, this type of innovation has transformed industries and reshaped the way we live, work, and interact. What is Radical Innovation?

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We are searching for new pathways

Paul Hobcraft

It requires a radical redesign of the organization, as it significantly increases complexity and where any digital transformation has to center upon as the critical enabler to enable this shift. It is identifying the critical capabilities and being adept and agile enough in learning from these, to embed them into the changing culture.

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So Where Is Innovation Heading?

Paul Hobcraft

Digital is demanding so much in new processes that need to be more agile, responsive, reflective of new insights at increased speed and fluid in the design of those undertaking the solution to react. This agility needs the tools of testing, feedback, and adaptation to accelerate the innovation process.

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What is Discontinuous Innovation? Definition, Examples and Management

eZassi

Allocate resources to R&D and stay ahead by exploring emerging technologies like AI, 3D Printing, and Robotics which can serve as catalysts for radical innovation. Adopt an agile and lean innovation framework to ensure that ideas are analyzed and validated quickly.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We can build and connect different supply chains that read and react, we can create new ecosystems where we share a common goal and value, we can enable more agile systems that can adapt and respond to changes in real-time to reconfigure the ‘connected factory’. Innovation emerges out of the Industrial 4.0

Industry 222
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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

There is a strategic resistance, there is a lack of organizational agility and still not the level of commitment this is required, driven from the top. initiative in radically different ways to explore and exploit. The internal change is slow.

Industry 213
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Knowing Your Innovation Pathway Curve – A methodology

Paul Hobcraft

When we build capability and capacity we cannot build this simply overnight, we need to systematically build this, partly depending on what you want to achieve; incremental, distinctive or radical innovation as these are a growing set of competencies to drive you up the innovation pathway.