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Discontinuous Innovations introduce significant technological changes or leaps and can establish entirely new business models or markets. Discontinuous Innovation is also used interchangeably with “radical” or “disruptive” innovation. Think of Electric Vehicles or Streaming Platforms.
Are you confident in your strategic thinking, and your organization’s internal innovation competencies and skills? Do you have a roadmap for its short- and longer-term implications? Incremental and radicalinnovations can be anything from services and products to business models and processes.
Identifying and leveraging “i-agents” (innovation agents) throughout the organisation is also critical for cascading the change. The fifth stage focuses on building innovation aptitude and developing a detailed implementation roadmap. Innovation requires stepping out of your comfort zone.
Innov8rs | Breakthrough innovations are characterized by their ability to disrupt or redefine the competitive landscape, often rendering existing solutions obsolete. They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks.
At its core, an innovation strategy outlines the vision, goals, and tactics a company will use to foster new ideas and bring them to market. Here are some common types: Incremental Innovation : Focuses on making small, continuous improvements to existing products or services.
The key concept presented is to identify four fundamental categories of innovation: Routine Innovation – Leverages a company’s existing technological competencies and fits with its existing business model. DisruptiveInnovation – Requires a new business model but not a technological breakthrough. Conclusion.
Whereas, Gartner says it is a business discipline that aims to drive a repeatable, sustainable innovation process or culture within an organization. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In sustaining innovations, incumbents win.
Whereas, Gartner says it is a business discipline that aims to drive a repeatable, sustainable innovation process or culture within an organization. Innovation management initiatives focus on disruptive or step changes that transform the business in some significant way. In sustaining innovations, incumbents win.
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