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Innovation is ready for those accelerating and being fully committed to their 4IR journey. Then innovation can finally play its true part in discovering, leveraging and delivering new value and impact. We have to recognize the days of simple productinnovation are dwindling. is the revolution that connects all the parts.
this reluctance to embrace a new digitally connected world is feeding the “seeds of destruction” Customers expect rapid response, reduced delays, tailored designs and greater engagement. The prospect of new innovation potential will eventually work through into the world of Industry 4.0
The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radicalinnovation outcomes. So the article “ Want to Win at Business Model Innovation?
Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation. Even traditional producers of physical products can benefit from platforms by augmenting their products with communities.
We need to engage differently. For instance, earlier engagement with governments, with research institutes, publishing new findings in more open ways, less restrictive on a sharing data all might allow the communities to search for a different model of discovery to commercialization. We need to engage differently.
The realization that innovation goes way beyond productinnovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. Well I would suggest we do need to refocus.
Radical & Disruptive Innovation On the flip side, radical and disruptive innovation challenges the status quo by introducing new concepts, products, or models that shift market dynamics. Radicalinnovation is about making significant leaps forward, often creating new industries or reshaping existing ones.
I thought it would be interesting to take a step back and place the discussion of ecosystems and innovation in context by examining the history of innovation, to demonstrate why ecosystems and platforms become important as a market or industry matures, and why innovators must engage ecosystems and platforms as they compete in a market.
Generally speaking, our society is headed towards greater automation and technological resources in almost every industry and for that reason, it is often assumed that all innovation must be technology-related when this is just not the case. However, this is not always the case and is not necessarily the most effective path to growth.
Generally speaking, our society is headed towards greater automation and technological resources in almost every industry and for that reason, it is often assumed that all innovation must be technology-related when this is just not the case. However, this is not always the case and is not necessarily the most effective path to growth.
In a recent publication in the Journal of ProductInnovation, we undertook a systematic review of 40 years (1975 to 2016) of innovation research. Two topical communities stood out as being linked to the largest number of the other topics: disruptive innovation and radicalinnovation.
Align your metrics with the goals of your innovation program. Are you seeking game-changing, radicalinnovation or incremental innovation or both? Is the goal to innovate in the core business as well as building future businesses? Download the pdf version of this article. LEARN HOW WE CAN HELP ?.
Innovation can be incremental, radical, architectural, modular, etc. In incremental innovation, a company improves or upgrades existing product, process, or service. In radicalinnovation, a company replaces its existing business model with an entirely new one. ProductInnovation.
Innovation can be incremental, radical, architectural, modular, etc. In incremental innovation, a company improves or upgrades existing product, process, or service. In radicalinnovation, a company replaces its existing business model with an entirely new one. ProductInnovation.
Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation. Even traditional producers of physical products can benefit from platforms by augmenting their products with communities. Co-Innovation and startup engagement.
When a chef experiments with unique ingredients to create a new dish or when an artist blends different techniques to produce a striking piece, they are engaging in innovation. Innovation is also a mindset. Innovation in Business: A Catalyst for Growth In the business world, innovation takes on a strategic dimension.
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