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How It Differs from Other Types of Innovation Oftentimes, breakthrough innovation is used interchangeably with radical and disruptive innovation. Radicalinnovation involves entirely new technologies or concepts that lay the foundation for future industries. However, there are some important differences.
This article explores what value innovation is, how it fits within blue ocean strategy, and real-world examples of how companies apply it. Well also break down the steps to implementing value innovation and examine how ideamanagement and technology scouting can accelerate its success. What is Value Innovation?
Takeaway: Choose an innovation process and continuously measure and manage it. Take the following innovationmanagement process for example. It has three major phases discovery, ideation, and execution. You will need a rigid framework to efficiently manage each of these phases. Absence of an exclusive team.
While some innovations introduce groundbreaking technologies or incremental improvements, disruptive innovation stands apart by transforming markets and displacing established players in unexpected ways. Ideamanagement tools allow organizations to crowdsource and evaluate innovativeideas from employees, customers, and stakeholders.
How Blue Sky Thinking Differs from RadicalInnovation While blue sky thinking and radicalinnovation are closely related, they serve different purposes. In essence, blue sky thinking generates visionary concepts, while radicalinnovation turns those concepts into reality.
How Blue Sky Thinking Differs from RadicalInnovation While blue sky thinking and radicalinnovation are closely related, they serve different purposes. In essence, blue sky thinking generates visionary concepts, while radicalinnovation turns those concepts into reality.
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