Remove Innovation Management Remove Marketing Remove Radical Innovation
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12 Types of Innovation You Should Know in 2021

IdeaScale

Radical Innovation. Radical innovation refers to research and development aimed at creating new products, technology, or techniques that leap ahead or completely change the marketplace. The goal is to completely change how an industry or market functions, putting the innovator at the center. .

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Interactions are complex and unpredictable. Culture of experimentation (and speed).

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15 most important Innovation Theories your company should be using

Idea to Value

When should it be used: Any organisation that wants to enable their staff who have an idea to “try it out” or do an initial market experiment. Put simply, it theorises that small companies can disrupt the market of large companies by releasing a new version of an offering which appeals more to a subset of the customers.

Company 251
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Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

This is reasonably straightforward for incremental innovations but particularly hard for radical innovations. We can then evaluate the total projected impact of our innovation pipeline. What are the conversion rates from promising ideas to implemented innovations? Why did so many projects not make it to market?

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

I mean anyway “we really don’t believe in innovation, it all is full of risk, uncertainty and those unknowns and that is the last place to go when you are fighting in a different set of market conditions, isn’t it?”. So where does innovation sit within your organization? Two reports recently came out.

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Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

It seems within our boardrooms they are ill-equipped to managing in today’s world, grappling with the past, holding on, perhaps too tightly, to the present and certainly being unsure of the future. Corporations are under increasing attack and are really struggling to become more radical in how they can defend, secure and achieve growth.

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Balancing Large and Small Firm Capabilities

Integrative Innovation

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.