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

IdeaScale

Social innovation refers to both the new strategies, concepts and ideas innovated to meet the social needs of society (including, but not limited to, working conditions, education, health, and community development) as well as the social processes of innovation, including open innovation techniques.

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Has innovation changed over the last ten years?

Paul Hobcraft

From incremental to radical : Innovation used to be seen as an incremental process where organizations improved their existing products, services, or processes by making small changes. Disruptive innovation is the creation of a new value proposition that displaces existing ones 2.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

It shifts our thinking and the management of innovation dramatically. The ability to have a more “rapid response, adaptive designs and flexible manufacturing” can align more to market shifts earlier. We can reach far more into underserved markets through greater customer connections and engagement, we can co-design with them.

Industry 222
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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? Customers and employees are driving innovation.

Report 212
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So Where Is Innovation Heading?

Paul Hobcraft

We need to short-circuit our innovation development process, we must have as much visibility (and controls) into our value chain, we need to develop a riskier mindset to explore, validate and experiment to bring our products and services to market. The road you take will decide where innovation is heading for you.

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What is Value Innovation? Examples, Process, & Best Practices

Qmarkets

Most businesses focus on outperforming rivals in existing markets, but this approach often leads to diminishing returns. Value innovation takes a different pathit creates entirely new demand by delivering higher value at a lower cost, making competition irrelevant. Heres another example.