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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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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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Can AI Help Your Company Innovate? It Depends

Harvard Business Review

To investigate what kinds of innovation AI worked with, the authors performed two studies: first, a survey of 331 firms for practices on process improvement and new technology development, and second, an archival analysis of patent data on new technology development for a broader sample of more than 2,000 publicly traded firms.

Company 145
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Has innovation changed over the last ten years?

Paul Hobcraft

Today, innovation is seen as an open process, where organizations leverage external sources of knowledge, ideas, and feedback to enhance their innovation performance 1. Open innovation is the practice of sharing and using external and internal ideas to create value 2.

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So Where Is Innovation Heading?

Paul Hobcraft

This needs significant process redesign and the redesign into small, nimble teams and cross-trained groups who collectively gather around a problem to solve it and then disperse and reform in different shape and form to address the next need. The road you take will decide where innovation is heading for you.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

The quicker we can connect and build the fourth industrial revolution we can explore, build, and redesign our whole innovation process in end-to-end ways, fully connected up, transparent and highly responsive. We can look towards managing more radical innovation design in ecosystems and networks, seeking to push existing boundaries.

Industry 223
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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Now that is very disappointing but what do we expect from innovation? In one final quote from this article: “when boards seem to have a “widespread lack of board-level engagement in innovation processes (that) could be a major blind spot and a potential liability”. Customers and employees are driving innovation.

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