Get definitions for some of the most common innovation terms in this list below.
Competencies for Innovation" refers to the essential set of skills, knowledge, and attributes required to drive and manage innovation effectively within an organization.
A company's Business Model incorporates everything that the business does to capture value such as its products or services, customers, revenue streams and cost structures.
Blue ocean strategy is Innovation that creates a new market, by creating and capturing demand that did not previously exist.
Architectural innovation is the process of changing the way that components of a product or service are configured together to improve outcomes.
The ability of a firm to prepare the business for the future while also supporting current operations.
An analytical prototype is an initial version or model of a product with essential functionalities to be tested, measured and observed.
Agile Model is a method of managing software development projects that emphasizes rapid releases and incremental progress.
