Key Innovation Management Models and Theories

Innovation is a complex field of study with many models, theories, and frameworks. This article summarizes several key models, including different types of innovation, such as disruptive vs. sustaining and radical vs. incremental innovation, and introduces the Innovation Matrix, which can be used to classify initiatives in an organization's innovation portfolio. The article also covers architectural vs. modular innovation, three categories of innovation (business model, technology, and marketing), the Ten Types of Innovation model, and the Innovator's Dilemma. Understanding these models and theories can help make sense of the complex field of innovation management.