Types of Innovation – The Ultimate Guide with Definitions and Examples

Types of Innovation – The Ultimate Guide with Definitions and Examples

Innovation comes in many forms beyond technological advancements. Most innovations are small, gradual improvements on existing products, processes, and services, while some can be groundbreaking inventions or business models that change industries. Knowing what types of innovation are available and suitable for a business can help discover the ones that can improve the organization's ability to grow and respond to changing customer needs. This post covers four common types of innovation: incremental, disruptive, sustaining, and radical. Additionally, it introduces the Ten Types of Innovation Framework, which can help analyze a business's competitive environment and reveal potential opportunities to develop viable innovations across all levels of an organization.

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More Innovation Resources:

As long as my failing project keeps going, I won't be a failure

As long as my failing project keeps going, I won't be a failure

Knowing when to quit a failing innovation project is important, but many people find it difficult due to the fear of failure.

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Five Bottlenecks of Digital Innovation

Innovation is a management process with three phases: Discovery of problem or new ideas, designing a prototype solution, and ultimate delivery of a commercially astute outcome. The article discusses five digital innovation bottlenecks and how to break them.

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Kissing Frogs and Picking Horses

Innovation culture can be created in various ways, but it's essential to recognize the constraints that larger, established businesses have while approaching innovation.

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