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:

Launching Innovations: The Do’s and Don’ts

Launching Innovations: The Do’s and Don’ts

Launching new initiatives is critical for innovation leaders, but it requires effective delegation, visibility, and accountability. Avoid micromanaging, taking credit, and blaming others for failure.

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The LAB: Creating New Logistics Packaging with SIT (May 2012)

The LAB: Creating New Logistics Packaging with SIT (May 2012)

Can innovation help grow the stagnant corrugated box industry? Students from the University of Cincinnati used the SIT method to come up with concepts like the Self-expanding Box and Know Tape.

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How Can The Risks of Innovation Be Addressed?

To successfully embark on a journey of strategic innovation management, businesses must first identify and manage the risks associated with the process. This article provides practical tips on stimulating a culture of innovation.

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