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.

View

More Innovation Resources:

Innovation Strategy - 3 Tracks to Fast Track Innovative Ideas

Innovation strategies can take cues from NASCAR in terms of having different tracks for different types of innovations, according to a new blog post.

View

Friday Shrimp Special - Creating HUGE Ideas from Tiny Ones

Learn how the creative thinking exercise "Shrimp" can turn ho-hum, tiny ideas into bigger, more dramatic breakthrough ideas by pushing your team's creativity to an outlandish and dangerous point.

View

How To Know When To Pivot Your Business? | Corporate Lab

Knowing when to pivot your startup business model can be difficult, but signs such as losing clients, stagnant growth, and lack of motivation indicate a change is necessary.

View