Innovation
in·no·vate (ˈinəˌvāt/) – make changes in something established, especially by introducing new methods, ideas, or products.
1. Eight Ways To Transform Your Company’s Innovation Culture
2. Disruptive Innovation
Disruptive innovation is a term in the field of business administration which refers to an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products, and alliances.
3. Where do Good Ideas Come From?
4. Encouraging Innovation
5. Incremental innovation – Small improvements to existing products or processes. Incremental innovation is not risky. You can produce incremental innovations fairly predictably by making your product a little better, faster or cheaper.
6. Radical innovation – A fundamental change in how you do things, also known as “breakthrough innovation” or “discontinuous innovation.” The transistor was such an innovation for the vacuum tube industry. Radical innovations create new areas of performance, change how an industry defines itself, and radically improve performance or reduce costs. They are riskier than incremental innovations and hard to predict.