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Innovation types0 ppt.pptx

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Innovation types0 ppt.pptx

  1. 1. LECTURE 3. INNOVATION TYPES Innovation management
  2. 2. Lecture content  Innovation types:  Depending on change type. - 4 types  Depending on application area - 10 types (TEN TYPES OF INNOVATION - THE BUILDING BLOCKS OF BREAKTHROUGHS)
  3. 3. 4 types innovation  Your business can take a number of different approaches to innovation. Usually, this will depend on how much time and money you have available and what your business strategy is. These approaches can be part of a continuous cycle or employed on a more ad-hoc basis, depending on your needs.
  4. 4. 4 innovation types
  5. 5. 4 types innovation – Breakthrough  Breakthrough or radical innovation  creating a completely new process or product in response to a market need or opportunity  DIFFICULT TO BE CREATED. WHY?  Lack of resources  Lack of laser-like focus  Lack of a detailed understanding of the end user  Lack of required technical competencies

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