Two weeks ago, I introduced to you a systematic scheme to organize modern innovation types on three levels: operational, value and leverage innovations. We discussed some of the main innovation types and their position in those three hierarchical levels. Then, we looked at the first four rules of using innovation types: #1. Play to stay […]
When companies pursued innovation in the past, they typically worked on one of two innovation types: product innovation (also called new product development) and process innovation. Over the last two decades, however, a compendium of modern innovation types has emerged that allow companies to play the innovation game in many new ways. But as with any […]
Last month, I presented a research paper at the International Society of Professional Innovation Management’s Innovation Conference in Porto, Portugal. When looking at recent trends in innovation research, I discerned one popular topic at this year’s ISPIM conference: business model innovation. Today, let’s discuss what business model innovation means and why it’s valuable, then look […]