If you continue browsing the site, you agree to the use of cookies on this website. Products, especially consumer products are probably the most obvious innovation application. Alar Kolk 5 Keys to Effective Innovation and New Product Development (NPD) Planning 9 of 15 Because innovation is a widely recognized, critical requirement for virtually all companies across all industries, metrics are an imperative for success. 5 Steps for Building an Innovation Pipeline If your business has problems turning ideas into business growth, you may need to create an internal team … Week 16 Introducing New Market Offerings.ppt - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. If you continue browsing the site, you agree to the use of cookies on this website. Consciously understanding it makes innovation easier and more effective. Use different methods such as TRIZ or Design Thinking to generate new ideas. What is innovation • Innovation happens when someone "improves on or makes a significant contribution" to something that has already been invented. 10 Types of Innovation. TEAM ... – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 1213d0-YTQzM We Offer Hundreds of Free PPT and themes for PowerPoint. PROFIT :What is the way your business is going to make money, is a question that holds most importance for most business models (except in the social context). When acquiring, the company can buy ... innovation can broaden the brand meaning and also force competitors to play catch-up.7 Armstrong World Based on this perspective, we can further extend the definition of innovation as follows: Innovation is the process of making changes, large and small, Today's top companies succeed by making innovation a fundamental part of their strategy. This was the focus of a 19990 advertisment showing a pyramid of glasses on the hood of Lexus while the engine revved at full throttle. This is what the Ten Types of Innovation® framework brings to innovation. As the pace of change continues to increase and the threat of disruption becomes the new normal, companies need to have a focused and effective approach to innovation. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. What value your innovation will create for the customers? Product Performance innovations address the value, features, and quality of a company’s offering. https://www.mckinsey.com/.../our-insights/the-eight-essentials-of-innovation offerings on the Operators’ Business Models are analysed in detail and the various Business Models that Operators could adopt to meet their strategic objectives are discussed. Too often, people mistake Product Performance for the sum of innovation. 3. See our User Agreement and Privacy Policy. 1. With the help of creativity tools you can produce, structure and present ideas. They conceive of themselves not as a group of products, services, territories, or functions, but as a portfolio of customers. This category is all about what goes inside a business and the systems which make the foundation of the business. Clipping is a handy way to collect important slides you want to go back to later. Finally, an innovation strategy needs to be adaptive and to evolve over time, i.e. A Framework for Strategic Innovation © InnovationPoint LLC www.innovation-point.com Page 3 Innovation is linked to the concepts of novelty and originality. Clipping is a handy way to collect important slides you want to go back to later. 1 • And converting the knowledge into a wealth is called innovation. 1. This type of innovation involves both entirely new products as well as updates and line extensions that add substantial value. See our User Agreement and Privacy Policy. Though there have been significant changes to the course, this course is not an entirely new edX offering. Delphi method. However, there are actually 10 different types of innovation—and the more types you incorporate, the more successful your innovation is likely to be. http://www.doblin.com/tentypes/. 2 Ten Types of Innovation: Multiple Ways to Change the Game and Win 5 minutes Welcome & Intro to TLI 10 minutes Context: The Ten Types of Innovation 10 minutes Small Group Discussions: Insights & Implications 12 minutes Context: Driving Business Model Innovation 13 minutes Small Group Discussions: Insights & Implications 5 minutes Context: Overcoming the Enemy Within 3.086x: The Iterative Innovation Process draws heavily upon the course material used in 3.086x: Innovation and Commercialization. Free + Easy to edit + Professional + Lots backgrounds. 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