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www.johnstark.com |
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Invention, Innovation, product innovation, process innovation, service innovation, incremental innovation, radical innovation, continuous innovation Innovation strategy, strategy for innovation, managing innovation, management of innovation Three stages of innovation - idea creation, development, commercialization Innovation has occurred when any aspect (e.g. capability, use) of a product, process or service provides an improved solution to a need Incremental innovation involves small improvements and extensions to existing products, processes and services. The target is to increase efficiency - higher quality, reduced times and lower costs. For an incrementally new product the customer is known and the technology does not radically depart from conventional practice Radical innovation involves major change. Typically there are unknowns concerning both customer and technology |