Professional Documents
Culture Documents
Innovation Typesandphases
Innovation Typesandphases
innovation?
The term innovation refers to a “new way of doing
something”. It may refer to incremental and emergent or
radical and revolutionary changes in thinking, products,
processes, or organizations.
Process Innovation
Service Innovation
Product Innovation
Product innovation
Change in how the product is noticed by the
consumers (change in physical structure).
valuable to users
faster
more accurate
more reliable
less expensive
Implementation
Design Phase
Phase
Design Phase
The design phase is marked by much divergent thinking
and creativity, brainstorming, search for alternatives, etc.
Research studies suggest that the management of the
design phase needs to be marked by great administrative
flexibility and these types of innovation to achieve the
necessary growth to survive.
Implementation Phase
It requires a very different mode of management.