three types of innovation
DESCRIPTION
Want to innovate and transform your business or even industry? The first step to innovation is understanding the three different types - there are three distinct types. Apply each type to your business. This quick presentation provides examples of each type and explains the differences.TRANSCRIPT
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So…
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You want to Innovate?
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rejuvenatecan
Innovation
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It can
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restore growth.
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transform
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transform
a business
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It can
transform
a business
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The first step…
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…to innovation
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is to understand the different types.
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There are three.
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The first type.
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The first type.
Pioneering Innovation
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The first type.
Pioneering Innovation
Original
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The first type.
Pioneering Innovation
Original First to market
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The first type.
Pioneering Innovation
Original First to market
Invention
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The first type.
Pioneering Innovation
Original First to market
Brand spankin’ new
Invention
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An innovation we have never seen before.
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Something brand new.
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The Segway.
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The GPS.
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pioneering innovation is
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the rarest form
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of innovation
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…because it is difficult to do something completely
original.
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The second type.
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The second type.
Best Practice Innovation
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The second type.
Best Practice Innovation
A different way of doing things
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The second type.
Best Practice Innovation
new to your company or industry
A different way of doing things
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The second type.
Best Practice Innovation
new to your company or industry
but not an original idea
A different way of doing things
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An innovation that already exists.
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But can transform your industry.
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An example…
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Take the check clearing house model
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…that had been around for a hundred years
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A central hub where checks are sent for redistribution.
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Apply it to shipping.
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FedEx
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FedExtransformed the industry
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Best practice innovation is
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the most common type of
innovation.
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but not necessarily the least effective.
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The third type.
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The third type.
Technological Innovation
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The third type.
Technological Innovation
Is when you use an existing technology to innovate.
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The third type.
Technological Innovation
Is when you use an existing technology to innovate.Or apply a new technology to an existing process, service or product.
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Progress through technology.
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Examples.
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Examples.
radio + internet = WiFi
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Examples.
storage + internet = cloud
radio + internet = WiFi
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Examples.
storage + internet = cloud
radio + internet = WiFi
music + portable + digital = iPod
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Examples.
storage + internet = cloud
radio + internet = WiFi
music + portable + digital = iPod
voting + radio = audience response systems
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Examples.
computers + mobile phones + cameras + music players + GPS +
everything else
= smart phones
storage + internet = cloud
radio + internet = WiFi
music + portable + digital = iPod
voting + radio = audience response systems
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Examples.
computers + mobile phones + cameras + music players + GPS +
everything else
= smart phones
storage + internet = cloud
radio + internet = WiFi
music + portable + digital = iPod
voting + radio = audience response systems
+
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Technological innovation can move the fastest.
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So always keep looking ahead.
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To Summarize:
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To Summarize:
Best Practice Innovation
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To Summarize:
Pioneering Innovation
Best Practice Innovation
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To Summarize
Pioneering Innovation
Best Practice Innovation
Technological Innovation
![Page 63: Three Types of Innovation](https://reader033.vdocuments.us/reader033/viewer/2022061111/545585b7af795994188b494f/html5/thumbnails/63.jpg)
To Summarize
Pioneering Innovation
Best Practice Innovation
Technological Innovation
the three types
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www.businatomy.com
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Three Types of Innovation
And a few examples.
http://www.businatomy.com/blog/2013/5/28/3-types-of-innovation