Types of Innovation
9 important questions on Types of Innovation
What is Incremental Innovation?
-- Targets existing markets using existing technologies
What is Radical Innovation?
-- Targets new markets using new technologies
What are "Winner-take-all" markets?
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What is the Innovation Ecosystem?
What is the Market-and-Technology Framework?
How to respond to Disruptive Innovation?
What is Reverse Innovation?
NOTE: also called frugal innovation
What is Absorptive Capacity?
Which factors led to a shift in knowledge landscape from Closed to Open Innovation?
- Exponential Growth of Venture Capital
- Increasing Availability of External options to commercialise ideas that were previously shelved or insource promising ideas and inventions
- Increasing global capacity of external suppliers
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