S2 : Elements of innovation

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Last updated 10:25 AM on 9/16/24
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26 Terms

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Categories of Innovation

Different classifications of innovation based on their forms and novelty.

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Forms of Innovation

The various applications of innovation, including product, process, and service innovations.

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Product Innovation

Making valuable changes to physical products that capture public attention.

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Incremental Improvements

Gradual enhancements made to products or services in response to identified problems or emerging requirements.

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Product Families

The ongoing work of product design teams to expand and add new products to existing product lines.

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Next-Generation Products

The focus of product design teams on developing and producing advanced versions of existing products.

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New Core Products

The design of radically new products that significantly expand a company's portfolio and often involve new processes.

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Service Innovations

The introduction of entirely new methods for providing services.

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Process Innovations

The implementation of new or improved production methods that add value to an organization.

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Incremental Innovations

Refinements and improvements made to existing designs without fundamentally changing their components.

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Radical Innovation

The creation of a new design using new components configured in an innovative way.

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Modular Innovation

Utilizing the architecture of an existing product while incorporating new components into the design.

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Stages of Innovation

The sequential phases that an innovation goes through from idea generation to implementation.

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Idea Generation

The initial stage where freedom is provided to explore and develop new ideas.

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Advocacy and Screening

The process of evaluating and eliminating ideas that do not show potential.

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Experimentation

Testing the sustainability of ideas within a specific organization.

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Commercialization

The stage where an invention is recognized as an innovation once it is brought to market.

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Diffusion and Implementation

The final recognition of an innovation and the establishment of necessary structures and resources for its maintenance.

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Innovation Process

A systematic approach to solving problems through collaborative idea generation and implementation.

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Step 1

Innovation starts with identifying a problem that needs addressing.

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Step 2

Transforming the identified problem into a challenge to inspire solutions.

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Step 3

Encouraging others to propose suggestive solutions to the challenge.

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Step 4

Engaging in collaborative idea generation to develop potential solutions.

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Step 5

Combining and evaluating the generated ideas for feasibility.

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Step 6

Developing the selected new ideas into actionable plans.

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Step 7

Implementing the developed ideas into practice.

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