Process: Implementation of a new and significantly improved production or delivery method.
Product: Introduction of new or significantly improved product that generates new customer value.
Incremental: Small continuous improvements to existing products, services and processes.
Service: Introduction of new or significantly improved service that generates new customer value.
Business Model: New ways in which an organisation creates, delivers and captures value.
What are the Types of Innovation?
Disruptive: Innovations that displace established companies or industries.
Outcome Driven: Th jobs the customer is trying to get done are used as input to the innovation process.
Organisation: New ways in which people manage and share resources.
Breakthrough: Innovations that generate a paradigm shift in technology or science, for example transistors.
