Three Types of Innovation

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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.

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Three Types of Innovation

  1. 1. ThreeTypes of Innovation And a few examples. www.businatomy.com
  2. 2. So…
  3. 3. You want to Innovate?
  4. 4. rejuvenate can Innovation
  5. 5. It can
  6. 6. restore growth.
  7. 7. transform
  8. 8. transform a business
  9. 9. It can transform a business
  10. 10. The first step…
  11. 11. …to innovation
  12. 12. is to understand the different types.
  13. 13. There are three.
  14. 14. The first type.
  15. 15. The first type. Pioneering Innovation
  16. 16. The first type. Pioneering Innovation Original
  17. 17. The first type. Pioneering Innovation Original First to market
  18. 18. The first type. Pioneering Innovation Original First to market Invention
  19. 19. The first type. Pioneering Innovation Original First to market Brand spankin’ new Invention
  20. 20. An innovation we have never seen before.
  21. 21. Something brand new.
  22. 22. The Segway.
  23. 23. The GPS.
  24. 24. pioneering innovation is
  25. 25. the rarest form
  26. 26. of innovation
  27. 27. …because it is difficult to do something completely original.
  28. 28. The second type.
  29. 29. The second type. Best Practice Innovation
  30. 30. The second type. Best Practice Innovation A different way of doing things
  31. 31. The second type. Best Practice Innovation new to your company or industry A different way of doing things
  32. 32. The second type. Best Practice Innovation new to your company or industry but not an original idea A different way of doing things
  33. 33. An innovation that already exists.
  34. 34. But can transform your industry.
  35. 35. An example…
  36. 36. Take the check clearing house model
  37. 37. …that had been around for a hundred years
  38. 38. A central hub where checks are sent for redistribution.
  39. 39. Apply it to shipping.
  40. 40. FedEx
  41. 41. FedEx transformed the industry
  42. 42. Best practice innovation is
  43. 43. the most commontype of innovation.
  44. 44. but not necessarily the least effective.
  45. 45. The third type.
  46. 46. The third type. Technological Innovation
  47. 47. The third type. Technological Innovation Is when you use an existing technology to innovate.
  48. 48. 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.
  49. 49. Progress through technology.
  50. 50. Examples.
  51. 51. Examples. radio + internet =WiFi
  52. 52. Examples. storage + internet = cloud radio + internet =WiFi
  53. 53. Examples. storage + internet = cloud radio + internet =WiFi music + portable + digital = iPod
  54. 54. Examples. storage + internet = cloud radio + internet =WiFi music + portable + digital = iPod voting + radio = audience response systems
  55. 55. 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
  56. 56. 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 +
  57. 57. Technological innovation can move the fastest.
  58. 58. So always keep looking ahead.
  59. 59. To Summarize:
  60. 60. To Summarize: Best Practice Innovation
  61. 61. To Summarize: Pioneering Innovation Best Practice Innovation
  62. 62. To Summarize Pioneering Innovation Best Practice Innovation Technological Innovation
  63. 63. To Summarize Pioneering Innovation Best Practice Innovation Technological Innovation thethree types
  64. 64. www.businatomy.com
  65. 65. ThreeTypes of Innovation And a few examples. http://www.businatomy.com/blog/2013/5/ 28/3-types-of-innovation

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