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Efficiency Innovation Examples: Extending hours or service, Changing production line to accommodate more widgets Developing a new method to standardized systemwide reporting. = Improving on what already exists http://www.flickr.com/photos/scottobear/2318837083/ http://www.flickr.com/photos/da5ide/456847031/ http://www.flickr.com/photos/irinaslutsky/519317305/
“ _________ “ is the mother of invention http://www.ohdeedoh.com/uimages/ohdeedoh/2008-07-24-aesop.jpg
Impacts on innovation? Efficiency Innovation Evolutionary Innovation Revolutionary Innovation Discovery of a new market Change in demands of current market Change in ability to support current market