This document discusses different types of innovation. It begins by defining innovation as the implementation of new ideas through new or improved goods/services. Innovation is important for organizational growth, survival, and success. There are different types of innovation including basic innovation which comes from new discoveries, disruptive innovation which changes existing markets, breakthrough innovation which solves very difficult problems through unconventional approaches, and sustaining innovation which focuses on incremental improvements in existing markets and capabilities. The document emphasizes that innovation is a process that begins with an idea and results in new functions, differing from simple creativity. It is crucial for organizations to measure and assess their innovation.

1. Name :- Dhruv Bhagat
Working as an content developing intern at The Sparks Foundation
#GRIP Aug 2021 Batch
Topic :- Article on the topic Innovate

2. • Innovation is the practical implementation of ideas that result in the
introduction of new goods or services or improvement in offering goods or
services.
• Innovation is one of the most important concerns of each organization and
its role in the development and coordination of the market is inalienable.
Innovation in all human areas is applicable from product development,
methods of management, ways of doing works and etc.

3. • In all of definition used for innovation, changing or improvement of
the process or product are common. Innovation is a process that
begins with introduction to plan of an idea and will become a new
function and so it different from creation.
• The main point is that innovation is different from creativity. In this
paper the important of innovation and its crucial role in growth,
survival and success of organizations is discussed.
• Due to the crucial importance of Measuring Innovation in current
dynamic and competitive environment, it is critical to find a valid
measure to assess Innovation in firms. This measurement not only
assists managers to understand which factors affect Innovation but
also help them to evaluate the value of their firms. Therefore,
detection of weaknesses and opportunities, the factories could
improve their position in the current fast changing environment

4. Different types of innovation
• Basic innovation :- Pathbreaking innovations never arrive fully
formed. They always begin with the discovery of some new
phenomenon. No one could guess how Einstein’s discoveries would
shape the world, or that Alan Turing’s universal computer would
someday become a real thing.
• Disruptive innovation :- When HBS professor Clayton Christensen
introduced the concept of disruptive innovation in his book The
Innovator’s Dilemma, it was a revelation. In his study of why good
firms fail, he found that what is normally considered best practice —
listening to customers, investing in continuous improvement, and
focusing on the bottom line — can be lethal in some situations.

5. Different types of innovation
• Breakthrough innovation :- Sometimes, as was the case with the
example of detecting pollutants underwater, we run into a well-
defined problem that’s just devilishly hard to solve. In cases like
these, we need to explore unconventional skill domains, such as
adding a marine biologist to a team of chip designers. Open
innovation strategies can be highly effective in this regard, because
they help to expose the problem to diverse skill domains.
• Sustaining innovation :- Most innovation happens here, because
most of the time we are seeking to get better at what we’re already
doing. We want to improve existing capabilities in existing markets,
and we have a pretty clear idea of what problems need to be solved
and what skill domains are required to solve them.

6. Thank You