✅ Related keywords: innovation process, idea generation, experimentation, implementation, idea management
Innovations go through three primary stages: fluid, transitional, and specific. In the fluid stage, the innovators are trying to define the opportunity and obtain patents. In the transitional stage, they are developing the business model of the innovation. In the specific stage, the innovators are fine-tuning the production process, to minimize costs and decrease development cycle time.
More innovation terms explained.
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